West Vancouver, British Columbia – June 8, 2017 - Rainy Mountain Royalty Corp. (the
“Company” or “Rainy Mountain”) has completed 14 drill holes (2121m) on its optioned gold
exploration property (the “Brunswick Property” or “Property”) located 140 km south of
Timmins, Ontario.
Phase 1 Drilling on Brunswick Gold Exploration Property Completed
and Numerous Gold Settings Exposed
The core from the initial six holes drilled has been logged and split and submitted for assay. The
core from two additional drill holes will be logged, split and submitted for assay later this week.
The first six drill holes (1038m) tested four different iron carbonate-sericite deformation (shear)
zones that flank the Ridout Fault Zone. These intersections all contained quartz-ankerite veins
with sulphides and minor sphalerite (zinc). All of the alteration zones yielded arsenic-antimony
pathfinder elements in the trenching that was carried out prior to drilling.
Robert Middleton, P. Eng. and Qualified Person for the Brunswick Property project, has
indicated that intense shearing and deformation has occurred throughout the length of these
structures, creating an ideal setting for gold mineralization. Other favourable associated rock
units found by drilling were variolitic basalt, spherulitic basalt, leucoxene basalt, quartz eye
porphyry and ultramafics, all with intense sericite-carbonate alteration. A previously completed
combined magnetic and induced polarization survey traced these favourable structures for 2.4
km on one section of the six mile (9.6 km) long Brunswick Property and the Company believes
these structures could continue for another two miles (3.2 km) across the remaining length of the
Property.
At this time, the Company anticipates that the recently completed drill program will set the stage
for further grid expansion, geophysics and trenching, and will thereafter be followed by another
planned phase of drilling. Further infill work and analysis needs to be done prior to finalizing
additional drill targets.
Logging and splitting will continue for another week to prepare the remaining samples for
submission to the preparation lab and subsequent assay analysis by ALS Minerals. All assay
results will be reported by the Company once received and reviewed.
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.
Thread abonnieren
