exploration commenced

Exploration Drilling has Commenced at Idaho-Maryland

Oct 23, 2017
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Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that exploration core drilling from surface has commenced at the Idaho-Maryland Gold Project located in Nevada County, California. The first exploration drill hole has been collared, cased to bedrock, and the rock core is now being logged.  View PDF

The first drill hole will drill through the Brunswick “Porphyrite” Block and terminate in the surrounding serpentinite which hosts the Idaho mineralization. The first hole is expected to pierce a number of Brunswick style gold-quartz veins and stock-work zones. The end of hole target is the downward extension of the Idaho #1 Vein. Past production of the Idaho #1 Vein is estimated at 935,000 oz gold at an average mill head grade of 38.6 gpt gold.

The Company is drilling a series of widely spaced holes to test a target area on the western side of the I-M Deposit below the area where the historic operator ceased operations upon the mine’s shutdown in 1942 and 1955. Details on the drilling program were previously disclosed by news release on September 21st 2017.

The Company will provide further updates on results as drilling progresses to depth.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

closes first tranche

Rise Closes First Tranche of Private Placement

Sep 26, 2017
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Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that it has closed the first tranche of the non-brokered private placement announced in its August 24, 2017 news release (the “Fi-nancing”).

The Company has raised a total of $1,061,571 through the sale of 7,077,140 units (each a “Unit”) at $0.15 per Unit where each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”).  Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.25 until September 25, 2019.  The Company will pay a finder, fees in accordance with CSE policies of a total of $540 and issue a total of 3,600 find-er’s warrants (each a “Finder’s Warrant”) where each Finder’s Warrant entitles the holder to acquire one Share at a price of $0.15 until September 25, 2019.

The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securi-ties laws and may not be offered or sold in the United States except in compliance with ex-emptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise is an exploration-stage mining company.  The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA.  The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past pro-duction of 2,414,000 oz of gold from 1866-1955.  Rise is a US corporation incorporated in Ne-vada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

upcoming exploration program

Rise Provides Details of Upcoming Exploration Program at Idaho-Maryland

Sep 21, 2017
(Show News Item)
  • Exploration Drilling at Idaho-Maryland to commence within 6 weeks
  • Targeting Idaho #1 Vein with past production of 935,000 oz gold at an average mill head grade of 38.6 gpt gold

Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to provide further details on the upcoming exploration drilling program at the Idaho-Maryland (“I-M”) Gold Project located in Nevada County, California.

The Company plans to commence diamond drilling in October 2017. The Company will drill a series of widely spaced holes to test a target area on the western side of the I-M Deposit below the area where the historic operator ceased operations upon the mine’s shutdown in 1942 and 1955.

The exploration target sits at the approximate depth of the lowest level of the mine, the B3280 Level, or 1000 m vertical depth below surface. The New Brunswick Shaft extends from surface to this lowest level.

The Company’s goal with the initial drilling program is to demonstrate that significant new discoveries and definition of high-grade mineral resources can be achieved through exploration drilling from surface.

The Company will utilize the wealth of detailed historical geological information and its advanced digital model to target mineralized zones. The Company plans to utilize directional drilling techniques to ensure drilling intersects these targets accurately and to drill multiple branch holes to substantially reduce the total amount of drilling required to test the targets.

The Company will engage Devico AS to perform directional drilling services. Devico has more than 25 years experience with directional core drilling and is the global market leader in providing directional coring services. Devico has provided services to many major exploration programs, including Agnico-Eagle’s Kittila mine where it is used extensively in their ongoing exploration drilling program.

Each mother hole will have an average length of ~1,230 m with numerous veins and stockworks zones to be tested starting from ~930 m drill hole depth to the end of the hole. Several branch holes will be drilled from the mother-hole to substantially reduce the total overall amount of drilling required.  Each drill-hole will test multiple mineralized horizons as follows:

  1. Exploration of Idaho #1 Vein Target
    • Historic drifting at the lowest mine level was abandoned in high-grade mineralization in 1942 as a result of the War Production Board order to close all major gold mines.
    • Historic channel samples include 481 gpt gold over 1.2 m, 142 gpt gold over 2.5 m and 21 gpt gold over 4.5 m.
    • Past production of the Idaho #1 Vein is estimated at 935,000 oz gold at an average mill head grade of 38.6 gpt gold.
  2. Potential for wide diabase mineralization adjacent to Idaho #1 Vein.
    • Diabase dike in hanging wall of Idaho #1 Vein is known to be mineralized locally.
    • Wide zones of lower grade mineralization adjacent to high-grade quartz vein have potential to significantly increase the mineable width of the Idaho #1 Vein.
    • Historic intercepts in mineralized diabase adjacent to #1 Vein include drillhole I2400 8 which assayed 2.7 gpt gold over 5.9 m and drillhole I2400-40 which assayed 3.7 gpt gold over 11.9 m.
  3. Discover new “Brunswick-Style” mineralization below 52 Vein / 60 Winze Area.
    • New discovery of extensive mineralized veins and stockworks in the 52 Vein area by historic operator in 1941 on the I2700 Level prior to World War II government ordered shutdown.
    • 52 Vein area is located approximately 240 m from contact of the Brunswick Block.
    • Potential for the discovery of multiple new veins and stockwork zones in the region below the 52 Vein extending to the contact of the Brunswick Block and the Idaho #1 Vein.
  4. Follow-up historic intercepts I2400-30 and I2400-31.
    • In 1949 the historic operator drilled two holes above and to the west of the 52 Vein area but did not develop the area due to lack of mining infrastructure in the area.
    • Historic drillhole I2400-31 assayed 16.5 gpt gold over 9.2 m.
    • Historic drillhole I2400-30 intersected two veins which assayed 4.1 gpt gold over 6.1 m and 5.4 gpt gold over 13.3 m.
    • Further drilling in this area will provide information on the orientation and extent of these mineralized quartz veins.

General Description of the I-M Deposit

The central feature of the I-M Deposit is the Brunswick Block; a massive, wedge-shaped, block of “greenstone” rock which tapers at depth. The Brunswick Block is bounded on three sides by three major faults; the 6-3 fault to the east, the Idaho fault system to the north, and the Morehouse fault to the west. These three faults are the contact between the Brunswick Block and the serpentinite rock that surrounds it.

The three major faults are believed to be the locus of the mineralization of the I-M Deposit. There are two types of mineralization at the I-M Deposit. Idaho-style mineralization is located on the outside perimeter of the Brunswick Block and hosted in serpentinite. Brunswick-style mineralization is located on the inside perimeter of the Brunswick Block and hosted in the “greenstone” block itself.

Idaho style mineralization generally consists of singular continuous quartz veins which are hosted in serpentinite and closely wrap around and mirror the shape of the Brunswick Block. The Idaho style mineralization is of remarkable grade and 2/3rds of the gold mined at I-M has come from the Idaho veins. Past production from the Idaho veins is estimated at 1,621,000 oz gold at an average mill head grade of 28.4 gpt gold.

Brunswick style mineralization is hosted in the Brunswick Block itself and radiates into the block from the bounding major faults. The most intense mineralization is commonly found within 150 m of the contact and important mineralization is typically located with 300 m of the contact. Many parallel and connecting veins make up the Brunswick vein system and veins are often accompanied by extensive stockwork zones adjacent to the solid quartz veins. Significant production from the Brunswick style did not commence until late in the mine’s history. Past production from the Brunswick style is estimated at 793,000 oz gold at an average mill head grade of 9.3 gpt gold with the great majority of this production after 1936.

Exploration of the Idaho #1 Vein

The exploration drill will be sited on Company owned land, west of the New Brunswick shaft. This position is roughly in the centre of the Brunswick Block. Drillholes will be drilled through the Brunswick Block and into the serpentine rocks which host the Idaho-style mineralization.

The end-of-hole target will be directly underneath the historic Idaho #1 Vein workings. The #1 Vein was the best mineralized of the Idaho veins with historic production estimated at 935,000 oz gold at an average mill head grade of 38.6 gpt gold. The lowest level of historic production on the #1 Vein by the historic operator was on the I2400 Level. By late 1941 the historic operator completed a major capital project by completing the 45 Winze, an inclined shaft and hoist, in order to reach the I2400 Level. They quickly located the western end of the #1 Vein and drifted in mineralization for 165 m before being forced by the US government to shut down in 1942, with the face still in mineralization. Historic channel samples from this drifting assayed up to 481 gpt gold over 1.2 m, 142 gpt gold over 2.5 m and 21 gpt gold over 4.5 m.

