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Rye Patch Gold RPMGD

Rye Patch Gold Corp is a Nevada based, Tier 1 mining company engaged in the mining and development of quality resource-based gold and silver mines and projects. The firm operates in one segment, which is the Exploration and Development of Mineral Properties. The firm operates through two geographical areas, Canada and the state of Nevada in the United States of America. The company's primary source of revenue is from the sale of gold dore.


OTCQX:RPMGD - Post by User

Post by pipefit2on Jan 08, 2016 1:24pm
216 Views
Post# 24440822

Venture weak

Venture weakIf I had to guess, I would say that Rye Patch stock is being softened by the weak Venture Composite.  Those Gold Ridge results the other day were not half bad, especially when you consider that the top of most of the intersections is only about 60 meters below ground level.  Compare this to Wilco, where you have to drill much deeper to find simialr intersections.

This is probably crucial to the success of the company, since Lincoln is on the very small side.  If they can prove up another one half million gold eq. ounces, or more, that would probably provide the tipping point to move this Lincoln area project forward.
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