Rise Gold Announces Significant Permitting Milestone for Idaho-Maryland Mine Project
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Rise Gold Announces Significant Permitting Milestone for Idaho-Maryland
Mine Project
April 29, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the
“Company”) announces the achievement of a critical milestone in the processing of the Use
Permit application to Nevada County for the re -opening of the historic past -producing Idaho-
Maryland Gold Mine.
On April 28 th, 2020, w ith a vote of 5- 0, the Nevada County (“ County”) Board of Supervisors
approved the contract for Raney Planning & Management Inc. (“ Raney”) to prepare the
Environmental Impact Report (“ EIR”) and conduct contract planning services on behalf of the
County for the proposed Idaho-Maryland Mine Project.
Raney will begin work immediately to review the technical studies submitted by Rise with the Use
Permit application and initiate p reparation of the Draft Environmental Impact Report (“ Draft
EIR”).
The County selected Raney after a robust bidding and selection process. A panel of County staff
as well as staff from the City of Grass Valley reviewed submitted proposals independently and the
two most qualified consulting firms were interviewed by the County.
Raney’s primary services include California Environment al Quality Act (CEQA) and National
Environmental Policy Act (NEPA) documentation, air quality and greenhouse gas analyses, land
use planning, and contract planning services. Raney has completed over 1,000 CEQA, NEPA, and
planning related projects, ranging from unique and complex projects necessitating the management
of a multi- disciplinary team of experts to publicly controversial projects requiring involvement
and coordination of project stakeholders and concerned citizens. Raney will be supported by highly
qualified sub-consultants, including West Yost Associates, a California-based firm specializing in
water, groundwater and water treatment.
The details of the Use Permit application w ere previously discussed in the news release dated
November 21st, 2019.
https://www.risegoldcorp.com/uploads/content/Nov21RiseGoldSubmitsPermitApplicationtoReopenIdaho
MarylandGoldMine.pdf
A general outline of remaining milestones in the process to approval of the permit is outlined as
follows;
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1) County planning staff and Raney prepare a Draft EIR which includes holding a public
scoping meeting and public comments on which issues should be covered by the EIR;
2) Draft EIR is published for public comment;
3) Raney publishes a Final EIR which includes responses to public comments on the Draft
EIR; and
4) County decisionmakers review the Final EIR , certify the environmental document and
consider approval of the Use Permit and Reclamation Plan at a public hearing.
The Company’s original estimate of the timeline for the Use Permit process (as previously
discussed in the news release dated November 21st, 2019) is unchanged and the remaining timeline
to approval ranges from December 2020 to May 2021. Ancillary construction and operational
permits would follow as needed.
All technical reports required for the Draft EIR have been submitted to Nevada County.
As previously discussed in the news release dated March 17th, 2020, the submitted technical reports
conclude that the Idaho-Maryland Mine Project has less than significant environmental impacts
after incorporation of mitigation measures. In accordance with CEQA, Raney, the County’s 3rd
party independent consultant , will peer review the t echnical studies and conclusions of the
technical reports and prepare the Draft EIR. The Draft EIR will provide a description of existing
site conditions, project operations, and how the project may impact the existing environment .
Accordingly, the final judgement of the significance of impacts and mitigation measures are
determined by the County in consultation with its independent consultant, Raney. Based on the
results of the t echnical studies, the Company believes the D raft EIR will arrive at similar
conclusions.
https://www.risegoldcorp.com/uploads/content/March17RiseGoldTechnicalReportsShowNoSignificantEn
vironmentalImpactsforIdahoMarylandMineProject.pdf
About Rise Gold Corp.
Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s
principal asset is the historic past -producing Idaho- Maryland Gold Mine located in Nevada
County, California, USA. The Idaho- Maryland Gold Mine produced 2,414,000 oz of gold at an
average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland
Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and
available on www.sedar.com.
On behalf of the Board of Directors:
Benjamin Mossman
President, CEO and Director
Rise Gold Corp.
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For further information, please contact:
RISE GOLD CORP.
333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
www.risegoldcorp.com
The CSE has not reviewed, approved or disapproved 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”, “i ntend”, “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, th ere 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.