The historic mine operator never returned to the #1 Vein after the 1942 shutdown, despite the strong recommendations to do so from its geological staff. After World War II ended, the company lost access to most of the Idaho workings. In this era of mining, rock bolting for ground support was not common practice, instead the mine operators used timber extensively for ground support in the Idaho Mine. The serpentinite rocks often swell when exposed to air which damaged the rigid timber supports. After WWII, the company could not afford the manpower to repair and maintain this timber support and focused their efforts primarily on the existing developed reserves in the Brunswick Mine.

In late 1953, the company discovered the eastern end of the Idaho #1 Vein by diamond drilling and immediately began drifting in mineralization towards the abandoned face on I2400 West. They completed 76 m of drifting and the heading was stopped in mineralization when the mine ceased all gold mining in 1955. The company was 414 m from completing the connection to the I2400 West when mining stopped. Assuming the #1 Vein is continuous between the west and east drifts, it would have a strike length of 655 m and is open to further exploration at depth.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

extension of land purchase

Rise Announces Extension of Land Purchase Agreement

Sep 20, 2017
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Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) announces that it has negotiated an extension of the remaining payment due for the purchase of the 82-acre parcel of M-1 Industrial land (the “Mill Site” or the “Property”) adjacent to the historic New Brunswick mine shaft in Nevada County, California. The extension of the payment terms will allow the Company to focus its financial resources on the upcoming exploration drill program at the Idaho-Maryland Gold Project. The Mill Site land purchase has previously been disclosed by news releases on August 8th 2017 and April 7th 2107. The Company has invested US$600,000 in the Property to date. The remaining balance of US$1,300,000 payable in four payments over the next year is shown in Table 1.

Table 1 ‐ Payment Schedule for Mill Site Property Purchase

Date
Payment (USD)
Sep 30th 2017
$300,000
Dec 30th 2017
$300,000
Mar 30th 2018
$300,000
Jun 30th 2018
$400,000

The Company believes this land purchase is a valuable addition to the Idaho-Maryland Gold Project.

The Mill Site property is located directly adjacent to the Brunswick Mine shaft where the Company currently owns 37 acres of surface land. The Mill Site land previously hosted a major commercial lumber mill and 55,000 ft2 of industrial buildings until 1991. All buildings have subsequently been removed. The property has a large leveled area of ~40 acres. The Mill Site has a recycle pond which was constructed in 1988 and used to collect spray runoff from the lumber mill. The pond has a surface area of approximately 3.7 acres and a design capacity of approximately 40 acre-feet. The pond is believed to be lined with a single 2 ft layer of clay and was designed by a registered civil engineer.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

private placement

Rise Announces Non-Brokered Private Placement

Aug 24, 2017
(Show News Item)

Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) announces a non-brokered private placement of up to 24,000,000 units at a price of CDN$0.15 per unit for gross proceeds of up to approximately CDN$3,600,000 (the “Private Placement”). Each unit will consist of one share of the Company’s common stock and one non-transferable share purchase warrant exercisable into one additional share of common stock at a price of $0.25 per share for a period of two years from the date of issuance. All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws, including a minimum six-month U.S. hold period. The Company expects to use the proceeds from the Private Placement for the advancement of the Idaho-Maryland Gold Project. The Company may pay finder’s fees to eligible persons in accordance with applicable securities laws and regulatory policies.

The securities offered have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

corporate upadate

Rise Provides Corporate Update

Aug 8, 2017
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Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to provide an update of its corporate activities.

View PDF

The Company has been conducting detailed planning for its upcoming exploration program at the Idaho-Maryland Gold Project. The Company’s upcoming exploration program will be the first significant exploration at the Idaho-Maryland Mine since it was closed in 1956.

The Company will provide a comprehensive update of the upcoming exploration program within the next couple of weeks and is providing an update on other corporate activities in this news release.

Industrial Land Holdings

The Company currently owns 93 acres of M1 zoned industrial land in Nevada County, California which was purchased along with the 2,800 acres of private mineral rights which encompasses the Idaho-Maryland Mine Project. In addition to the 93 acres, the Company has invested US$600,000 into the purchase of an 82-acre parcel (the “Mill Site”) adjacent to the historic New Brunswick mine shaft. A further payment of US$1,300,000 to complete the purchase of the Mill Site is due on September 30th 2017.

The Company will own 175 acres of M1 Zoned Industrial Land upon completion of the Mill Site property acquisition. Rise Gold Corp will be a significant Industrial land holder and will own approximately 18% of the M1 Zoned Industrial land in Nevada County, California.

Divestment of BC Exploration Properties

The Company announces that on July 17th 2017, it returned the exploration stage mineral properties in British Columbia related to the Klondike Gold Corp. (“Klondike”) acquisition announced July 18th 2016. The Company provided a cash payment of $100,000 to Klondike and the agreement has been mutually terminated. There will be no further payments, in relation to the Second Closing, to Klondike which would have required payments of $150,000 in cash, 2,000,000 shares and 1,000,000 warrants.

The Company has now divested itself of all its BC exploration properties and will focus all resources on the development of the Idaho-Maryland Gold Project, located in Nevada County, California.

Debt Settlement

The Company announces that it has settled $95,952.41 in debt by issuance of 417,184 units (each a “Unit”) at $0.23 per Unit where each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”).  Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.40 until May 5, 2019. This debt is related to finders fees on the previous private placement closed on May 8th 2017.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Risegold Campaign

Rise Preparing to Commence Exploration Campaign

Jun 13, 2017
(Show News Item)

Rise Preparing to Commence Exploration Campaign at Idaho Maryland Gold Project

  • Company preparing to commence exploration program in Fall 2017
  • Numerous exploration targets identified in recent Technical Report
  • Long history of dramatic exploration discoveries at the Idaho-Maryland Mine

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that preparations are underway to commence an exploration diamond drilling campaign at the Idaho-Maryland Gold Project.

The Idaho-Maryland Mine has a long history of dramatic discoveries.

In 1851, an outcrop of white quartz containing only low-grade gold values was discovered on the Eureka mining claim. Twelve years after the discovery of this outcrop, the operators of the Eureka Mine sunk a shaft 30 m (100 ft) deep and discovered the rich shoot of the #1 Vein. This major discovery led to the production of 935,000 oz of gold from a single continuous vein, the #1 Vein, at an average mill head grade of 39 gpt gold from 1866 to 1901. Our previous news release dated April 4nd 2017 provides the details of past production at the I-M Mine and is available on www.sedar.com.

In 1925, the Metals Exploration Company lost faith and abandoned the mine after tunneling to within 3 meters of the high grade #3 Vein. As a strong believer in the Idaho-Maryland Mine, Errol MacBoyle acquired the property and soon thereafter discovered the #3 Vein. This life-changing discovery brought huge wealth to the shareholders and the community and was the catalyst for the Idaho-Maryland Mine becoming the highest producing gold mine in the State of California by 1938.

The historic mining company continued to make new discoveries until the operation was forced to close in 1942 in response to the order of the War Production Board and again in 1956 due to the fixed price of gold.

Our recent Technical Report on the Property, authored by Amec Foster Wheeler, is available on the Company website and on www.sedar.com. Numerous exploration targets have been identified at the project as previously disclosed in our news release date June 1st 2017.

Rise CEO, Benjamin Mossman, commented, “After months of work reviewing the mine documents and the recent completion of our Technical Report, our confidence in the Idaho-Maryland Gold Project has only become stronger. It is truly remarkable that a project such as this could have laid idle for over 60 years without a single exploration hole being drilled underneath the historic mine workings. Our mission is to match the faith and discipline of the past explorers of Idaho-Maryland. With 60 years of technological advancement, our vision is that Rise will make the next major discovery at one of the United States’ greatest past producing gold mines”.

The Company is currently preparing drill sites for commencement of exploration diamond drilling to test the down-dip extensions of the #1, #3 and other significant past-producing veins at the Idaho-Maryland Mine. The Company anticipates that drilling will commence this fall. The Company is currently establishing offices and facilities in California and expanding its staff to manage and conduct the exploration program.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold mine is one of the United States’ greatest past producing gold mines with total past production of 2.4 Moz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp

For further information, please contact:

RISE GOLD CORP
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130

Benjamin Mossman, P.Eng, CEO of the Rise Gold Corp, is the Qualified Person responsible for the content of this news release. The CSE has not reviewed, approved or disapproved of the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

rise exploration

Rise Identifies Numerous Exploration Targets at I-M Mine

Jun 1, 2017
(Show News Item)
  • NI43-101 Technical Report by Amec Foster Wheeler completed.
  • Numerous exploration targets identified at Brunswick Mine below 1600 ft (488 m) depth.
  • “Rose Garden” 23 Vein was discovered just prior to WWII shutdown and work never recommenced.
  • Large exploration target (Crackle Zone) for mineralized gold-quartz stockwork at depth.

