Rainmaker Mining Corp. Acquires Two Mineral Claims With Frac Sand Potential in North Central Saskatchewan
20 Gennaio 2014 - 2:30PM
Marketwired
Rainmaker Mining Corp. Acquires Two Mineral Claims With Frac Sand
Potential in North Central Saskatchewan
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 20, 2014) -
Rainmaker Mining Corp. ("Rainmaker") (TSX-VENTURE:RMG) is pleased
to announce that it has entered into a Purchase and Sale Agreement
to acquire two mineral claims in north central Saskatchewan,
totaling approximately 10,275 hectares. Both claims have the
potential to host deposits of silica sand suitable for hydraulic
fracturing.
The terms of the acquisition are:
- $10,000 on signing the Agreement;
- $25,000 on or before July 31, 2014;
- The vendor retains a 3% royalty on production.
Rainmaker plans to commence exploration on the properties with
an extensive sampling program, as soon as snow conditions
permit.
Chris M. Healey, Vice President - Operations for Rainmaker
commented, "The acquisition of these two claims geographically
complements our recently announced Jayjay Lake project."
Mannville project:
The Mannville silica sand project is located in north-central
Saskatchewan, approximately 40 km SSE of La Ronge, SK. Access is
excellent with an all-season Province Road crossing the centre of
the property. The property consists of one mineral claim (5,949.149
hectares). The property is underlain by a marine quartzose
sandstone of Cretaceous Mannville age.
According to Saskatchewan Energy and Mines Open File Report
93-3, the Mannville Group in this location includes a 12-metre
(approximate) thick clean silica sand containing 98.4 - 99.2%
silica.
Hanson project:
The Hanson silica sand project is located in north central
Saskatchewan, approximately 90 km west of Flin Flon, MB. Access is
excellent with Provincial Highway 106 cutting through the property.
The property consists of one mineral claim (4,296.398
hectares).
The southern portion of the claim is interpreted to be underlain
by predominantly unconsolidated orthoquartzites of the Ordovician
Winnipeg formation. This is the same host formation for several
nearby high quality frac sand operations which are either in
production or currently being developed. These include Preferred
Sands, which has an operating facility with an annual production
capacity of 850,000 short tons per year, and Hanson Lake Sands Corp
which has reported plans to be in production by the end of
2014.
Open File Report 93-3 comments that the Winnipeg Formation in
the Hanson Lake area exhibit "a high degree of roundness and
sphericity." Chemical analysis performed for the study gave silica
contents ranging from 99.1% to 99.6%.
Additionally, it should be noted that both of these claims lie
within the recently discovered Pikoo diamond camp.
Chris M. Healey, P.Geo, Vice President - Operations for
Rainmaker, is the qualified person responsible for the technical
content of this release.
On Behalf of the Board of Directors,
Rainmaker Mining Corp.
Bev Funston
Director
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
release.
Rainmaker Mining Corp.Bev FunstonDirector(604) 921-1810(604)
921-1898www.rainmakermining.com
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