Rise Gold Intersects 90 gpt Gold over 4.3 meters at Idaho-Maryland
.
Rise Gold Intersects 90 gpt Gold over 4.3 meters at Idaho-Maryland
• New drill intercept in Idaho Vein assays 90.4 gpt gold / 4.27 m (2.6 oz per ton / 14.0 ft)
• New drill intercept includes 458 gpt gold over 0.81 m (13.4 oz per ton / 2.7 ft)
• Additional drilling targeting Idaho #1 Vein currently in progress
• Multiple 52 Vein intersections assayed up to 15.4 gpt gold over 1.63 m (0.45 opt / 5.3 ft)
• A shallow vein near surface assayed 8.5 gpt gold over 2.88 m (0.25 opt / 9.4 ft)
March 19, 2019 – Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE , OTC QB:
RYES) (the “Company”) is pleased to announce additional assay results from on-going diamond
core drilling at the Idaho-Maryland (“I-M”) Gold Project.
The exploration drill program at the Idaho -Maryland continues to be successful . Recent drilling
intersected the Idaho #1 Vein below historic mining areas and intersected the 52 Vein area prior
to reaching the Idaho #1 Vein target. A shallow vein was also intersected at 259 m.
TABLE 1 – New Drill Hole Intercept Highlights
Hole From (m) To (m) Gold
(gpt)
Intercept
Length (m)* Vein
Idaho #1 Vein
I-18-11 1381.86 1384.33 3.6 2.47 Idaho #1
I-19-13 1007.97 1013.09 5.5 5.12 Idaho #1
I-19-13A 1005.31 1009.57 90.4 4.27 Idaho # 1
Including 1008.77 1009.57 458.0 0.81
Near Surface
I-18-11 259.16 262.04 8.5 2.88 ?
Including 261.14 262.04 18.8 0.90
52 Vein Area
I-18-11 975.50 976.70 19.2 1.20 52
I-18-11 992.25 993.88 15.4 1.63 52
Including 992.70 993.22 35.6 0.52
I-18-11 1046.17 1052.58 3.9 6.42 52
I-18-11 1142.33 1144.08 5.4 1.75 52
I-18-12 950.50 960.49 2.6 9.98 52
*The Company is not able to estimate true widths for the intersected mineralization until further drilling is completed.
- 2 -
Very high -grade gold mineralization was encountered in drill hole I -19-13A which assayed
90.4 gpt gold over 4.27 m (2.6 oz per ton / 14 feet). Rise Gold has interpreted this intercept to
represent a significant down-dip extension of the historic Idaho #1 Vein. The intercept in I-19-13A
is near the elevation of the lowest haulage level of the mine accessed by the existing vertical mine
shaft.
FIGURE 1 – Visible Gold in Drill Intercept I-19-13A (in retained half core)
The Idaho #1 Vein was the most productive and highest-grade vein of the I -M Mine. Historic
production from the Idaho #1 Vein is estimated at 935,000 oz of gold with an average head grade
of 38.7 gpt (1.12 opt) gold. Total historic production from the Idaho Veins is estimated at
1,621,000 oz of gold with an average head grade of 28.4 gpt (0.74 opt) gold.
Idaho #1 Vein Drilling
The mineralized intercepts in drill holes I-19-13 and I-19-13A consist of a quartz shear vein and
extensive zones of quartz-sericite-pyrite alteration in the walls of the vein.
• Drill hole I-19-13A was wedged from drill hole I-19-13 and the holes are offset approx.
1.5 meters apart at the vein intersection
• The vein in I-19-13 assayed 5.5 gpt gold over 5.12 m (0.16 opt / 16.8 ft)
• The vein in I-19-13A assayed 90.4 gpt gold over 4.27 m (2.64 opt / 14.0 ft)
• The weighted average of both holes is 44.1 gpt gold over 4.69m (1.29 opt / 15.4 ft)
- 3 -
• I-19-13A includes a sample which assayed 458 gpt gold over 0.84 m (13.36 opt / 2.7 ft)
• The vein in I-19-13A contains coarse visible gold in some samples of retained half core
• A 40 m wide zone of alteration surrounds the vein with an average grade of ~1.5 gpt gold
and individual samples assaying up to 12 gpt gold
Drill hole I-18-11 intersected the Idaho #1 Vein approx. 525 m along strike to the north-west and
200 m below I-19-13A. The intercept consists of a quartz shear vein and extensive zones of quartz-
sericite-pyrite alteration in the walls of the vein.
