Rapier Gold Inc. Completes Field Season and Stakes Additional Claims

2017-12-18 / @nasdaq

 

VANCOUVER, British Columbia, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Rapier Gold Inc. (TSX-V:RPR) (the “Company”) is pleased to provide the following progress update from the 2017 exploration field program on the Pen Gold Project.

Appendix 2
2017 Rock Grab Sample Locations and Anomalies


Appendix 3
Rock Sample Anomalies – All Years


Appendix 4
New Claims


The 2017 exploration field season included an extensive program of mapping and prospecting. The objective was to enhance Rapier’s geological model and develop drill targets.

The program commenced in late May and concluded on October 14, 2017. A total of 561 person-days were spent in the field and 1,826 grab samples were taken. A LIDAR survey was flown over approximately 53 square kilometers. LIDAR imagery is used to locate outcrops and to plot field traverse locations. A list of the sampling results is provided in Appendix 1 and a map of sample locations and anomalous samples (60 samples > 50 ppb Au) is shown in Appendix 2.

All known anomalous samples on the project are shown in Appendix 3.

In addition to the field program, new claims were staked adding a total of 2,304 hectares to Rapier’s land holdings.  Appendix 4 shows the location of the new claims.

During the 2017 field season, the return of results from laboratory analysis of grab samples was subject to significant delays. As a result, planned follow-up activities including overburden stripping and preliminary drill targeting could not be completed.

All analyses are expected to be returned before year end. Data interpretation and future exploration planning will commence early in 2018.

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.

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

David Lotan, Interim CEO

Contact:  Diana Mark

Phone:  604-569-0049
Email:   diana@rapiergold.com

Website: www.rapiergold.com

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 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 actual results of the Company's exploration activities will be different than those expected by management 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.



Appendix1
2017 Sampling Results
 

Sample
EastingNorthingAu (g/t)Au (ppb)Occurrence Area
33726742237253337420.05050Iron Formation southwest of Karvinen
33728142193153332480.05050Iron formation southwest of Karvinen and west of East Branch of The Nat River
33663741777753347520.05252Northeast of Jehann Lake
34062742286953356910.05555North of Sabre, North of Penhorwood Road
34000342682153356210.05858Northeast of Broadsword
33665642229153347330.05959West of Karvinen
33721242370453362160.06060Claim 4207031
34065742223153358650.06060North of Sabre, North of Penhorwood Road
33650842420753351680.06161West of Broadsword
33667942235953340290.06262South of Karvinen
335015421839.553354230.06767Hematized Porphyry
34004842656153354720.06868North of Broadword
33702642373853348970.06969East of Sabre
33501442184053354230.06969Hematized Porphyry
34067842090653344050.07070South of Bailey Bridge on Penhorwood Road
331139416025.553335400.07070Southwest of Jehann lake
340151428115.553355190.07070East of Broadsword
33658042404853344890.07272Stripped area southeast of Sabre
33650642420553351660.07373West of Broadsword
34002842619653353820.07575West of Broadsword
33723942225653359260.07676Claim 4207031; follow-up anomalous gold assay in 1477697
34015542813353355410.07878East of Broadsword
33709742596453358000.07979Iron Formation west of Pen Gold East
33668742227553339380.07979South of Karvinen
33502642181853354200.08080Hematized Porphyry
33710942566853357080.08383Iron Formation west of Pen Gold East
33717942547253355870.08383Northwest of Broadsword
33710042251753344590.08888karvinen #1
33670442611953353800.09494West of Broadsword
33651842375153349070.09595Sphalerite showing east of Sabre
33651642375353349160.102102Sphalerite showing east of Sabre
33122641473253325750.102102Southwest of Jehann lake
34062542469953362110.104104North of Sabre, North of Penhorwood Road
33708842615053354600.105105Northwest of Broadsword
33715342551453357120.108108Northwest of Broadsword
33671942246253349950.110110North of Karvinen
33658242405253344880.112112Stripped area southeast of Sabre
33651142419953351660.115115West of Broadsword
33702842373653349030.117117East of Sabre
33724142225653359270.134134Claim 4207031; follow-up anomalous gold assay in 1477697
33670142616453354000.144144West of Broadsword
337065426597.453355660.146146North of Broadsword
33719042546953355860.147147Northwest of Broadsword
340074427693.553351060.178178Southeast of Broadsword
33656942241553350010.207207Between Sabre and Karvinen
33662342251553344530.222222Karvinen #1
33721142370653362140.233233Claim 4207031
33726942233553337120.275275Iron Formation southwest of Karvinen
34000742683853356370.293293Northeast of Broadsword
33659042403953344290.325325Stripped area southeast of Sabre
33551042451653315930.334334Southwest of Hanrahan Lake
33554042418753311260.351351Southwest of Hanrahan Lake
33662442251953344510.410410Karvinen #1
33724042225653359260.454454Claim 4207031; follow-up anomalous gold assay in 1477697
34003742610553353990.458458West of Broadsword
33553842412553310970.690690Southwest of Hanrahan Lake
33721842376953365750.727727Claim 4207031
33724242225353359270.894894Claim 4207031; follow-up anomalous gold assay in 1477697
33712842613953354002.3302330West of Broadsword
340045425975.5533539324.900> 5000West of Broadsword


Appendix 2
2017 Rock Grab Sample Locations and Anomalies

http://www.globenewswire.com/NewsRoom/AttachmentNg/7cb6fcef-9817-48f5-bf11-8cff3220561b


Appendix 3
Rock Sample Anomalies – All Years

http://www.globenewswire.com/NewsRoom/AttachmentNg/7f3370a1-92b6-4696-9feb-861b4cb2f9a8


Appendix 4
New Claims

http://www.globenewswire.com/NewsRoom/AttachmentNg/a5c3f19b-932a-4c55-9873-eda4643bcd5a

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