West Vancouver, British Columbia–(Newsfile Corp. – July 17, 2017) – Rainy Mountain Royalty Corp. (TSXV: RMO) (FSE: EK7N) (the “Company” or “Rainy Mountain”) announces plans to further exploration on its optioned gold exploration property (the “Brunswick Property” or “Property”) located 140 km south of Timmins, Ontario.
Brunswick Property Additional Exploration Plans
Trenching and sampling on the west grid of the Property to follow up on the discovery of a grab sample that assayed 6.6 gm gold (Au).
Follow-up step out drilling proposed around drill hole BE17-04 gold-arsenic zone.
Trenching and proposed drilling on other IP offset zones.
Now that the assaying results from the Company’s recent drill program on the Brunswick Property have been reviewed and analyzed (see the Company’s news release of July 12, 2017), the pathfinder elements can be used to vector the mineralization and a strategic follow-up program can start immediately on the Brunswick Property. Drilling of a new sericite schist in a fifth recently discovered shear zone on the eastern grid of the Property is proposed, as well as, step out drill holes on site BE17-04 (where anomalous gold and arsenic values were obtained on a 2.1 km long IP trend).
Trenching and sampling of the recently discovered 6.6 gm gold showing found in pyritic volcanic tuffs will commence immediately following a 900m long untested Induced Polarization (“IP”) trend, as well as, an offset IP anomaly that is believed to be the faulted equivalent to the new showing. Drilling is proposed after this new pyritic horizon is better understood and has been exposed and sampled along its length. Mapping and prospecting along the full length of the 6 mile long Property is warranted given the shears and alteration seen to date. The pathfinder elements suggest additional gold mineralized zones could occur along strike and at depth.
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
Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
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.
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