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Rise Gold Corp.
Summary
| Project: | Idaho-Maryland | |
|---|---|---|
| Deposit: | Idaho-Maryland | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-6-2017: Rise Gold Corp. announces a Supporting Acquisition report for its Idaho-Maryland deposit at the Idaho-Maryland project. Summary of property in support of acquisition. At the request of Rise Gold Corp (“Rise” or the “Company”), Amec Foster Wheele | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Gregory K Kulla (Amec Foster Wheeler Plc) | |
| ABSTRACT: | At the request of Rise Gold Corp (“Rise” or the “Company”), Amec Foster Wheeler (“Amec”) was retained to prepare an independent Technical Report (the “Report”) on the IdahoMaryland Mine (I-M Mine) Property near Grass Valley, California (USA). This Report has been prepared in accordance with Canadian Securities Administrator’s National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and its related Form 43-101F1. The effective date of this Report is 1 June, 2017. Mr. Greg Kulla, P.Geo, of Amec Foster Wheeler served as the Independent Qualified Person responsible for preparation of the Report. Mr. Kulla visited the Idaho-Maryland Mine Property on the 29th of March 2017 and met with Rise’s attorney, Mr. Braiden Chadwick, in Roseville, California to discuss mineral tenure, surface rights, and permitting with respect to the I-M Mine Property. The Idaho-Maryland Mine was a prolific gold producer in the Grass Valley – Nevada City District in Nevada County of California. It is an orogenic gold deposit, a deposit type known to have consistent high gold grades in quartz veins over significant vertical extents. The neighboring Empire Mine, operated by Newmont until 1957, was mined to a vertical depth of approximately 3,500ft (~1 km). Veins in the Mother Lode have been followed to a vertical depth of 5,700ft (~1.7 km). Mining of the gold-rich Idaho #1 Vein and 3 Vein System terminated at a vertical depth of approximate 2,000ft (~0.6 km). Exploration drifting on the I2400 Level has demonstrated the mineralized system of the Idaho #1 Vein continues with depth. Exploration drifts and subsequent mining in local areas demonstrate gold mineralization is still present at the I2700 Level in other areas of the mine. | |
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