VANCOUVER, Jan. 28, 2016 /PRNewswire/ - Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) announces that it has received its fourth quarterly royalty payment for 2015 of CDN $1,405,000 (USD $965,500) from its Net Smelter Return royalty on the Rochester mine located along the Oreana trend in Pershing County, Nevada.
The total of the royalty payments received for 2015, is approximately CDN $6,208,000 (CDN $4,137,000 received in 2014).
William C. Howald, the Company's President and CEO commented that, "The royalty income remains a welcome source of non-dilutive funding during this turbulent and devalued market and keeps the company on secure financial footing."
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 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
