{"id":113931,"date":"2017-10-02T17:45:05","date_gmt":"2017-10-02T21:45:05","guid":{"rendered":"http:\/\/countingpips.com\/?p=113931"},"modified":"2017-10-02T17:03:29","modified_gmt":"2017-10-02T21:03:29","slug":"a-tiny-junior-targeting-1-3-moz-high-grade-gold-left-behind-in-the-past-producing-idaho-maryland-mine","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/a-tiny-junior-targeting-1-3-moz-high-grade-gold-left-behind-in-the-past-producing-idaho-maryland-mine\/","title":{"rendered":"A Tiny Junior Targeting 1-3 Moz High-Grade Gold Left Behind in the Past-Producing Idaho-Maryland Mine"},"content":{"rendered":"
October 2, 2017<\/div>
\r\n<\/div><\/div>

By The Gold Report<\/b><\/p>\n

Source: The Critical Investor<\/em> for Streetwise Reports<\/em> \u00a0\u00a010\/01\/2017<\/a><\/b><\/p>\n

The Critical Investor<\/em> profiles a company tackling a gold project in California that halted production when it was nowhere near depletion.<\/p>\n

\"1.jpg\"
\nIdaho-Maryland
\nMine, Nevada County, California<\/i><\/p>\n

1. Introduction<\/b><\/p>\n

Sometimes I come across mining stories that read
\nlike an old-fashioned treasure hunt of sorts. Rise Gold Corp. (RISE:CSE; RYES:OTC)<\/a>, a small junior headquartered in Vancouver, falls neatly into this
\ncategory in my view. CEO Ben Mossman found the past-producing high-grade
\nIdaho-Maryland gold mine after intensely searching the internet for about five
\nmonths, scanning eligible projects up for sale, historic databases and other
\nleads. When he started doing his due diligence, which meant sifting through a
\nbasement full of old documents, it soon dawned on him that this project could
\nhost huge exploration potential, besides the considerable historic (2002) high-grade
\nestimate of 0.4Moz @ 9.1g\/t Au M&I and 0.9Moz @12.7g\/t Au Inferred, as the
\nIdaho-Maryland had to halt production in 1954 when it was nowhere near
\ndepletion.<\/p>

\r\n
\r\n

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<\/div>\n

After bringing in a team of advisors for further
\nresearch, Mossman became convinced he had a substantial venture on his hand,
\nand started to develop plans to acquire the Idaho-Maryland project. This all
\nbecame reality in January 2017 when Rise acquired the mine for $2 million, after
\nraising no less than C$4.2 million in December 2016. Since then, the hunt for
\nthe ounces of gold left in the ground is on. The company has been busy
\ndigitizing the truckload of old documents into 3D models, determining
\nexploration targets and setting up the first drill program, which is about to
\ncommence after the current financing will be closed. As the share price seems
\nto have bottomed out now, it seems like a good time to analyze the potential of
\nthis exciting story for investors.<\/p>\n

All presented tables are my
\nown material, unless stated otherwise.<\/em><\/p>\n

All pictures are company
\nmaterial, unless stated otherwise.<\/p>\n

All currencies are in US
\nDollars, unless stated otherwise.<\/p>\n

2. The company<\/b><\/p>\n

Rise Gold Corp is a U.S. exploration
\nand development company with Canadian headquarters, focused on creating
\nshareholder value through advancing a gold project in California. The company
\nis developing an exploration strategy for its fully owned Idaho-Maryland gold
\nproject, a former past producing mine located in Grass Valley, California, U.S.<\/p>\n

<![endif]–><![if !vml]>\"2.jpg\"<![endif]><\/p>\n

The management team is led by
\nPresident and CEO Ben Mossman, who knows all about underground gold mines in
\nNorth America with over 15 years of experience as a mining engineer under his
\nbelt (Snap Lake Mine for DeBeers Canada,
\nMine for Alexco Resource Corp). Previously, as CEO of
\nBanks Island, he led the exploration, permitting, financing, construction, and
\noperation of a profitable gold mine in British Columbia which was one of the
\nonly hard rock metal mines in the world to use pre-concentration (DMS) to
\neliminate all surface disposal of tailings.<\/p>\n

