Edmonton, Alberta--(Newsfile Corp. - November 4, 2024) - Golden Rapture Mining (CSE: GLDR) is pleased to announce continued near-surface high-grade drilling results at its 10,000-acre Phillips Township Gold Property located in the Rainy River District, NW Ontario.
Our highly successful 2024 exploration season is now complete and we are excited to confirm the presence of shallow high-grade zones around the old mine shafts and also outside the extensions of the old Combined Mine workings yielding high-grade drill results as high as 285.00 g/t Au.
This summer's 23 drill holes combined with the past 33 historical shallow drill holes done in 1984, 1986 and 2017 strongly highlight the potential that the property may be amenable to open-pit mining.
There are also large piles of quartz material with recent grab sample results as high as 125.05 g/t Au that come from the seven shafts at the Combined Mine area that together with the recent and historical near-surface high-grade zones could provide mill feed to the New Gold Rainy River Gold Mine located approximately 40 kms to the South.
The results from Phase 2 drilling (holes 19 to 23) can be seen in the table below
| Hole No. | Dip | From (m) | To (m) | Interval (m) | Au g/t Results |
| GRM24-09 | 66° | 24.00 | 25.00 | 1.00 m | 1.35 g/t |
| GRM24-09 | 66° | 25.50 | 26.00 | 0.50 m | 8.62 g/t |
| GRM24-10 | 66° | 13.50 | 14.50 | 1.00 m | 8.90 g/t |
| Including | 66° | 14.00 | 14.50 | 0.50 m | 14.20 g/t |
| GRM24-11 | 66° | 15.50 | 16.00 | 0.50 m | 5.64 g/t |
| GRM24-11 | 66° | 17.00 | 19.00 | 2.00 m | 4.79 g/t |
| Including | 66° | 18.00 | 19.00 | 1.00 m | 7.61 g/t |
| GRM24-11 | 66° | 19.00 | 24.00 | 5.00 m | 1.07 g/t |
| GRM24-12 | 66° | 22.75 | 25.30 | 2.55 m | 114.96 g/t |
| Including | 66° | 22.75 | 23.25 | 0.50 m | 285.00 g/t |
| GRM24-12A | 45° | 5.75 | 6.30 | 0.55 m | 55.04 g/t |
| GRM24-13 | 45° | 5.50 | 6.30 | 0.80 m | 17.40 g/t |
| GRM24-14 | 45° | 6.50 | 7.50 | 1.00 m | 3.73 g/t |
| GRM24-16 | 45° | 6.00 | 6.50 | 0.50 m | 1.10 g/t |
| GRM24-17 | 45° | 6.50 | 8.00 | 1.50 m | 111.16 g/t |
| Including | 45° | 6.50 | 7.00 | 0.50 m | 252.00 g/t |
| GRM24-18 | 45° | 12.00 | 13.00 | 1.00 m | 8.09 g/t |
| Including | 45° | 12.00 | 12.50 | 0.50 m | 13.90 g/t |
| GRM24-19 | 55° | 4.50 | 11.00 | 6.50 m | 2.05 g/t |
| including | 55° | 5.50 | 6.00 | 0.50 m | 5.65 g/t |
| including | 55° | 8.50 | 9.00 | 0.50 m | 5.77 g/t |
| including | 55° | 10.50 | 11.00 | 0.50 m | 3.68 g/t |
| GRM24-21 | 57° | 18.50 | 19.50 | 1.00 m | 23.20 g/t |
| GRM24-21 | 57° | 21.50 | 22.50 | 1.00 m | 2.93 g/t |
| GRM24-22 | 70° | 18.10 | 22.50 | 4.40 m | 11.74 g/t |
| Including | 70° | 19.20 | 19.70 | 0.50 m | 59.99 g/t |
| Including | 70° | 19.70 | 20.20 | 0.50 m | 37.99 g/t |
| Including | 70° | 22.00 | 22.50 | 0.50 m | 5.27 g/t |
| GRM24-23 | 45° | 14.00 | 15.00 | 1.00 m | 1.25 g/t |
Table 1: 2024 Full Highlights of Results
Included is a picture from our newly discovered high-grade zone in Hole 12
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10613/228753_6d6d226954197b32_001full.jpg
What's next
We are also looking at possibly exploring another part of the property with great potential called the Young's Bay Occurrence (3 shafts and trenches) which is located around 600 meters southeast of our Combined Mine. It hosts six known parallel quartz veins, four of which have visible gold having 262 meters in strike length. In 1949, gold was recovered from 7.3 tonnes of material from Vein #1 and taken from a depth up to 3.7 meters for a grade of 750 g/t/Au.
Young's Bay Occurrence 2024 Highlights of Surface Grab Sample Results Included:
| Sample Number | Gold Results |
| 494839 | 163. 33 g/t Au |
| 494829 | 93.94 g/t Au |
| 494831 | 73.79 g/t Au |
| 494830 | 72.81 g/t Au |
| 494847 | 50.82 g/t Au |
| 494854 | 14.77 g/t Au |
| 494851 | 10.10 g/t Au |
| 494848 | 5.39 g/t Au |
A total of 22 samples were recently taken from an old pit and 3 veins at this Young's Bay Gold Occurrence.
Golden Rapture President Richard Rivet said:
"We have only been listed on the CSE since March of this year and the property has already surpassed our original expectations so we look forward to the future and possibly discovering its other hidden possibilities. Please stay tuned as we are presently analyzing all our options and possible future plans."
History
The property has a total of eighteen (18) mine shafts including a ramp and an adit. Exploration in the area is said to have started around 1885 when a large number of high-grade gold discoveries were made and where many properties were brought into production during what became known as the 'Lake of the Woods Gold Rush'. The gold rush was short-lived when most prospectors stampeded to the Klondike in 1897.
The property saw very limited exploration until three other new gold discoveries were made in 1970's, 1980's and in 1999 namely the OGS, Terrell and Kuluk gold showings respectively. Was again revived in 2017 when a ten (10) shallow hole drill program intersected gold in every hole but the explorer ran out of funds. Never followed-up.
It is the first time that all these underexplored high-grade gold systems are part of a single property. They include the high-grade Combined Mine, Mascotte Mine, Trojan Mine, Boulder Mine, Terrell Occurrence, OGS Occurrence, Kuluk Occurrence & the Young's Bay Occurrence.
The property has good year-round access with a major highway (Hwy 71) and powerlines crossing the entire length of the property. Also has great local infrastructure, manpower, heavy-duty equipment, grocery, restaurants and lodging nearby, etc.
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.
Analytical Laboratory and QA/QC Procedures
All sampling completed by Golden Rapture Mining Corporation within its exploration programs is subject to a Company standard of internal quality control and quality assurance (QA/QC) programs which include the insertion of certified reference materials, blank materials and a level of duplicate analysis. Surface grab samples from the 2024 summer program were all sent to AGAT Laboratories. AGAT Laboratories conform to requirements of ISO/IEC Standard 17025 guidelines and meets assay requirements outlined for NI 43-101.
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 area of NW Ontario, Canada.
On behalf of the Board
Richard Rivet,
President & CEO
Email: goldenrapture@outlook.com
Phone: 780-729-5395
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228753
SOURCE: Golden Rapture Mining Corporation
