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Our Goal: Ten Million Ounces
Rye Patch has acquired advanced assets and explored aggressively towards its goal of a 10-million ounce gold inventory within 36 months. The company's Nevada focus arose from management's considerable knowledge of the region and Nevada's key position in world gold output. The state currently produces 78% of U.S. gold and 8% worldwide.
Management: International Senior-Level Experience
Rye Patch management, with extensive major and mid-tier experience worldwide, brings an unusual level of technical, financial and executive skills to a junior company. This outstanding group has developed and operated major mines and managed large exploration budgets on five continents.
Increasing Gold Inventory
Drill exploration at Wilco in 2008 followed up on the success of the 2007 program and produced a number of gold intersections with multiple intervals. And updated resource estimates in 2009 increased inventories in the measured, indicated and inferred categories. New discoveries at Lincoln Hill/Gold Ridge and Jessup are also expected to add to our growing gold inventory.
Timing Right for New Acquisitions
Management is seeking new acquisitions in Nevada, and the timing is excellent. As market conditions decline, attractive projects are coming available on very favorable terms to make Rye Patch well positioned to capitalize on new opportunities in this rapidly-changing market.
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