Rainy Mountain begins 15-hole drilling at Brunswick
2017-05-24 15:47 ET - News Release
Mr. Douglas Mason reports
DRILLING COMMENCED ON RAINY MOUNTAIN'S BRUNSWICK GOLD EXPLORATION PROPERTY
Drilling is now under way on Rainy Mountain Royalty Corp.'s optioned Brunswick gold exploration 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). Presently, the company intends to complete 15 drill holes (10 drill sites selected on the east side of the property and five additional drill sites selected on the west side of the property). Additional drill sites are also being considered and will be determined as the current drill program continues.
Prior to commencement of the current drill program, Rainy Mountain continued sampling outcrops and exposures on the west side of the Brunswick property, and began trenching with a backhoe on May 9 in an attempt to expose four carbonate alteration zones associated with the recently completed induced polarization (IP) survey. The IP survey has been continued on infill lines to better define the anomalies (at 100-metre spacings using 25-metre stations and an A-spacing for the electrodes of 25 metres to obtain better resolution). The IP survey has detected the presence of sulphide mineralization within the sericite carbonate zones, which would be the normal setting for associated gold mineralization.
A magnetometer survey was also completed (with readings taken at 12.5-metre intervals), which helps outline the carbonate zones (being a low-magnetic signature) and also assists in locating diabase dikes which cross the mineralization in a northerly direction. As well, recent trenching has exposed crack seal quartz veins with sericite and hydromuscovite (apple green mica) on the fractures in the quartz, as well as disseminated sulphide zones flanking the quartz veins. The company believes that these mineral settings are favourable hosts for gold mineralization and are similar to the setting found at the Bell Creek mine in Timmins, Ont. Further, additional sampling has been done to determine the distribution of the pathfinder elements for gold (such as arsenic and antimony), which were previously detected in the fall of 2016 (see the company's news release dated Jan. 3, 2017, for additional details). Fifteen samples (of the 22 samples submitted in May, 2017) were either elevated in antimony or very anomalous, and the crack seal vein (found 200 metres west of the original antimony site) was also very anomalous in antimony. Arsenic was also detected, which is often peripheral to gold mineralization. The company believes that all of the anomalous values are geochemically significant from an exploration point of view, but are not at any toxic level. This information will assist the company in finalizing where future drill holes will be placed.
A core shack with logging tables and core saw has been set up near the property to receive and process core in a secure facility from the current drill program. Field sampling and trenching have been carried out and/or supervised by the company's qualified person, Robert Middleton, PEng, and assisted by the prospector, Michael Tremblay.
This news release has been reviewed and approved by Mr. Middleton, who is acting as the company's qualified person for the Brunswick property project, in accordance with regulations under National Instrument 43-101.
We seek Safe Harbor.