The real heavyweight of Rise Gold is Chairman Alan Edwards, working in
\nthe mining industry for over 35 years. He was the General Manager for three
\nmajor mining operations in the United States, and the Senior VP of Operations
\nfor Freeport Indonesia where he was responsible for the leadership of a
\nworkforce of over 6,000 employees. Mr. Edwards served as the VP Operations for
\nKinross and as the COO for Apex Silver Mines where he directed the successful
\nconstruction of the $675 million San Cristobal Mine in the difficult political
\nclimate of Bolivia. He also served on numerous boards of public companies,
\nincluding as Chairman of AuRico Gold Corporation
\nduring a period of extensive growth which culminated into a successful US$1.5
\nbillion merger with Alamos Gold.<\/p>\n

Last but not least is director Thomas Vehrs,
\nwho is a huge asset in determining the right exploration strategy. Holding a
\nPhD in geology, Dr. Thomas Vehrs is a highly regarded
\nand experienced exploration geologist with over 40 years of experience in the
\nAmericas. For the past ten years, Dr. Vehrs held the
\nposition of VP Exploration for CA$1 billion market cap Fortuna Silver Mines.<\/p>\n

Rise Gold has its main listing
\non the Canadian Stock Exchange, where it’s trading with RISE.CSE as its ticker
\nsymbol. As CSE listed stocks aren’t eligible for many large-scale investment
\noutfits, and average liquidity is lower compared to the TSX Venture, management
\nis looking to uplist to the TSX Venture as soon as
\npossible. According to Mossman, this is planned as soon as the current
\nfinancing is fully subscribed, which could be very soon. The company needs to
\nmeet the minimum working capital requirements in order to complete the listing.
\nWith an average volume of in excess of 97,000 shares per day, the company’s
\ntrading pattern is still quite liquid considering the CSE, the early stage and little
\namount of marketing, which makes it not too difficult for retail investors to
\nget in or out.<\/p>\n

Rise Gold currently has 66.7
\nmillion shares outstanding (fully diluted 108.48 million), 36 million warrants
\n@C$0.39 average (the majority is due @C$0.40, of which 22.1 million warrants
\n@C$0.40 expiring on Dec. 23, 2018), and several option series to the tune of
\n5.7 million options (C$0.24 on average) in total, which gives it a market
\ncapitalization of C$9.67 million based on Friday’s share price of C$0.145. The
\ncompany has no trouble raising cash despite its CSE listing, as it raised C$4.2
\nmillion in Dec. 2016, and C$2 million in April 2017. When the current C$3.6
\nmillion @C$0.15 (full warrant) financing will be closed, which is any moment
\nnow, Rise Gold will have a working capital position of about C$4 million.<\/p>\n

<![endif]–><![if !vml]>\"3.jpg\"<![endif]>
\nShare price; 1 year time frame<\/a><\/i><\/p>\n

Although gold has seen
\nsignificant gains on a dropping U.S. Dollar and North Korea tensions for the
\nlast few months, Rise didn’t follow. One reason for this could be that the
\ncompany is still flying very much under the radar, but another reason could be
\nprivate placement holders who might have expected more action and decided to
\nhold the warrants and go for other projects with much more exposure\/hype (For
\nexample even I bought into Novo Resources (NVO.V) after talking to a geo who
\ndid a site visit down under for a fund I am familiar with, as everybody and
\nhis\/her dog seems to be afraid now to miss out on a potential monster 1 billion+
\noz<\/span> Au Wits 2.0, although not a single recent drill
\nhole has been reported yet).<\/p>\n

I view the current low as a
\nclear buying opportunity, after the C$3.6 million PP would be closed (of which
\nthe first tranche of C$1 million very recently<\/a> closed). The drill program
\nshould start soon, and if assays would indicate anything resembling the
\nexcellent historic grades\/sampling\/drilling, Rise Gold should be in for a
\nre-rating. Solid drill results and an updated resource estimate according
\nexpectations should be able to move things considerably, as the current market
\ncap is tiny at C$9.67 million.<\/p>\n

