10:48:46 EDT Mon 21 May 2018
Enter Symbol
or Name

Rainy Mountain Royalty Corp (2)
Symbol C : RMO
Shares Issued 45,900,531
Close 2017-09-12 C$ 0.075
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Rainy Mountain completes trenching at Brunswick

2017-09-12 14:27 ET - News Release

Mr. Douglas Mason reports


Rainy Mountain Royalty Corp. has completed its most recent trenching program on the east grid of its optioned gold exploration property, which has revealed two new zones. The property is located 140 kilometres south of Timmins, Ont., and is accessible year-round by bush road connecting to Highway 560 which links to the west with Highway 144 and then north to Timmins (via Highway 101).

East grid trenching highlights:

  • 800-metre extension to west of original gold showing exposed by trench with 0.388-gram gold grab sample;
  • Strong mineralization exposed on extensions from drill hole BE04;
  • Assays of 0.12 gram gold in veins with chalcopyrite (copper), 200 metres west of drill hole BE04 with pathfinder elements detected.

Rainy Mountain has just completed the next phase of trenching and sampling on the east grid of the property, which has exposed a strong deformation zone extending from drill hole BE04 (see the company's news releases of July 12, July 17 and Aug. 28, 2017, for additional details). This zone contains quartz veins up to one metre in width that contain chalcopyrite (copper) striking in the same direction as the major shear associated with the 2.1-kilometre-long induced polarization (IP) anomaly tested by drill hole BE04. This shear is 400 metres north of the Ridout fault and is parallel to that structure. Trenching has exposed this structure from line 50100E to line 49750E at 97 plus zero north (a distance of 350 metres of mineralization). Assays from grab samples along this structure yielded 0.12 gram gold (check assay pending) from both carbonate rock with sulphides and quartz veins with chalcopyrite. Very anomalous arsenic values and vanadium, copper and antimony were associated with this zone. Drill hole BE04 itself contained the highest arsenic value found to date on the property of 8,380 parts per million and four very anomalous gold values of 0.298, 0.113, 0.207 and 0.364 gram gold, attracting the company's special attention to this zone.

Trenching has also exposed another deformation zone extending west from the original gold showing on line 49800 at 102 plus 50 north to line 49000E at 102 plus 25 north. Photos of this zone will be posted on the company website shortly, along with a map of the east grid of the property showing the IP anomalies, completed drill holes, proposed drill holes and trench locations. Assays of 0.31 gram gold (check assay of 0.388 gram gold) were obtained from folded quartz veins in this deformation zone at line 49000, 102 plus 20 north, similar to the halo gold values seen at the original showing. Elevated arsenic, silver and lead values were also seen in this zone. Drilling is required to more accurately cross-section the geology and to properly sample all the veins in this structure. Soil gold anomalies are associated with this particular deformation zone, which is encouraging the company to do further drilling along strike.

Additional prospecting and sampling have also been carried out on the west side of the Brunswick property, and two assays are pending from that area.

Drilling of a series of holes is being planned along strike to drill hole BE04 and the extension of the original gold zone. The company believes that the trenching to date has been a very valuable tool in exposing the geology of the property. Nonetheless, gaps in exposure may occur which then need to be drilled for even more accurate geological analysis.

Assay preparation

Assaying was completed by ALS Canada in North Vancouver, B.C., and sample preparation was done by ALS Canada in Timmins, Ont. Gold assays exceeding 0.2 gram with acid digestion ICP (inductively coupled plasma) analysis were then assayed by fire assay on a 30-gram sample, and any assays exceeding three grams were reassayed by way of fire assay with a 30-gram sample. Pathfinder elements were measured using the ICP acid digestion method on two-gram samples.

This news release has been reviewed and approved by Robert Middleton, PEng, who is acting as the company's qualified person for the Brunswick property, in accordance with regulations under National Instrument 43-101.

We seek Safe Harbor.

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