Each one in plain English, with the numbers worked through for a shareholder.
22 Feb 2022drilling result▲ GoodMajor
Metallurgical testwork on Idaho-Maryland ore achieved 98.7% gold recovery into concentrate averaging 117 gpt gold - a strong result that de-risks the eventual processing plan for the project, after several years without a story-bearing update.
New Idaho #1 Vein drilling confirmed mineralization 600m below the lowest historic mine level, extending the exploration target to 600m x 600m, while re-interpretation of an earlier hole opened an even larger target (1,000m x 1,400m) on the separate Idaho #2 Vein.
Drilling into the Idaho Vein hit exceptionally high grades - 90.4 gpt gold over 4.27m, including a 458 gpt (13.4 oz/ton) sub-interval - among the best results yet at Idaho-Maryland, alongside further intercepts in the 52 Vein and a shallow near-surface zone.
The first drill hole into Idaho-Maryland's '52 Vein' area returned a bonanza-grade 149.3 gpt gold over 6.8m, establishing it as a major new exploration target as drilling on the historic Idaho #1 Vein got underway.
Reported the deepest gold intercept yet in Idaho-Maryland's history - 22.4 gpt over 5.2m in the Brunswick vein system - along with a wide, lower-grade intercept, continuing to expand the deposit downward.
Follow-up Idaho-Maryland drilling confirmed gold mineralization continuing below historic mine workings, with new intercepts up to 8.0 gpt gold and visible gold observed in core across six tested veins.
The first drill hole of Rise Gold's Idaho-Maryland exploration program hit high-grade gold - 63 gpt over 2.7m in a previously minor vein (Brunswick #1) - suggesting historic sampling had understated the mine's real gold content and opening a large new exploration target below historic workings.
Announced 2013 exploration plans focused on expanding the KM 66 silver-gold deposit with Bearing Resources, and disclosed the company will not proceed with the La Buena project joint venture with San Marco after all - a strategic narrowing to one Mexican project.
Signed a letter of intent with Bearing Resources to earn up to a 75% interest in the KM 66 (Mapimi) silver-gold-lead-zinc project in Durango, Mexico, which carries an uncertain historical (2008) resource estimate of about 22.3 million silver-equivalent ounces - a second, larger Mexican project alongside La Buena.