3. Project<\/b><\/p>\n

Rise Gold has one project, the Idaho-Maryland Gold project, located in
\nGrass Valley, Nevada Country, in the state of California, U.S. Grass Valley
\ndeposits are classified as a gold quartz vein type deposit, often higher grade.
\nCalifornia didn’t exactly build the best reputation as a mining friendly
\njurisdiction over the years (ranked #74 out of 104 jurisdictions worldwide by
\nthe latest Fraser Survey), predominantly based on permitting issues, but a lot
\nhas changed this year. New President Trump has indicated he is much more
\nfavorable towards mining compared to previous administrations, and filled the
\nposition of the Environmental Protection Agency (EPA) head by loyal,
\nanti-legislation, pro-energy industry Scott Pruitt.<\/p>\n

Pruitt is the one person who opposed the EPA many times himself
\n(self-proclaimed “leading advocate against the EPA’s activist agenda”)
\nas an Attorney General of Oklahoma. Pruitt is currently in the process of quickly
\nand methodically breaking down everything at the agency that could hamper the U.S.
\neconomy. Mining companies that already profited from this, having experienced
\nhuge permitting issues in the past, are Northern Dynasty Minerals (Alaska,
\nticker NDM.TO) and NewCastle<\/span> Gold (California, ticker
\nNCA.TO), which all of a sudden seem to have a real shot at permitting now, and
\nsport much higher market caps because of this.<\/p>\n

On a more local scale, an aggregate open-pit mine and a large open-pit
\nplacer operation, the Blue Lead Placer Mine, have been permitted in 2015 in
\nNevada County, very close to the Idaho-Maryland project and well before Trump
\nwas elected. The firm handling this permitting was Braiden Chadwick, the
\npremier legal and permitting firm for mining in California, and Rise Gold has hired
\nthem as well for their own permitting process. As the Idaho-Maryland mine is an
\nunderground mine, the surface disturbance would be much less than the Blue Lead
\nMine. Besides this, CEO Mossman has developed a plan to use historic, mined out
\nstopes of the Idaho-Maryland mine to treat and store all tailings underground.
\nAny development waste rock will be crushed and sold as aggregate in the area,
\nas there is huge demand for it. Last but not least, the project is located on
\nprivate land, which makes permitting much easier compared to federal (BLM) land,
\nas stated in the technical report:<\/p>\n

“The Project area is covered by private land and no permits or
\nconsultations with the US Bureau of Land Management (BLM) or the US Forest
\nService (USFS) would be required.”<\/p>\n

On a side note, the 2017 technical report has been done by Amec<\/span> Foster Wheeler, and this is one of the most respected
\nfirms in this regard in Canada.<\/p>\n

Because of all this I view permitting risk for Rise Gold as manageable. Now
\nlet’s have a look at the background of the project. \u00a0<\/span><\/p>\n

The former Idaho-Maryland Mine has a long past behind it, and has seen
\nseveral interesting books being written about its story. This mine was one of
\nthe most productive and best-known gold mines in the United States. The
\nIdaho-Maryland Mine has a rich history of gold production and mining work
\ncompleted between 1863 and 1956 by various operators. The Idaho-Maryland Mine
\nrepresents a consolidation of several important early day producing mines
\nincluding Eureka, Idaho, Maryland, Brunswick, and Union Hill Mines. Based on
\nhistoric production records, these mines produced a total of 2.4M oz<\/span> gold at an average mill head grade of approximately
\n17.1g\/t Au.<\/p>\n

The mine was reportedly the second largest gold mine in the United States
\nin 1941, producing up to 129,000 oz gold per year before being forced to shut
\ndown by the U.S. government in 1942 due to World War II, as workforce was
\nneeded in war efforts. Significant production after the war-time shutdown never
\noccurred.<\/p>\n

