Rainy Mountain Royalty Corp V.RMO

Alternate Symbol(s): RMNXF

Metals & Mining Industrial Metals & Minerals

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.

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Rainy Mountain Royalty Corp

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Post by Claudius151on Sep 12, 2012 1:37pm

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Post# 20353016

Marshall Update NR

Drilling Continues on Marshall Lake Copper-Silver-Gold Property, Ontario

West Vancouver, British Columbia – September 12, 2012 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) is pleased to announce that its joint venture partner, White Tiger Mining Corp. ("White Tiger" - TSX-V: WTC), has reported that successful results are continuing from the Marshall Lake copper, silver and gold exploration property. White Tiger has indicated that it has completed the first portion of its planned 4,000 metre drill program on the Property, which drilling program is expected to continue for a further 4 to 5 weeks. The Marshall Lake Property is located 30 km west of Nakina, Ontario, and is accessible via a good all weather gravel road from Hwy 11 and is 22 km north of the main CNR rail line.

As reported by White Tiger, the first drill hole (drill hole RMZ-12-31) was drilled at an azimuth of 205 degrees and dip of -45 degrees and intersected copper mineralization near surface from 49 metres to 98 metres. This first drill hole was collared 110 metres due north of RMZ-12-28, on nearly the opposing azimuth in an effort to further evaluate mineralization intersected in RMZ-12-28, as previously drilled by White Tiger. Drill hole RMZ-12-31 was advanced to a depth of 270 metres. Copper mineralization was intersected from 222 metres to 265 metres, which White Tiger believes may be the indication of a new zone of mineralization. Drill hole RMZ-12-31 ended approximately 190 metres vertically below surface.

White Tiger has indicated that the drill core is being sampled and prepared for shipping to ALS Minerals in Thunder Bay, Ontario and assays will be reported by White Tiger once received and reviewed.

This news release has been reviewed and approved by Mr. Gordon Gibson, P.Geo., who is acting as the Company’s Qualified Person for the Marshall Lake property project, in accordance with regulations under NI 43-101.

White Tiger has the option to earn a 50% interest in the Marshall Lake property project from Rainy Mountain and Marshall Lake Mining PLC (“MLM”) by spending $4 million in exploration expenditures over 5 years and issuing 2 million shares over 4 years to Rainy Mountain. As well, White Tiger has the additional option to increase its interest to 75% by incurring such additional expenditures as are necessary to take the project to bankable feasibility stage.