Received by email:
File: RMO-NR0423.doc
News Release No. 13-08
Trading symbol: TSX-V: RMO
‘RM Zone' Geophysical Target Yields 43 metres of 1.38% Copper Including
10 metres of 2.52% Copper at Marshall Lake Property, Ontario
West Vancouver, British Columbia - April 23, 2013 - Rainy Mountain Royalty Corp. (the "Company" or "Rainy Mountain") i
--->s very pleased to announce that its joint venture partner, White Tiger Mining Corp. ("White Tiger" - TSX-V:WTC) has re
--->ported drilling assay results for its recently completed core drill holes RMZ 12-39 and RMZ 13-40 on the Marshall Lake
---> property, which are the first two holes to be drilled between the "RM Zone" and "RM South Zone".
According to White Tiger, drill hole RMZ 13-40 (located 50 metres east of drill hole RMZ 11-29) was designed to test a
---> recently reported IP (Induced Polarization) 3D chargeability anomaly positioned midway between the RM Zone and RM Sou
--->th Zone. Drill hole RMZ 13-40 was drilled to a depth of 221 metres and the assay results are presented in the followin
--->g table:
Hole Number
From
(metres)
To
(metres)
Width
(metres)
Cu
(%)
Ag
(g/tonne)
Au
(g/tonne)
RMZ 13-40
144
187
43
1.38
5.40
0.040
including
144
177
33
1.66
6.17
0.047
including
145
155
10
2.52
9.40
0.065
White Tiger has indicated that the exceptional copper mineralization encountered in drill hole RMZ 13-40 provides evid
--->ence that the RM Zone mineralization (as indicated by drill holes GAZN 10-17 and GAZN 10-19 on its western periphery)
--->may extend along strike 100 metres through drill hole RMZ 13-40 and through drill hole RMZ 11-29 to the previously rep
--->orted 24 metres of 1.01% copper mineralization intersected in hole RMZ 11-23 within the RM South Zone (see news releas
--->e dated May 3, 2011) and remaining open to the southwest. With these initial successful results, White Tiger has indic
--->ated that further drilling of this first of four IP anomalies is being planned (which has the potential to extend the
--->mineralization up-dip to surface to the north).
Based on the results to date, the aggregate strike length of the RM Zone and RM South Zone is estimated by White Tiger
---> to be at least 200 metres.
White Tiger has also indicated that it is now in receipt of assay results from drill hole RMZ 13-41, which was collare
--->d 25 metres north of RMZ 13-40 and tested the up-dip extension of copper mineralization in drill hole RMZ 13-40 (as re
--->ported above). At the time of this news release, the assay results from drill hole RMZ 13-41 are being reviewed by Whi
--->te Tiger and will be reported once fully analyzed.
Also, upon resumption of White Tiger's recent drilling program, drill hole RMZ 12-39 (collared 25 metres east of drill
---> hole RMZ 11-23 and 125 metres to the south of RMZ 13-40) was continued from a depth of 356 metres down to a total dep
--->th of 383 metres. Complete assay results for RMZ 12-39 are presented in the following table:
Hole Number
From (metres)
To (metres)
Width (metres)
Cu (%)
Ag (g/tonne)
Au (g/tonne)
RMZ-12-39
58
68
10
0.26
1.21
0.014
72
76
4
0.40
1.83
0.031
and
118
121
3
0.69
2.07
0.018
and
239
243
4
0.41
1.83
0.183
and
351
361
10
0.22
1.57
0.023
According to White Tiger, all drill core (as referred to in the above two tables) was split at the Marshall Lake prope
--->rty and sample preparation was done by ALS Canada in Thunder Bay, Ontario. Pulp samples (<75 microns) were then sent b
--->y secure courier to ALS Canada in North Vancouver, British Columbia and analyzed by ICP spectrometer ("ICP") using a 0
--->.5g representative pulp dissolved in Aqua Regia (3 acid) digestion. All samples grading over 1.0% copper were re-assay
--->ed with ore grade ICP and Aqua Regia digestion. Gold analysis was done on a 30 gram sample by fire assay extraction wi
--->th AA ("Atomic Absorption") finish.