The property was rediscovered in 1990 by Emgold<\/span>
\nand efforts were made to reopen the historic mine; however, this company was
\nunsuccessful due to inability to raise necessary funding in unfavorable market
\nconditions, and lost the option on the project in 2013 which then returned to
\nthe former owners. CEO Mossman then discovered the existence of this remarkable
\nproject in the summer of 2016. Although he is very much a result-oriented mining
\nengineer, I also noticed and liked his love for history and delving deep into
\nthe project and all its data. When I met him to discuss the project, he gave me
\ntwo excellent books on the Idaho-Maryland Mine story so I could get a sense of
\nhistory, and the Rise Gold website and presentation are packed with historic
\ninformation about the project.<\/p>\n

After Mossman and his team completed their due diligence and raised
\nsufficient cash, the acquisition of the Idaho-Maryland gold mine was completed<\/a> on January 25, 2017. The purchase price was US$2
\nmillion, the entire transaction included legal costs accounted for C$2.66
\nmillion. The property is located in a prolific historic mining district (Grass
\nValley), of which the former Empire Star Mine was the building block of
\nNewmont:<\/p>\n

<![endif]–><![if !vml]>\"4.jpg\"<![endif]><\/p>\n

The asset accounts for 2,750 acres of mineral
\nrights, including the surface rights at the Brunswick shaft. This shaft provided
\naccess to the productive Brunswick block, and extends to a depth of 3,000ft
\n(about 1,000m) and was the main production shaft of the former mine. The
\nproperty is royalty-free and there are no other agreements or encumbrances. The
\nproperty is completely within the M1 zoning of the nearby city of Grass Valley,
\nM1 meaning Light Industrial Zoning District. Mineral exploration is allowed in
\nM1 zones without a permit; only certain circumstances, not relevant here, would
\ndemand a Use Permit. The same goes for underground mining, considered eligible
\nin a M1 zone, although this certainly will need a Use Permit as buildings will
\nbe necessary, which is a circumstance that triggers such a permit.<\/p>\n

There is a historic resource estimate completed
\nin 2002, also by Amec<\/span>, using a cut-off grade of 3g\/t
\nAu (for correct and full disclosure see company documents, as one cannot rely
\non a historic resource estimate):<\/p>\n

<![endif]–><![if !vml]>\"5.jpg\"<![endif]><\/p>\n

This is the estimate by Amec<\/span>
\nat the time of the gold, which is estimated to be remaining in the historic
\nworkings. Interestingly, a few more historic resource estimates have been
\ncompleted since then, the most recent being the one by Pease in 2009. They estimated 472koz @10g\/t M&I, and
\n1Moz @12g\/t Au Inf, based on a 1.44 Mine Call Factor
\nmultiplier (the grade at the mill head was much higher than the sampling grade,
\nso a correction factor was applied), but Rise considered the Amec<\/span> resource to be the safest although on no historic, non
\nNI43-101 compliant resource estimate can ever be relied upon as mentioned, and
\nthis has been clearly stated by Rise throughout all relevant documents.
\nNotwithstanding this, I am no listed company or registered investment advisor,
\nso I consider at least the Amec<\/span> resource a useful
\nindicator for existing resource potential.<\/p>\n

As might be concluded by the more experienced
\ninvestor, grade and number of ounces could already likely indicate an economic
\ndeposit. Metallurgy has proven to be excellent in the past (recoveries of 99%
\nwere achieved). Although I have my reservations about the very recently
\nreleased PEA of Pure Gold Mining (PGM.V) with a very low capex as it has an
\nexisting mine on care and maintenance (C&M) and very high IRR, its Madsen
\ndeposit (also a historic mine) is also high grade, deep and flooded, and
\nalready indicates potential for Rise Gold.<\/p>\n

