Howald said, “We are consolidating projects in Nevada.  We just released two new resource estimates.  What we are excited about is that we have included these resources in an open pit configuration.  There are several exploration targets around the pits so we believe they will grow.”  Howald sees work progressing over the short term.  He said, “We want to do more work and more metallurgy on the projects.  We completed pre-collar drillholes on Garden Gate Pass, and we are now drilling down to our target.  We have just started drilling at Patty on some targets that geologically look a lot like what Barrick is drilling.”

Howald believes that investors have many reasons to take a close look at Rye Patch Gold.  He said, “We have 2.4 million ounces of gold and gold equivalents in the measured and indicated category and more than 1 million ounces in the inferred category.  Those ounces, in the ground, in an open pit configuration, have option value on the gold and silver price.”  Howald believes that they are working in an optimal part of the world.  He said, “Along the Cortez trend, that area of Nevada is where the giant Carlin-style ore bodies live.  We are on a trend that has delivered over 40 million ounces of gold since 1991.  We have a good chance at upside there.  At Rochester, Coeur d’ Alene Mines has publically announced that 74% of the measured and indicated tons, and 59% of the inferred tons are on undisputed claims.  We are working to establish resources on our LH claims.  There is a lot of law in our favor, and it looks pretty good.  Investors can look at the legal dispute and decide for themselves; however, we still have tremendous value along the remainder of the Oreana and Cortez trends.”

Rye Patch Gold has made drilling, assay results, and resources a priority in 2012.  Said Howald, “We have updated the resources at Wilco and Lincoln Hill and a third resource estimate is planned on Gold Ridge.  In 2011, we identified a new zone at Gold Ridge, and we believe we can put it together in a third resource.  Then when that comes up, we will look at the district as a whole.”  The district would include the package of Rye Patch Gold Oreana projects.  Howald said, “Not just one property, but Wilco, Lincoln Hill and Gold Ridge together as a district.”

In terms of long terms plans, Howald and his team plan to continue to explore.  He said, “We are good at finding gold and silver in Nevada.  As you know, Nevada is one of the premier regions of the world.  Our niche is that we are very good at finding precious metals.  We think it is our place to find those precious metal resources and hand them off to companies that are already mining.”

Financially, Rye Patch Gold is in a solid position.  Howald said, “We did a raise and at the end of September for roughly $4 million dollars.  Our overall budget for 2012 is $5.5 million. $3 million planned for the Oreana trend, and $2 million on our Cortez trend projects.  We have budgeted $500,000 for our legal defense of the LH claims.  We are putting together a phase-2 drilling program at Rochester.  We'll end the year with approximately $4 million in the bank, and next year, we are planning a similar program.”

Along with a solid financial position, they also have a high market cap.  Howald said, “Outstanding we have 145 million shares and our market cap is nearly $70 million.  The highs and lows are $0.37 as the low and the high is $0.84.  We trade about 200,000 shares a day on the TSX Venture Exchange.” 

The management team is an asset that Howald is certain of.  He said, “Joe Kajszo and I co-founded the company in 2006.  Joe had a solid company called Nevada Pacific.  I came out of a company called Placer Dome.  I ran the US/Latin American exploration programs.  Placer Dome was bought by Barrick.  Joe and I knew each other because we had a business relationship between Placer Dome and Nevada Pacific.”   With their past experience, Kajszo and Howald have brought in additional consultants who have a proven track record of success.  He said, “We have a number of experts that have been successful throughout their careers and have delivered over 80 million ounces of gold in their careers.  Success follows success.”

Howald is hoping their past success will begin to drive their stock price in a positive direction.  He said, “I'd be remiss if I didn't say, like every other CEO, that we are undervalued.  We have held up better than a lot of the juniors over the last year.  That's because we have real gold and silver ounces underpinning the value.”  Howald stated that their value per ounce is quite low at this time.  He said, “We are trading at less than $20 per ounce in the ground.  I think value investors  will start to realize the undervalued nature of the stock right now.”

Howald sees the possibility of a bright future on the way for Rye Patch Gold.  He said, “We have been successful.  We are hoping to have good drill results coming out from Patty and Garden Gate Pass.  We have had some very good results from Rochester.  I think that is what you want to see – a company moving forward.  When you have to go back to the market you want to show people you are moving forward.  We are building two trend scale opportunities in Nevada which is a mining-friendly jurisdiction.  If you want more information, please go to our website: www.ryepatchgold.com.”

With multiple projects in a mining-friendly jurisdiction, Rye Patch Gold is continuing their successful exploration operations with the hopes of suppling mining companies resources for their future. 

http://www.ryepatchgold.com