Restoring Glory to California Gold Mining · R E S T O R I N G G L O R Y T O C A L I F O R N I A G...

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Restoring Glory to California Gold Mining INVESTOR PRESENTATION - AUGUST 2017 | CSE: RISE | OTC: RYES

Transcript of Restoring Glory to California Gold Mining · R E S T O R I N G G L O R Y T O C A L I F O R N I A G...

Page 1: Restoring Glory to California Gold Mining · R E S T O R I N G G L O R Y T O C A L I F O R N I A G O L D M I N I N G CSE : RISE 3 3 I-M Mine was the #2 producing gold mine in the

Restoring Glory to California Gold MiningINVESTOR PRESENTATION - AUGUST 2017 | CSE: RISE | OTC: RYES

Page 2: Restoring Glory to California Gold Mining · R E S T O R I N G G L O R Y T O C A L I F O R N I A G O L D M I N I N G CSE : RISE 3 3 I-M Mine was the #2 producing gold mine in the

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CAUTIONARY STATEMENTSD i s c l o s u r e s & F o r w a r d L o o k i n g S t a t e m e n t s

This presentation 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, expenditure and financing requirements, 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.

This presentation 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.

The Company cautions that mineral resources that are not mineral reserves do not have demonstrated economic viability. Rise Gold Corp. has not established

mineral reserves supported by a NI43-101 compliant technical report and feasibility study. The Company cautions readers that production may not be

economically feasible. Rise Gold Corp. has not verified the historical mineral resources estimated for the Idaho-Maryland property. Rise is not treating these

historical mineral estimates as current mineral resources and the historical mineral resources should not be relied on.

Mr. Benjamin Mossman P.Eng, CEO of Rise Gold Corp. is the qualified person who reviewed and approved the contents of this presentation.

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▪ I-M Mine was the #2 producing gold mine in the entire USA in 1941

▪ It was producing up to 129,000 oz of gold per year before forced WWII shutdown.

▪ In 1942 the I-M completed a major expansion to double production from 1000 tpd to 2000 tpd

▪ I-M has produced 2,414,000 oz gold at an average head grade of 17 gpt gold

▪ Three esteemed geologists independently studied the underground mine while it was in

operation and recommended the exploration target

▪ This target has never been tested….

1942 - I-M WAS FORCED TO SHUTDOWN

*Details of historic production disclosure in Rise press release dated April 4th 2017 and available at www.sedar.com

**US Bureau of Mines. Mineral Yearbook 1941 (1942). Pg.252

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GRASS VALLEY California, USA

Idaho-Maryland Gold Project

• Past Producer (100% ownership)

• Produced ~2,414,000 oz gold*

• Average head grade of 17 gpt

• Production of ~129,000 oz per year in 1940**

• All major veins open for exploration at depth

Grass Valley, California USANevada County

• Private Land ~2800 Acres of Mineral Rights

• 93 Acres Surface Land

• 100% Ownership

• No Royalties

CALIFORNIAUSA = Rule of Law

Private Land

Mild Climate

Year Round Drilling

Highway Access

6th Largest Economy in the World

Idaho-Maryland | City of Grass Valley | Nevada County | California | USA

*Details of historic production disclosure in Rise press release dated April 4th 2017 and available at www.sedar.com

**US Bureau of Mines. Mineral Yearbook 1941 (1942). Pg.252

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VALUE OPPORTUNITY Very Rare and Exceptional Gold Project

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PRIVATELY OWNED LAND AND MINERAL RIGHTS▪ One of the most stable and safest jurisdictions in the world and strong Rule of Law.

MAJOR HIGH GRADE PAST PRODUCING GOLD MINE▪ I-M Mine was one of the most prolific historic gold producers in the entire United States

▪ Exceptionally high grade with average historic mill head grade of 17 gpt gold

INITIAL DRILL PROGRAM TARGETING A DRAMATIC DISCOVERY▪ Drilling directly under historic mined areas with exceptional gold grades

▪ Numerous historic drill holes, mapping, and historic resources in target area

▪ Convergence of three major mineralized faults. Focus of historic operators….Never tested…

▪ Phase 1 drill program targets only a fraction of exploration area

REMARKABLE GROWTH OPPORTUNITY▪ Large scale exploration targets at I-M Mine below mine workings

▪ The I-M Mine is the heart of the Grass Valley district and the key to consolidation of the entire area which

was producing 271,000 oz gold per year in 1941 before forced government shutdown

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GEOLOGY NEVER ALLOWED TO BE PUBLISHED

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H.F. Lynn, Mine Superintendent - 1936

▪ “It will be necessary to increase the milling capacity to 1330 tons per day. At this rate of production and exhaustion , a depth well

above that which profitable veins are known to exist in this district will provide for successful operations for forty years, under

current conditions.”

