Wednesday 12th December 2018

Resource Clips

Rainy River reports Ontario Gold Assays as high as 1.3 g/t over 57m

Resource Clips - essential news on junior gold mining and junior silver miningRainy River Resources Ltd TSX:RR announced assays from its Rainy River gold project in northwest Ontario. Results include

5 g/t gold over 10.5 metres
27.5 g/t gold and 22.7 g/t silver over 1.5 metres
3.5 g/t gold over 4.5 metres
10.3 g/t gold over 1.5 metres
12 g/t gold over 3.5 metres
16.1 g/t gold and 13.3 g/t silver over 1.5 metres
2.5 g/t gold over 6 metres
12.7 g/t gold and 3.3 g/t silver over 16.5 metres
(including 81.7 g/t gold and 13.9 g/t silver over 1.5 metres)
18.1 g/t gold over 3 metres
34.4 g/t gold over 1.5 metres
1.4 g/t gold over 57 metres
6.1 g/t gold over 4.5 metres
1.6 g/t gold over 33 metres
15 g/t gold and 24.4 g/t silver over 4.8 metres

President/CEO Raymond Threlkeld commented, “The results released today show the potential of the Cap Zone to play a significant role in adding higher confidence ounces and in developing the underground potential of the Rainy River Gold Project. The ODM infill results are consistent with previous drilling, while the ODM below-pit results are also encouraging from an underground project perspective. With our strong cash balance and continued excellent drill results, we are well-positioned to advance the Project. A revised preliminary economic assessment is expected to be completed by mid-2012, followed by a resource update incorporating drilling from the first few months of this year. This mid-year resource will be used for the feasibility study, targeted for completion in early 2013.”

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Indi Gopinathan
Director, Investor Relations

by Ted Niles

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