Geophysical Anomalies Associated with Gold Mineralization Extended at Brunswick Property, Ontario
West Vancouver, British Columbia – April 4, 2017 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) announces the extension of geophysical anomalies associated with gold mineralization at Rainy Mountain’s 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).
An additional 800m (1/2 mile) of strike length has now been covered on the east side of the east grid on the Brunswick Property. This most recently completed work has extended four induced polarization (“IP”) chargeability trends associated with both gold mineralization and pyrite bearing sericite-carbonate schists, which are typical hosts for gold in the region. The IP geophysical method employed on the original east grid was used because if its ability to detect disseminated sulphide zones, which are often associated with gold, and at the same time, map the shear structures with resistivity data gathered with the IP readings. As well, additional mapping and prospecting has located occasional outcrops of the sericite – carbonate rock on these shears identified by the resistivity.
Similar shear zones have been traced for 1-2 km on the west side of the Property where anomalous arsenic-antimony values were found in bedrock samples. A series of 12 grid lines covering a 2.4 km (1 ½ mile) strike length of these shears is currently underway and should be completed by late April, prior to drilling. At the same time, a reassessment of all the drill targets will be made to select the highest priority targets from both the eastern grid targets already located and any new targets found on the grid extensions. As spring progresses, some roads are restricted for access for heavy equipment (due to frost coming out) which can cause delays in mobilizing the drill. These road constrictions apply to all trucking operations, including the local log haulers.
The Company is pleased to have numerous targets to select for testing, and will organize the upcoming drill program in an effort to optimize the chances of success and to gain the maximum amount of information on the Property’s geology. Further updates will be released as the program continues.
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.