What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2021-10-29 compared with 2020-10-29 · 30 added, 44 removed, 514 unchanged (13% of the section changed)

24 unchanged sentences

greenschist - Metamorphic rocks that formed under the lowest temperatures and pressures usually produced by regional metamorphism, typically 300-450 °C (570-840 °F) and 2-10 kilobars (14,500-58,000 psi).

hangingwall – The rock on the upper side of an inclined vein or mineralized deposit.

hanging wall - The rock on the upper side of an inclined vein or mineralized deposit.

hydrothermal - Relating to hot fluids circulating in the earth's crust.

6 unchanged sentences

low-sulphide Au-quartz vein - Gold-bearing quartz veins and veinlets with minor sulphides crosscutting a wide variety of host rocks and are localized along major regional faults and related splays.

The wallrock is typically altered to silica, pyrite and muscovite within a broader carbonate alteration halo.

The wall rock is typically altered to silica, pyrite and muscovite within a broader carbonate alteration halo.

mafic - Igneous rocks composed mostly of dark, iron- and magnesium-rich minerals.

20 unchanged sentences

serpentinite - Type of metamorphic rock composed mostly of mineral serpentine.

It is usually dark green to green-black in colour, massive and macroscopically dense.

It is usually dark green to greenish-black in colour, massive and macroscopically dense.

schistosity - Geological foliation (metamorphic arrangement in layers) with medium to large-grained flakes in a preferred sheetlike orientation.

31 unchanged sentences

The I-M Mine Property comprises approximately 175 acres (71 hectares) surface land and approximately 2,800 acres (1,133 hectares) of mineral rights located near Grass Valley of Nevada County in northern California, USA.

The I-M Mine Property is situated in the Grass Valley-Nevada City District along the western slope of the Sierra Nevada, as shown on the overview map and regional map in Figure 1 and Figure 2, respectively and is located approximately 60 miles northeast of Sacramento, CA and 90 miles west of Reno, NV.

The I-M Mine Property is situated in the Grass Valley-Nevada City Mining District along the western slope of the Sierra Nevada, as shown on the overview map and regional map in Figure 1 and Figure 2, respectively and is located approximately 60 miles northeast of Sacramento, CA and 90 miles west of Reno, NV.

Idaho-Maryland Mine Property Location Overview

1 unchanged sentence

Property Description

The recorded owner of the surface land and mineral rights associated with the I-M Mine Property, as documented by a Quitclaim Deed recorded by the Nevada County Recorder on the 26 th of January 2017 (Document #:

20170001985), is Rise Grass Valley Inc., a Nevada Corporation and subsidiary of Rise Gold Corp.

The recorded owner of the surface land and mineral rights associated with the I-M Mine Property is Rise Grass Valley Inc., a Nevada Corporation and subsidiary of Rise Gold Corp.

Rise Grass Valley Inc.

purchased the I-M Mine Property, inclusive of its mineral rights from the Grantors of the BET Group Estate, as described in the Quitclaim Deed (Document #:

20170001985), on the 25 th of January 2017.

20170001985), on the 25 th of January 2017 and additional surface land described as the Mill Site in 2018.

Surface Rights

2 unchanged sentences

Idaho-Maryland Mine Property - Surface Land Legal Description

Parcel Number

SEC 26, TWN 16N, RNG 8E, MDM, PTN N 1/2 26-16-8

20 unchanged sentences

The I-M Mine Property remains in good standing with property taxes for the 2020 tax year paid in full.

Property taxes for the 2019 tax year of $21,497.68 due on Dec 10 th 2019 and $21,497.68 on April 10 th 2020 have been paid.

Property taxes for the 2021 tax year of $22,621 is due on Nov 1 st , 2021, and $22,621 is due on February 1 st 2022.

The Nevada Irrigation District supplies treated water to the I-M Mine Property.

5 unchanged sentences

Land Designation

The Brunswick land is located approximately 1 to 2 miles southeast of the city limits of the City of Grass Valley in Nevada County.

The Brunswick land and Mill Site is located approximately 1 to 2 miles southeast of the city limits of the City of Grass Valley in Nevada County.

The Idaho land is located on Idaho-Maryland Rd adjacent to the city limits of the City of Grass Valley in Nevada County.

The I-M Mine Property in relation to city limits is shown on Figure 3.

