RE:RMO updates Brunswick gold drill targets NR
ainy Mountain identifies more targets at Brunswick
2017-05-04 13:31 ET - News Release
Mr. Douglas Mason reports
BRUNSWICK PROPERTY WEST GRID IDENTIFIES ADDITIONAL DRILL TARGETS
Rainy Mountain Royalty Corp. has identified additional drill targets at its optioned gold exploration property (the Brunswick 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).
A 2.4-kilometre-long grid extension along the central-west side of the Brunswick property has been cut and partly surveyed, which has identified extensions to the shears occurring on the east grid and other parallel shears that were mapped in the fall of 2016. Additionally, prospecting has resumed, now that the snow has melted sufficiently to expose outcrops. These new outcrops have exposed carbonate-sericite shear extensions along strike to the area where the arsenic-antimony rock geochemical anomaly occurs. As well, additional surface samples are being gathered on the property and will be submitted for analysis to trace the extent of the arsenic-antimony zone (in relation to the induced polarization chargeability anomalies). Heavy rains and wind storms have slowed the progress of the survey work in the last week of April. However, work is now continuing and will be completed prior to any drilling in an effort to optimize the chances of success in selecting the best drill targets on the property.
In addition, an induced polarization (IP) survey (with 12.5-metre station intervals) has also been completed on both the east and west grids. This work has assisted the company in tracing the carbonate alteration and fault structures, as well as locating diabase dikes. The IP survey identifies sulphide mineralization within the shear zone that could be associated with gold mineralization.
Thus far, 10 high-priority drill sites have been selected on the east side grid, and an additional four drill sites are already known on the west side grid (with possibly more expected as the survey and sampling continues).
Of note as well, four shear zone structures can be seen on the west side of the property (which is comparable with the east side), which parallel the Ridout fault zone. Two of these shears have known arsenic-antimony values, and the other shears are presently being sampled. IP anomalies are now known to be associated with the arsenic-antimony geochemical anomaly. These four shears are the fault offset of the shears on the east side of the property. A major northerly trending fault, called the Nabakwasi River fault, created this offset of the geology which fault is much younger in age and unrelated to the mineralization. In particular, the IP chargeability flanks the arsenic-antimony geochemical anomaly, which envelops those sheared rocks and is associated with closely spaced parallel shears, and continues beyond the known geochemical anomaly toward the porphyry intrusion to the east. The company believes that this is an ideal setting for a gold deposit which appears to be quite similar to the setting found at the Bell Creek mine in Timmins.
This news release has been reviewed and approved by Robert Middleton, PEng, who is acting as the company's qualified person for the Brunswick property, in accordance with regulations under National Instrument 43-101.
We seek Safe Harbor.