Critical Minerals Exploration

Eight Drill Holes Target Two Key Mine Zones

The drill program will focus on two areas inside the mine: Union Hill and Brunswick. Rise Gold will test both zones for tungsten and gold mineralization. All eight holes will be drilled from two fixed surface locations, keeping the operation compact and cost-efficient. Chatham Daily News notes the program totals approximately 11,400 feet of core drilling.

Rise Gold acquired the mineral estate and core surface properties at the Idaho-Maryland site in 2017. The mine has been idle for decades, but the company sees untapped potential in both precious metals and critical minerals still locked underground.

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Why the Idaho-Maryland Mine Closed in 1957

The mine did not close because it ran out of gold or tungsten. According to The Sudbury Star, the price of tungsten collapsed by more than half in 1957. At the same time, the US Congress shut down its defense minerals support program. The mine's operator simply ran out of money to keep developing the tungsten deposits.

Operations were suspended in 1955 and never resumed. The mine had averaged a mill head grade of 0.50 ounces of gold per ton during its nearly 100-year run — a strong grade by any measure. The tungsten resources were left largely untouched.

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Tungsten Now on US Critical Metals List for Defense

The timing of this drill program is no accident. The US Energy Act of 2020 started a process to identify metals vital to the country. Tungsten made the 2023 DOE Critical Metals List. Stratford Beacon Herald notes that tungsten is a necessary component in a wide range of defense applications, making it strategically important for the US military.

The US currently imports most of its tungsten, with China dominating global supply. Domestic sources like the Idaho-Maryland Mine could reduce that dependence. Rise Gold appears to be positioning itself at the intersection of gold exploration and critical minerals strategy — a combination that carries real appeal for investors and policymakers alike.

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Rise Gold Trades on CSE and OTCQB Markets

Rise Gold Corp. trades under the ticker RISE on the Canadian Securities Exchange and as RYES on the OTCQB market in the US. Goderich Signal Star reports the company has been building its position at the Idaho-Maryland project since acquiring the property in 2017. The upcoming drill program is its most targeted effort yet to unlock the site's dual-commodity potential.

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