Due to its proximity, the I-M Mine Property is located within the City of Grass Valley’s planning area boundary, with Brunswick land located in the “Long-term Annexation” and Idaho land located in the “Near-term Annexation” Sphere of Influence.

Due to its proximity, the I-M Mine Property is located within the City of Grass Valley's planning area boundary, with Brunswick and Mill Site land located in the "Long-term Annexation" and Idaho land located in the "Near-term Annexation" Sphere of Influence.

Based on the City of Grass Valley 2020 General Plan, the planned land use designation for the Brunswick land remains "M-1" Manufacturing/Industrial, while the planned land use designation for the Idaho land is "BP" Business Park (CoGV-CDD, 2009).

5 unchanged sentences

Mineral Rights

The I-M Mine Property consists of mineral rights on 10 parcels, including 55 subparcels, totaling 2,800 acres (1,133 hectares), of full or partial interest, as detailed in Table 2 and displayed in Figure 4.

mineral rights encompass the past producing I-M Mine Property which includes the Idaho and Brunswick underground gold mines.

The I-M Mine Property consists of mineral rights on 10 parcels, including 55 sub parcels, totaling 2,800 acres (1,133 hectares), of full or partial interest, as detailed in Table 2 and displayed in Figure 4.

The mineral rights encompass the past producing I-M Mine Property which includes the Idaho and Brunswick underground gold mines.

The original mineral rights were granted at various times since 1851.

4 unchanged sentences

The I-M Mine Property consists of all rights to minerals within, on, and under the land located in portions of Sections 23, 24, 25, 26, 35, and 36 in Township 16 North - Range 8 East MDM, Sections 19, 29, 30, and 31 in Township 16 North - Range 9 East MDM, and Section 6 in Township 15 North - Range 9 East MDM and all other mineral rights associated with the Idaho-Maryland Mine.

The mineral rights are defined as parcels and subparcels in a Quitclaim Deed (Document #:

The mineral rights are defined as parcels and sub parcels in a Quitclaim Deed (Document #:

20170001985).

10 unchanged sentences

Property Access

T he I-M Mine Property is situated east of the City of Grass Valley and south of Nevada City, in western Nevada County.

The I-M Mine Property is situated east of the City of Grass Valley and south of Nevada City, in western Nevada County.

State Route 49, State Route 20, and State Route 174 (state highways) connect the Grass Valley area regionally.

The Brunswick land and the adjacent Mill Site are situated on the south western quadrant of the intersection of the East Bennett Road, a two-lane artery, and Brunswick Road, a major two-lane artery connecting Grass Valley with State Highway 174.

Access to the Brunswick land is on Millsite Road via the East Bennet Road, approximately 2.8 miles east of Grass Valley Center.

The Idaho land is situated along the Idaho Maryland Road

to the south, centered between Railroad Avenue and Brunswick Road.

The Idaho land can be accessed by Idaho Maryland Road or Centennial Drive and multiple trails are present across the property.

The Brunswick land and the adjacent Mill Site are situated on the south western quadrant of the intersection of the East Bennett Road and Brunswick Road, a road connecting Grass Valley with State Highway 174.

Access to the Brunswick land is on East Bennet Road, approximately 2.8 miles east of Grass Valley Center.

The Idaho land can be accessed by Idaho Maryland Road or Centennial Drive.

Rise owns a 100% interest in the I-M Mine Property and there are no known royalties on future gold production.

16 unchanged sentences

The mine waste consolidation area is to be covered with additional material from future mining operations that will be used to prepare the property for future commercial/industrial uses.

The RAP was reviewed by Cal EPA, and a Draft Final RAP is to be submitted to Cal EPA for final technical review.

The RAP was reviewed by Cal EPA, and approval of the Final RAP is currently in progress.

Brunswick & Mill Site Land

15 unchanged sentences

This mine waste is believed to have originated from offsite rather than from the New Brunswick shaft.

Mill Site Land

In 2006 a Phase II Environmental Site Assessment (ESA) for the Mill Site was completed by Geomatrix Consultants Inc.

for Sierra Pacific Industries, Inc.

Extensive reclamation and environmental work had previously taken place on the Mill Site.

There is mine waste rock on the property which has elevated arsenic levels however Geomatrix concluded that this rock is not discharging elevated metals into the local watershed.

