Florida Canyon Mine Re-Start Complete
VANCOUVER, March 30, 2017 /CNW/ - Rye Patch Gold Corp.
(TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the "Company" or "Rye Patch") reports it has received approval from the Bureau of
Mining Regulation and Reclamation to start irrigation on the new South Heap Leach Pad ("South Pad"). In spite of the severe
winter weather this year, the Florida Canyon mine re-start has been successfully completed.
Mining, crushing and loading of the South Pad are ramping up and are nearing 70% of the forecast production rate coming into
the end of the first quarter. Optimizing and maximizing performance of the mine will take place over the second quarter
with commercial production anticipated by mid-2017.
"It's with a great sense of accomplishment and pride that the Florida Canyon team has completed the re-start of the mine,"
said President and CEO William Howald. "This accomplishment launches Rye Patch as a tenacious gold
producer with a bright future with its pipeline of existing resource assets and exploration upside along the Oreana trend."
The final Nevada Department of Wildlife ("NDOW") site inspection has been scheduled. The first gold pour from the South
Pad is projected in April 2017.
About Rye Patch Gold Corp.
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 along the established Oreana trend in west central
Nevada. Leveraging its strong financial position and cash to acquire the operating Florida
Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with operations, resource assets and exploration
upside. The combination of operations and exploration concentrated along a major Nevada gold
trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information,
please visit our website at www.ryepatchgold.com.
On behalf of the Board of Directors
'William Howald'
William C. (Bill) Howald, CEO & President
Forward-Looking Statements
This news release contains forward-looking statements relating to future plans and objectives of the Company, proposed
operations of the Company including mine development, funding requirements, future events and conditions and other statements
that are not historical facts, all of 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 requirement of the Company to
satisfy the conditions for drawdowns in the credit agreement entered into with Macquarie Bank Limited ("Credit Facility"), the
achievement of mine redevelopment plans and production results; 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; 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. As
a result, the Company cannot guarantee that the drawdowns under the Credit Facility and the Florida Canyon mine redevelopment
will be completed on the terms and within the time disclosed herein or at all.
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 Corp.
To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/March2017/30/c8146.html