Rainy Mountain Enters into Drilling Contract for its Brunswick Property Exploration Program
West Vancouver, British Columbia – March 23, 2017 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) has engaged Laframboise Drilling Inc. of Earlton, Ontario to complete a 2,000 metre diamond drill program on the Company’s optioned gold exploration property (the “Brunswick 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).
Rainy Mountain is currently completing a 40 km grid line extension on the Brunswick Property. The Company started with an 800m extension containing four-2 km long lines on the east side of the Property. The east grid line extension is intended to cover a porphyry occurrence and the extension of the previously sampled gold showing, as well as a strong IP anomaly (see December 2, 2016, December 12, 2016, January 3, 2017 and March 3, 2017 News Releases for additional details). A 2.4 km grid line extension will also be cut to the west to cover an arsenic-antimony anomaly and a second porphyry body found on the south west corner of the original grid during the geology-prospecting done in November/December 2016. Additionally, a deep IP Survey is scheduled to start on the east side of the Property within the next few days.
Drilling on the Brunswick Property is scheduled to begin in April 2017. Thus far, twelve drill sites have been selected on the original grid, with potentially more drill sites to be added when the grid line extension is completed.
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.