VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/07/13 — Rapier Gold Inc. (TSX VENTURE: RPR) (the „Company“) is pleased to provide an exploration program update for its Pen Gold Project, approximately 75 km southwest of Timmins, Ontario. The summer mapping and prospecting program was completed last week.
The majority of the field work has focused on the northern portion of the Pen Gold Project to expand on previous prospecting by Rio Tinto and to meet the expenditure obligations under our share purchase agreement.
Highlights of the work to date include:
Links to Appendices:
Appendix 1 – Maps of 2013 sample locations and 2013 an 2010 geochemical anomalies: .
Appendix 2 – Sampling results, see Appendix 1 for map of anomalies: .
Appendix 3 – Nib Yellowknife Area: .
Appendix 4 – New Hydro Line Area: .
Mapping/Prospecting:
See Appendix 1 for sample location map and Appendix 2 for sample results table
Geochemistry:
Planned Work Programs for Remainder of 2013:
About Rapier Gold Inc.
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 for samples grading up to 5 g/t Au and with a gravimetric finish for samples above that level.
Gary Wong, P.Eng., Vice-President Exploration of the Company, and 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
Roger Walsh, President & 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 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 obtain any government or other regulatory approvals required to complete the Company-s planned exploration activities, 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 and that the Company will be unable to obtain 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.
Contacts: Rapier Gold Inc. Roger Walsh 604-569-0049
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