News Release No. 11-10
Geophysical Surveys and 3D Modeling Further Define Copper RM Zone for the Marshall Lake Property Project, Ontario
West Vancouver, British Columbia – May 30, 2011 – Rainy Mountain Royalty Corp. (the “Company”) is pleased to announce that its joint venture partner, White Tiger Mining Corp. (“White Tiger” – TSX-V: WTC) has reported that it has completed 3D modeling for certain portions of the Marshall Lake copper, silver and gold exploration project located 30 km west of Nakina, Ontario. White Tiger’s 3D modeling is based on analytical data from core drill holes GAZN-07-02, GAZN-08-06 and -08 and RMZ-10-09, -10,-11,-12,-13,-14,-15,-16,-17,-18 and -19. As reported by White Tiger in its news release of May 30, 2011, its analysis has produced a grade cell block model of the “RM Zone” that shows that the Zone has a sub-vertical dip to the north and has consistent grade, continuity and good widths between drill holes. White Tiger believes that with continued drilling success of mineralization near surface, the RM Zone is potentially amenable to low cost open pit mining methods.
Additionally, White Tiger reported that detailed IP (induced polarization) surveys have now been completed for the RM Zone target area which indicate a possible fold hinge in the vicinity of the Lease Zone showing (which is to the southwest and converging with the RM Zone). Also, White Tiger reported that a parallel (untested) IP zone has been discovered along the north side of the RM Zone which potentially adds additional near surface mineralization.
As well, according to White Tiger, downhole geophysical (“mise-a-la-masse”) surveys conducted between drill hole RMZ11-21 and RMZ 10-15 appear to indicate the presence of a fold hinge and also suggest continuity and extension of mineralization east and west of the drill holes within the RM Zone.
In view of these results and analysis, White Tiger now intends to proceed with a phase three drill program, which is scheduled to begin in the coming weeks.
White Tiger has the option to earn a 50% interest in the Marshall Lake project from Rainy Mountain and Marshall Lake Mining PLC (“MLM”) by spending $4 million in exploration expenditures over 5 years and issuing 2 million shares over 4 years to Rainy Mountain. As well, White Tiger has the additional option to increase its interest to 75% by incurring such additional expenditures as are necessary to take the project to bankable feasibility stage.
This news release has been reviewed and approved by Robert Middleton, P.Eng., who is acting as the Company’s Qualified Person for the Marshall Lake property project, in accordance with regulations under NI 43-101.
For further information, contact Mr. Clive Shallow, Shareholder Communications at 604-922-2030, Robert A. Young, Investor Relations, at 604-682-5123 or visit the Company's website at www.rmroyalty.com.
Rainy Mountain Royalty Corp.
“Douglas L. Mason”
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Douglas L. Mason, 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 release.