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) announces the completion and results from its study of historic mine workings and geology at the past producing Idaho-Maryland Mine (the “I-M Mine”), located in the very productive Grass Valley District of northern California.

The Company is pleased to announce the completion and filing on SEDAR of an independent geological report prepared in accordance with National Instrument 43-101 pertaining to the Idaho-Maryland Gold Project. The Technical Report on the Idaho-Maryland Project Grass Valley California, USA (the “Report”) was completed by Amec Foster Wheeler Americas Limited “Amec”, an industry leader in global mining solutions. The Report dated effective June 1st 2017, was authored by Mr. Greg Kulla, P. Geo, a Principal Geologist with Amec.  The Report is available on the Company website, www.risegoldcorp.com, and on www.sedar.com.

The Report identifies numerous exploration targets in and around the historic I-M Mine workings which warrant further evaluation to determine their importance. The most significant exploration targets identified at the Idaho-Maryland Gold Project are in untested ground below the historic mine workings. These targets are the Idaho #1 Vein, Crackle Zone, Brunswick, and 3 Vein System.

The I-M Project hosts numerous exploration targets that warrant drilling and the exploration of these targets will require a significant drill program. These targets range from vertical depths of 1,600 ft (488 m) to 5,000 ft (1,524 m).
A summary of the major exploration findings of the Report are presented in this news release. Readers are recommended to refer to the Report to review figures and tables describing the exploration targets.

Crackle Zone

The Crackle Zone exploration target is a conceptual target based on an idea proposed by consulting geologist, Alan Bateman, that mineralizing fluids responsible for the gold mineralization encountered at the Idaho-Maryland Mine may have formed a zone of intense quartz veins and stockwork within the Brunswick Block in response to the interaction of the Idaho, 6-3, and Morehouse Faults.

In 1948, Alan Bateman spent a month at the I-M Mine studying the geology and mine workings. Alan Bateman was a highly-regarded economic geologist during this era and a graduate of and professor at Yale University.

Bateman prepared a summary of his geological findings and theories of mineralization in his 1948 Report. Bateman described how the three main bounding faults of the Brunswick “Porphyrite” Block, which hosts the Brunswick mineralization, converge at depth resulting in the tapering or narrowing of the Brunswick Block. Bateman believed that as the block narrowed at depth it would be subject to more fracturing and that a large crackled zone could exist. Based on Bateman’s theories of mineralization he believed that the mineralizing solutions would have to pass through this crackled zone and possibly may have formed a large-scale stockwork mineralized body.

The Crackle Zone target generally lies beneath all historic development and drilling but quartz vein and stockwork-hosted gold mineralization identified by drilling, development, and mining of the 52 Vein and 60 Winze area on the I2700 level may represent portions or extensions of this target.

The 52 Vein was discovered during exploration and development across the Brunswick Block from the Idaho #2 Vein to the Morehouse Fault. Extensive stoping of the 52 Vein occurred over an area of approximately 850 ft (259 m) dip-length and 400 ft (122 m) strike-length. A change in stope direction near the inferred Morehouse Fault observed on level plans may indicate the orientation of the 52 Vein was influenced by the Morehouse Fault.  The 60 Winze explored the 52 Vein over a down-dip length of approximately 460 ft (140 ) until the vein pinched into fault gouge at the I2830L.

Historic operators collected 77 channel samples, taken on both walls of the 60 Winze at an average spacing of approximately 6 ft (1.8 m). The weighted average of all channel samples was 0.45 oz/ton Au (15.5 gpt) over a 5.0 ft (1.5 m) width and ranged as high as 2.28 oz/ton Au (78 gpt) over a 5.8 ft (1.8 m) width.

Numerous historic diamond drill holes and historic records suggest that an extensive amount of stockwork mineralization of unknown grade is present in the walls of the 52 Vein. The historic diamond drilling was completed at less than optimal angles to the mineralization, typically down dip and along strike. Historic drill hole I2400-31 intersected 0.48 oz/ton Au (16.5 gpt) over 30 ft (9.1 m). This intercept is located approximately 410 ft (125 m) up-dip from the top of the stoping of 52 Vein on the 2700 level and may represent an up-dip extension of 52 Vein.  Drill hole I2400-30 intersected an interval of 0.12 oz/ton Au (4.1 gpt) over 19.9 ft (6.1 m) and an interval of 0.16 oz/ton Au (5.4 gpt) over 43.7 ft (13.3 m). These mineralized intercepts may represent mineralized stockworks or veins in the footwall of the main 52 Vein. The true width of these intercepts cannot be estimated as there is insufficient data to confirm the orientation of the mineralization.

The Crackle Zone target forms a wedge-shaped area 2,000 ft (610 m) wide and 500 ft to 100 ft (150 m to 30 m) thick at the I2700 Level and plunging as much as 5,000 ft (1,520 m) to the southeast where it pinches out against the intersection of the Idaho, Morehouse, and 6-3 Faults. Within this zone, gold mineralization may occur in shallow dipping quartz veins and irregular quartz vein stockworks in metavolcanic rocks that may be highly fractured due to the interaction of the Idaho, Morehouse, and 6-3 Faults as proposed by Bateman.

Brunswick Mine

The historic Brunswick Mine offers many areas with potential for discovery of mineralization, particularly the extension of the Brunswick veins below the existing stopes and in an untested area in the immediate footwall of the 6-3 Fault.

At least seven major Brunswick veins are essentially unexplored below the 1600 Level. These sub-parallel, vertically dipping mineralized veins were extensively mined above the 1600 Level along strike lengths ranging from 430 ft (131 m) to 1,000 ft (305 m) over vertical distances reaching up to 1,000 ft (305 m). The Brunswick veins generally range from several inches up to 8 ft (2.4 m) in width. Below the 1600 Level, development is limited to the 1880, 2300 and 3280 levels; the 3280 Level is the deepest level in the Brunswick Mine. Two of the major veins (10 Vein and 16 Vein) were partially explored and locally exploited below 1600 Level, while five of the seven major veins (30 Vein, 18 Vein, 128 Vein, 31 Vein, and 1 Vein) have received only minimal or no exploration below the 1600 Level.

In the Brunswick Mine, the richest mineralization was typically found near the 6-3 Fault. Below the 1600 Level, development in the southern region of the Brunswick Mine deviated to the west, away from the 6-3 Fault leaving a region of unexplored ground in the footwall adjacent to the fault approximately 500 ft to 1,000 ft (152 m to 305 m) thick, 1,000 ft to 2,000 ft (305 m to 610 m) wide, and 1,000 ft to 3,000 ft (305 m to 914 m) down-dip.

3 Vein System Exploration Target

The Idaho #3 Vein was mined continuously over a vertical distance of approximately 1,500 ft (460 m) and an average horizontal strike length of approximately 700 ft (210 m). There were several important veins which splayed from the main #3 Vein, forming the larger 3 Vein System. The most important of which were named the 5 Vein, 13 Vein, and 22 Vein. The 3 Vein ranged in dip from 45° to 70°, with an average inclination of approximately 55°. An average vein width of approximately 5 ft (1.6 m) was typical but in places reached widths of over 20 ft (6 m).

Similar to the Idaho #1 Vein, the diabase dikes adjacent to the quartz veins were found to be mineralized in many areas. There were some areas in the 3 Vein System where highly mineralized diabase was mined in important volumes. For example, the occurrence of mineralized diabase adjacent to the quartz vein in the 13 Vein on Idaho 1250 Level allowed mining widths of up to 36 ft (11 m).

In addition to the down-dip potential of the 3 Vein System there is potential for discovery of mineralization within the serpentinite unit.

In 1940, mineralization was intersected by exploration drifting 2,000 ft (610 m) east of the #3 Vein on the I2000 Level. The mine operator was following the Idaho #5 Vein towards the 6-3 Fault and located the 23 Vein by diamond drilling. This area, known as the 23 Vein or Rose Garden, dips to the northwest as opposed to the southwest and is hosted entirely in serpentinite.  The 23 Vein was followed along strike to the southwest and was found to intersect the 6-3 Fault.

