CEO.CA Chairman's Briefing

(TheNewswire)

Additional High-Grade Values Continue to Support the Project’s Robust Potential

Edmonton Alberta – TheNewswire - Monday, June 24, 2024 – Golden Rapture Mining Corporation (CSE-GLDR) reports new assay results from surface sampling at its flagship Phillips Township property, Rainy River District, NW Ontario, including samples up to 163.33 g/t Au from the Young’s Bay Occurrence.

The property is truly a hidden treasure chest of forgotten golden opportunities by hosting eighteen (18) mine shafts and of great significance is the fact that the majority of the gold-bearing systems also have parallel systems.

It is the first time that all these gold systems are part of a single 10,000-acre contiguous 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, etc.  

A total of 22 samples were recently taken from 3 veins and a pit at our Young’s Bay Occurrence.

High-grade results included

Mr. Richard Rivet, CEO of Golden Rapture, commented: “I am extremely pleased that we have just made rapid steps toward identifying additional high-grade drill-ready targets. A small diamond drill program has also commenced at our Combined Mine area and results will be announced when completed. The ultimate plan would be to drill the Young’s Bay Occurrence later this year once more funds are raised or by the help of the right JV partner.”

The company would also like to report that Ryan Yanch has resigned as CFO and Director to look after his other ventures and that a great replacement has been chosen and will be announced shortly.

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. 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 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 drill 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.

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.

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