For thousands of other reports visit RSC's Mineral Intellingence Map
Rise Gold Corp.
Summary
| Project: | Idaho-Maryland | |
|---|---|---|
| Deposit: | Idaho-Maryland | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 7/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-7-2019: Rise Gold Corp. announces a Resource Estimation report for its Idaho-Maryland deposit at the Idaho-Maryland project. Clarification on Initial Exploration Target. July 2, 2019 – Vancouver, British Columbia – At the request of the Investment Indus | |
| Resources: | Exploration Target: 2.28 - 3.41Mt @ 0.19 - 0.30oz/t Ag | |
| CP/QP: | [Overall Report]: Benjamin Mossman (Internal) | |
| ABSTRACT: | July 2, 2019 – Vancouver, British Columbia – At the request of the Investment Industry Regulatory Organization of Canada, Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) is pleased to provide a range of gold grades for the Initial Exploration Target previously disclosed and clarifications to our news release dated June 28th, 2019 for the Idaho-Maryland (“I-M”) Gold Project. https://www.risegoldcorp.com/uploads/content/June28RiseGoldAnnouncesSignificantExplorationTarget attheIdahoMarylandGoldProject.pdf A range of grades for the Initial Exploration Target is presented in Table 1. The Initial Exploration Target is between 2,280,000 – 3,410,000 tons (2,068,000 – 3,094,000 tonnes) of mineralized material with grades ranging from 0.19 – 0.30 oz per ton gold (6.5 – 10.3 grams per tonne) and containing 432,000 – 1,019,000 oz gold. The Company clarifies that the Initial Exploration Target is only “conceptual in nature” and it is not an “estimate” of mineral resources. The Company retracts the use of the word “estimate” in conjunction with the calculation of the Initial Exploration Target. The Company cautions investors that the potential quantities and grades of the Initial Exploration Target are conceptual in nature and there has been insufficient exploration to define a mineral resource. The exploration target therefore does not represent, and should not be construed to be, an estimate of a mineral resource or mineral reserve. It is uncertain if further exploration will result in the target being delineated as a mineral resource. The Company included photographs of selected core intervals in its previous news release. The Company cautions investors that photos of these selective intervals are of high-grade gold mineralization and are not representative of the average mineralization hosted on the property. The Company has commenced engineering work to support an application for a Use Permit from Nevada County which will include an application for full commercial mining with onsite mineral processing. The Company will prepare design work necessary to support permit applications in order to advance the project. This engineering work requires assumptions in regard to planned throughputs and mining methods. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report