Dr. Cyrus Tolman, Professor Stanford University - 1936

▪ “Your attention is especially directed to stereogram No. 3 which pictures the great “ore funnel” formed by the intersection of the

Idaho-Brunswick vein system with the Morehouse System. I recommended sinking the vertical Brunswick shaft to the 4,000 foot

level.”

Dr. Alan Bateman , Professor Yale University - 1948

▪ “The Morehouse, Idaho, and 6-3 faults converge downward. As their intersections approach each other, a much fissured and

crackled zone should be expected along the locus of the entrance of mineralizing solutions. This zone should be thoroughly

explored and justifies the deepening of the Brunswick vertical shaft.”

Dr. Carlton Hulin – Professor UC Berkeley - 1951

▪ “Numerous exploration possibilities exist within both the Idaho-Maryland and Brunswick properties any one of which could give

rise to the discovery of important new occurrences of ore. The exploration possibilities are so numerous that they can only be

touched upon briefly.“

▪ “The type of mineralization represented in this area is one which could extend to vastly greater depth than has yet been reached.

It is thus evident that beneath the present deepest mine workings there exists a vast unexplored area within which important but

unknown ore bodies may well exist.”

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A MAJOR GOLD DEPOSIT FROZEN IN TIMEDETAILS OF GEOLOGY AND WORKINGS OF I-M NEVER BEFORE DISCLOSED

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Historic Gold Production A Great Past Producing Gold Mine

*Details of historic production is disclosed in Rise press release dated April 4th 2017 and available at www.sedar.com

Mined & Milled Gold Produced Mill Head Grade

tonnes oz gpt

Idaho Mine

1 Vein 887,000 935,000 38.6

3 Vein system 1,102,000 686,000 20.4

Idaho Mine 1,989,000 1,621,000 28.4

Brunswick Mine 2,817,000 793,000 9.3

Total I-M Mine 4,806,000 2,414,000 17.1

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Historic Mineral Resource Emgold Mining Corporation (AMEC 2002)

Historic Mineral Resource for Idaho-Maryland Gold Mine reported by Emgold Mining Corporation on November 1st 2002 in a report titled “Idaho-

Maryland Mine Technical Report" authored by AMEC E&C Services, S.J. Juras, P.Geo and S.K.. Morris, P.Geo. Mineral Resource is stated at a 3 gpt

gold cut-off grade. AMEC used mineral resource categories which are consistent with current NI 43-101 disclosure requirements.

Historic Mineral Resource (AMEC 2002)

Rise Gold Corp. 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.

Category Tonnes Au (gpt) Au (oz)

Measured 999,000 6.5 212,000

Indicated 433,000 15.1 211,000

Total M&I 1,432,000 9.1 423,000

Category Tonnes Au (gpt) Au (oz)

Inferred 2,194,000 12.7 898,000

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Grass Valley Gold District

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I-M Mine

2,414,000 oz

Gold

Produced

Empire-Star

Mine

~6,000,000 oz

Gold Produced

Grass Valley /

Nevada City

Total

~13,000,000 oz

Gold Produced

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Idaho-Maryland Mine Plan View Showing Mine Workings

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3 VEIN SYSTEM

686,000 oz gold produced

20 gpt gold head grade

From ~200 m to ~600 m

(400 m vertical depth)

BRUNSWICK

793,000 oz gold produced

9 gpt gold head grade

From 100 m to ~500 m

(400 m vertical depth)1 VEIN

935,000 oz gold produced

39 gpt gold head grade

From surface to ~550 m

(550 m vertical depth)

*Details of historic production is disclosed in Rise press release dated April 4th 2017 and available at www.sedar.com

1 km

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Exploration Plan for I-M MineBUILDING SHAREHOLDER WEALTH

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Exploration Plan Phase 1 Drill Program

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TARGETING AN AREA OF KNOWN HIGH GRADE MINERALIZATION▪ Directly below #1 Vein which produced 935,000 oz gold

▪ Directly below I2400 level with two faces abandoned in full faces of mineralization

▪ Directly below channel samples which assayed up to 481 gpt /1.2 m, 142 gpt / 2.5 m, 21 gpt /4.5 m

▪ Adjacent diabase mineralization with historic drill intercepts up to 3.7 gpt/12 m

DRILLING THROUGH EXTENSIVE GOLD STOCKWORK ZONE▪ Extensively mineralized “52 Vein” zone drilled through enroute to #1 Vein Target

▪ Historic drill intercepts in area assayed up to 16 gpt gold over 9 meters

▪ Massive adjacent mineralized stockworks to be tested

EXPLORING FOR A MAJOR HIGH GRADE DISCOVERY▪ Ready to Drill. No permits required

▪ $3,500,000 exploration budget

▪ Only testing a fraction of I-M Mine potential

*Details of historic exploration results is disclosed in Technical Report dated June 1st 2017 and available at www.sedar.com

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1 VEIN

935,000 oz gold produced

39 gpt gold head grade

From surface to ~550 m

(550 m vertical depth) BRUNSWICK

793,000 oz gold

produced

9 gpt gold head grade

From 100 m to ~500 m

(400 m vertical depth)

3 VEIN SYSTEM

686,000 oz gold produced

20 gpt gold head grade

From ~200 m to ~600 m

(400 m vertical depth)

*Details of historic production disclosure in Rise press release dated April 4th 2017 and available at www.sedar.com

Generalized Mine Geology Plan View at ~900 m Depth

52 VEIN

Large scale gold stockwork

discovered on last mining

level in final years of

operationCRACKLE

Mineralized fault

systems

converging at

depth.

