Brunswick Property West Grid Identifies Additional Drill Targets
West Vancouver, British Columbia – May 4, 2017 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) reports that it has identified additional drill targets at its optioned gold exploration property (the “Brunswick Property” or “Property”). The Brunswick Property is accessible year round by bush road connecting to Highway 560 that links to the west with Highway 144 and then north to Timmins (via Highway 101).
A 2.4 km long grid extension along the central west side of the Brunswick Property has been cut and partly surveyed which has identified extensions to the shears occurring on the east grid and other parallel shears that were mapped in the fall of 2016. Additionally, prospecting has resumed, now that the snow has melted sufficiently to expose outcrops. These new outcrops have exposed carbonate-sericite shear extensions along strike to the area where the arsenic-antimony (As-Sb) rock geochemical anomaly occurs. As well, additional surface samples are being gathered on the Property and will be submitted for analysis to trace the extent of the arsenic-antimony zone (in relation to the induced polarization chargeability anomalies). Heavy rains and wind storms have slowed the progress of the survey work in the last week of April. However, work is now continuing and will be completed prior to any drilling in an effort to optimize the chances of success in selecting the best drill targets on the Property.
In addition, an induced polarization (“IP”) survey (with 12.5m station intervals) has also been completed on both the east and west grids. This work has assisted the Company in tracing the carbonate alteration and fault structures, as well as, locating diabase dikes. The IP survey identifies sulphide mineralization within the shear zone that could be associated with gold mineralization.
Thus far, ten high priority drill sites have been selected on the east side grid and an additional four drill sites are already known on the west side grid (with possibly more expected as the survey and sampling continues).
Of note as well, four shear zone structures can be seen on the west side of the Property (which is comparable to the east side), which parallels the Ridout Fault Zone. Two of these shears have known arsenic-antimony values and the other shears are presently being sampled. IP anomalies are now known to be associated with the arsenic-antimony geochemical anomaly. These four shears are the fault offset of the shears on the east side of the Property. A major northerly trending fault, called the Nabakwasi River Fault, created this offset of the geology which fault is much younger in age and unrelated to the mineralization. In particular, the IP chargeability flanks the arsenic-antimony geochemical anomaly, which envelops those sheared rocks and is associated with closely spaced parallel shears, and continues beyond the known geochemical anomaly towards the porphyry intrusion to the east. The Company believes that this is an ideal setting for a gold deposit which appears to be quite similar to the setting found at the Bell Creek Mine in Timmins.
This news release has been reviewed and approved by Robert Middleton, P.Eng., who is acting as the Company’s Qualified Person for the Brunswick 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
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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 matters 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 those 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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.