Rise Gold (CSE:RISE, RYES) has completed a first underwater inspection of the New Brunswick shaft, where a remote operated vehicle was used to check the condition of the mine shaft and the timberwork (and both appear to be in good shape).
That’s good news for the company as this shaft, which was used as primary shaft in the heydays of the Idaho-Maryland mine, could be vital for the company’s exploration and production plans. As you might remember from our previous reports, this shaft reached a depth of in excess of 1,000 meters and provides access to all main historical levels of the mine. The preliminary indications are positive, and Rise Gold is now planning to send a remote operated vehicle to check the deepest parts of the shaft and to take samples of the timberwork (to check for decay).
Go to Rise Gold’s website
The author has a long position in Rise Gold. Rise is a sponsor of the website. Please read the disclaimer