The Marshall Lake property is an advanced exploration stage copper (Cu), silver (Ag) and gold (Au) project located 30
--->km west of Nakina, Ontario (access is via good all weather gravel road from Hwy 11 and 22 km north of the main CNR rai
--->l line).
White Tiger has the option to earn a 50% interest in the Marshall Lake property project from Rainy Mountain and Marsha
--->ll Lake Mining PLC ("MLM") by spending $4 million in exploration expenditures over 5 years and issuing 2 million share
--->s over 4 years to Rainy Mountain. As well, White Tiger has the additional option to increase its interest to 75% by in
--->curring such additional expenditures as are necessary to take the project to bankable feasibility stage. As at October
---> 31, 2012, White Tiger has earned a 25% joint venture interest in the Marshall Lake property project.
This news release has been reviewed and approved by Gordon Gibson, P.Geo., who is acting as the Company's Qualified Pe
--->rson for the Marshall Lake property project, in accordance with regulations under NI 43-101.
For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, or visit the Company'
--->s website at www.rmroyalty.com.
Rainy Mountain Royalty Corp.
"Douglas L. Mason"
_________________________________
Douglas L. Mason, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the
---> TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of ap
--->plicable securities legislation. All statements, other than statements of historical facts, that address such matters
--->as future exploration, drilling, exploration activities, potential mineralization and resources and events or developm
--->ents that the Company expects, are forward looking statements and, as such, are subject to risks, uncertainties and ot
--->her factors of which are beyond the reasonable control of the Company. Such statements are not guarantees of future pe
--->rformance and actual results or developments may differ materially from those expressed in, or implied by, this forwar
--->d-looking information. Factors that could cause actual results to differ materially from those in forward-looking stat
--->ements include such matters as market prices, exploitation and exploration results, continued availability of capital
--->and financing, and general economic, market or business conditions. Any forward-looking statements are expressly quali
--->fied in their entirety by this cautionary statement. The information contained herein is stated as of the current date
---> and subject to change after that date and the Company does not undertake any obligation to update publicly or to revi
--->se any of the forward-looking statements, whether as a result of new information, future events or otherwise, except a
--->s may be required by applicable securities laws.
File: RMO-NR0423.pdf
News Release No. 13-08
Trading symbol: TSX-V: RMO
`RM Zone' Geophysical Target Yields 43 metres of 1.38% Copper Including
10 metres of 2.52% Copper at Marshall Lake Property, Ontario
West Vancouver, British Columbia April 23, 2013 Rainy Mountain Royalty Corp. (the "Company" or
"Rainy Mountain") is very pleased to announce that its joint venture partner, White Tiger Mining Corp.
("White Tiger" TSX-V:WTC) has reported drilling assay results for its recently completed core drill
holes RMZ 12-39 and RMZ 13-40 on the Marshall Lake property, which are the first two holes to be
drilled between the "RM Zone" and "RM South Zone".
According to White Tiger, drill hole RMZ 13-40 (located 50 metres east of drill hole RMZ 11-29) was
designed to test a recently reported IP (Induced Polarization) 3D chargeability anomaly positioned
midway between the RM Zone and RM South Zone. Drill hole RMZ 13-40 was drilled to a depth of
221 metres and the assay results are presented in the following table:
Hole Number From To Width Cu Ag Au
(metres) (metres) (metres) (%) (g/tonne) (g/tonne)
RMZ 13-40 144 187 43 1.38 5.40 0.040
including 144 177 33 1.66 6.17 0.047
including 145 155 10 2.52 9.40 0.065
White Tiger has indicated that the exceptional copper mineralization encountered in drill hole RMZ
13-40 provides evidence that the RM Zone mineralization (as indicated by drill holes GAZN 10-17
and GAZN 10-19 on its western periphery) may extend along strike 100 metres through drill hole
RMZ 13-40 and through drill hole RMZ 11-29 to the previously reported 24 metres of 1.01% copper
mineralization intersected in hole RMZ 11-23 within the RM South Zone (see news release dated
May 3, 2011) and remaining open to the southwest. With these initial successful results, White Tiger
has indicated that further drilling of this first of four IP anomalies is being planned (which has the
potential to extend the mineralization up-dip to surface to the north).
