The potential here seems to be amazing.
Rye Patch Delivers Gold Into Hedge
Florida Canyon Mine Development Continues On Track
Vancouver, British Columbia, February 9, 2017 - Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces that it has delivered 3,409 ounces of gold into its hedged position at an average price of US$1,275.13 and sold 4,804 ounces of silver at US$17.51 for gross revenue of US$4,431,662 produced from existing leach pads at the Standard and Florida Canyon mines.
The Company also received US$1.2 million from its Rochester mine NSR royalty for Q4 2016 in mid-January. The next payment will be for Q1 2017 and is expected in mid-April 2017.
Rye Patch’s subsidiary, Florida Canyon Mining, continues to produce and sell gold from the existing leach pads at the Standard and Florida Canyon mines, with the revenue from the gold sales and NSR royalty contributing to Florida Canyon re-start costs.
Mining, crushing and ore placement are continuing at the new South Heap Leach facility. The projected ramp-up to 600,000 tons per month production (545,000 tonnes per month) is on schedule. Irrigation followed by gold production is pending approval from the Nevada regulatory agency.
AI
