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Rye Patch Gold Files Preliminary Economic Assessment for Lincoln Hill
Jul. 03, 2014 08:14AM PST
Gold InvestingRye Patch Gold Corp (TSXV:RPM,OTCQX:RPMGF,FWB:5TN) has filed a technical report with the title “Preliminary Economic Assessment, RYE PATCH GOLD CORP., Lincoln Hill Property, Pershing County, Nevada, USA” . Dated July 2, 2014, the report was prepared by Metal Mining Consultants, Inc., and was completed pursuant to National Instrument 43-101.
Rye Patch Gold Corp (TSXV:RPM,OTCQX:RPMGF,FWB:5TN) has filed a technical report with the title “Preliminary Economic Assessment, RYE PATCH GOLD CORP., Lincoln Hill Property, Pershing County, Nevada, USA” . Dated July 2, 2014, the report was prepared by Metal Mining Consultants, Inc., and was completed pursuant to National Instrument 43-101. It carried out in support of Rye Field’s May 21, 2014 news release detailing results from the Lincoln Hill preliminary economic assessment.
As quoted in the press release, highlights from the report included:
- Base Case Pre-tax IRR of 76.5% and NPV (5% discount rate) of US$64.2M;
- Average annual production of 33,000 Au ounces and 753,000 Ag ounces per year with a peak annual production of 63,700 Au ounces and 1,011,000 Ag ounces;
- Life of Mine (“LOM”) cash cost of US$575 per Au equivalent (“AuEq”)1 ounce, and total costs of US$759 per AuEq1; and
- Drilling on the Independence Hill and Roosevelt targets has potential to expand the resource and enhance the project economic model.
Click here to read the Rye Patch Gold Corp (TSXV:RPM) press release