The underground workings of the former
\nIdaho-Maryland Mine are flooded, and it would cost a lot of time and money to
\ndewater this just for drilling, so exploration will take place from surface.
\nRise Gold is almost wrapping up the current C$3.6 million financing as
\nmentioned, and after this, its treasury will contain about C$4 million, which
\nwill be more than enough for the first drill program. More on this later. Rise
\nGold has also other expenditures in the near future, as it has paid $600,000
\nfor the option to purchase the mill site which is a wise acquisition as this
\nland has large leveled areas fit for future mining buildings and new shafts.
\nThere is also room for stockpiling rock and other materials, and a 4 acre<\/span> settling pond for future water management, and Rise will
\nhave to pay another $1.3 million before June 30, 2018.<\/p>\n

<![endif]–><![if !vml]>\"6.jpg\"<![endif]><<\/p>\n

To get a bit of an
\nimpression about the Idaho-Maryland Mine itself, here is a plan view of the
\ndifferent underground workings, ranging from surface to a depth of -1650ft (about
\n-550m):<\/p>\n

<![endif]–><![if !vml]>\"7.jpg\"<![endif]><\/p>\n

And here is a 3D
\npresentation of the Idaho vein systems, also from the Amec<\/span>
\nreport:<\/p>\n

<![endif]–><![if !vml]>\"8.jpg\"<![endif]><\/p>\n

Please note that the
\nnearby former Empire-Star Mine had underground workings going as deep as 1,600m,
\nwhich is almost 1.5 times deeper. This mine was shut down due to a labor
\nstrike, and also contained significant reserves, and is still owned and shelved
\nby Newmont. The same goes for most other gold mines in the Grass Valley
\nDistrict. Because of this, the geological setting and the historic underground
\nsamples and drilling, a number of geologists (from the past and current)
\nbelieve there is excellent potential waiting to be explored.<\/p>\n

4.
\nExploration plans<\/b><\/p>\n

As the operators were mining three separate, rich veins and ramping up to
\ndouble the production to 250,000oz before WWII in the past, it will be
\nunderstandable that numerous exploration targets in and around the mine
\nworkings were identified during and after operation.<\/p>\n

The central thesis for exploration is, as mentioned, the analogy with the
\nnearby former Empire Star Mine and other former mines in the area, which
\nindicates continuing mineralization at depth. This is probably a familiar theme
\nfor many, as it is standard MO in the Red Lake district, Val D’Or, South Africa
\nand many other locations.<\/p>\n

The Amec<\/span> report lists the characteristics of
\ntypical orogenic gold deposit types, as Idaho-Maryland falls in this category,
\nand here are some relevant highlights:<\/p>\n

“Tabular fissure veins in more competent host lithologies, veinlets,
\nand stringers forming stockworks<\/span> in less competent
\nlithologies. Typically occur as a system of en echelon veins on all scales.”<\/p>\n

“Vein systems may be continuous along a vertical extent of 1-2 km with
\nminor change in mineralogy or gold grade; mineral zoning does occur, however,
\nin some deposits.”<\/p>\n

Orogenic gold deposits can also have their disadvantages, as they can be
\nhard to delineate, also due to possible nugget effects and narrow veins at
\ndepth. Fortunately for Rise Gold, Idaho-Maryland is something special in this
\nregard:<\/p>\n

“Past production at the Idaho-Maryland Mine has demonstrated
\nsignificant vertical and horizontal continuity of the veins. The great vertical
\nextents of veins of similar gold deposits, such as the adjacent Empire Mine,
\nsuggests extensions of the #1 Vein, 3 Vein system<\/span>, and
\nthe Brunswick Veins to depth and there exists potential for significant stockwork<\/span>-style mineralization within the Brunswick Block.”<\/p>\n

As the Idaho-Maryland system will probably be too complex to drill out
\ncompletely from surface, the strategy of Rise Gold will be exploration and in
\nthe end delineation to Indicated and Inferred, probably on a grid spacing of 50m.
\nDrill costs are estimated by the company at $270\/m all-in. Because of
\nconsiderable depth, management will use directional drilling, with a few widely
\nspaced, deep motherholes<\/span> first after which multiple
\nbranch holes will be drilled. Drilling will commence in October.<\/p>\n

