News Release No. 11-11
White Tiger Mining Corp. Provides Property Update And Announces Continuation Of Drilling At The Cu-Ag-Au Marshall Lake Property, Ontario
West Vancouver, British Columbia – September 14, 2011 – Rainy Mountain Royalty Corp. (the “Company”) is pleased to announce that its joint venture partner, White Tiger Mining Corp. (“White Tiger” – TSX-V: WTC) has reported that core drilling has resumed this week on the Marshall Lake property project. The Marshall Lake copper, silver and gold exploration project is located 30 km west of Nakina, Ontario.
As reported by White Tiger, drilling of the “RM Zone” copper discovery was temporarily postponed by White Tiger in May 2011 after drill holes RMZ 11-21 and RMZ 11-23 intersected significant widths of copper mineralization from near surface (see the Company’s and White Tiger’s News Releases dated April 5, April 11 and April 20, 2011). According to White Tiger, drill hole RMZ 11-21 confirmed the presence of copper mineralization coincident with a significant north-trending IP (induced polarization) anomaly (now known as the “Lease Zone”) located southwest of the RM Zone. Drill hole RMZ 11-23 was designed as a step-out hole to test the down-dip extension of the drill hole RMZ 11-21 intercept. Previously announced assay results confirmed similar significant copper mineralization and both Zones remain open to depth and along strike (see the Company’s and White Tiger’s News Release dated May 3, 2011). The temporary drilling postponement gave White Tiger the opportunity to analyze the results and data from the drilling program earlier this year and to further delineate and correlate significant chargeability anomalies on the adjacent RM and Lease Zones and to expand its IP coverage using east-west and infill lines.
To ensure positional accuracy of the IP geophysical survey, White Tiger re-surveyed all cut lines and stations with a Trimble Pathfinder ProXRT-2 realtime differential GPS to a positional accuracy averaging less than 35cm. Re-plotting of the IP results (based on adjusted grid lines) has been interpreted by White Tiger to substantiate the presence of a potential fold hinge linking the RM and Lease Zones. In addition, White Tiger believes that the multi-line continuous chargeability anomalies support the presence of additional near surface mineralization to the north of the RM Zone. White Tiger currently estimates that the mineralized zones have an aggregate strike length of approximately 900 metres.
Coincidentally, as reported in the Company’s and White Tiger’s News Release dated May 30, 2011, “mise-a-la-masse” downhole geophysical surveys completed from hole RMZ 11-21 and RMZ 10-15 and detailed IP surveys further support the possible convergence of the RM and Lease Zones and have been interpreted by White Tiger to indicate the presence of a fold hinge in the vicinity of the Lease Zone, which area is the focus of the current drill program presently underway.
Other technical work completed by White Tiger during the recent drilling postponement included 3D modeling of the RM Zone. According to White Tiger, these results show that the higher grade copper mineralization within the RM Zone is elongate steeply down-plunge to the southeast and remains open to depth. Based on the width and near-surface nature of the mineralization discovered to date, White Tiger believes that the project will be amenable to low cost open pit mining methods.
White Tiger has the option to earn a 50% interest in the Marshall Lake project from Rainy Mountain and Marshall Lake Mining PLC (“MLM”) by spending $4 million in exploration expenditures over 5 years and issuing 2 million shares over 4 years to Rainy Mountain. As well, White Tiger has the additional option to increase its interest to 75% by incurring such additional expenditures as are necessary to take the project to bankable feasibility stage.
This news release has been reviewed and approved by Mr. Rick Walker, P. Geo., who is acting as the Company’s Qualified Person for the current stage of the Company’s Marshall Lake property project, in accordance with regulations under NI 43-101. The technical information referred to herein from earlier news releases was reviewed and approved by Robert Middleton, P.Eng., who was acting as the Company’s Qualified Person, in accordance with regulations under NI 43-101, for the Marshall Lake property project at the times that such earlier news releases were issued.
For further information, contact Mr. Clive Shallow, Shareholder Communications at 604-922-2030, Robert A. Young, Investor Relations, at 604-682-5123 or visit the Company's website at www.rmroyalty.com.
Rainy Mountain Royalty Corp.
“Douglas L. Mason”
Douglas L. Mason, CEO
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