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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 Nov 20, 2016 4:27pm
127 Views
Post# 25487107

brunswick project

brunswick projectAn exerpt from a news release
News Release No. 16-04
Trading symbol: TSX-V: RMO

Rainy Mountain Granted Option to Acquire Brunswick Twp. Property, Ontario
West Vancouver, British Columbia, September 2, 2016 – Rainy Mountain Royalty Corp. (the “Company” or ‘Rainy Mountain”) is pleased to report that, subject to regulatory approval, it has been granted an option to acquire an undivided 100% interest in a 19 claim unit property located in Brunswick Twp., Ontario (the “Brunswick Property”). The Brunswick Property covers a 6 mile (9.6 km) long part of the Ridout Shear Zone and adjoining the Temiskaming sediment and volcanic belt in the Porcupine Mining Division, Ontario. Access to the Property is by way of bush road connecting to Hwy 560 that links to Hwy 144 to Timmins, Ontario. The main CNR rail line passes west of the Brunswick Property..
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https://www.stockhouse.com/companies/bullboard?symbol=v.rmo&postid=25437238
(Crassus02 bullboard Nov 8)
above is the link to a map of the Brunswick project .Note the 4 gold deposit indicators along the Ridout Shear Zone from Chester to Shining Tree with “Brunswick” just south of Gogama….
Gogama name means. 'jumping fish' in the Ojib- way language. First Nation people have lived here in a continuum spanning thou- sands of years.(google)
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The Iamgold corporation Cote Gold property:
(1) is approximately 20 km southwest of Gogama, 130 km southwest of Timmins, and 200 km northwest of Sudbury
(2) includes a 230 kilovolt (kV) transmission line (approximately 120 km in length) connected to the existing Hydro One network in Timmins
(3)Iamgold is planning an open pit mine and 60,000-t/d mill, tailings management facility, water management facilities and other infrastructure as necessary.
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