Rise Gold's writ to compel Nevada County denied; Court finds mining right abandoned by 1963; plans appeal

Rise Gold Corp.

Superior Court denied Rise's Writ of Mandamus seeking recognition of a vested right to operate the Idaho-Maryland Mine.
Court ruled that a constitutional right to mine vested in 1954 but that Idaho-Maryland Mine Corp. abandoned it by 1963.
Rise plans to appeal, arguing the Court erred on evidence standards and ignored intent to preserve mining rights.
If appeal fails, Rise may file a Fifth Amendment takings action against Nevada County, estimating mineral estate value at $400 million+.
CEO cited errors: Court ignored equipment sales to preserve property and required no evidence from County on intent.

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