• The vein in I-18-11 assayed 3.6 gpt gold over 2.47 m (0.11 opt / 8.1 ft)
• A 100 m wide zone of alteration surrounds the vein with an average grade of ~1.1 gpt gold
and individual samples assaying up to 8 gpt gold
• Additional drilling in the area of I-18-11 may reveal coarse gold similar to I-19-13A
Drill hole I-18-13A and I-18-11 are located 120 m and 320 m vertically below the I2400 level, the
lowest level of exploration on the Idaho #1 Vein. Historic drifts were driven from each end of the
vein and reported to be in gold mineralization at the time the mine was shut down.
• I2400L West: historic channel samples of the vein and wallrock average d 19.9 gpt gold
over 1.93 m (0.58 opt / 6.4 ft) for a distance of 165 m to the final shutdown face
• Channel samples include assays up to 481 gpt gold over 1.16 m (14.0 opt / 3.8 ft)
• I2400L East: drifting in the Idaho #1 Vein was reported to be “well mineralized” over a
distance of 76 m to the final shutdown face
Drill hole I-18-12 was designed to test the down -dip extension of the mineralization encountered
in I-18-11 but significantly deviated and did not reach the intended Idaho #1 Vein target.
Rise Gold is currently drilling the Idaho #1 Vein target between I-19-13A and I-18-11 and utilizing
directional drilling to improve the accuracy of drilling and expedite the next intercepts.
A summary of drill hole assay results from recent exploration diamond drilling on the Idaho #1
Vein target are presented in Table 1 and illustrated in Figure 2. A photo of coarse visible gold in
drill hole I-19-13A is displayed in Figure 1.
The Isometric drawing (Figure 2) showing the recent drill hole intercepts in the Idaho area can be
downloaded from the following link.
https://riseg.sharefile.com/d-s8bc52c537474e41a
- 4 -
FIGURE 2 – Idaho Vein Intercepts – Isometric View
- 5 -
52 Vein Area Drilling
Drill holes I-18-11 and I-18-12 drilled though the 52 Vein area en route to the Idaho #1 Vein target.
Important gold mineralization related to the 52 Vein was intersected in drill holes I-18-11 & I-18-
12. The 52 Vein intercepts are located approximately 242 m and 125 m north-east of the previous
drill intercept in drill hole I-18-10.
A similar style of mineralization to I-18-10 was encountered with a wide flat lying shear vein and
high-grade extensional veins in the walls of vein.
Drill hole I-18-10 assayed 149.3 gpt gold over 6.8 m, including 2,190 gpt gold over 0.47 m and
was previously reported by news release on Dec 13th 2018.
https://www.risegoldcorp.com/uploads/content/Dec13RiseGoldIntersects149gptgoldover6.8mete
rsatIdahoMaryland.pdf
The current drill program is focussed on the Idaho #1 Vein target a nd t herefore the 52 Vein
intercepts are incidental to the Idaho #1 Vein drilling . The 52 Vein represents a large and
compelling target for a focussed drilling program in the future.
A summary of drill hole assay results from recent exploration diamond drilling on the 52 Vein
target are presented in Table 1 and illustrated in Figure 3.
- 6 -
FIGURE 3 – 52 Vein Intercepts – Plan View
- 7 -
Quality Control and Assay Methods
Richard Lippoth, M.Sc, CPG, the qualified person for the exploration drill results disclosure
contained in this news release, has studied the drill core discussed in this news release and has
reviewed the analytical and quality control results. Mr. Lippoth has reviewed and approved the
scientific and technical contents of this news release.
Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the historic production
disclosure contained in this news release . 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.
Rise has implemented a quality control program for its drill program to ensure best practice in the
sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and
certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at
intervals based on geological criteria including lithology, visual mineralization, and alteration. The
remaining half of the core is stored on- site at the Company’s warehouse in Grass Valley,
California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab
in Reno, Nevada.
All gold assays were obtained using a method of screen fire assaying. This proced ure involves
screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material
remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish
and reported as the Au (+) fraction result. The –100 micron fraction is homogenized and two sub-
samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material
exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results
is taken and r eported as the Au ( -) fraction result. All three values are used in calculating the
combined gold content of the plus and minus fractions.
About Rise Gold Corp.
Rise Gold is an exploration-stage mining company. 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 is a past producing gold mine with total past production of 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. Rise Gold is 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.
- 8 -
For further information, please contact:
RISE GOLD CORP.
Suite 650, 669 Howe Street
Vancouver, BC V6C 0B4
T: 604.260.4577
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”, “intend”, “believe”, “anticip ate”, “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 a nd 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 unde rtakes no obligation to
update forward-looking statements or information except as required by law.