00:32:54 EDT Tue 17 Mar 2026
Enter Symbol
or Name
USA
CA



Golden Rapture Mining Corp
Symbol GLDR
Shares Issued 52,489,930
Close 2026-03-16 C$ 0.06
Market Cap C$ 3,149,396
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Golden Rapture enters option to acquire Swell Bay

2026-03-16 17:51 ET - News Release

Mr. Richard Rivet reports

GOLDEN RAPTURE MINING ACQUIRES HIGH-GRADE SWELL BAY PROJECT WITH HISTORICAL RESULTS UP TO 718.06 G/T AU AND 535.93 G/T AU - UPDATES ON ITS OTHER PROJECTS

Golden Rapture Mining Corp. has entered into an option agreement with Richard Loney and Terri-Lynn Henry (the optionors) to acquire 100 per cent of the mineral rights to seven patented mineral claims (the Swell Bay property) located approximately 40 kilometres northeast of Fort Frances in the Rainy River district of Ontario just a few kilometres from Highway 11.

The earliest recorded work on this property dates back to the 1890s, when initial developments included the sinking of a shaft along with several pits and trenches. Visible gold was reported and observed historically, and confirmed by other geologists years later and also recently. Gold mineralization is hosted not only within quartz veins but also throughout the shear zones, suggesting the potential for a broader and more structurally controlled gold-bearing system.

More recent exploration has further demonstrated the property's potential, with sampling completed by King's Bay Gold in 2001 returning exceptionally strong assay results, including grades of up to 718.06 grams per tonne Au (gold) and 535.93 g/t Au.

Property geology highlights from the report:

  • At the most eastern part of the property, the shear zone is 300 feet wide, it trends southwest, widens to approximately 1,500 feet and includes all of the rock of the peninsula between the two creeks at the eastern end of Swell Bay. Most of the gold-bearing quartz veins are within this shear zone.
  • One thousand feet east-northeast of the shaft, on claim FF3998, a shear zone in the gabbro has partly been replaced by quartz. The quartz zone, which trends N80EE, was traced 600 feet along strike. A 15-foot-long trench at the western end of this vein exposed a 12-foot long zone of chlorite schist, which contains three parallel quartz veins, two to three feet wide. The host rock on either side of the shear zone ranges from five to 25 feet wide and contains massive quartz up to 20 feet wide.
  • The vein material one thousand feet east of the shaft on claim FF4004 is limonite-stained quartz, which contains numerous vugs. In some samples, a fine-grained grey sugary quartz was cut by more coarse-grained glassy quartz. In order of decreasing abundance, the quartz contains minor amounts of disseminated pyrite, pyrrhotite, chalcopyrite and galena, along with streaks of chlorite. Small grains of gold were observed in the limonite-stained vugs with the sulphide minerals and in the sugary quartz.
  • Considerable visible gold was also observed on claim FF4000 from a three ft wide vein that can be followed for 100 ft, where it dips vertically into low ground at the bottom of a ridge.

Option agreement term

Golden Rapture will acquire a 100-per-cent interest in the Swell Bay property by completing the cash and share payments below to the optionors:

  • $5,000 and 150,000 shares on signing on or before March 10, 2026;
  • $10,000 and 500,000 shares on first anniversary on or before March 10, 2027;
  • $20,000 and 750,000 shares on second anniversary on or before March 10, 2028;
  • $30,000 and one million shares on third anniversary on or before March 10, 2029;
  • The optionors will retain a 2-per-cent NSR (net smelter return) on all gold or mineable products.

The option agreement is subject to the review of the Canadian Securities Exchange.

Updates

The company is making plans to get boots on the ground at this underexplored Swell Bay property very shortly, so please stay tuned for updates.

The company is also pleased to report the completion of two high-resolution UAV (unmanned aerial vehicle) airborne magnetic surveys at its 100-per-cent-owned Northern Queen mine property in the Dryden area, and the second at the company's 50-per-cent-owned Bully Boy mine patented claims in the Rainy River district.

The surveys were conducted by Rosor Exploration of Burlington, Ont., and were flown with a MagArrow magnetometer by Geometrics suspended from a Matrice 300 RTK drone along 50-metre spaced lines at a height of 50 metres for a total of 342.1 line kilometres covering an area of approximately 14.7 square kilometres. The survey results are expected in approximately two weeks, depending on how long it takes the geophysicist to process and image the data, and provide the company with a report.

Northern Queen mine property: This newly acquired 77 claim unit property hosts one historical mine shaft and comprised roughly 3,500 acres covering roughly nine km of strike length of highly prospective geology. The property lies along the southern boundary of the NexGold Goliath gold deposit, and the eastern part of the property is also situated on the northwestern border of the Dryden gold claims. It produced gold and silver from 1897 to 1899. Ownership 100 per cent.

Bully Boy mine property: Includes four patented mineral claims hosting two historical mine shafts. The historical records of the Bully Boy mine are limited; however, archival Ontario Ministry of Mines files indicate that high-grade gold was first discovered in 1885 and that it was mined intermittently from 1898 to 1906, employing up to 30 men at one time. Ownership 50 per cent.

Richard Rivet commented: "Both properties benefit from excellent infrastructure and strong accessibility. Golden Rapture Mining is a unique company in that it has the luxury of having its own in-house portable hydraulic diamond drill, giving us a significant exploration cost advantage and the flexibility to mobilize our drilling operations to any site at a moment's notice.

"We look forward to reviewing both survey results and pursuing the targets they reveal. With gold prices hitting record highs this year, we're excited to explore our highly promising properties in what continues to be a very favourable market environment for gold explorers."

Qualified person

This news release has been reviewed and approved by John Archibald, independent PGeo, qualified person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

About Golden Rapture Mining Corp.

Golden Rapture Mining is a newly listed exploration company engaged in the acquisition, exploration and development of high-potential projects. The company is proud to have assembled a portfolio of five exceptional gold projects, encompassing a total of 25 historical, underexplored mine shafts, which are also located near-established gold producers. Golden Rapture became listed on March 14, 2024, and presently has 52,389,390 shares issued.

We seek Safe Harbor.

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