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Golden Rapture Mining Corp
Symbol GLDR
Shares Issued 25,574,224
Close 2024-11-04 C$ 0.105
Market Cap C$ 2,685,294
Recent Sedar Documents

Golden Rapture drills 0.5 m of 59.99 g/t Au at Phillips

2024-11-04 19:07 ET - News Release

Mr. Richard Rivet reports

GOLDEN RAPTURE MINING CONTINUES TO INTERSECT HIGH-GRADE GOLD AT NEAR SURFACE

Golden Rapture Mining Corp. has released continued near-surface high-grade drilling results at its 10,000-acre Phillips township gold property, located in the Rainy River district in Northwestern Ontario.

The company's highly successful 2024 exploration season is now complete, and Golden Rapture is excited to confirm the presence of shallow high-grade zones around the old mine shafts and also outside the extensions of the old Combined mine workings yielding high-grade drill results as high as 285.00 grams per tonne (g/t) gold (Au).

The 23 drill holes this summer, combined with the past 33 historical shallow drill holes done in 1984, 1986 and 2017, strongly highlight the potential that the property may be amenable to open-pit mining.

There are also large piles of quartz material with recent grab sample results as high as 125.05 g/t Au that come from the seven shafts at the Combined mine area that, together with the recent and historical near-surface high-grade zones, could provide mill feed to the New Gold Rainy River gold mine, located approximately 40 kilometres to the South. The results from phase 2 drilling (holes 19 to 23) can be seen in an attached table.

What is next

Golden Rapture is also looking at possibly exploring another part of the property with great potential called the Young's Bay occurrence (three shafts and trenches), which is located around 600 metres southeast of the Combined mine. It hosts six known parallel quartz veins, four of which have visible gold having 262 metres in strike length. In 1949, gold was recovered from 7.3 tonnes of material from vein No. 1 and taken from a depth up to 3.7 metres for a grade of 750 g/t/Au.

A total of 22 samples were recently taken from an old pit and three veins at this Young's Bay gold occurrence.

Golden Rapture president Richard Rivet said:

"We have only been listed on the CSE since March of this year and the property has already surpassed our original expectations so we look forward to the future and possibly discovering its other hidden possibilities. Please stay tuned as we are presently analyzing all our options and possible future plans."

History

The property has a total of 18 mine shafts, including a ramp and an adit. Exploration in the area is said to have started around 1885, when a large number of high-grade gold discoveries were made and where many properties were brought into production during what became known as the Lake of the Woods gold rush. The gold rush was short lived when most prospectors stampeded to the Klondike in 1897.

The property saw very limited exploration until three other new gold discoveries were made in 1970s and 1980s, and in 1999, namely the OGS, Terrell and Kuluk gold showings, respectively. It was again revived in 2017, when a 10-shallow-hole drill program intersected gold in every hole, but the explorer ran out of funds and never followed up.

It is the first time that all these underexplored high-grade gold systems are part of a single property. They include the high-grade Combined mine, Mascotte mine, Trojan mine, Boulder mine, Terrell occurrence, OGS occurrence, Kuluk occurrence and Young's Bay occurrence.

The property has good year-round access with a major highway (Highway 71) and power lines crossing the entire length of the property. It also has great local infrastructure, manpower, heavy-duty equipment, grocery, restaurants and lodging nearby etc.

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 QA/QC (quality assurance/quality control) procedures

All sampling completed by Golden Rapture 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 conforms to requirements of ISO/IEC Standard 17025 guidelines and meets assay requirements outlined for National Instrument 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, being the Rainy River area of Northwestern Ontario, Canada.

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