DIABASE

Large quantity

of mineralized

diabase

remains around

workings

ROSE GARDEN

New Area discovered in

1942 never re-accessed

up after WWII shutdown

1 km

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Phase 1 Drilling Target Isometric View looking North

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PLANNED DRILL HOLES#1 VEIN

Historic Production

935,000 oz gold

Mill Headgrade

38 gpt#1 VEIN

Historic stoping over

260,000 square meters

52 VEIN MINERALIZED HORIZONS

Multiple horizons of mineralization

Historic drifting in continuous

mineralization over 430 m of strike length

Historic drill intercepts up to 16 gpt/9 m

#1 VEIN

TARGET SURFACE

200,000 square meters

I2400 WEST

Shutdown in mineralization

Numerous channel samples

Including;

481 gpt / 1.2 m

142 gpt /2.5 m

21 gpt / 4.2 m

I2400 EAST

Shutdown in mineralization

Quartz with wide intercepts

of mineralized diabase

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PHASE 1

DRILLING

#1 VEIN

#1 VEIN

TARGET SURFACE

200,000 square meters

PHASE 1 DRILL TARGET

IS A FRACTION OF

PROSPECTIVE AREA TO BE

DRILLED

FUTURE AREAS TO BE

DRILLED

1,200,000 square meters

#3 VEIN

BRUNSWICK

VEINS

THREE MAJOR MINERALED

FAULTS CONVERGING AT DEPTH

1750 m below surface

Phase 1 Drilling Target Isometric View looking North

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Phase 1 Drilling Target Longsection looking North

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Phase 1 Drilling Target Plan View at I2400L

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Management & SummaryExceptional Opportunity

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Rise Gold Corp Management Team

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Alan Edwards

Chairman of the Board of Directors

Executive and Mining Engineer with over 35 years of experience. Experience includes: Senior Vice Present Operations for Freeport Indonesia

responsible for the leadership of a workforce of over 6,000 employees, V.P. Operations for Kinross Gold, Chairman of Aurico Gold culminating in

US$1.5 billion merger with Alamos Gold.

Benjamin Mossman

President, Director and CEO

An accomplished leader and highly skilled engineer. Experience at eight producing underground mines with production rates ranging from 250

tpd to 3,000 tpd. Explored, permitted, financed, constructed, and operated profitable gold mine as CEO of Banks Island Gold.

Thomas Vehrs

Director

A highly regarded and experienced Geologist with over 40 years of experience in the Americas. Recently retired as Vice President Exploration for

Fortuna Silver Mines. Mr. Vehrs has managed numerous exploration programs resulting in the discovery and delineation of major copper, gold,

and silver deposits.

John Anderson

Director

A experienced financier with over 15 years of experience in the capital markets. Throughout his career, Mr. Anderson has raised in excess of $500

million in equity for a number of private and public companies in the United States, Canada, and Europe.

Cale Thomas

Director & CFO

Mr. Thomas holds a Master of Business Administration degree and was formerly the Chief Financial Officer and director of Eagle Hill Exploration

EXEPTIONAL TEAM

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Rise Gold Corp Financial Snapshot

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RISE SHARE STRUCTURE

Shares Issued & Outstanding 66,708,000

Options (Avg Price CDN$0.24) 5,729,000

Warrants (Avg Price CDN$0.39) 36,045,000

Fully Diluted 108,482,000

Recent Share Price (July 27th) $0.15

Recent Market Capitalization ($CDN) $10,000,000

3 month average daily volume (CSE & OTC) 310,000

3 month VWAP (CSE & OTC) $0.22

Cash & Receivables ($CDN) $300,000

Debt $0

EXEPTIONAL PRICE & LIQUIDITY

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✓ Major Past Producer– 2,414,000 oz of gold historical production

✓ High Grade – Average past production mill head grade of 17 gpt

✓ Continuity – Proven over a century of historical mining

✓ Prolific – Epic history of major discoveries

✓ Secure – 100% private mineral ownership

✓ Advanced targets with known mineralization

✓ Ready to Drill – No permits required

A NEW ERA FOR IDAHO-MARYLAND

EXEPTIONAL PROJECT

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End of Presentation

www.risegoldcorp.com

INVESTOR PRESENTATION - AUG 2017 | CSE: RISE | OTC: RYES