Rye Patch Gold Corp Expands Oreana Trend Holdings Stakes Mining Claims on Existing Gold and Silver Resources

Rye Patch Gold Corp (RPM.V) is up nearly 70% or 0.265 cents at 65 cents with around 5.6 million shares traded as it, through its wholly owned subsidiary Rye Patch Gold US Inc. announced it has acquired land and mineral rights by staking open, locatable public lands which contain gold and silver resources in the Rochester Mining District, Pershing County, Nevada.

Coeur d'Alene Mines Corporation (CDM) reported that Rye Patch Gold Corp. has challenged Coeur's ownership of a substantial portion of its unpatented claims at its Rochester property located in northern Nevada. On December 5, 2011, Coeur filed a legal complaint in Pershing County, Nevada asserting that its unpatented claims are valid and that it has a valid possessory interest in such claims. The Company is seeking damages and an injunction preventing Rye Patch Gold from interfering with its claims.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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