It's been a long, hard year Bob, but it has paid off big time!
If you or anyone else has any questions regarding our new acquisition, I'll do my best to answer them.
FOR IMMEDIATE RELEASE
September 22, 1998
Further details on Mexican and Canadian acquisitions announced September
14, 1998
Santa Maria Project, Mexico
The Santa Maria property is comprised of six mineral claims totaling 6681
hectares located 230 kms southwest of the city of Chihuahua .The property is
surrounded by Francisco Gold's claims with its southwest boundary situated
approximately 6 km. from Francisco Gold's El Sauzal deposit and lies within
the Sierra Madre Precious Metal Belt and the historic Batopilas Mining
District. Rocks within this district consist of Cretaceous and Lower
Tertiary age volcanics and sediments intruded by various phases of granitic
plutons. Numerous north and Northwest trending fault zones transect the
geology and are the loci of precious metal mineralization.
A recent site inspection and sampling program by Mr. Jack Bolen BSc.,
(Report dated May 1998) was commissioned by Hexagon and will provide
Raindrop with the framework for an initial exploration program. Analytical
results from grab samples attained exceptionally high levels and duplicating
these values will be Raindrop's immediate priority. Raindrop's field study
of this property will commence immediately following completion of its
financing arrangements.
Rainy River district of northwestern Ontario
These three properties (Camp River, Cousineau and Bad Vermillion) are all
located on map sheets
NTS 52 - C - 9 or 10. The properties (17,880 acres) are located 65
kilometers east of Ft. Frances, Ontario. Access is provided by Ontario
Highway 11 and all weather roads which transect the properties.
The area of interest is a structural wedge bounded by two regional right
lateral strike - slip faults; the Quetico to the north and the Seine River
to the south.
The geology of this wedge is a mixed package of intrusives, volcanics and
sediments. The metamorphic grade increases to the west and ranges from green
schist to amphibolite. Alteration includes sulphide, silica and iron
carbonate. The mineralization includes gold, silver and sulphides of
copper, zinc and lead.
Mineralization on the Bad Vermillion Property occurs in quartz veins
associated with second order faults that have splayed off of the regional
faults. The wall rock is commonly not mineralized or altered. Gold was
discovered in the 1880's and a minimum of 200 gold bearing veins were
discovered within ten years. Three gold mines were in operation on the Bad
Vermillion claims before the Klondike gold rush (Foley, Golden Star and
Olive).
On the Cousineau property, the mineralization occurs in a broad zone (800
feet wide) that was explored and saw limited gold production before the turn
of the century.
The Camp River Project straddles the Seine River Fault. The area was well
prospected in the 1890's. Geophysical anomalies and widespread alteration
indicate the presence of mineralization.
Raindrop will commission an independent evaluation on these properties
following the completion of previously announced financing arrangements.
The Alberta Stock Exchange neither approves or disapproves of the
information contained herein.
For further information Phone: (403) 205-3788 or Fax: (403) 205-3763 or
e-mail raindrop@cadvision .com
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