Golden Rapture Mining Surface Sampling and Drilling

(via TheNewswire)

Edmonton, Alberta –TheNewswire - May13, 2024 — Golden Rapture Mining Corporation [CSE:GLDR] (“Golden Rapture” or the “Company”), is pleased to report that its Spring surface sampling program has been completed and that drilling has also just commenced at the Combined Mine area, Phillips Township Property, Rainy River District, NW Ontario.

A total of 61 well-mineralized samples were sent to the Lab last week with assay results pending. These appear to be our best-looking samples to date and our drilling has also just commenced targeting high-grade gold targets.  

 
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Mr. Richard Rivet, CEO of Golden Rapture, commented:

“Golden Rapture is primed for an exciting season of exploration that will target both our high-priority Combined Mine and our Young’s Bay Gold Occurrence with surface sampling programs and drilling of the numerous high-grade drill targets at these two areas of the property.

We expect a stream of upcoming assay results throughout the remainder of the year. So stay tuned for an exciting summer ahead as we seek to uncover our Combined Mine followed by our Young’s Bay Occurrence. Both areas are to be surface sampled and drilled starting now.”

Our priority targets include:

Combined Mine: Of main importance are four (4) main veins (three steeply dipping & one large flat-lying up to 12 meters thick with 762 metres of strike length). It has seven (7) shafts with some drifting with many trenches, pits, and visible gold documented. Recent Golden Rapture sampling results as high as 125.00 g/t Au

Young’s Bay Occurrence: Has six (6) parallel quartz veins, four of which have visible gold with 262 meters in strike length. In 1949, approximately 7.3 tonnes of material was taken from shaft #1 to a depth up to 3.7 meters yielding an astonishing grade of 769.81 g/t Au. Recent Golden Rapture sampling results as high as 204.00 g/t Au.

The property is truly a treasure chest of forgotten golden opportunities hosting an impressive eighteen (18) mine shafts with visible gold having been recorded historically & recently. Of great significance is the fact that the majority of the gold-bearing systems also have parallel systems.

Qualified Person

The technical disclosure in this news release has been reviewed and approved by John Archibald, P.Geo., Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

About Golden Rapture Mining

Golden Rapture Mining is a well-funded exploration company engaged in the acquisition, exploration, and development of high-potential assets located in favorable, established Tier 1 mining jurisdictions being the Rainy River and Geraldton areas of NW Ontario, Canada.

Our second property includes the past-producing Hutchison/Maylac Gold Mine located in the Geraldton Gold Camp, Greenstone, NW Ontario. It was one of the richest mines in the area and was mined underground on and off from 1937 to 1947. The highest historical drill intersection included results as high as 24.16 oz/t/gold. The property has only seen shallow drilling and was only mined to a depth of around 400ft and lies in the shadows of the new Greenstone/Equinox Gold Mine. We would entertain a JV with the right partner.

On behalf of the Board

Richard Rivet, Chief Executive Officer

Email: [e-mail]

Phone: [phone]

For more info please look at our website at https://goldenrapturemining.com/    

Forward-looking statements include predictions, projections, and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company’s planned exploration programs and drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

 

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