Goldrich Reports Completion of Drilling and Mining Equipment Mobilization
Spokane, WA - May 9, 2013 - Goldrich Mining Company (OTCBB: GRMC) (“Goldrich”) is pleased to report Goldrich NyacAU Placer, LLC (“GNP”), has successfully completed mobilizing equipment and supplies needed for its placer drill program and placer mining operation this summer at Chandalar, Alaska. GNP is a 50/50 joint-venture company formed by Goldrich and NyacAU, LLC. (“NyacAU”) and managed by NyacAU to mine Goldrich’s various placer properties at Chandalar. Equipment and supplies with an approximate value of $4 million were delivered over the 90-mile winter trail between Coldfoot, Alaska and Chandalar.
Total investment in equipment and assets mobilized to the site for both exploration and mining activities, including equipment previously purchased, now exceeds $8 million. Bill Schara, CEO of Goldrich, notes, “We are very pleased with the progress being made. Both the placer drill program and the beginning of mining operations this summer have the potential to add significant value for Goldrich.”