The currently most significant exploration targets identified at the
\nIdaho-Maryland Gold Project are in untested ground below the historic mine
\nworkings. These targets are the Idaho #1 Vein, Crackle Zone, Brunswick, and 3
\nVein System.<\/p>\n

<![endif]–><![if !vml]>\"9.jpg\"<![endif]><\/p>\n

Rise Gold initially planned a $600,000 limited drill program to start off,
\nand Amec<\/span> proposed a single, 1,800m drill hole, intended
\nto describe most of the geology and exploring mineralized extensions below the
\n1 Vein and 3 Vein. This has been adjusted, and management now wants to verify
\nthe possible existence of multiple mineralized horizons at depth:<\/p>\n

<![endif]–><![if !vml]>\"10.jpg\"<![endif]><\/p>\n

This 3D drawing might be a bit hard to read, but
\nit effectively envisions the extension of the #1 Vein (green target surface),
\naccompanied by multiple, stacked horizons of mineralization, expected as an
\nextension of the nearby 52 Vein workings. As sampling results of the #1 Vein at
\nthe end of the workings showed consistent high-grade gold, and continuity of
\nall mineralization was strong at Idaho-Maryland, I have high hopes for this
\ntarget.<\/p>\n

<![endif]–><![if !vml]>\"11.jpg\"<![endif]><\/p>\n

<![endif]–><![if !vml]>\"12.jpg\"<![endif]><\/p>\n

The Crackle
\nZone, a concept initiated by renowned geologist and Hall of Famer Alan Bateman
\na long time ago, could prove to be the theory that propels the Idaho-Maryland
\nproject into Tier I territory if correct. It basically envisions a feeder
\nstructure to all currently know mineralized zones, located below them and
\ncontinuing at depth.<\/p>\n

According to the
\nAmec<\/span> report:<\/p>\n

“The
\nCrackle Zone exploration target is a conceptual target based on an idea
\nproposed by Bateman that mineralizing fluids responsible for the gold mineralization
\nencountered at the<\/span> Idaho-Maryland Mine may have formed a zone of intense quartz veins and stockwork<\/span> within<\/span> the Brunswick Block in response to the
\ninteraction of the Idaho, 6-3, and Morehouse faults. The<\/span> Crackle Zone
\ntarget generally lies beneath all current development and drilling but quartz
\nvein<\/span> and stockwork<\/span> hosted gold mineralization
\nidentified by drilling, development, and mining of the 52 Vein and 60 Winze area<\/span> may represent part of this target.<\/span><\/p>\n

The 52 Vein was
\ndiscovered during exploration development across the Brunswick Block from the
\nIdaho #2 Vein to the Morehouse fault.”<\/p>\n

<![endif]–><![if !vml]>\"13.jpg\"<![endif]><\/p>\n

“The
\nCrackle Zone target forms a wedge-shaped area 2,000ft (610m) wide and 500ft to
\n1,000ft (152m to 305m) thick at the I2700 Level and plunging as much as 5,000ft
\n(1,524m) to the south east where it pinches out against the intersection of the
\nIdaho, Morehouse, and 6-3 Faults.<\/p>\n

Within this
\nzone, gold mineralization may occur in shallow dipping quartz veins and
\nirregular quartz stockworks<\/span> in metavolcanic<\/span>
\nrocks that may be highly fractured due to the interaction of the Idaho,
\nMorehouse, and 6-3 Faults as proposed by Bateman.”<\/p>\n

The size of this
\nwedge could have an average width of 305m, average thickness of 115m and a
\nlength of 900m, creating a volume of 31.6M m3. Based on a gravity of 2.75t\/m3,
\nthe Crackle Zone target could be 86.8Mt, which is sizeable of course. If this
\nZone indeed proves to be the converging point of the other zones, I wouldn’t be
\nsurprised if the total resource could pan out to be 2-3Moz or even larger.<\/p>\n

