rainmaker mining corp. 3rd floor – bellevue centre 235 – 15thstreet, west vancouver, british columbia v7t 2x1 telephone: (604) 921-
RAINMAKER MINING CORP.
3rd Floor – Bellevue Centre
235 – 15thStreet,
West Vancouver, British Columbia V7T 2X1
Telephone: (604) 921-1810 Facsimile: (604) 921-1898
NEWS RELEASE
Rainmaker Mining Corp. acquires Jayjay Lake Silica Sands Project,
Saskatchewan
January 9, 2014 Vancouver, British Columbia - Rainmaker Mining Corp.
(“Rainmaker”) (RMG/TSX.V) is pleased to announce that it has entered
into an Option Agreement with JCMP Management Corp to acquire a 3637
acre quarry permit on the Jayjay Lake silica sand project in northern
Saskatchewan. The terms of the acquisition are:
*
$10,000 on signing a Letter of Intent;
*
$35,000 and 1,400,000 shares of Rainmaker on receiving all
necessary approvals;
*
1,000,000 shares of Rainmaker 18 months after the approvals are
obtained;
*
The vendor retains a 2% NSR.
JCMP has an option to acquire the permit from the original permittee.
Rainmaker plans to commence exploration on the property with an
extensive sampling program, as soon as snow conditions permit.
Chris M. Healey, a Director of Rainmaker commented, “Rainmaker has
targeted the Frac Sands industry due to increasing demand, favorable
economics and the potential low capex nature of beach sand silica
operations. The company feels that this initial project is well suited
to the turbulent nature of the current minerals markets.”
In addition, the company is actively seeking other opportunities in
related products.
Jayjay Lk project:
The Jayjay silica sand project is located in north-central
Saskatchewan, approximately 185 km north-east of Prince Albert SK, and
150 km west of Flin Flon MB. Access is excellent with an all-season
Province Road crossing the centre of the property. The property
consists of 92 Quarry Dispositions (3637 acres), for which a Quarry
Permit has been issued by the Government of Saskatchewan.
The sand deposit lies at surface and consists entirely of beach sand
from the shores of glacial Lake Agassiz. This lake covered much of the
central Prairies until approximately 10,000 years before present. Wave
action on the beaches has resulted in clean, well-rounded sand grains,
which may be suitable for hydraulic fracturing. The sand is derived
from a marine quartzose sandstone horizon in the Cretaceous Manville
formation.
Previous work in the 1980’s confirmed the presence of this potential
high quality sand. At that time, the markets were limited, and the
selling prices were much lower than today.
Chris M. Healey, P.Geo, a Director of Rainmaker, is the qualified
person responsible for the technical content of this release.
On Behalf of the Board of Directors,
Rainmaker Mining Corp.
www.rainmakermining.com
.
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.