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Rise Gold Corp.

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Summary

Project:

Idaho-Maryland

Deposit:Idaho-Maryland
Location:United States
Commodities:Gold
Date:6/28/2019
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resources Definition
Report details:28-6-2019: Rise Gold Corp. announces a Resource Estimation report for its Idaho-Maryland deposit at the Idaho-Maryland project. Initial Exploration Target estimate for project. June 28, 2019 – Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTCQ
Resources:
CP/QP:[Overall Report]: Richard Lippoth (Not stated)
ABSTRACT:June 28, 2019 – Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) is pleased to announce the successful completion of the initial surface exploration drilling program, the estimation of a significant Initial Exploration Target based on recent exploration drilling, and the Company’s strategy to advance the Idaho-Maryland (“I-M”) Gold Project towards the re-opening of the mine. The Company has completed 19 drill holes, totalling 20,584 meters, over the past 20 months in the Company’s initial surface exploration drilling program at the Idaho-Maryland Gold Project. Drilling has confirmed the presence of significant extensions of previously mined veins and structures. Numerous high-grade gold intercepts have been encountered, both near the existing mine workings and to depths of over 1 km below historic mining areas. The Company has calculated an Initial Exploration Target based on Rise Gold’s exploration drill results supported by historic data from the Idaho-Maryland Gold Project. The initial target represents the mineralized material in close proximity to and accessible from the existing mine workings that can be readily drilled from surface and/or underground to define a mineral resource. The Initial Exploration Target provides a basis for the engineering required to permit and plan for the reopening of Idaho-Maryland Mine. The Company is now focusing its resources on engineering work to advance the project. The Company has temporarily curtailed surface exploration drilling.

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