The Rose Garden is hosted entirely in serpentinite and is quite narrow but was noted to contain abundant visible gold. Historic operators called this zone the “Rose Garden” due to the poor ventilation in the dead-end heading resulting from the long distance from the main level access. In February 1941, development of an exploration raise (#1 Raise) commenced on the 2000 Level; #1 Raise was developed 90 ft (27 m) along the dip of 23 Vein. In June 1942, downward development of the 23 Winze commenced in the same location. The 23 Winze was halted in October 1942 due to the war time closure after reaching a vertical depth of 85 ft (26 m) below the Idaho 2000 Level. Mine geologists reported that the quartz at the bottom of 23 Winze was of “good assay value” and recommended that development of the winze and sub-drifting from the winze be recommenced after the wars duration. During the war, the access tunnels to this area became inaccessible and no work was ever recommenced in the Rose Garden. An effort to re-access the area in 1951 was attempted but was subsequently abandoned due to insufficient resources.

Historic mine operators collected 40 channel samples in the 23 Winze which averaged 0.42 oz/ton Au (14.3 gpt) over a 3.5 ft (1.1 m) width, with values up to 0.80 oz/ton Au (27 gpt) over a 7.8 ft (2.4 m) width and 5.36 oz/ton Au (184 gpt) over a 1.1 ft (0.3 m) width.

In the #1 Raise, historic mine operators collected 31 channel samples. Samples in the #1 Raise averaged 0.96 oz/ton Au (33.1 gpt) over a 1.9 ft (0.6 m) width with values up to 1.74 oz/ton Au (60 gpt) over 4.5 ft (1.4 m) and 14.10 oz/ton Au (483 gpt) over 0.5 ft (0.2 m).

There are no historic exploration drill holes or mine workings which explore the area below the 23 Vein. However, on the 3280 Level there are several promising historic mineralized drill intercepts in the general area below the Rose Garden which may be related and indicative of exploration targets in the area. In 1951, drill hole B3280-08 intersected 0.28 oz/ton Au (9.6 gpt) over 9.0 ft (2.7 m) in mineralized diabase and drill hole B3280-09 intersected 0.07 oz/ton Au (2.5 gpt) over 26.5 ft (8.1 m) and 0.17 oz/ton Au (5.8 gpt) over a 7.8 ft (2.4 m) width, both of which were in serpentinite. These drill holes are located approximately 1350 ft (410 m) horizontally to the southeast and 1,650 ft (500 m) vertically below the 23 Vein winze. The true width of mineralization cannot be estimated as there is insufficient information to determine the orientation of the mineralization with certainty.

The 23 Vein at the Rose Garden appears to be unusually strong for a vein hosted completely in serpentinite. There may be a relationship between the 23 Vein and the 6-3 Fault and this area is virtually unexplored both to depth and upwards towards the surface. Drillhole intercepts below the 23 Vein on the Brunswick 3280 Level are interpreted to be a parallel or related structure to the 23 Vein as they are in a similar position relative position to the 6-3 Fault.  This area presents a new exploration target within the serpentinite surrounding the Brunswick Block, specifically in areas where the fault or other related structures may intersect brittle rocks such as diabase dikes.

#1 Vein

The #1 Vein exploration target has been disclosed previously in a Rise Gold Corp news release dated April 6th 2017.
The #1 Vein exploration target is an area below the current workings of the Idaho #1 Vein. Stoping in the prolific #1 Vein did not continue below the Idaho 1500 Level and based on limited historical mapping from this area, it appears that the mineralization pinched out below the Idaho 1500 Level. Very little exploration and development took place on the #1 Vein after the first mine closure in 1901. In 1922, the 87 Winze was driven to the Idaho 2350 Level. Drift development on the Idaho 2350 Level intersected typical diabase dike hanging wall and serpentinite foot wall rock but mineralization was reported to be very narrow.  The area was not further explored until 1942 when the major capital project, including sinking the new 45 Winze within the serpentinite wrapping around the nose of the Brunswick Block, was completed to the Idaho 2400 Level.

In 1942, the I-M Mine completed 540 ft (165 m) of development in well mineralized quartz along the Idaho 2400 Level West. Numerous channel samples were taken over the 540 ft (165 m) length. A total of 89 channel samples, taken in the quartz vein at a spacing of approximately 6 ft show a weighted average grade of 1.58 oz/ton gold (54 gpt) over an average width of 1.79 ft (0.5 m). A total of 68 channel samples from the vein wall show a weighted average grade of 0.19 oz/ton Au (7 gpt) over an average width of 4.57 ft (1.4 m). Development of the Idaho 2400 West heading was halted in August 1942 due to the war time shutdown. Access to the area was lost due to the shutdown and no development occurred in this area subsequent to the war.

The I-M Mine completed 250 ft (76 m) length of drifting on the Idaho 2400 Level East. Development was halted in 1939 due to the inability to locate the vein. Development on the east side remained idle until October 1953 when the vein was located by diamond drilling. Development of the Idaho 2400 East continued until March 1954 just before the mine was closed. At the time of shutdown, reports indicate that the vein and the adjacent diabase dike were “well mineralized” over a width of approximately 30 ft (9 m).

Benjamin Mossman, P.Eng is the Qualified Person responsible for the content of this news release.

About Rise Gold Corp.

Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA.  Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

private placement

Rise Closes $2M Private Placement

May 8, 2017
(Show News Item)

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that announce that it has closed the non-brokered private placement announced in its April 11, 2017 news release ease (the “Financ-ing”).  The Financing was slightly oversubscribed as the Company received a very positive re-sponse from investors.

The Company has raised a total of $2,072,257 through the sale of 9,009,814 units (each a “Unit”) at $0.23 per Unit where each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”).  Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.40 until May 5, 2019.  The Company will pay find-ers’ fees in accordance with CSE policies of a total of $101,772 and issue a total of 442,489 finders’ warrants (each a “Finders’ Warrant”) where each Finders’ Warrant entitles the holder to acquire one Share a price of $0.40 until May 5, 2019.

The Company also announces that is has dropped its option on the Indata BC property that it held with Eastfield Resources Inc.

This press release does not constitute an offer to sell or a solicitation of an offer to buy se-curities in the United States.  The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securi-ties Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA.  Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

new boe

Rise Appoints Alan Edwards and Tom Vehrs to Board of Directors

Apr 21, 2017
(Show News Item)

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that Mr. Alan Edwards has been appointed a Director and Chairman of the Board of the Company. The Company is also pleased to announce the appointment of Dr. Thomas Vehrs as a Director of the Company.

Mr. Alan Edwards is an experienced executive and engineer with over 35 years of experience in the mining industry. Mr. Edwards was the General Manager for three major mining operations in the United States and the Senior Vice President of Operations for Freeport Indonesia where he was responsible for the leadership of a workforce of over 6,000 employees. Mr. Edwards served as the Vice President Operations for Kinross Gold Corporation and as the Chief Operat-ing Officer for Apex Silver Mines where he directed the successful construction of the $675M San Cristobal Mine in the difficult political climate of Bolivia. Mr. Edwards has served on nu-merous boards of public companies including as Chairman of AuRico Gold Corporation during a period of extensive growth which culminated into a successful US$1.5B merger with Alamos Gold. Mr. Edwards holds an MBA and a Mining Engineering degree from the University of Arizona.

Dr. Thomas Vehrs is a highly regarded and experienced exploration geologist with over 40 years of experience in the Americas. During his career, Dr. Vehrs has conducted and managed numerous exploration programs resulting in the discovery and delineation of major copper, gold and silver deposits, including the Los Pelambres porphyry copper deposit in Chile, the Northumberland sediment-hosted gold deposit in central Nevada, the Rio Blanco porphyry cop-per deposit in northern Peru and orogenic gold deposits in Central Guatemala. For the past ten years, Dr. Vehrs held the position of Vice President of Exploration for Fortuna Silver Mines and was responsible for the development and execution of exploration programs at the Cayl-loma Mine in Peru and the San Jose Mine in southern Mexico. During this period, Fortuna Sil-ver Mines was successful in expanding the resources, reserves and production rate at the San Jose Mine resulting in a market capitalization in excess of $1 B. Dr. Vehrs holds a Ph.D. in ge-ology from Syracuse University and served as an officer in the U.S. Army Corps of Engineers.

The Company announces that Mr. Fred Tejada has resigned as President, Secretary and Director of the Company and announces that Mr. Brad Scharfe has also resigned from the board of di-rectors. The Company thanks Mr. Tejada and Mr. Scharfe for their excellent work in the suc-cessful acquisition of the Idaho-Maryland Gold Project. Mr. Benjamin Mossman will remain as CEO and Director and has been appointed President of the Company. Mr. Cale Thomas will remain as CFO and Director and has also been appointed Secretary of the Company.

