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Overview
| Location: |
80 kilometres south of Kenora in northwestern Ontario. |
| Ownership: |
100% Rainy River Resources Ltd. |
| Size: |
26,000 hectares (64,220 acres) in unpatented mining claims, purchased patents (mining and/or surface rights), mining lease. |
| Highlights: |
- When purchased by the Company, the Rainy River Project hosted three "blind" deposits, the largest "gold in bedrock" anomaly (6 sq. km) in the Archean and an excellent geological environment for Bousquet-style VMS deposits.
- After assembling a very strong technical team and conducting a 6-month due diligence program consisting of re-logging core and assembling a GIS database, Rainy River, since September 2005, drilled 155 drill holes totaling 47,000 metres. Seven new gold zones have been discovered and the 17 Zone has been drilled to -300 m at 30 m centres.
- 17 Gold Trend, a gold bearing pyroclastic flow unit, has been traced for 3.1 kilometers.
- The Company's most recent gold discovery, the ODM Zone , has recorded the richest gold values to date and has now been traced for 100 metres along strike and has been intersected 1,000 metres below surface. Widths and gold grades compare favorably to other Canadian deposits.
- A new mineralized volcanic centre similar to the Richardson Township polymetallic mineralization has been identified on Rainy's Off Lake project 20 kilometers northeast of the 17 Zone.
- As well as precious metals, the Rainy River Project offers excellent potential for the discovery of new, high grade nickel, copper and PGE mineralization.
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| Current Work: |
Three drills are actively defining the commercial gold potential of the 17 Gold Trend, the 433 Zone and evaluating other high priority gold targets on the property. |
| Moving Forward: |
The Company's objective is to define a commercial gold resource that can be developed by both open pit and underground mining methods. |
* Nelson W. Baker has been a registered professional engineer in Ontario since 1972 and is the Qualified Person for the Rainy River Project and the person responsible for and has approved the contents of this website.
|  Jun 10, 2008: More Wide Gold Intervals Near Surface in 17/ODM Zo ...READ MORE >Jun 02, 2008: Rainy River Reports Wide, Near-Surface Gold Interv ...READ MORE >May 27, 2008: Rainy River Reports Wide, High-Grade Gold Intersec ...READ MORE >Apr 30, 2008: Rainy River To Drill New Goldbearing Base Metal Ta ...READ MORE >Apr 22, 2008: Rainy River Reports Further Drill Results From Ric ...READ MORE > |
