Rye Patch Gold Corp. (fka RPMGF)

[TMLonggun]

Rye Patch Announces Lincoln Hill Preliminary Economic Assessment

Base Case Pre-Tax NPV (5%) of US$64.2 Million and IRR of 76.5%

PEA Highlights:

Base Case Pre-tax IRR of 76.5% and NPV (5% discount rate) of USD$64.2M;
Average annual production of 33,000 Au ounces and 753,000 Ag ounces per year with a peak annual production of 63,700 Au ounces and 1,011,000 Ag ounces;
Life of Mine ("LOM") cash cost of USD$575 per Au equivalent ("AuEq")1 ounce, and total costs of USD$759 per AuEq1; and
Drilling on the Independence Hill and Roosevelt targets has potential to expand the resource and enhance the project economic model.


http://ih.advfn.com/p.php?pid=nmona&article=62287484