Ground water samples taken on the site as part of the ESA had residual Volatile Organic Compounds (VOC).

The evaluation concluded that the residual VOC contamination presents no threat to human health from vapor migration to indoor air.

The property has a deed restriction which restricts the use of groundwater for any domestic purpose and the construction of wells for the purpose of extracting water unless expressly permitted by the Regional Water Board (Geomatrix, 2006).

Exploration Permits

49 unchanged sentences

The I-M Mine has a rich history of mining work completed between 1863 and 1956 by various operators.

Extensive exploration and underground mine development was completed during that time on the I-M Mine Property.

Extensive exploration and underground mine development were completed during that time on the I-M Mine Property.

The I-M Mine Property and its comprehensive collection of original documents was rediscovered in 1990 by Consolidated Del Norte Ventures Inc., the predecessor company of Emgold Mining Corporation (" Emgold "), and efforts were made to reopen the historic mine.

33 unchanged sentences

Old Brunswick

Mined & Milled

Mill Head Grade

Metallurgical

Gold Produced

New Brunswick

34 unchanged sentences

Mines and Mineral Resources of Nevada County (1918)

· Clark, Jack.

Gold in Quartz:

28 unchanged sentences

Ankerite is a common alteration mineral and may occur in the mafic and ultra-mafic rocks and the meta-volcanic rocks.

The mineralized wallrock is strongly carbonate altered.

The mineralized wall rock is strongly carbonate altered.

Gold mineralization on the I-M Mine Property can be divided into three significant vein systems:

8 unchanged sentences

Alternatively, the shape of the Brunswick Block may have influenced this trend.

The Idaho #1 Vein occurs coincident with a diabase dike hosted in serpentinite, in close proximity to the serpentinite-Brunswick Block contact.

The Idaho #1 Vein occurs coincident with a diabase dike hosted in ankerite, in close proximity to the serpentinite-Brunswick Block contact.

Just west of the Idaho shaft, at the western end of the Idaho #1 Vein, the diabase dike bends in an arc to the south mimicking a fold around the nose of the Brunswick Block.

The Eureka-Idaho ore shoot pinches out at the I1500 Level but significant gold grades coincident with a diabase dike hosted in serpentinite in close proximity to the serpentinite-Brunswick contact were exposed in workings on the I2400 Level suggesting the vein may open up again or a second vein is present.

To the east, the Eureka-Idaho ore shoot

pinches out near the #2 Vein.

To the east, the Eureka-Idaho ore shoot pinches out near the #2 Vein.

All rocks are highly altered and contain much ankerite.

19 unchanged sentences

The mine operator was following the Idaho #5 Vein towards the 6-3 Fault and located the 23 Vein by diamond drilling.

The 23 Vein dips to the northwest as opposed to the southwest and is hosted entirely in serpentinite.

The 23 Vein dips to the northwest as opposed to the southwest and is hosted entirely in ankerite/serpentinite.

It is quite narrow but was noted to contain abundant visible gold.

The 23 Vein was followed along strike to the south east directly to its intersection with the 6-3 Fault.

The 23 Vein was followed along strike to the southeast directly to its intersection with the 6-3 Fault.

Brunswick System

4 unchanged sentences

A few veins with opposite strike and dip occur.

The veins are most numerous and have

the highest grades near the 6-3 Fault.

The veins are most numerous and have the highest grades near the 6-3 Fault.

The veins nearest to the fault turn to the north on the footwall side, suggesting a northward component of movement of the hanging wall.

32 unchanged sentences

Drill Intercept Highlights Released to July 30th 2019

Intercept Length (m)

Estimated True Width (m)

No Significant Intercepts

15 unchanged sentences

The -100-micron fraction is homogenized and two sub-samples of 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.

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 reported as the Au (-) fraction result.

15 unchanged sentences

Mineral Processing and Metallurgical Testing

Rise has conducted no mineral processing or metallurgical testing analyses on the I-M Mine Property.

Rise has conducted mineral processing and metallurgical testing analyses on recent drill core from the I-M Mine Property for the purpose of environmental study in conjunction with permitting efforts.

A significant amount of production has occurred on the I-M Mine Property which confirms that gold can be recovered, mainly by gravity and flotation methods.

64 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties