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Rainy Mountain Royalty Corp V.RMO

Alternate Symbol(s):  RMNXF

Rainy Mountain Royalty Corp. is a Canada-based mineral exploration project generator. The Company is engaged in the acquisition and exploration of mineral resource properties. The Company’s focus is to acquire early-stage exploration opportunities and deliver them drill target ready to joint venture partners. The Company holds multiple property interests in Ontario and is primarily focused on shear hosted gold and base metals properties with associated gold and silver credits. The Company’s projects are Marshall Lake property, and Brunswick Property. Its other properties consist of the Clay/Powell and Norton Lake Properties. The Marshall Lake property is in the Thunder Bay Mining Division, Ontario. Its Brunswick Property consist of 13-claim units located in Brunswick Twp., Ontario. It owns a 100% interest in claims located in the Thunder Bay Mining Division, Ontario. The Company holds a 30.21% interest in the Norton Lake Property.


TSXV:RMO - Post by User

Bullboard Posts
Post by TERRIBLEon May 22, 2011 8:21pm
557 Views
Post# 18613240

CU, ZN

CU, ZN

for anyone who might not be disinterested...

.

the Marshall Lake property contains Cu mineralization & Zinc mineralization together with significant Au Ag credits..[07:15]

.

an example, using the BHP resource (at northeast portion of property) with historical grades of 1.2 m ton deposit @ 0.8% Cu, 2.7% Zn, 50 g/t Ag, & 0.2 g/t Au...[11:48]

combining all these metals at today's prices, you can quickly see the economics of this project.[12:04]

.

above exerpts are from the 21:00 minute video stefan wazniak

.

(Stefan Wozniak the Exploration Manager of White Tiger Mining Corp, part of the Waterfront Mining Group, spoke at the Objective Capital Global Mining Investment Conference about his company's Marshall Lake Copper project in Ontario)

.

---------------------------------------

of interest:

..

31 historical results from 11 zones:

.

[note: such historical results do not meet NI 43-101 standards and therefore should not be relied upon, however, the Company’s Qualified Person believes the historical assays are relevant and were completed by competent persons to the standards of the period in which the assays were completed.] [ref news release #11-04 dated April 5, 2011]
.

Some historical drill hole/trench results from the western portion of the Marshall Lake property...

D ZONE:

cu 3.68% hole

cu 2.40 % trench

.

JEWEL BOX:

cu 4.16% trench

cu 3.86% drill hole

.

LEASE::

cu 3.23% hole

cu 4.35% trench

.

G ZONE...TRENCHES:

CU.3.76% ag 2.52 oz/t

cu 6.43% ag 4.47 oz/t

cu 3.21%

.

G ZONE ...DRILLING

CU 3.44%

cu 5.75% ag 3.58 oz/t

.

CHERRY HILL ZONE:

CU 2.15% hole

.

TECK HILL NORTH ZONE:

cu 5.00% ag 1.33 oz/t

zn 2.10 %

cu 2.80%

..............

just a sidenote:

the "lease" zone is located south of "jewel box", west of "G,G1 zone", & northwest of "cherry hill" [refer page 40 Marshall Lake Technical Report].

.

Drill hole RMZ11-21 is located 100 metres east of the "Lease Zone" showing where historical assays from 1961 were reported as 1.58% copper over 15 metres in core length and 2.0% chalcopyrite over 31.5 metres [news release April 5, 2011]

-----------------------------------------

Some historical drill hole/trench results from the eastern portion of the Marshall Lake property...

.

OPEN PIT ZONE:

cu 3.60% [grab sample], zn 2.25%

.

MAIN BILLITON ZONE ....TRENCH

zn 2.85%

cu 2.70%

zn 2.90%

.

NORTH DIABASE ZONE...TRENCH

ZN 3.4%

zn 4.8%

zn 5.0%

.

SOUTH ZONE

zn 9.80%

zn 4.17%

zn 9.68%

zn 3.64%

----------------------------------

# of results

from western section

cu 14

ag 4

zn 1

.

from eastern section

zn 10

cu 2

.

based on the above historical results, it can readily be seen that Cu is predominant in the western section, Zn is predominant in the eastern section of the Marshall Lake property.

======================

a final note:

the "Marshall Lake Technical Report" 109 pages, June 27 2010 is available from the Rainy Mountain Royalty website.

page 40 shows the various zones.

page 62 to 86 describes drilling done by East West Resources & Marshall Lake Mining PLC [ formerly Eyeconomy] ....2006 to 2008

.

for anyone interested, page 88 shows an example of analyses by ALS Chemex

Table 15.1 – The precision of analyses done for a whole rock analysis (a. and b.), and for a metal

analysis (c.), from the ALS Chemex website, https://www.alsglobal.com/Mineral.

.............................

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