SPOKANE, WA - August 29, 2017- Goldrich Mining Company (OTCBB: GRMC) (“Goldrich” or the “Company) reports Form 10Q for the quarter ended June 30, 2017 was timely filed and includes production figures for Goldrich NyacAU Placer, LLC (“GNP”) through July 31, 2017. GNP is a 50/50% joint venture between Goldrich and NyacAU, LLC (“NyacAU”) formed to mine the various placer deposits that occur throughout Goldrich’s 23,000-acre Chandalar gold project in Alaska. NyacAU is the manager of the joint venture.
GNP production through July 2017 was approximately 7,262 ounces of alluvial gold, equivalent to approximately 6,050 ounces of fine gold. Production for the same period in 2016 was approximately 5,565 ounces of alluvial gold, equivalent to approximately 4,484 ounces of fine gold.
Subject to weather, production in 2017 should continue through mid-September.