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Rise Gold Corp.
Summary
| Project: | Idaho-Maryland | |
|---|---|---|
| Deposit: | Brunswick | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-8-2018: Rise Gold Corp. announces an Exploration/Drilling Update report for its Brunswick deposit at the Idaho-Maryland project. Drilling results incl. 4.5m @ 23.7g/t Au from 1590.1m. August 7, 2018 – Vancouver, British Columbia – Rise Gold Corp. (CSE: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dirk Meckert (Not stated) | |
| ABSTRACT: | August 7, 2018 – Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) is pleased to announce additional assay results from on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project. Drillhole B-18-05 previously extended the Brunswick veins to a vertical depth of ~475 m below the B1600 level with an intercept which assayed 22.4 gpt gold over 5.2 m (see Rise Gold news release dated July 23rd 2018). Drillhole B-18-05 was continued to target the down-dip extension of the Idaho Veins and intersected two new veins which are believed to correlate with the Idaho 3 Vein system. The first, named the IB30 Vein, assayed 23.7 gpt gold over 4.5 m at a downhole depth of 1,590 m. The IB30 Vein is an important gold-bearing structure and is interpreted to be the down-dip extension of the Idaho 3 Vein system. The interval adjacent to the quartz vein was exceptionally high grade and assayed 230 gpt (6.7 oz/ton) gold over 0.4 m. A wide zone of alteration and lower grade gold mineralization surrounds the IB30 Vein with the entire zone averaging 6.9 gpt gold over 18.0 m. Assays are pending for several other quartz veins intersected between the IB30 and IB50 Veins. Rise Gold plans additional drilling to confirm the orientation and up-dip extension of these veins towards the Idaho vein system. Figures 1 & 2 illustrate these intersections in relation to the historic mine workings; a summary of the assay highlights are presented in Table 1. Benjamin Mossman, CEO of Rise Gold commented “These deep drill intercepts demonstrate the large exploration potential of the Idaho-Maryland Gold Project. To be able to hit deep high-grade gold mineralization with a single blind hole speaks to the great strength of this gold system. Rise has intersected multiple zones of important gold mineralization in all five holes completed to date. This deposit is known for hosting exceptionally continuous gold veins and every drill hole reinforces our belief that the Idaho-Maryland is one of the most exciting high-grade gold projects in America. | |
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