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Bullboard - Stock Discussion Forum 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... see more

OTCQX:RPMGD - Post Discussion

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Comment by carrot50 on Jun 13, 2014 11:31am

RE:Wilco

Still nothing on Wilco - getting on to 3 months over due to start the drilling.


According to their own news release in February this year they were to start drilling at Wilco in April.
Ain't heard nothing about that yet.

I reviewed that release and it also says the PEA was to be on the whole Oreana trend. But what was just released was PEA just on Lincoln.

Now Kasjo leaves and founding company partner with no explanation.

What the heck is really going on in regards to Wilco.


Anyone got any ideas.
Comment by Hondo43 on Jun 13, 2014 5:10pm
from web page re wilco "hat's Next? Exploration work in 2013 will focus on the area between the Colado and Section line NI 43-101 resources where potential exists to connect the two deposits..." Information is stale   this is an exmple not summary of 2013 work and no comment for 2014   I have e mailed the Chairman  re stale information  There is a need to update ...more  
Comment by pipefit2 on Jun 16, 2014 10:51am
My guess is that they will drill Wilco after drilling Lincoln Hill, later this year, but only in limited fashion. The problem with Wilco is that Rye Patch met their spending obligations there many years ago.  They can hold that lease pretty much in perpetuity, if I'm not mistaken, without spending much, if anything.  Therefore, if they spend a lot of additional money, and find a ...more  
Comment by shawshank on Jun 20, 2014 5:11pm
In other words Pipe..."dead money". SS  
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