RAINDROP COMPLETES INITIAL TRENCH SAMPLING AT CLOVER MOUNTAI 2020-08-04 06:24 ET - News Release
Mr. Saf Dhillon reports
RAINDROP COMPLETES INITIAL TRENCH SAMPLING AT CLOVER MOUNTAIN
Raindrop Ventures Inc. has provided an update on rock chip trench sampling at its 100-per-cent-owned Clover Mountain project in Idaho. The company successfully completed approximately 650 metres of excavator trenches to bedrock in areas of relatively shallow overburden. Raindrop is also continuing to perform in-depth technical reviews of potential new projects in mining-friendly jurisdictions and expects to add additional exploration projects to its portfolio.
At Clover Mountain sampling was concentrated on quartz-bearing alteration and shear zones exposed in the trenches. Mapping of the trenches identified multiple complex structures intensely altered and brecciated with silicified stockwork and argillically altered breccia fragments. Three hundred seventeen rock chip channel-continuous samples were collected, each containing eight to 10 kilograms of material over a 1.5 m interval, represent 475 m of sampling. The rock chip trench samples were delivered to the ALS Minerals Laboratory in Elko, Nev., with 165 delivered on July 20, 2020, and 152 on Aug. 4, 2020. Each of the 317 samples and duplicates waas collected from trenches CT-1 and CT-3. The samples are being crushed, split, and pulverized in preparation for AuAA-23 and MeMS-41 analyses.
Assay results from the first 165 samples from Clover Mountain are expected in approximately two weeks.
Clover Mountain is located on Bureau of Land Management land 60 miles southeast of Boise, Idaho, and consists of 43 unpatented claims totalling 860 acres. During 2008 and 2009, geochemical programs collected 215 soil samples that defined two northeast-trending soil anomalies with gold values ranging from 0.020 gram per tonne to 0.78 g/t in an 800 m by 240 m area. Silver values range from 0.02 g/t to 1.19 g/t. In addition, rock chip samples collected on the property returned highlight values of 1.99 g/t gold, 19.95 g/t silver, 1.25 per cent copper and 1.54 per cent zinc.
The company believes the property lies within the Jarbidge trend, which includes projects such as Integra Resources' Delamar, Florida Mountain and War Eagle gold-silver properties in Idaho and the Jerritt Canyon Gold LLC's gold mine in Nevada, where over eight million ounces of gold were produced since 1981.
Quality assurance/quality control protocols and sampling procedures
Quality control of the sampling program includes the insertion of reference standards and blanks as well as reject duplicate analysis to monitor the integrity of all assay results. All samples are transported to ALS's laboratory in Elko, Nev. Samples are then dried, crushed, split and pulverized. The prepared samples are then sent to the ALS lab in Vancouver, B.C., for assay and analysis. Gold is determined by fire assay with an atomic absorption spectroscopy (AAS) finish, and silver plus 34 other elements by multiacid digestion and ICP (inductively coupled plasma) finish, overlimits by fire assay and gravimetric finish.
R. Tim Henneberry, PGeo (B.C.) and a director of Raindrop, is the qualified person who has reviewed and approved the technical content of this news release.
About Raindrop Ventures Inc.
Raindrop is a newly formed company that began trading on the Canadian Securities Exchange Feb. 3, 2020, and is led by a noted leader in mining and mineral exploration with the express purpose of acquiring and exploring mineral properties in the new resource commodity cycle. Raindrop has acquired the Clover Mountain property, located in Idaho.