In connection with their appointments, the Company announces the grant of 500,000 incentive stock options to Alan Edwards and the grant of 400,000 incentive stock options to Tom Vehrs at an exercise price of $0.28 per share for a period of 3 years.

About Rise Gold Corp.

Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA.  Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

Rise

Rise Recommences Trading on CSE Under New Symbol Rise

Apr 11, 2017
(Show News Item)

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE (formerly UPP), OTC: RYES) (the “Company”) announces that it will recommence trading on the Canadian Securities Exchange (the “CSE”) at market open this morning, April 11, 2017 under its new symbol, RISE.

The Company’s trading symbol on the US OTC market will remain RYES.

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About Rise Gold Corp.

Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Benjamin Mossman
CEO and Director
Rise Gold Corp.

For further information, please contact:
RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

Rise

Rise Announces Private Placement

Apr 11, 2017
(Show News Item)

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTC: RYES) (the “Company”) announces a non-brokered private placement of up to 8,700,000 units at a price of $0.23 per unit for gross proceeds of up to approximately $2,000,000 (the “Private Placement”). Each unit will consist of one share of the Company’s common stock and one nontransferable share purchase warrant exercisable into one share of common stock at a price of $0.40 for a period of two years from the date of issuance. All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. The Company expects to use the proceeds from the Private Placement for general working capital purposes. The Company may pay finder’s fees to eligible persons in accordance with applicable securities laws and regulatory policies.

View PDF

About Rise Gold Corp.
Rise is an exploration stage mining company. The Company’s principal asset is the historic past
producing Idaho-Maryland Gold Mine located in California, USA. Rise was incorporated in
Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Benjamin Mossman
CEO and Director
Rise Gold Corp.

For further information, please contact:
RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

rise

Rise Announces Change of Name and Trading Symbol on CSE

Apr 7, 2017
(Show News Item)

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE (formerly UPP), OTC: RYES) (the “Company”) announces that the Company has completed its name change to Rise Gold Corp. and that the Company trading symbol on the Canadian Securities Exchange (the “CSE”) has been changed to RISE (CSE:RISE). To effect this change, trading on the CSE will be temporarily halted until official confirmation of CDS and DTC eligibility is received. Notification is expected to be received shortly at which time the Company’s shares will resume trading on the CSE. The Company’s trading symbol on the US OTC market will remain RYES.

Read PDF

About Rise Gold Corp.
Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Benjamin Mossman
CEO and Director
Rise Gold Corp.

For further information, please contact:
RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

rise

Rise Announces Name Change to Rise Gold Corp.

Apr 7, 2017
(Show News Item)

Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”) announces that it has changed its name to “Rise Gold Corp.” effective immediately. The Company will issue a further news release to advise when it will commence trading under its new name and trading symbol on the Canadian Securities Exchange (“CSE”).

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The Company also announces that it has granted 500,000 stock options to John Anderson, a director of the Company, pursuant to its stock option plan. Each option vests immediately and is exercisable into one share of the Company’s common stock at a price of $0.27 per share until April 3rd, 2022.

Property Purchase Agreement Extension

The Company also announces that it has extended its agreement to purchase 82 acres of land (the “Mill Site”) in Grass Valley, California, USA.

The Company has paid a total deposit of USD$300,000 to the vendor in exchange for the rights to purchase the Mill Site for an additional USD$1,600,000 on or before June 30th, 2017 (the “Land Acquisition”).

The Mill Site is located directly adjacent to the Brunswick Mine shaft where the Company currently owns 37 acres of surface land. The site was used for a commercial saw mill until 1991 and all buildings and machinery have subsequently been removed. The Mill Site has a leveled area of ~40acres and a 4-acre settling pond. The settling pond is adjacent to the Brunswick Mine shaft.

The Company believes that this additional surface land will be complementary to the exploration and future development of the Idaho-Maryland Gold Project. The Company is currently conducting due diligence on the acquisition.

The Company has prepared a map showing the features of the land in the Brunswick area which is posted to the Company website and can be downloaded from the following link.

https://riseg.sharefile.com/d-s5523d31dc894465a

Promissory Notes

The Company announces that it has issued promissory notes (the “Notes”) for a total of CDN$220,000 to various arms-length parties. The proceeds of this issue were used in conjunction with the Land Acquisition. The Notes accrue interest as a fee of 10% of their face value every 3 months, in advance, and are repayable on June 29, 2017.

About Rise Gold Corp.

Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Resources Inc.

For further information, please contact:
RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risecapitalresources.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

rise

Rise Announces No. 1 Vein Target at I-M Mine

Apr 6, 2017
(Show News Item)

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTC: RYES) (the “Company”) announces #1 VEIN TARGET AT I-M MINE

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  • Two exploration drifts from 1942 show exploration target of #1 Vein to depth.
  • Channel samples assay up to 14.0oz/ton (481gpt) over 3.8ft (1.2m).
  • 89 channel samples average 1.26oz/ton (43gpt) with average width of 2.8’†(0.8m) along vein length of 540ft (165m).
  • #1 Vein produced 935,000 oz gold at a 1.12oz/ton (39gpt) head grade.

In early April, 2017 Rise Gold Corp released results from its study of the #1 Vein and the exploration completed by the historic mine operation for its downward extension. The Company has been compiling and processing the extensive collection of historical data from the Idaho-Maryland Mine (the “I-M Mine”) since the completion of the acquisition announced on January 25th, 2017.

The I-M Mine produced 2,414,000 oz of gold at an average mill head grade of 0.50 oz/ton (17gpt).

The #1 Vein was the first mineralized vein discovered at the I-M Mine and produced 935,000oz of gold at a mill head grade of 1.12 oz/ton (39gpt). The #1 Vein was discovered from outcrop on surface and mined during the period from 1866-1901.

Details of past production at the I-M Mine and is available on www.sedar.com.

On the Idaho 2400 Level (“I2400”) the #1 Vein was being successfully explored from the west and east sides of the Vein before these headings were shutdown.

On I2400 Level West, the #1 Vein was explored over a 540ft (165m) length with 89 channel samples averaging 1.26oz/ton gold (43gpt) with an average width of 2.8ft (0.8m) and assays as high as 14.0oz/ton (481gpt) over 3.8ft (1.2m).

On I2400 Level East, the #1 Vein was explored over a 250ft length and was reported to be “well mineralized.”

Assuming the #1 Vein is continuous between the west and east drifts, it would have a strike length of 2,150ft (655m) and is open to further exploration to depth. There is no drilling or exploration recorded on the #1 Vein below the I2400 Level.

#1 Vein Geological Description

The #1 Vein is a remarkably continuous quartz vein which was mined from surface down to a depth of 1900ft (~600m). The vein has an average horizontal strike length of ~2600ft (800m). With a dip averaging 70 degrees, the solid quartz portion of the vein ranged in width from a few inches to 8 feet with an average width of approximately 3.5 ft (1.1m).

Similar to other veins at the I-M Mine, gold in the #1 Vein occurs primarily as free gold in quartz. Typically, the gold is finely disseminated throughout the quartz but is also found in rich bunches of specimen gold from where hundreds of ounces of gold can be found in a small area. The country rock around the quartz vein normally contains numerous small quartz stringers which, in many cases, also contain coarse free gold. Sulphides make up a minor portion of the vein accounting for approximately 2% of the mass. Sulphide minerals are primarily pyrite although chalcopyrite, galena, and sphalerite are also present.1,2

The #1 Vein is split into two veins at the surface outcrop on the Eureka Claim and is separated by a diabase dike which has a width of 30ft. Only the northern splay was mined until the two veins converged to a point where both splays could be mined together. The dividing dike on the Eureka Claim is often filled with quartz stringers which allowed the entire mass to be mined in areas. The dividing dike varied in width from a few inches to 6ft and extends to approximately the Idaho claim line where the #1 Vein merged into a single solid quartz vein. Along virtually its entire length, the pay shoot of the #1 Vein has a diabase dike on its hanging wall and serpentinite on its footwall. The diabase and the serpentine walls are altered to ankerite, a calcium carbonate mineral closely related to dolomite.1,2

The diabase dike which forms the hanging wall of the #1 Vein is very important to the formation of the pay shoot of the vein. In locations where the vein enters serpentinite it quickly narrows and loses its character.

A cross section showing the typical geology of the #1 Vein was prepared by Lindgren in 1896 and is displayed in Figure 1.

