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Rainy Mountain Royalty Corp.: Exploration Update and Assay Results for Brunswick Gold Exploration Property
West Vancouver, British Columbia--(Newsfile Corp. - July 12, 2017) - Rainy Mountain Royalty Co...
About this update from Rainy Mountain Royalty Corp
[{"type":"text","content":"Rainy Mountain Royalty Corp.: Exploration Update and Assay Results for Brunswick Gold Exploration PropertyWest Vancouver, British Columbia--(Newsfile Corp. - July 12, 2017) - Rainy Mountain Royalty Corp. (TSXV: RMO) (FSE: EK7N) (the \"Company\" or \"Rainy Mountain\") is pleased to report drilling assay results and provide an exploration update on its optioned gold exploration property (the \"Brunswick Property\" or \"Property\") located 140 km south of Timmins, Ontario. Brunswick Property Exploration Highlights:Initial drill assays confirm gold zone down plunge with 3.29 gm Gold (Au) 1.0m New 6.6 gm gold zone in pyritic volcanic tuff horizon (\"Tuff\") at surface with associated Induced Polarization (\"IP\") anomaly, not yet drilled4.6 km of 4 different shear zones tested under drill programGold indicator pathfinders arsenic-antimony observed in 9 of the 14 holes completed Many IP anomalies remain to be drilled5.1 km of strike length still not surveyed on 9.6 km long propertyNew sericite schist unit (possible porphyry) found in a fifth shear zone warrants future drillingAs previously announced (see Company's news release dated June 8, 2017), 14 short drill holes were completed (2121m) on four different 2-4 km long shear zones, as well as the original gold showing area on the Brunswick Property adjacent to the Ridout Fault. All of those shear zones consisted of intense iron carbonate (ankerite) alteration with sericite, pyrite, and sections of laminated quartz with hydromuscovite, fuchite alteration (chrome mica), and sections of silicification and albitization. Intense folding has been observed, and the Company's Qualified Person, Robert Middleton, P.Eng., believes that all four shear zones resemble gold settings found in the Timmins-Porcupine Camp.The Brunswick Property is 6 miles (9.6 km) long and thus far grid survey lines have covered only a length of 4.5 km, leaving 5.1 km yet to be surveyed with additional lines and geophysics. Favourable structures extend off the grid in both east and west directions which will also require detailed mapping and prospecting. Within the original survey grid, 7 shear zones have now been identified north of the Ridout Fault, but only 5 have been drilled to date.Drilling ProgramThe assay results for all of the drill holes have now been received and reviewed by the Company and the Company now h...