5.
\nValuation<\/b><\/p>\n

Although it is pretty hard to compare Rise Gold
\nwith peers, as there aren’t<\/span> many high grade
\nunderground gold deposit in something of a safe jurisdiction out there, I set
\nup a peer comparison table based on available developers rather than explorers
\n(as there aren’t any with a high grade resource), to give an indication of what
\ncould happen if Rise Gold could eventually advance their Idaho-Maryland project
\nto PEA status and beyond:<\/p>\n

Part I:<\/p>\n

<![endif]–><![if !vml]>\"14.jpg\"<![endif]><\/p>\n

Part II:<\/p>\n

<![endif]–><![if !vml]>\"15.jpg\"<![endif]><\/p>\n

As can be seen, if Rise Gold can prove up its
\nhistoric estimate, a very significant re-rating is in the cards. Of course,
\nthere will be additional dilution, but I don’t expect the numbers of Integra,
\nHarte or IDM Mining, to be honest. Generously assuming Rise Gold will arrive at
\nthe PEA stage with about 200 million shares and just proves up the 1.3Moz Au,
\nalso assuming the Enterprise Value\/oz metric having a ratio of 60 (pretty
\nconservative for a solid and profitable project in general), an estimated EV could
\nbe expected of C$78 million, assuming a further C$10M million in working
\ncapital would result in an estimated market cap of C$88 million. This in turn
\nwould result in an estimated share price of C$0.44. If Rise Gold manages to get
\nthe share price higher at an earlier stage through for example good drill
\nresults and likewise maiden resource estimate, raising cash will be less
\ndilutive and upside increases further. In case Rise hits big on the Crackle
\nZone, I expect fireworks, based on things happening to current exploration success
\nstories.<\/p>\n

6. Conclusion<\/b><\/p>\n

Without knowing what is out there
\non the CSE, it looks like the resource potential for the Idaho-Maryland project
\nranks easily among the top high grade, undeveloped underground gold deposits in
\nthe Western Hemisphere, listed on the TSX and TSX Venture. This type of
\ndeposits is very rare, and it seems this project has so much exploration
\npotential that it could become a Tier I deposit, suitable for a major.<\/p>\n

I’m fascinated by the history and
\nthe exploration theory for the Idaho-Maryland project, and if CEO Mossman
\nmanages to actually find the theorized mineralization, Rise Gold will likely be
\na multi-bagger stock. The uplisting<\/span> is around the
\ncorner, the current C$3.6 million financing is almost closed, and drilling is
\nabout to begin, so results can be expected from November 2017 onwards. As there
\nis no winter break in California, expect a steady news flow after that,
\nhopefully confirming Idaho-Maryland as a top-tier high-grade gold deposit in
\nthe Americas.<\/p>\n

I hope you will find this article interesting
\nand useful, and will have further interest in my upcoming articles on mining.
\nTo never miss a thing, please subscribe to my free newsletter on my website
\nwww.criticalinvestor.eu, and follow me on Seekingalpha.com, in order to get an
\nemail notice of my new articles soon after they are published.<\/i><\/p>\n

The
\nauthor is not a registered investment advisor. Rise Gold is a sponsoring
\ncompany. All facts are to be checked by the reader. For more information go to
\nwww.risegoldcorp.com and read the company’s profile and\u00a0official documents
\non\u00a0www.sedar.com, also\u00a0for important risk disclosures. This article
\nis provided for information purposes only, and is not intended to be investment
\nadvice of any kind, and all readers are encouraged to do their own due
\ndiligence, and talk to their own licensed investment advisors prior to making
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<![endif]–><![if !vml]>\"16.jpg\"<![endif]>
\nGood old days<\/i><\/p>\n

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( Companies Mentioned: RISE:CSE; RYES:OTC,
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\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

By The Gold Report Source: The Critical Investor for Streetwise Reports \u00a0\u00a010\/01\/2017 The Critical Investor profiles a company tackling a gold project in California that halted production when it was nowhere near depletion. Idaho-Maryland Mine, Nevada County, California 1. Introduction Sometimes I come across mining stories that read like an old-fashioned treasure hunt of sorts. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-113931","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=113931"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113931\/revisions"}],"predecessor-version":[{"id":113933,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113931\/revisions\/113933"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}