GoldMinerPulse Report on Rye Patch Gold Corp.: (NI) 43-101 Metal Valuation Report

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Rye Patch Gold Corp. (RPM)

Company Web Site: www.ryepatchgold.com

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-06-28. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-09-02.

External Links: Yahoo News and Quotes  |  Yahoo Message Board  |  StockCharts  |  Stockhouse  |  Canadian Insider Trading

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NOTE: Prior to May 27, 2010, the Jessup deposit Measured Gold resource was incorrectly reported. That GoldMinerPulse error has been corrected. Thx DS for the report.

Rye Patch Gold Fair Market Stock Price Estimate is updated each day based on closing market data.

Ubika Research Initiation Report, June 21, 2010, Rye Patch Gold Corp.

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-09-02

Project/Deposit CC MVpSh  PP%  MI%  I% GoldSilver
    WilcoUS$23.31028%72%2.28 M oz    24.56 M oz    
    Lincoln HillUS$4.6300100%379.68 K oz    9.49 M oz    
    JessupUS$4.13079%21%373.60 K oz    6.24 M oz    
 
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02
Metric / MetalGoldSilver
    Metal Totals3.03 M oz    40.29 M oz    
    Metal Prices in US$ (from 2010-09-02)$1,251.30 per oz    $19.69 per oz    
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)
$26.51    $5.54    
    Percentage of Total Metal Value82.70%    17.30%    
    PP% | MI% | I%0 | 32% | 68%    0 | 24% | 76%    
 
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02
    Metal Value per Share (MVpSh)   US$32.06
    Average Ore Value per Tonne   US$22.67
    Metal Value Leverage (MVL)    250.16
    Market Capitalization as % of Metal Value   0.4%
    Recent Stock Price   C$0.135   (TSX/TSXV close on 2010-09-02.)
  Conversion rate used: 1 Cnd$ = 0.949244 US$ )
    Fully Diluted Share Count   143.10 M    ( Fully diluted share count based on fully diluted share count from Share Capitalization web page (viewed May 2010) plus additional options issued to Ubika for investor relations (announced May 14, 2010). )
    PP% | MI% | I%   0 | 31% | 69%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade   0.466 g/t
    Market Capitalization
    per oz of Gold In Ground
   $6.05   US$  |   6.37   C$
    Gold Eq Oz Estimate   3.67 M oz   ( 3.03 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent
   $5.00   US$  |   5.27   C$
 
See terms for more about GoldMinerPulse metrics.

Additional Notes:

2010 Project Update    -    Rye Patch Gold Corp. Presents Nevada Project Update and Commences Drilling Program At Wilco April 28, 2010 news release (viewed May 2010).

Summary of Rye Patch Gold Corp.'s project work as of April 2010:

  • Wilco Project: 5,000 meter of reserve circulation drilling with estimated US$.5M exploration program planned.
  • Lincoln Hill Project: working on first ever NI 43-101 resource estimate and planning an US$.5M exploration program planned.
  • Gold Ridge Project: early stage work (US$100K budget) to define drill targets.
  • Jessup Project: possible 2010 drill campaign with an exploration program budget of US$300K planned.

  

GoldMinerPulse Coverage Status:

  • GoldMinerPulse coverage of Rye Patch Gold Corp. is complete pending a final internal review.


Jessup    -  ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT JULY 17, 2009 RYE PATCH GOLD CORP. JESSUP PROJECT, CHURCHILL COUNTY, NEVADA, USA
Date: 2009-07-17 (104 pages)

Updates: See Company Overview presentation (April 2010), Slide 8 of 13 (Rye Patch Gold’s NI43-101 Resource Inventory) viewed May 2010.

Project Location: Nevada, USA

Map View: View the Jessup project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Measured
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.11    127.49 K oz     0.510 g/t     7.78 M t    
   Silver$0.30    2.19 M oz     8.745 g/t     7.78 M t    
Estimate notes: See May 10 Presentation, slide 8 of 13 (viewed May 2010).
Cutoff grade is 0.2 g/t Au for oxide and 1.45 g/t Au for sulphide.
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.46    166.64 K oz     0.410 g/t     12.64 M t    
   Silver$0.40    2.91 M oz     7.167 g/t     12.64 M t    
Estimate notes: See Measured note.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.69    79.47 K oz     0.550 g/t     4.49 M t    
   Silver$0.16    1.14 M oz     7.922 g/t     4.49 M t    
Estimate notes: See Measured note.


Lincoln Hill    -  ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT LINCOLN HILL PROPERTY PERSHING COUNTY, NEVADA USA
Date: 2010-06-09 (76 pages)

Updates: See Rye Patch Gold Announces First Resource Estimate for Lincoln Hill, May 18, 2010.

Project Location: Nevada, USA

Most Optimistic Resource Estimates (MORE):

   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$3.32    379.68 K oz     0.686 g/t     17.22 M t    
   Silver$1.31    9.49 M oz     17.143 g/t     17.22 M t    
Estimate notes: See Rye Patch Gold Announces First Resource Estimate for Lincoln Hill, May 18, 2010.
A cutoff grade of 0.343 g/t Au.


Wilco    -  ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT May 08, 2009 RYE PATCH GOLD CORP. WILCO PROJECT, PERSHING COUNTY, NEVADA, USA
Date: 2009-05-08 (122 pages)

Updates: See Company Overview presentation (April 2010), Slide 8 of 13 (Rye Patch Gold’s NI43-101 Resource Inventory) viewed May 2010.

Project Location: Nevada, USA

Map View: View the Wilco project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Measured
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.46    166.96 K oz     0.690 g/t     7.53 M t    
   Silver$0.15    1.11 M oz     4.595 g/t     7.53 M t    
Estimate notes: See Table 17.17 Wilco Project Measured and Indicated Resources and Rye Patch Gold’s NI43-101 Resource InventoryCompany Overview presentation April 2010 (viewed May 2010). Also see Wilco web page.
A cutoff grade of 0.2 g/t Au for oxide and 1.45 g/t Au for sulphide.
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$4.42    505.75 K oz     0.510 g/t     30.84 M t    
   Silver$0.49    3.57 M oz     3.601 g/t     30.84 M t    
Estimate notes: See Measured note.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$14.04    1.61 M oz     0.410 g/t     121.84 M t    
   Silver$2.74    19.88 M oz     5.075 g/t     121.84 M t    
Estimate notes: See Measured note.

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