News Release No. 11-14
RM Zone Drill Core Continues to Develop
Copper, Silver and Gold Deposit for the Marshall Lake Property, Ontario
West Vancouver, British Columbia – November 21, 2011 – Rainy Mountain Royalty Corp (the “Company” or “Rainy Mountain”) is pleased to announce that its joint venture partner, White Tiger Mining Corp. (“White Tiger” – TSX-V: WTC) has reported the assay results from core drill holes RMZ 11-29 and RMZ 11-30. According to White Tiger, drill holes RMZ 11-29 and RMZ 11-30 were designed as infill holes in an effort to establish the continuity of mineralization between previously drilled holes. Additionally, RMZ 11-30 was drilled at a southwest orientation to intercept the stringer mineralization at a high angle and to verify the estimated true width of the “RMZ Zone” as previously reported by the Company.
As reported by White Tiger, the assay results for drill hole RMZ 11-29 and RMZ 11-30 are as follows:
|Hole Number||From (metres)||To (metres)||Width (%)||Cu (%)||Ag (g/tonne)||Au (g/tonne)|
The Marshall Lake Property is a copper, silver and gold exploration project located 30 km west of Nakina, Ontario and is accessible via a good all weather gravel road from Hwy 11 and is 22 km north of the main CNR rail line.
With the successful assay results to date, White Tiger has indicated that it intends to develop a structural and geological model of the RM Zone in an effort to determine the extent of further potential mineralization within the RM Zone. Assays for other recently completed core drill holes RMZ 11-20, -22, -26, -27 and -28 are pending and will be released when received and reviewed by White Tiger.
As indicated by White Tiger, drill core was split at the Marshall Lake property and sample preparation was done by ALS Chemex in Thunder Bay, Ontario. Pulp samples (‹75 microns) were then sent by secure courier to ALS Chemex in North Vancouver, British Columbia and analyzed by ICP spectrometer ("ICP") using a 0.5g representative pulp dissolved in Aqua Regia (3 acid) digestion. All samples grading over 1.0% copper were re-assayed with ore grade ICP and Aqua Regia digestion. Gold analysis was done on a 30 gram sample by fire assay extraction with AA ("Atomic Absorption") finish.
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 Rick Walker P.Geo., who is acting as the Company’s Qualified Person for the Marshall Lake property project, in accordance with regulations under NI 43-101.
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 new website at www.rmroyalty.com
Rainy Mountain Royalty Corp.
“Douglas L. Mason”
Douglas L. Mason, CEO
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