April 28, 2017 4:59 PM ET

Metals and Mining

Company Overview of Goldrich Mining Company

Company Overview

Goldrich Mining Company, an exploration stage company, engages in acquiring and exploring mineral properties in the Americas. The company primarily explores for gold, as well as base and precious metals. It holds interests in the Chandalar property that covers an area of approximately 22,858 acres located to the north of Fairbanks, Alaska. The company was formerly known as Little Squaw Gold Mining Company and changed its name to Goldrich Mining Company in May 2008. Goldrich Mining Company was founded in 1959 and is based in Spokane, Washington.

2607 Southeast Boulevard

Suite B211

Spokane, WA 99223

United States

Founded in 1959

3 Employees

Phone:

509-535-7367

Fax:

509-695-3289

Key Executives for Goldrich Mining Company

Chief Executive Officer, President and Director
Age: 59
Total Annual Compensation: $180.0K
Chief Financial Officer, Treasurer and Secretary
Age: 59
Total Annual Compensation: $54.9K
Compensation as of Fiscal Year 2015.

Goldrich Mining Company Key Developments

Goldrich Mining Company announced delayed annual 10-K filing

On 03/31/2017, Goldrich Mining Company announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Goldrich Mining Appoints Nicholas Gallagher as Director

Goldrich Mining announced that Mr. Nicholas Gallagher has joined the company’s board of directors, effective immediately. Mr. Gallagher brings a strong track record of diverse business experience to the board of directors. He obtained a Bachelor of Law degree from the University of Newcastle in the 1990’s and then became a qualified solicitor of the Supreme Court of England and Wales.

Goldrich Mining Company Provides Update on 2016 Mining Operations at Little Squaw Placer Mine

Goldrich Mining Company (“Goldrich” or the “company”) provided an update on 2016 mining operations at its Little Squaw placer mine (“Little Squaw”) as reported by Goldrich NyacAU Placer, LLC ("GNP"). Year-to-date production numbers, as calculated through August 31, 2016, have totaled 8,570 ounces of alluvial gold (approximately equivalent to 7,000 ounces of fine gold), representing a 95% increase in production versus the entire 2015 mining season. Production during the month of August totaled 3,010 ounces of alluvial gold (approximately equivalent to 2,450 ounces of fine gold). Production for the year continued through September 21, 2016 and final production numbers for the season will be released after all smelter settlement documents have been received. Of the gold processed during this season, approximately 5,540 ounces of alluvial gold (approximately equivalent to 4,520 ounces of fine gold) were from the upper half of Little Squaw Creek but outside the area of mineralized material previously delineated by Goldrich. This supports Goldrich’s belief that the mineralized area is open beyond the area previously defined. Goldrich has completed approximately 15,000 feet of drilling to date on the upper half of the Little Squaw Creek placer project and outlined 10.5 million cubic yards of mineralized material, at an average head grade of 0.025 ounces of gold per cubic yard, for an estimated total of approximately 250,000 contained ounces. The mineralized material at Chandalar is not a mineral reserve as defined in SEC Industry Guide 7.

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