Rimrock Gold Corp. Makes Payment to Secure Silver Cloud Property
LAS VEGAS, August 3, 2015 - Rimrock Gold Corp. (the "Company") (PINKSHEETS: RMRK), is pleased to announce that it has closed $50,000 under the TJC Trading, LLC ("TJC") convertible note. Proceeds from the note have successfully been applied to the $50,000 yearly fee to the underlying claim holder of the Silver Cloud property under the terms of the lease agreement. "We are very pleased to have secured these necessary funds in a very difficult environment for mining companies. Once the Company has closed on the balance of the convertible note and successfully paid the Bureau of Land Management ("BLM") fees due August 31, we will focus on key strategic initiatives to advance the Company's properties," stated Jordan Starkman, President of Rimrock Gold.
The Silver Cloud Property consists of 552 Mining Claims totaling 11,210 acres situated 55 Km northeast of the mining center of Battle Mountain, and 80 Km west-northwest of Elko city, a regional mining hub. The Silver Cloud Property lies immediately to the 3.8 km southwest of Waterton Global's epithermal bonanza gold-silver Hollister Mine, and also lies 16 Km southeast of Klondex's Midas Mine, which is currently producing gold and silver from high-grade volcanic epithermal veins.
About Rimrock Gold
Rimrock Gold is a diversified mineral exploration company focused on identifying, acquiring, advancing, and drilling high-grade gold-silver metal exploration projects in Nevada. The company is managed by experienced and successful board members and advisors. The Company's main exploration assets comprise a 100% interest in the Rimrock, Ivanhoe Creek, Silver Cloud, and Pony Spur gold-silver properties in Nevada. For further information and technical data on Rimrock Gold's various projects, please visit the Company's website at www.rimrockgold.com.
Forward-Looking Statements
Certain statements in this document that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate, "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Rimrock Gold Corp. to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to: (i) the Company's ability to obtain sufficient capital or a strategic business arrangement to fund its current operational or expansion plans; (ii) the Company's ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."
CONTACT:
Rimrock Gold Corp.
Jordan Starkman, CEO
Jordan@rimrockgold.com
1-800-854-7970