Figure 1 - Cross Section of #1 Vein (Lingren, 1896)

cross section vein1

  1. Lindgren, Waldemar. The Gold Quartz Veins of Nevada City and Grass Valley Districts, California (1896)
  2. Hamilton, Fletcher. Mines and Mineral Resources of Nevada County (1918)
    Figure 1 –†Cross Section of #1 Vein (Lingren, 1896)

#1 Vein and Diabase Dike in relation to Porphyrite Block

The diabase dike and the #1 Vein have a very close relationship to the contact between the Porphyrite Block, which hosts the Brunswick mineralization, and the serpentinite which hosts the Idaho mineralization. The Idaho veins and mine workings closely wrap around the Porphyrite Block.

The diabase dike can either intrude between the serpentinite and the Porphyrite Block or can be offset from the Porphyrite Block and enclosed in serpentinite. In either case the dip and strike of the diabase dike closely matches that of the Porphyrite Block.

Rise prepared maps showing the close relation of the #1 Vein and mine workings to the geometry of the Porphyrite Block. These drawings can be downloaded from the following link:

https://riseg.sharefile.com/d-sd03e6ed73bf4d8b9

I2400 West

Very little exploration and development took place on the #1 Vein after the I-M Mine closed in 1901.

In 1922, the No. 87 Winze was driven to the I2350 Level. Drift development on I2350L along the #1 Vein was reported to be mineralized but was very narrow. The #1 Vein on I2350L had the typical diabase dike hanging wall and serpentinite foot wall.

The area was not further explored until 1942 when the major capital project of sinking the new 45 Winze was completed to the I2400 Level. The mining crews crosscut into the diabase dike on the south side of the Porphyrite Block and followed the contact towards the north. In March 1942 they intersected the #1 Vein and completed 540 ft (165m) of development in the well mineralized #1 Vein.

Numerous channel samples were taken over the 540ft length which are annotated on the geological maps from the time. A total of 89 channel samples, taken at a spacing of approx. 6ft along the vein, show a weighted average grade of 1.26oz/ton gold (43gpt) over an average width of 2.8ft (0.8m) over the 540ft of length developed. Many excellent grading channel samples were taken which range up to 14.0oz/ton (481 gpt) over 3.8ft (1.2m). Highlights from the channel sampling are displayed in Table 1. The complete table of channel samples can be downloaded from the following link:

https://riseg.sharefile.com/d-s51bbb0a120647ed9

Development of the I2400L West heading was halted in August, 1942 due to the war time shutdown. Access to the area was lost after the war and no development ever recommenced in this area.

The opposite wall of the diabase dike and the serpentinite/porphyrite contact were never tested by drifting or diamond drilling. It is possible that a parallel vein or vein sets could be present similar to which occurred to the #1 Vein on the Eureka Claim.

I2400 East

On I2400 Level East, mining crews started development of the #1 Vein in 1939 but development was halted later that year as they were unable to locate the vein. Development on the east side remained idle until October 1953 when the vein was located by diamond drilling. Development of the #1 Vein on I2400L East continued until March 1954 just before the mine was closed permanently. At the time of shutdown, reports indicate that the #1 Vein and the adjacent diabase dike were “well mineralized.” The #1 Vein was explored over a length of 250’ (76m) on the I2400 East.

On I2400L East, the diabase dike adjacent to the #1 Vein is reported to be “well mineralized” over a width of approximately 30ft (9m). Portions of the highest grading diabase dike were mined during past production of the I-M Mine. Two diamond drill holes tested the adjacent mineralized diabase with intercepts of 0.11oz/ton over 40ft (3.7gpt/12m) and 0.08oz/ton over 19ft (2.7gpt/5.9m).

The diabase/porphyrite contact, on the opposite side of the diabase dike associated with the #1 Vein, was tested in one location by a diamond drillhole which assayed 0.37oz/ton over 2.2ft (13gpt/0.7m).

Summary

A plan map showing the #1 Vein exploration on the I2400L and the isometric views of #1 Vein may be downloaded from the following link:

https://riseg.sharefile.com/d-sd03e6ed73bf4d8b9

The #1 Vein exploration target is summarized as follows:

The #1 Vein has produced 935,000oz of gold at a mill head grade of 1.12 oz/ton (39gpt).

Rise

Rise Provides Historic Metallurgical Data for I-M Mine

Apr 5, 2017
(Show News Item)
  • Recoveries derived from 2,011,000 tons of mill feed from 1936-1941.
  • Overall gold recovery of 96.3% reported at I-M Mine during period.
  • 67.5% gold recovery by gravity methods.
  • 27.6% gold recovery by flotation.

Vancouver, British Columbia – Rise Gold Corp. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”) announces the results from its study of metallurgical recoveries from the past producing Idaho-Maryland Gold Mine (the “I-M Mine”).

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The Company estimates the I-M Mine has produced 2,414,000 oz of gold at an estimated average mill head grade of 0.50 oz/ton (17.1gpt). Our previous news release dated April 4th, 2017 provides the details of past production at the I-M Mine. The Company has been compiling and processing the extensive collection of historical data from the I-M Mine since the completion of the acquisition announced on January 25th 2017. The Company has completed a study of the reported metallurgical gold recovery during a period of continuous production from 1936-1941. The Company possesses the original records of the detailed monthly reports for the mineral processing at the I-M Mine from the period of 1936-1941. The Company believes it possesses the complete records of the mine during this period. The I-M Mine’s historical financial statements, which recorded the results from bullion sales, appear to reconcile with the historical production and the reported metallurgical recovery rates included in the historical data that the Company has reviewed.

Total gold recovery from the processing of 2,011,000 tons of mineralized material from 1936-1941 is estimated at 96.3%, of which 67.5% is estimated to have been recovered by gravity methods.

Process Plant
In the period from 1936-1941, the I-M Mine was in full production and processed through two identical process plants located at the two mining operations within the I-M Mine Property, the Brunswick Mine and the Idaho Mine.

The Idaho mineralization had higher gravity gold recovery of 76% versus Brunswick at 64%. The average flotation concentrate grade for Idaho Mine and Brunswick Mine was 3.6 oz/ton and 4.2oz/ton, respectively.

Gold recovery details for the I-M Mine are displayed in Table 1.

Table 1 – Gold Recovery from 1936-1941**
Mined & Milled     Gold Produced    Mill Head Grade*     Gold Recovery
tons  tonnes oz oz/ton  gpt Gravity Flotation
Tails
Leach Total
 Idaho 632,000  573,000 348,000 0.57  19.4 74.0% 21.2% 2.2% 97.4%
 Brunswick 1,379,000  1,251,000 327,000 0.25  8.5 60.8% 34.3% 0.1% 95.2%
Total 2,011,000  1,824,000 675,000 0.35  11.9 67.5% 27.6% 1.2% 96.3%

*The Company has provided an explanation of “Mill Head Grade” in its previous news release dated April 4th 2017.

**Notes regarding the Qualified Person and data confirmation are disclosed at the end of this
news release.

The process plant at the I-M Mine used the following generalized flowsheet during this period:
1) Ore crushed to -5/8”.
2) Grinding using ball mills.
3) Grinding circuit classification with Dorr Classifiers.
4) Undersize from classifier sent to flotation.
5) Oversize from classify to Deister Tables.
6) Deister Tables to separate gravity gold.
7) Table concentrates sent to amalgamation or cyanide plant.
8) Flotation of classifier undersize.
9) Flotation concentrate to cyanide plant.
10) Leaching of sand fraction of tails in Idaho plant only.

Summary

  • Gold recovery from the I-M Mine is reported in detail from the processing of large amounts of mineralized material.
  • The I-M Mine achieved an average total gold recovery of 96.3% during the period from 1936-1941.
  • Gold recovery by gravity methods was reported to be high with an average of 70.1% of gold recovered.
  • The Company believes that technological advances in modern gravity processing equipment might further improve on the amount of gold recovered by gravity methods.
  • Historic flotation concentrates are of attractive grades with an average gold content of 3.9oz/ton (134gpt).
  • Virtually all gold is free milling as demonstrated by the leaching of flotation concentrates and tailings by the mine during past production.

The Company is currently finalizing its work on the geological model and exploration targets at the I-M Mine and expects to provide further information and updates to its shareholders over the coming weeks.

Benjamin Mossman, P.Eng is the qualified person who has verified the historical metallurgical data disclosed in this news release.

Detailed production, processing, and metallurgical data available from the internal records of the Idaho Maryland Mine are available for the period from 1936-1941. Internal mill reports were completed by the operator on a daily, monthly and yearly basis. Metallurgical data was reconciled by the operator to bullion sales. The metallurgical data from the internal documents was transcribed from the monthly reports and reconciled to the annual reports. In general, the Idaho Maryland Mines Co. appears to have been a well-run company with excellent record keeping. It is believed the entire record of mill reports is contained in the library of documents.

