Golden Rapture Mining High-Grade Results with Follow-Up Sampling Program and Drilling to Commence

(via TheNewswire)

Edmonton, Alberta, April 08, 2024–Golden Rapture Mining Corporation [CSE- GLDR] (“Golden Rapture” or the “Company”) is pleased to announce that a follow-up surface sampling program is scheduled to start on April 29, 2024, which will also include drill testing of some of the high-grade gold quartz veins recently identified on surface.

Golden Rapture Mining is a new issuer that commenced trading on the CSE on March 12, 2024. Issued & Outstanding Shares Only 22,343,093

Golden Rapture’s flagship property is the Phillips Township Property located in a Tier 1 mining jurisdiction near the New Gold Rainy River Gold Mine, NW Ontario. It is comprised of 236 contiguous claim cells totaling over 10,000 acres with underexplored past producing high-grade gold occurrences, phenomenal infrastructure, easy access, and low costs of exploration.

We are extremely pleased that we have just made some very important and rapid steps toward identifying many drill-ready targets from our successful randomized sampling program. We are looking forward to now systematically testing the continuity and depth of these high-grade gold quartz veins.

Highlights of Recent High-Grade Surface Grab Sample Results/Targets that Need to be Followed Up

Treasure Chest of Forgotten Golden Opportunities in the Rainy River Mine Area

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.

We were pleasantly surprised to discover so many high-grade quartz veins on the surface with 86% of them carrying gold. Unlike many exploration companies, we are not just chasing the typical geophysical anomaly but also, many wide high-grade gold structures identified on the surface that can be drilled immediately as seen in the pictures below.

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The Phillips Township Property has many gold systems with eight (8) of them having received the most attention so far which include: The Combined Mine, Trojan Mine, Boulder Mine, Mascotte Mine, Young’s Bay Occurrence, Terrell Occurrence, OGS, and the Kuluk Occurrences. The property has been extremely underexplored with no drill holes below 90 meters in the history of the property.

Of other significance is the fact that many of the high-grade gold occurrences also plot on the margins of magnetic highs on total magnetic field maps apart from the Young’s Bay occurrence which is located in an area of high magnetics and is clearly illustrated in the figure below.

It is evident from this figure that the Property maybe subdivided into three zones divided by major interpreted NW-SE faults where six (6) of the eight (8) occurrences are close to these structures.

There is a general regional trend which most of the gold-bearing occurrences adjacent and within the area are associated with, namely, gold-bearing corridors that are shear and/or fault related with synclinal and anticlinal systems which are tied into the north west-south east trending Cameron Pipestone Fault (CPF) and within fault splays on both sides of the Cameron-Pipestone Fault.

Most occurrences report wide steeply dipping quartz veins (<5 meters thick) occurring on the sides of magnetic highs while a flat-lying gold-bearing quartz vein (up to 12.0 meters thick) was the target for historical work and shallow drilling at the Combined Gold Occurrence where the best gold grades are associated with areas of strong alteration and 2017 drilling suggesting the presence of a stacked vein system.

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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 samples from the 2022 and 2023 programs were all sent to Activation Laboratories. Activation Laboratories systems 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 and Geraldton areas of NW Ontario, Canada.

Our second property includes the past-producing Hutchison/Maylac Gold Mine located in the Geraldton Gold Camp, 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: [email protected]
Phone: 780-885-9385

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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COMTEX_450526099/2895/2024-04-08T07:30:44