VANCOUVER, April 9, 2015 /PRNewswire/ - Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the "Company" or "Rye Patch") announces it has contracted John Porterfield as the Company's Project Manager for its Lincoln Hill gold/silver project located in Pershing County, Nevada.
Mr. Porterfield brings over 30 years of experience in the gold mining industry and was previously employed by Barrick Gold Corporation and Placer Dome Inc. While serving in various operational and project roles, John has coordinated and managed a number of feasibility studies and projects. These include the Mooney Basin expansion of the Bald Mountain Mine, the Yankee Mine expansion of the Alligator Ridge Mine, the restart of the Turquoise Ridge and Getchell Underground Mines in Nevada, and the Stage 1 construction of the Porgera Mine in Papua New Guinea. John, who completed Bachelor of Science degrees in Mining Engineering and Geology from Mackay School of Mines, University of Nevada, Reno, has held senior operational positions at the Bald Mountain Mine, the Porgera Mine, the Alligator Ridge Mine, the Turquoise Ridge Mine and the Ruby Hill Mine.
Rye Patch has also retained the services of Earl Shortridge (MS, Metallurgy, Colorado School of Mines) to be the Company's in-house metallurgical expert to assist with the metallurgical testing program. Mr. Shortridge has more than 45 years of experience designing and interpreting metallurgical tests. Upon retiring from Newmont Mining, Mr. Shortridge established a consulting practice that has provided metallurgical expertise to a variety of clients including Franco Nevada, International Tower Hill, US Gold, Pershing Gold, and Newmont Mining. Mr. Shortridge has designed and will supervise the Lincoln Hill metallurgical test program.
"These additions complement our excellent exploration group headed by Ronaldo Marcio Pinto da Silva. The combined talents of the group will continue to drive the Lincoln Hill project forward by addressing resource expansion at Gold Ridge and Independence Hill in concert with developing the feasibility of a mining operation at Lincoln Hill", commented William Howald, the Company's President and CEO.
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 totalling 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 Company's 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 Barrick's Goldrush deposit; and
- Seeking new project opportunities and accretive transactions.
The Company's 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 Directors
'William Howald'
William C. (Bill) Howald, CEO & President
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's 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 Company's 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 Coeur's 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 Company's 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.
SOURCE Rye Patch Gold
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