Rainy Mountain RoyaltyRainy Mountain Royalty Company Fact's overview
Project Generator - Canada ISIN: CA75101U3010 CEO.CA Sedar Fact Sheet video The Company’s focus is to acquire early stage exploration opportunities and deliver them drill target ready to joint venture partners. The Company currently holds multiple property interests in Ontario and is primarily focused on shear hosted gold and base metals properties with associated gold and silver credits. Brunswick Property (Location) - six mile long section of the Ridout Fault Shear Zone, which is an extension of the Larder Lake Break (fault zone), as associated with the Kirkland Lake and Larder Lake Gold Camps (the Kirkland Lake Gold Camp is 125 km northeast of the Property and the Larder Lake Gold Camp is 167 km northeast of the Property). - Trenching Highlights: 800m extension to west of original gold showing exposed by trench with .388 gm gold (Au) grab sample. Strong mineralization exposed on extensions from drill hole BE04. Assays of .12 gm gold (Au) in veins with chalcopyrite (copper), 200m west of drill hole BE04 with pathfinder elements detected. Marshall Lake (Location) - joint venture project between Rainy Mountain Royalty Corp. (31.25%) and Copper Lake Resources Ltd. (68.75%). - The Marshall Lake property consists of 9 claims plus 86 leased claims (804 claim units) with an area of 163.8 km and is located approximately 252 km northeast of Thunder Bay, Ontario. - assays such as 2.45% copper, 47.6 g/tonne silver over 14.8 metres; and, 1.67% copper, 32g/tonne silver, 0.37g/tonne gold over 22.50 metres at the Gazooma Zone. Max property (Location) - consists of 40 claims (603 claim units) with an area of 90.85 km and is located in the Norton-McFaulds Lake Area of Northern Ontario. - The property is a joint venture currently held 40.9% by Rainy Mountain Royalty Corp. and 59.1% by Great Lakes Resources LLC. Norton property - consists of 15 claims (233 claim units) with an area of 36.65 km and is located in the Norton-McFaulds Lake Area of Northern Ontario. - The property is currently held 30.21% by Rainy Mountain Royalty Corp. and 69.79% by Copper Lake Resources Ltd. - Norton Lake Deposit Mineral Resource Estimate: (2,258,654 t) Nickel - Ni Grade (%) - 0.67 Copper - Cu Grade (%) - 0.61 Cobalt - Co Grade (%) - 0.03 Palladium - Pd Grade (g/t) - 0.46 The Powell property - consists of 23 claims (178 claim units) with an area of 7,120 acres and is located approximately 125 km west of Thunder Bay, Ontario in the Shebandowan greenstone belt. Rainy Mountain Royalty Corp. owns 100% of the Powell property. - drill program: yielded 2.91 gm Au/1.55m and 8.45 gm Au/1.9 m Seagull property - consists of 17 claims (159 claim units) with an area of 24.35 km and is located approximately 60 km northeast of Thunder Bay, Ontario. - Seagull is a joint venture project between Rainy Mountain Royalty Corp. (30%), Canadian International Pharma Corp. (40%), White Metal Resources Corp. (30%) and Minfocus Exploration Corp - Seagull contains three horizons containing platinum and palladium with elevated osmium and other PGE elements. - The lower basal zone is similar in appearance to the Noril’sk Number 1 ore body (open pit mine). - hole hit a 2 m zone grading up to 3.58 g Pt + Pd at 734 m and a second zone below grading up to 1.99 g/tonne. |