Idaho Maryland Mines Co. Mill Reports (1936-1941)

About Rise Gold Corp.
Rise is an exploration stage mining company. The Company’s principal asset is the historic past
producing Idaho-Maryland Gold Mine located in California, USA. Rise was incorporated in
Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Benjamin Mossman
CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

rise

Rise Provides Estimate of Historic Gold Production for I-M Mine

Apr 4, 2017
(Show News Item)
  • Total past production from I-M Mine of 2,414,000oz gold.
  • Average mill head grade of 0.50 oz/ton (17.1gpt) gold.

Vancouver, British Columbia – Rise Gold Corp. (CSE: UPP, OTC: RYES)

(“Rise” or the “Company”) announces the results from its study of production data from the Idaho-Maryland Gold Mine (the “I-M Mine”).

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The Company has been compiling and processing the extensive collection of historical data from the I-M Mine since the completion of the acquisition announced on January 25th, 2017. The Company has completed a compilation of the mine production data of the mine’s operation from 1866 through 1955, the final year of production from the mine. The Company estimates that the I-M Mine produced a total of 2,414,000 oz of gold from 5,298,000 of mill feed and that the life of mine average mill head-grade averaged approximately 0.50oz/ton (17.1gpt). I-M Mine Production The mineralization at the I-M Mine can be divided into two general categories:

  1. Brunswick mineralization is hosted in quartz veins in a distinct block of igneous rock, termed “Porphyrite”.
  2. Idaho mineralization is in quartz veins hosted in serpentinite, which are both wrapped closely around the “Porphyrite Block” that hosts the Brunswick mineralization. Total production for the I-M Mine is detailed in Table 1.

*Notes regarding the Qualified Person and data confirmation are disclosed at the end of this news release.

Idaho Mine

The Company estimates that the Idaho Mine produced 1,621,000oz of gold from 2,193,000 with an estimated average head grade of 0.83oz/ton (28.4gpt), as detailed in Table 1. A single continuous vein, termed the #1 Vein, was mined from 1866-1901. The #1 Vein is estimated to have produced 935,000oz of gold from 978,000   with an estimated average head grade of 1.12oz/ton (38.6gpt).

In 1929, Errol MacBoyle discovered the #3 Vein system which was the catalyst for a dramatic surge in production from 6,000oz gold per year in 1926 to 129,000oz per year by 1940. The #3 Vein system is similar in nature to the #1 Vein but is offset from the #1 Vein.

The #3 Vein and its splays were mined from 1929-1942. Limited mining was completed on the #3 Vein from 1946-1955 due to the loss of access to this area after the war time shutdown. The #3 Vein system is estimated to have produced 686,000oz of gold from 1,215,000 with an average head grade of 0.60oz/ton (20.4gpt).

Metallurgical recovery from the #3 Vein was higher than that of the #1 Vein due to the more sophisticated machinery and processing methods used in the era in which it was mined and processed.

Brunswick Mine

The Company estimates that the Brunswick Mine produced 793,000oz of gold from 3,105,000 at an estimated average head grade of 0.27oz/ton (9.3gpt), as detailed in Table 1.

Errol MacBoyle acquired the Brunswick Mine in 1933 and very quickly made many new discoveries in the mine. By 1940, production from thirteen major veins at Brunswick exceeded that of the Idaho Mine with production of 78,000oz of gold per year at an estimated mill head grade of 0.28oz/ton (9.6gpt).

Brunswick Mine production includes minor production from the Old Brunswick Mine and the adjacent Union Hill Mine, both of which operated before 1918.

Mill Head Grade

The mill head grade is the grade of the mineralized material which is fed into the processing plant to be concentrated into gold bullion. The mill head grade includes mining dilution from un-mineralized rock adjacent to the veins. The mill head grade does not account for metallurgical recovery of gold during the processing of the mineralized material.

Mill head grade accounts for the geometry, continuity, and mining methods for a given deposit and is an important value for mining operations and for comparison between different deposits. For example, a grade reported in a “mineral resource” is an in situ grade without the inclusion of mining dilution or mining recovery which are inherent in all mining operations. A deposit with poor or erratic geometry will likely have considerable mining dilution which will dilute the in situ grade and make full extraction of the valuable minerals more difficult.

For example, for the 2016 Fiscal Year at the Red Lake Mine, Goldcorp Inc. reports a mineral resource grade in the Measured and Indicated category at 19.0gpt gold (0.55oz/ton), a mill head grade of 16.2gpt gold (0.47oz/ton) and a yield after recovery of 15.6gpt (0.46oz/ton).

Information regarding the Red Lake Mine is available on the Goldcorp Inc. website and from www.sedar.com.

I-M Mine Production History from 1926-1955

In 1926, Errol MacBoyle took over management of the I-M Mine and, as President and General Manager, led the mine into its most successful period of production. A graph of production from the Idaho and Brunswick Mines from this period is displayed in Figure 1.

A general history of production of the mine during this period is as follows;

1926 Errol MacBoyle forms Idaho-Maryland Consolidated Mines which acquires the Idaho Mine.
1929 Errol MacBoyle discovers the Idaho #3 Vein at Christmas 1929 which is the catalyst for a major expansion in gold production.
1933 MacBoyle acquires the Brunswick Mine.
1936 New discoveries lead to major expansion in production from the Brunswick mine in subsequent years.
1940 Combined production from both mines reaches 129,000 oz gold production per year.
1941 A one month labor strike and supply shortage due to WW2 impacts mine production. Annual production drops to 114,000 oz gold per year.
1942 Mine ordered to shut down by US government by Limitation Order No. 208.
1943 Errol MacBoyle suffers a stroke which leaves him incapacitated and leads to his eventual death in 1949.
1944 Mine restarts. Loss of access to Idaho Mine and little capital available for exploration and development.
1955 Fixed price of gold at $35/oz and high inflation of costs leads to final shutdown in 1955. Total post war production of 425,000oz gold.

A plan map showing all mine workings and mined areas can be downloaded from the following link:
https://riseg.sharefile.com/d-sb19079893024f168

The Company expects to provide further information and updates to its shareholders over the coming weeks.

Benjamin Mossman, P.Eng is the qualified person who has verified the historical production data disclosed in this news release.

Detailed production information from the internal records of the Idaho Maryland Mine are available for the period from 1926-1955. Whenever possible, mill reports were reconciled against financial statements and submissions to by the company to the US Bureau of Mines. Where reconciliation between documents was possible, only minor variations in production reporting were noted. In general, the Idaho Maryland Mines Co. appears to have been a well-run company with excellent record keeping. The entire library of documents is no longer fully complete but there is sufficient material to make an accurate estimate of historic production during this period. The following materials were used to prepare an estimate during the period from 1926-1955.

Idaho Maryland Mines Co. Financial Statements (1926-1932,1934-1942)
Idaho Maryland Mines Co. Mill Reports (1933-1942, 1946-1950)
Idaho Maryland Mines Co. Final Distributions Sheets (1944,1945)
Idaho Maryland Mines Co. Breakdown of Income and Expenses (1946-1949)
Idaho Maryland Mines Co. Cost Data & Cost Sheets from (1946-1949)
Idaho Maryland Mines Corp. Lode Mine Production Report to US Bureau of Mines (1944-1945,1947-1948,1950,1952,1953,1955)

For the period prior to 1926 there were no internal corporate records regarding historic production. The qualified person believes this information is reliable but the source documents used by the authors of these documents are not available for reconciliation. The following documents were used to prepare an estimate during the period from 1866-1925 Lindgren, Waldemar. The Gold Quartz Veins of Nevada City and Grass Valley Districts, California (1896)
Hamilton, Fletcher. Mines and Mineral Resources of Nevada County (1918)
Clark, Jack. Gold in Quartz: The Legendary Idaho Maryland Mine (2005).

Detailed records of metallurgical recoveries from the I-M Mine prior to 1924 are not available. From 1924-1930 gold recoveries ranged from 72% to 89% using a similar process to that used in the years prior to 1924. Lindgren (1896) estimated that gold mills in the Grass Valley mines averaged 75% metallurgical gold recovery but noted that the I-M mine was unique in that it treated the tailings from its concentrates by secondary processes. The Company has assumed a metallurgical recovery of 85% for the pre-1924 processing at the I-M mine which it believes is the best estimate possible given the information available.

About Rise Gold Corp.

Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Gold Corp.
For further information, please contact:

RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risecapitalresources.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

rise

Rise Engages Skanderberg Capital Advisors for Investor Relations

Feb 7, 2017
(Show News Item)

Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that it has engaged Skanderbeg Capital Advisors Inc. (Skanderbeg”) to provide Investor Relations services. The initial contract with Skanderbeg is for a one-year term with a monthly fee of $7,500. In connection with the foregoing appointment the Company announces the grant of 500,000 incentive stock options to Skanderbeg at an exercise price of $0.33 per share for a period of 3 years.

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Benjamin Mossman, CEO of Rise, commented “We are very pleased to have entered into a partnership with the Skanderbeg team who have developed a great reputation for investor relations in the public markets. Rise has already started an intense effort to process the historical documents from the Idaho-Maryland Mine and looks forward to presenting the results from its studies in the near future,”

The Company also announces that it has closed a non-brokered private placement (the “Financing”). The Company has raised a total of $113,750 through the sale of 455,000 units (each a “Unit”) at a price of $0.25 per Unit where each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.40 until February 6, 2019. In connection with the Financing, the Company agreed to pay finders’ fees of a total of $2,625 and issue a total of 10,500 finders’ warrants (each a “Finder’s Warrant”) where each Finder’s Warrant entitles the holder to acquire one Share a price of $0.40 until February 6, 2019.

Each of the foregoing securities is subject to a statutory hold period of a minimum of six months in accordance with applicable United States and Canadian securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.

Rise is a junior mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA, and its focus is on advanced mineral projects with demonstrated continuity and the majority of its value in precious metals. Rise also has several exploration properties in British Columbia, Canada. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Resources Inc.

For further information, please contact:

RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risecapitalresources.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

rise

Rise Purchases Major Past Producing Gold Mine

Jan 25, 2017
(Show News Item)
  • Rise purchases Idaho-Maryland Gold Mine.
  • Total past production of 2.4M oz gold at 15g/t after dilution and recovery.
  • Production reached 129,000 oz gold per year in 1940 before forced shutdown for WWII.
  • Significant historic mineral resource calculation by previous operator.

Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that it has purchased the Idaho-Maryland Gold Mine (the “I-M Mine”) located near Grass Valley, California, USA. The I-M Mine is a major past producing high grade gold mine. The acquisition represents the exercise of the Company’s option to purchase the I-M Mine first referenced in the Company’s news release dated October 6, 2016.

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Based on historic records, the I-M Mine produced a total of 2.4M oz gold at a grade of 15g/t after mining dilution and recovery. The I-M Mine was reportedly the second largest gold mine in the United States in 1941,1 producing up to 129,000 oz gold per year2 before being forced to shut down by the U.S. government in 1942. At that time, the government deemed gold mining as non-essential to wartime production and shut down almost all gold mines in order to reallocate miners, equipment, and supplies to increase production of base metals necessary for the war effort.

The Company has purchased fee simple land upon which the I-M Mine is situated (the “Property”), which includes approximately 93 acres of surface land and approximately 2,750 acres of mineral rights, for a purchase price of US$2,000,000. The Property includes all of the mineral rights assembled by Errol MacBoyle, a highly regarded mining engineer and a then-prominent mining executive in the United States, and the Idaho Maryland Mines Corporation (“IMMC”) over a thirty-year period from 1920. The Property includes the surface rights at the Brunswick vertical shaft, which extends to over 3,000 ft depth and was the main production shaft for the historic mining operation. The Company owns a 100% interest in the Property and there are no royalties on future gold production.

The I-M Mine was a profitable operation before the forced closure in 1942. In the period from 1937 to 1941 the all-in cost of mining averaged ~US$24 per oz3. The I-M Mine was known for having mineralized veins with remarkable continuity. A single vein, the Eureka Vein, produced ~1M oz gold at a grade of 34g/t after dilution and recovery. The Eureka Vein was continuously mined from surface over a pitch length of 1.6km with strike lengths from 150m-300m. Metallurgical recovery during the late years of production was high and ranged from 94-97% gold recovery.4 Approximately 65% of gold was recovered by gravity processes with the remainder recovered by flotation.

The I-M Mine reached production of 129,000 oz gold per year in 19405 before it was ordered to be shut down by the U.S. government in 1942 due to the onset of World War II. In 1942, just prior to the wartime shutdown, Mr. MacBoyle had completed the installation of a brand new headframe and hoist, crushing plant, and complete refit of the processing plant in order to increase production to 2,000 tons per day6 which would have allowed production of approximately 240,000 oz gold per year.

The I-M Mine was restarted on a commercial basis in 1946 but production was severely impacted by lack of working capital. Prior to the shutdown, from 1936 to 1942, over 96% of post-tax income was reportedly paid out to shareholders as dividends.7 MacBoyle suffered a serious stroke in 1943 and was left partially paralyzed and unable to speak. Proxy battles and dissent among members of the board of directors of IMMC compounded the leadership crisis initiated by MacBoyle’s illness which led to his death in 1949. High inflation of costs after World War II, in conjunction with the fixed price of gold at US$35 per oz, resulted in the cessation of gold production at the I-M Mine in 1954.

Due to the circumstances under which the I-M Mine was shut down, the Company believes there is significant potential for additional gold resources left unmined in the existing workings and exploration potential to expand the mineral resources below the historic mine workings. Included in the sale of the Property are the complete historic records of the I-M Mine. The comprehensive records include thousands of documents and maps which show mine workings, production data, drill results, assays, and other important information.

Approximately 70,000 meters of core drilling and 36,000 assays were completed by IMMC. Historic drill results in unmined areas include assay composites of 16g/t gold over 9m and 6g/t gold over 17m. Chip samples taken in unmined areas range up to 1,375g/t Au (40oz/ton gold).

Emgold Mining Corporation held an option on the I-M Mine Property from approximately 1991 to 2013 and completed a mineral resource calculation which is displayed in Table 1. The Company believes this historic resource estimate is relevant but the Company has not verified the mineral resource calculation. A full analysis of all historic production and sampling data will be required in order to verify the historic mineral resource.

Rise Resources Inc. has not done sufficient work to classify the historical mineral resources estimated for the Idaho-Maryland Property as a current mineral resource. Rise is not treating these historical mineral estimates as a current estimate for mineral resources.

The Company cautions that mineral resources that are not mineral reserves do not have demonstrated economic viability. Rise Resources Inc. has not established mineral reserves supported by a NI 43-101 compliant technical report and feasibility study. The Company cautions readers that production may not be economically feasible.

Benjamin Mossman, CEO of Rise, commented “We have been extremely fortunate to acquire what we believe is a Tier 1 gold deposit. The I-M Project was forced to shutdown due to WWII just when it was reaching its full potential. While other great gold deposits have been discovered and mined out over the last 70 years the I-M Mine has been frozen in time. We are excited by this unique opportunity and feel privileged to be a part of the rich history of the Idaho-Maryland Gold Mine.”

The Company’s immediate plans are to commence work on the historical data from the I-M Mine. Company engineers and geologists will process all of the relevant historical data into a digital database and model. The Company intends to complete a NI 43-101 technical report as soon as possible to analyze and consolidate historic production and exploration work and define priority exploration targets. The Company will also commence preliminary engineering studies to define a strategy towards longer term permitting and production goals.

Private Placement Closed

The Company is also pleased to announce that it has closed the non-brokered private placement announced in its December 28, 2016 news release (the “Financing”). The Company has raised a total of $268,000 through the sale of 1,340,000 units (each a “Unit”) at a price of $0.20 per Unit where each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.40 until January 24, 2019. In connection with the Financing, the Company agreed to pay finders’ fees of a total of $5,220 and issue a total of 26,100 finders’ warrants (each a “Finders’ Warrant”) where each Finders’ Warrant entitles the holder to acquire one Share a price of $0.40 until January 24, 2019.
Concurrent with the closing the Financing, Rise also issued 920,000 Units at a deemed price of $0.20 per Unit to one individual in consideration for introducing the Company to the optionors of the I-M Mine. The Units were issued pursuant to a debt conversion by the individual in the amount of US$140,000, representing a cash commission equal to 7% of the US$2,000,000 purchase price of the Property.

Each of the foregoing securities is subject to a statutory hold period of a minimum of six months in accordance with applicable United States and Canadian securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.

Rise is a junior mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA, and its focus is on advanced mineral projects with demonstrated continuity and the majority of its value in precious metals. Rise also has several exploration properties in British Columbia, Canada. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

Mr. Benjamin Mossman P.Eng, CEO of Rise Resources is the qualified person who reviewed and approved the contents of this news release.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Resources Inc.

For further information, please contact:

RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risecapitalresources.com

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