Rye Patch Gold Corp.

Rye Patch Gold Corp. is a Nevada-focused and discovery-driven company seeking to build a sizeable inventory of gold and silver resource assets in the mining friendly state of Nevada, U.S. The company's seasoned management team is engaged in the acquisition, exploration and development of quality resource-based gold and silver projects. Rye Patch Gold US Inc. controls over 75 sq km (30 sq miles) along the Oreana Trend located in west-central Nevada, and is developing gold and silver resources along this emerging trend. In east-central Nevada, Rye Patch Gold US Inc. is exploring 66 sq km along the prolific Cortez Trend near Barrick's new gold discovery. The company has established gold and silver resource milestones and time frames in order to build a premier resource development company.

Expert Comments:

"I talked to Rye Patch Gold Corp. CEO Bill Howald recently and he has been very busy. Funding hasn't been an issue because of the royalty on Coeur Mining Inc.'s Rochester Mine. He just picked up some additional land positions near the old Florida Canyon mine, which is owned by a large Asian operator. It is up for sale. I don't expect Howald to necessarily buy that, but he has a lot of land positions around that. So if a company does decide it wants to make a run at it, Howald certainly has a lot of land in that area. Rye Patch also recently renegotiated its terms with the Barrick Gold Corp. group on the Patty project to give it more time. It is fairly complex geology and the company doesn't want to drill and make a mistake, so it is taking a little bit of extra time. Howald has a lot of irons in the fire. I've been very happy holding on to this company because it's been run very solidly and it doesn't have a funding issue." read more >

Brien Lundin, Gold Newsletter (Jefferson Financial) (1/21/16)
"Rye Patch Gold Corp. has kept the newswires humming over the past several weeks, with the announcement of an extension to its earn-in agreement on its Patty project, some nice drill results from its Gold Ridge project, and the acquisition of claims comprising the new Panther Creek project. . .self-financed through its royalty on a portion of Coeur Mining's Rochester mine, the company is well-positioned to thoroughly explore Gold Ridge, Panther Creek and the other projects in its portfolio. It remains a relatively riskless speculation at current prices and is a Buy."

Thibaut Lepouttre, Caesars Report (1/11/16)
"Rye Patch Gold Corp. released an exploration update on the Gold Ridge zone of its Lincoln Hill gold project in Nevada. . .this drill program has now extended the strike lengths at Gold Ridge to a total of 1,300m. . .and the mineralization remains open along strike and at depth at the northern zone. . .Gold Ridge should be considered a low-grade bulk tonnage target and. . .could add several years to the mine life of the greater Lincoln Hill project."

Haywood Securities (1/8/16)
"Rye Patch Gold Corp. released drill assay results from its Gold Ridge project. . .the latest drill results have successfully extended gold-silver mineralization to the north along the north-south trending ridge. The northern zone now has a strike length of 800m, and an apparent association between the presence of quartz vein fragments and higher gold grades was noted."

Thibaut Lepouttre, Caesars Report (12/23/15)
"Rye Patch Gold Corp. has reached a new earn-in agreement on the Patty project, an exploration project on strike with Barrick Gold Corp.'s Goldrush and Cortez Hills project. The original agreement called for a total amount of $2.95M to be spent in 2015 and 2016, but Rye Patch has been able to renegotiate this agreement and spread the $2.95M out over three years instead of two."

"Rye Patch Gold Corp. is an excellent company. It owns Lincoln Hill, a small open-pit gold project that is 2–3km from Coeur Mining's Rochester mine in Nevada. Rye Patch's PEA on Lincoln Hill envisions an open pit using a gold price of $775/oz, which is probably the most conservative economic study that I have seen in the past five years. That means the economics will be robust. The current mine plan calls for processing about 170 Koz gold and a little bit less than 4 Moz silver. But the real catalyst will be the results of ongoing metallurgical studies. The current PEA bases its economics on a run-of-mine heap-leap operation. But next door at Rochester, Coeur is crushing the ore before it reaches the leach pad and it is recovering roughly 92% of the gold. Rye Patch's PEA considers 65% a viable recovery rate. If Rye Patch could boost its recovery rate to 80 or 85%, more gold would be produced and lower-grade ore would become economic. Lincoln Hill's initial capital expenditure would be about $30M, and if you add a crushing circuit that would rise to $35–37M. That is financeable. Also, if Rye Patch boosts gold recoveries and production in the first few years of mine life, the internal rate of return could be in excess of 50%, even at $1,100/oz gold." read more >

More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Frank Holmes, Chairman – U.S. Global Investors
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Björn Paffrath, Director – Stabilitas-Fonds

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
Developing Gold and Silver Resource Story with Exploration Success
Fully Funded and Cash Flow From a Royalty
Proven Management Working in the Top Mining Region in the World