Item 8.01 Other Events
Rise Gold Corp. announced that the Nevada County government has released a
favorable Draft Environmental Impact Report (the "DEIR") for the Idaho-Maryland
Mine Project (the "IMM Project"). The report's release represents a major
milestone toward the approval of the Company's Use Permit application to reopen
the historic past-producing Idaho-Maryland Gold Mine.
The independently prepared DEIR is the culmination of two years of intensive
study by the Nevada County government with the support of its consultant Raney
Planning & Management Inc. located in Sacramento, and contributions from several
qualified technical experts and scientists. The DEIR concluded that there are no
significant impacts to air quality, biological resources, water quality,
groundwater, vibrations, or noise from operations from the proposed re-opening
of the Idaho-Maryland mine.
The DEIR identified three significant unavoidable impacts from the project:
º Temporary construction noise from the installation of a water pipeline
º Addition of traffic to an intersection currently operating at an
unacceptable level of service
º Aesthetics due to noticeable changes to the existing visual character of
the project sites
The Company believes that the project's economic and community benefits
significantly outweigh the three unavoidable impacts identified in the DEIR.
Preparation of the DEIR, in accordance with the California Environmental Quality
Act ("CEQA"), is a major approval process milestone. A general outline of
remaining milestones in the Use Permit process are as follows:
1) Draft Environmental Impact Report public comment period of 60 days;
2) After review of the public comments on the DEIR, Nevada County publishes a
Final Environmental Impact Report (the "FEIR") which will include responses to
public comments;
3) The Nevada County Planning Commission holds a public hearing to consider the
FEIR and makes a recommendation on project approval to the Nevada County Board
of Supervisors;
4) The Board of Supervisors holds a public hearing to consider and make a final
decision on the IMM Project. A majority vote of the five supervisors is required
to approve the project.
The timeline to complete the Use Permit process is largely dependant on the
Nevada County government. The most recent mining related EIR process completed
in 2019 by Nevada County was the Boca Quarry Expansion. In that case, the Nevada
County Board of Supervisors approved the project approximately five months from
the release of the DEIR. Based on this recent precedent, the Use Permit process
for the IMM Project could be completed by June of 2022.
A recent survey of Nevada County conducted by J. Wallin Opinion Research
demonstrates strong local support for the IMM Project. A majority (59%) of
respondents supported the re-opening of the Idaho-Maryland Mine with only 34% of
respondents opposed. Majority support for the project is consistent across all
the county's five districts.
The entire Nevada County DEIR for the Idaho-Maryland Mine Project is available
on the Nevada County website.
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Item 9.01 Financial Statements and Exhibits
Exhibit
No. Description
99.1 Press release dated January 4, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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RISE GOLD CORP. 