Based on the results to date, the aggregate strike length of the RM Zone and RM South Zone is
estimated by White Tiger to be at least 200 metres.
White Tiger has also indicated that it is now in receipt of assay results from drill hole RMZ 13-41,
which was collared 25 metres north of RMZ 13-40 and tested the up-dip extension of copper
mineralization in drill hole RMZ 13-40 (as reported above). At the time of this news release, the
assay results from drill hole RMZ 13-41 are being reviewed by White Tiger and will be reported once
fully analyzed.
Also, upon resumption of White Tiger's recent drilling program, drill hole RMZ 12-39 (collared 25
metres east of drill hole RMZ 11-23 and 125 metres to the south of RMZ 13-40) was continued from
a depth of 356 metres down to a total depth of 383 metres. Complete assay results for RMZ 12-39
are presented in the following table:
2489 Bellevue Avenue, West Vancouver, BC V7V 1E1 Tel 604 922 2030 Fax 604 922 2037
Hole From To Width Cu Ag Au
Number (metres) (metres) (metres) (%) (g/tonne) (g/tonne)
RMZ-12-39 58 68 10 0.26 1.21 0.014
72 76 4 0.40 1.83 0.031
and 118 121 3 0.69 2.07 0.018
and 239 243 4 0.41 1.83 0.183
and 351 361 10 0.22 1.57 0.023
According to White Tiger, all drill core (as referred to in the above two tables) was split at the
Marshall Lake property and sample preparation was done by ALS Canada in Thunder Bay, Ontario.
Pulp samples (<75 microns) were then sent by secure courier to ALS Canada in North Vancouver,
British Columbia and analyzed by ICP spectrometer ("ICP") using a 0.5g representative pulp
dissolved in Aqua Regia (3 acid) digestion. All samples grading over 1.0% copper were re-assayed
with ore grade ICP and Aqua Regia digestion. Gold analysis was done on a 30 gram sample by fire
assay extraction with AA ("Atomic Absorption") finish.
The Marshall Lake property is an advanced exploration stage copper (Cu), silver (Ag) and gold (Au)
project located 30 km west of Nakina, Ontario (access is via good all weather gravel road from Hwy 11
and 22 km north of the main CNR rail line).
White Tiger has the option to earn a 50% interest in the Marshall Lake property project from Rainy
Mountain and Marshall Lake Mining PLC ("MLM") by spending $4 million in exploration expenditures over
5 years and issuing 2 million shares over 4 years to Rainy Mountain. As well, White Tiger has the
additional option to increase its interest to 75% by incurring such additional expenditures as are necessary
to take the project to bankable feasibility stage. As at October 31, 2012, White Tiger has earned a 25%
joint venture interest in the Marshall Lake property project.
This news release has been reviewed and approved by Gordon Gibson, P.Geo., who is acting as the
Company's Qualified Person for the Marshall Lake property project, in accordance with regulations under
NI 43-101.
For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030,
or visit the Company's website at www.rmroyalty.com.
Rainy Mountain Royalty Corp.
"Douglas L. Mason"
_________________________________
Douglas L. Mason, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning
of applicable securities legislation. All statements, other than statements of historical facts, that address such mat
--->ters
as future exploration, drilling, exploration activities, potential mineralization and resources and events or
developments that the Company expects, are forward looking statements and, as such, are subject to risks,
uncertainties and other factors of which are beyond the reasonable control of the Company. Such statements are not
guarantees of future performance and actual results or developments may differ materially from those expressed in,
or implied by, this forward-looking information. Factors that could cause actual results to differ materially from tho
--->se in
forward-looking statements include such matters as market prices, exploitation and exploration results, continued
availability of capital and financing, and general economic, market or business conditions. Any forward-looking
statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is
stated as of the current date and subject to change after that date and the Company does not undertake any
obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by applicable securities laws.
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