Golden Rapture Acquires Northern Queen Mine Property Adjacent to NexGold Mining Goliath Deposit & Dryden Gold Corp
Executive Summary
- Golden Rapture Mining entered into an agreement to acquire 100 % of the 1,500‑acre Northern Queen Mine property for 450,000 Class “A” common shares, pending regulatory approval.
- The company disclosed exceptionally high‑grade drill intercepts from its Phillips Township Gold Project (e.g., up to 285 g/t Au over 0.5 m and 114.96 g/t Au over 2.55 m).
- Surface grab sampling on the Phillips Township project returned multiple assays exceeding 100 g/t Au (up to 200.80 g/t Au, ~7 oz/t), confirming high‑grade potential across several zones.
Key Details
- Acquisition Terms – Northern Queen Mine
- 100 % interest in the Northern Queen Mine (1500‑acre, 38 claim units).
- Consideration: issuance of 450,000 Class “A” common shares of GLDR to vendor (1000903966 Ontario Inc.).
-
Transaction subject to regulatory approval.
-
Phillips Township Gold Project – Drill Results (Nov 4 2024)
- Hole GRM24‑12: 114.96 g/t Au over 2.55 m; includes a 285 g/t Au intercept over 0.5 m.
- Hole GRM24‑17: 111.16 g/t Au over 1.50 m; includes a 252 g/t Au intercept over 0.5 m.
-
Additional notable intervals: 55.04 g/t Au (0.55 m), 28–30 g/t Au in several holes, and numerous sub‑10 g/t Au zones across the drill program.
-
Phillips Township – Drone Magnetic Survey (May 28 2025)
- Conducted by Rosor Exploration using a UAV‑borne MagArrow magnetometer; 313 line‑km covering ~16.7 km² at 50 m altitude.
-
Identified strong linear magnetic anomalies, especially in the northeast corner (Young’s Bay area).
-
Phillips Township – Surface Grab Sampling (July 2 2025)
- Highest assay: 200.80 g/t Au (7.08 oz/t) from sample 291145 (Young’s Bay).
-
Other high‑grade samples: 144.02 g/t Au, 134.19 g/t Au, 107.17 g/t Au, and multiple assays >50 g/t Au across Young’s Bay and Combined Mine areas.
-
Joint Venture – Phillips Township (Aug 11 2025)
-
Entered a multi‑million‑dollar JV agreement; partner to commence exploration activities (details pending).
-
Hutchison Mine Project – Historical Highlights
- Historic drill results up to 751.46 g/t Au and graphite zones of 30–70 % reported in 1982 Noranda work.
-
Recent historical assays cited: 11.6 oz/ton Au over 1.3 ft; 13.52 oz/ton Au over 1.1 ft; 24.16 oz/ton Au over 2.0 ft.
-
Bully Boy Mine Project – Surface Sampling (July 14 2025)
-
Grab sample assay of 78.79 g/t Au (2.78 oz/t) from quartz vein near main shaft.
-
Qualified Person Statement
- Technical disclosure reviewed and approved by John Archibald, P.Geo., Qualified Person under NI 43‑101.
Notable Quotes
“We are proud to have assembled a strong portfolio of four high‑grade projects… with gold prices hitting record highs this year, we’re excited to soon begin raising capital to further explore these highly promising properties.” – Richard Rivet, President & CEO
All non‑material boilerplate, forward‑looking statements, and corporate background sections have been omitted for brevity.