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Golden Rapture Mining Acquires High-Grade Swell Bay Project with Historical Results up to 718.06 g/t Au and 535.93 g/t Au - Updates on Its Other Projects
Edmonton, Alberta--(Newsfile Corp. - March 16, 2026) - Golden Rapture Mining Corporation (CSE: GLDR) is pleased to announce that it has entered into an option a
About this update from Golden Rapture Mining Corporation
[{"type":"text","content":" Edmonton, Alberta--(Newsfile Corp. - March 16, 2026) - Golden Rapture Mining Corporation (CSE: GLDR) is pleased to announce that it has entered into an option agreement with Richard Loney and Terri-Lynn Henry (the \"Optionors\") to acquire 100% of the mineral rights to seven patented mineral claims (the Swell Bay Property) located approximately 40 kilometres northeast of Fort Frances in the Rainy River District of Ontario just a few kms from Highway 11. The earliest recorded work on this property dates back to the 1890's, when initial developments included the sinking of a shaft along with several pits and trenches. Visible gold was reported and observed historically, and confirmed by other geologists years later and also recently. Gold mineralization is hosted not only within quartz veins but also throughout the shear zones, suggesting the potential for a broader and more structurally controlled gold-bearing system. More recent exploration has further demonstrated the property's potential, with sampling completed by King's Bay Gold in 2001 returning exceptionally strong assay results, including grades of up to 718.06 g/t Au and 535.93 g/t Au. Source: Property information, data, and historical results referenced in this news release are derived from the NI 43-101 Technical Report - Swell Bay Property, prepared for Kings Bay Gold Corp. by Consulting Geologist Desmond Cullen and J. Garry Clark, H.B.Sc., Geology, F.G.A.C., dated October 2001. The full report is available on https://www.sedarplus.ca/home/ and will soon be posted on the Company's website. Property geology highlights from the report: At the most eastern part of the property, the shear zone is 300 feet wide, it trends southwest, widens to approximately 1,500 feet, and includes all of the rock of the peninsula between the two creeks at the eastern end of Swell Bay. Most of the gold-bearing quartz veins are within this shear zone. One thousand feet east-northeast of the shaft, on claim FF3998, a shear zone in the gabbro has partly been replaced by quartz. The quartz zone, which trends N80EE, was traced 600 feet along strike. A 15-foot-long trench at the western end of this vein exposed a 12-foot long zone of chlorite schist, which contains three parallel quartz veins, 2 to 3 feet wide. The host rock on either side of the shear zone ranges from 5 to 25 feet wide and cont...