Rye Patch receives $1,490,000 quarterly royalty payment
(firmenpresse) - Rye Patch receives $1,490,000 quarterly royalty payment
Vancouver, British Columbia, July 16, 2015 - Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the Company or Rye Patch - http://www.commodity-tv.net/c/mid,3159,Companies_und_Projects/?v=293131) announces that it has received its second quarterly royalty payment for 2015 of CDN$1,490,000 (USD $ 1,213,398) from its Net Smelter Return royalty on the Rochester mine located along the Oreana trend in Pershing County, Nevada.
For the first half of 2015, the Company has received CDN$3,340,000 in royalty payments -- CDN$1,850,000 in Q1 plus CDN$1,490,000 in Q2 - compared to a total of CDN$4,137,000 received in 2014.
William C. Howald, the Companys President and CEO stated, The royalty income is a welcome source of non-dilutive funding during this turbulent and devalued market. Our ability to drive the Lincoln Hill project forward, continue the search for world-class discoveries along the Cortez trend, and buy shares through the Normal Course Issuers Bid program position the Company for continued, long-term success.
About Rye Patch Gold Corp.
Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company led by a seasoned management team that has participated in major discoveries totaling over 100-million ounces of gold. The team is engaged in the acquisition, exploration and development of quality resource-based gold and silver projects along the emerging Oreana trend and the prolific Cortez trend. Benefitting from its strong financial position, the Companys strategy is to balance development and exploration risk, creating value by:
- Advancing the Lincoln Hill project toward production;
- Pursuing a world class discovery - Garden Gate and Patty - contiguous to and on strike with Barricks Goldrush deposit; and
- Seeking new project opportunities and accretive transactions.
The Companys cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, please visit our website at www.ryepatchgold.com.
On behalf of the Board of For additional information
Directors contact:
William Howald Rye Patch Gold Corp
William C. (Bill) Howald, CEO & info(at)ryepatchgold.com
President
Tel.: (604) 638-1588
Fax: (604) 638-1589
Suite 1740 - 1177 West Hastings St., Vancouver, BC, V6E 2K3, Canada
www.ryepatchgold.com
In Europe:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Companys actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Companys control. These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeurs mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Companys management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Leseranfragen:
Rye Patch Gold Corp. ist ein kapitalkräftiges Tier-1-Junior-Bergbauunternehmen, das Lizenzeinnahmen aus dem Betrieb des Silbermine Rochester bezieht. Es verfügt über bedeutende Gold- und Silberressourcen und überragendes Explorationspotenzial im bergbaufreundlichen US-Bundesstaat Nevada.
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Datum: 17.07.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 407518
Anzahl Zeichen: 4554
contact information:
Town:
Wien
Kategorie:
Business News
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