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Golden Rapture Mining Corp
Symbol GLDR
Shares Issued 24,346,871
Close 2024-09-16 C$ 0.21
Market Cap C$ 5,112,843
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Golden Rapture starts phase 2 drilling at Phillips

2024-09-16 17:35 ET - News Release

Mr. Richard Rivet reports

GOLDEN RAPTURE MINING COMMENCES PHASE 2 DRILL PROGRAM BASED ON SUCCESSFUL PHASE 1 DRILLING RESULTS AS HIGH AS 285.00 G/T AU

Golden Rapture Mining Corp. has commenced a phase II diamond drilling program at its flagship 10,000-acre Tier 1 Phillips Township gold property located in the Rainy River district, Nestor Falls, northwest Ontario.

The company's small 500-metre phase 1 exploratory program involved drilling 18 shallow drill holes with an average depth of approximately 90 feet using a small portable diamond drill. The company is pleased to have successfully discovered a series of vertical veins at shallow depths that it believes could have played an important role in the gold deposition in this area known for originally only hosting a large flat-lying quartz structure around the old combined mine shafts.

Phase 1 summary announced on Sept. 5, 2024, included highlights of 114.96 grams per tonne gold across 2.55 metres (4.05 ounces per ton gold over 8.4 feet) and 111.16 g/t Au across 1.50 metres (3.9 oz/t gold over 4.9 feet).

Richard Rivet, chief executive officer of Golden Rapture, commented: "This will be our second drill program since becoming listed on the [Canadian Securities Exchange] on March 12, 2024. Our team is extremely pleased to have discovered near-surface high-grade gold in what we believe could be vertical feeder zones in the area of our combined mine.

"We excitingly look forward to this phase 2 follow-up drilling of these series of high-grade vertical veins that are open in all directions as they could get wider and richer at depth as is typical in the area."

The company's land package totals 236 claim cells for approximately 10,000 plus acres and is located near the New Gold Rainy River gold mine located just 30 kilometres away with plus eight million ounces.

The Phillips Township property hosts a total of 18 mine shafts and an adit. They include the combined mine which the company is exploring now, the Mascotte mine, Trojan mine, Boulder mine, Terrell Mine, OGS occurrence, Kuluk occurrence and the Young's Bay occurrence.

The property has year-round access with a major highway and power lines crossing the entire length of the property. It also has good local infrastructure, manpower, heavy-duty equipment and a hospital with local services nearby. There is also a cell tower in the centre of the property and a first nations drilling contractor located just kilometres away.

Qualified person

The technical disclosure in this news release has been reviewed and approved by John Archibald, PGeo, qualified person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Analytical laboratory and quality assurance/quality control procedures

All sampling completed by Golden Rapture Mining within its exploration programs is subject to a company standard of internal quality control and quality assurance (QA/QC) programs, which include the insertion of certified reference materials, blank materials and a level of duplicate analysis. Surface grab samples from the 2024 summer program were all sent to AGAT Laboratories. AGAT Laboratories conform to requirements of ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) standard 17025 guidelines and meets assay requirements outlined for NI 43-101.

About Golden Rapture Mining Corp.

Golden Rapture Mining is a well-financed exploration company engaged in the acquisition, exploration and development of high-potential assets located in favourable, established Tier 1 mining jurisdictions of northwest Ontario, Canada.

We seek Safe Harbor.

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