VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 9, 2015) - Rapier Gold Inc. (TSX VENTURE:RPR) (the "Company") announces two additional assay results from grab samples taken from a large outcrop at the Talc Mine Area of the Pen Gold Project.
Pen Gold Project Summary
Gary Wong, P.Eng., Vice-President Exploration of the Company, a Qualified Person under the definition in National Instrument 43-101, has reviewed and approved the technical content of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
Roger Walsh, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release constitutes forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including the Company's planned exploration activities, that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that the private placement will not be completed, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Appendix A | ||||||||
Assay Table | ||||||||
Sample | Easting | Northing | Au (g/t) |
Au (ppb) |
Description | Occurrence Area | ||
1027157 * | 418558 | 5338439 | 400 | sugary grey quartz veining in carb rock; abundant black tourmaline; 1m west of nose of talc carbonate; 1-2% pyrite+pyrrhotite | Talc Mine stripped area; north end of pit | |||
1027160 * | 418512 | 5338410 | 13.6 | > 5000 | 5-10cm white quartz veining in talc carbonate near contact with carb rock; tends at 280/80 parallel to foliation; ribbons and bands of talc carbonate-iron carbonate; trace fine needles of black tourmaline | Talc Mine stripped area; north end of pit | ||
1027166 * | 418543 | 5338465 | 7.13 | > 5000 | fuchsitic carb rock; 5% irregular grey quartz veining; 10% fine-to coarse-grained pyrrhotite | Talc Mine stripped area; north end of pit | ||
1027167 * | 418543 | 5338465 | 882 | fuchsitic carb rock; abundant black tourmaline; 10-15% fine-to coarse-grained pyrite | Talc Mine stripped area; north end of pit | |||
1027169 * | 418543 | 5338465 | 278 | fuchsitic carb rock; minor quartz; 10-15% fine-grained disseminated pyrite | Talc Mine stripped area; north end of pit | |||
1027181 * | 418546 | 5338471 | 2040 | rusty gossan in carb rock; 10% medium-to coarse-grained pyrite | Talc Mine stripped area; north end of pit | |||
1027182 * | 418545 | 5338471 | 326 | silicified rusty gossan in carb rock; 5% dark grey quartz veining; abundant black tourmaline; 2-5% pyrite; trace chalcopyrite | Talc Mine stripped area; north end of pit | |||
1027183 * | 418545 | 5338471 | 2800 | silicified rusty gossan in carb rock; 10-20% dark grey quartz veining; 5-10% pyrite+chalcopyrite in veining and wall rock | Talc Mine stripped area; north end of pit | |||
1027188 | 418507 | 5338411 | 20.7 | >5000 | 5m west of sample 1027160; 5cm north-south trending sugary white-grey quartz vein at contact between talc carbonate and carb rock; abundant inclusions and bands of talc carbonate-iron carbonate; 70-80% quartz | Talc Mine stripped area; north end of pit | ||
1027199 | 418504 | 5338411 | 5.95 | >5000 | 2cm white quartz extensional vein in rusty carb rock ledge face, vein offset by left-lateral displacement; 8m west of sample 1027160; no sulphides; 70% quartz | Talc Mine stripped area; north end of pit |
* Results were released previously |
Quality Assurance - Quality Control ("QA/QC")
Industry best practices are followed on the project including the routine insertion of blank and standard samples in all grab samples. The samples are submitted directly to Actlabs in Timmins for preparation and analysis. Gold analyses are conducted on 1 assay-ton aliquots, using fire assay methods with an atomic absorption finish up to 5 g/t Au and with a gravimetric finish above.
To view Appendix B, C and D please click on the following link: http://media3.marketwire.com/docs/RPR1109.pdf
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