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VIQ Solutions Inc (TSXV: VQS)
VIQ Solutions Inc. is a global leader in computer-based digital audio and video capture and + Read More
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The Ubika Research Junior Resource stock watchlist
| Rye Patch Gold Corp. (Symbol: V.RPM) |
| Company Name: |
Rye Patch Gold Corp. |
| HQ Location: |
Vancouver, British Columbia |
| Company Website: |
www.ryepatchgold.com |
| Shares Outstanding |
91 Million |
| Closing Price (Mar 29, 2010) |
$0.25 |
| Market Cap: |
$22.3 Million |
| Average Daily Volume |
144,000 |
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Share Highlight / 1-Year Stock Chart
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Business Overview
Rye Patch Gold Corp. (Rye Patch) is a development-stage junior gold exploration company engaged in the acquisition and exploration of gold properties located in Nevada, the United States. The Company has acquired interests in five relatively advanced stage exploration projects covering over 85 square kilometres within Nevada’s prolific gold trends.
The company’s projects are near past producing mines and are surrounded by major gold producers such as Newmont Mining and Barrick Gold.
The company’s flagship property is the Wilco project, located 160 km Northeast of Reno, Nevada, where it has earned 100% option from Newmont Mining. Another key project is the recently acquired REN property, a joint venture between Rye Patch and Barrick Gold. + More info
What is interesting?
- Rye Patch is an ambitious junior gold exploration company focused on building a sizable gold reserve of over 10 million ounces within 3 years.
- An active drilling program could lead to short term catalysts for the company.
- With the recent acquisition of REN Property, the company now has a NI 43-101 compliant resource estimate of over 4.5 million ounces (measured, indicated and inferred), a sizable resource base for a junior gold exploration company.
- The company’s gold projects are in Nevada, a proven gold mining jurisdiction. More than 80% of gold production (over 6 million ounces annually) in the U.S.A is done in Nevada.
- The current focus of the company is the Wilco project in Nevada where it can earn 100% option from Newmont Mining.
- The company is continuously looking to add more resource base by acquiring high potential properties and it recently added the REN Property, where it has a joint venture with Barrick Gold Corp.
- The Ren property lies in the famous Carlin Trend, which has produced more gold than any other mining district in the United States. The trend surpassed 50 million troy ounces (1,555 tonnes) of gold in 2002. Rye Patch`s REN Property consists of 91 contiguous unpatented lode mining claims covering 7.4 square kilometres of the Northern Carlin trend.
- Rye Patch is the only junior gold exploration company that has proven resource estimate of over 1 million ounces on the Carlin Trend at the REN Property.
- Company’s projects are in Nevada, U.S.A, a safe and stable mining jurisdiction with very low geo-political risks.
- The company has a strong and stable management team at the helm. The senior management of the company has significant experience working for major gold producers in the past.
- The company recently raised $6 million to fund its exploration programs. A well capitalized treasury ensures that the company can focus on its exploration program to confirm and expand resource estimates.
Risks
Rye Patch Gold is an early stage exploration company. The commercialization risks associated with gold mineral exploration and development are high and its prospects for discovering economically viable gold resources are uncertain. Gold prices can fluctuate and a decline in the gold prices could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and although currently well financed, Rye Patch Gold may still require additional financing. This could result in shareholders’ dilution.
Rye Patch Gold Corp. News
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Disclaimer
| Was any fee (either in Cash or in Stocks/Options) paid by the company to smallcappower.com or its principal’s Ubika Corporation and/OR Investor Cubed Inc for providing services |
Yes |
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| Common Stock/Options Ownership in Rye Patch Gold Corp. |
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| Analyst(s) |
No |
| Analyst’s family members |
No |
| Analyst’s firm, their affiliates and/or subsidiaries |
Yes |
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