Golden Rapture Acquires Northern Queen Mine Property Adjacent to NexGold Mining Goliath Deposit & Dryden Gold Corp

Rhea-AI Summary

Golden Rapture (OTC:GLDRF) agreed to acquire a 100% interest in the 1,500-acre Northern Queen Mine property by issuing 450,000 class A common shares to the vendor; the transaction is subject to regulatory approval.

The property borders the NexGold Goliath deposit and Dryden Gold claims, contains historic production from 1897–1899, and has not been tested with modern methods. Company highlights include 2024–2025 high‑grade exploration: drill intercepts to 114.96 g/t Au over 2.55 m (including 285.00 g/t), grab samples to 200.80 g/t Au, a 313 line‑km drone magnetic survey covering ~16.7 km2, a multi‑million‑dollar JV on Phillips Township, and applied permits for Hutchison drilling.

Positive

• Acquisition of 1,500 acres (Northern Queen) for 450,000 shares
• Property adjacent to NexGold Goliath deposit and Dryden Gold claims
• Phillips drill high of 114.96 g/t Au over 2.55 m (including 285.00 g/t)
• Surface grab samples up to 200.80 g/t Au on Phillips Township
• Completed 313 line‑km drone magnetic survey covering ~16.7 km2
• Entered a multi‑million‑dollar JV on Phillips Township

Negative

• Northern Queen acquisition is subject to regulatory approval
• Historical records are limited and Northern Queen was never explored with modern methods
• JV partner has not yet commenced exploration, creating a timing uncertainty

Edmonton, Alberta--(Newsfile Corp. - November 14, 2025) - Golden Rapture Mining Corporation (CSE: GLDR) is pleased to announce that it has entered into an agreement with 1000903966 Ontario Inc. to acquire a 100% interest in the Northern Queen Mine property located southeast of Dryden, Ontario. Also included are updates and a recap of our recent 2025 high-grade results from our other three projects.

The Northern Queen Mine property lies along the southern boundary of the NexGold Goliath Gold Deposit, and the eastern part of the property is also strategically situated on the northern border of the Dryden Gold claims.

The same large Wabigoon and Manitou-Dinorwic deformation zones present on our neighbours' ground also cross the western and eastern parts of our claims. It is the only remaining key ground in the area that is not held by NexGold Mining or Dryden Gold Corp.

The historical records of the Northern Queen Mine are limited; however, archival Ontario Ministry of Energy and Mines files indicate that it produced gold and silver from 1897 to 1899 and has never been explored using modern exploration methods.

We are looking forward to exploring this underexplored property using modern methods and technologies. It has world-class infrastructure at our doorstep, including: Trans-Canada Highway, Ontario Provincial Hwy 72, CP Rail, Hydro and ready access to an experienced and available workforce in Dryden, Wabigoon and Sioux Lookout.

Source: Ministry of Energy and Mines Ontario Files, Historical Northern Queen Mine Report

Heavily Mineralized 4 ft Wide Boulder from Quartz Vein Near the Shaft

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10613/274492_37f5b6912498d94c_001full.jpg

The large Wabigoon and Manitou-Dinorwic deformation zones, which are present on the Nexgold Mining and Dryden Gold ground, also cross the western and eastern parts of our claims.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10613/274492_37f5b6912498d94c_004full.jpg

Qualified Person

The technical disclosure in this news release has been reviewed and approved by John Archibald, P. Geo., Qualified Person for Golden Rapture as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Golden Rapture will acquire a 100 % interest in the 1500-acre Northern Queen Mine 38 claim units property by issuing 450,000 class "A" common shares of GLDR to the vendor. This agreement is subject to regulatory approval.

TARGETING OTHER UNDEREXPLORED GOLDEN OPPORTUNITIES

Our other three high-grade projects host a total of 23 historical mine shafts:

1. PHILLIPS TOWNSHIP GOLD PROJECT

This 10,000+ acre high-grade gold property hosts 18 historic mine shafts and is strategically situated near the producing New Gold Rainy River Mine.

On November 04, 2024, our drilling returned exceptionally high-grade intercepts as high as 285.00g/t Au, with 114.96 g/t Au over 2.55 meters in hole 12 and 111.16 g/t Au over 1.50 meters in hole 17.

Hole No.	Dip	From (m)	To (m)	Interval (m)	Au g/t Results
GRM24-09	66°	24.00	25.00	1.00 m	1.35 g/t
GRM24-09	66°	25.50	26.00	0.50 m	8.62 g/t
GRM24-10	66°	13.50	14.50	1.00 m	8.90 g/t
Including	66°	14.00	14.50	0.50 m	14.20 g/t
GRM24-11	66°	15.50	16.00	0.50 m	5.64 g/t
GRM24-11	66°	17.00	19.00	2.00 m	4.79 g/t
Including	66°	18.00	19.00	1.00 m	7.61 g/t
GRM24-11	66°	19.00	24.00	5.00 m	1.07 g/t
GRM24-12	66°	22.75	25.30	2.55 m	114.96 g/t
Including	66°	22.75	23.25	0.50 m	285.00 g/t
GRM24-12A	45°	5.75	6.30	0.55 m	55.04 g/t
GRM24-13	45°	5.50	6.30	0.80 m	17.40 g/t
GRM24-14	45°	6.50	7.50	1.00 m	3.73 g/t
GRM24-16	45°	6.00	6.50	0.50 m	1.10 g/t
GRM24-17	45°	6.50	8.00	1.50 m	111.16 g/t
Including	45°	6.50	7.00	0.50 m	252.00 g/t
GRM24-18	45°	12.00	13.00	1.00 m	8.09 g/t
Including	45°	12.00	12.50	0.50 m	13.90 g/t
GRM24-19	55°	4.50	11.00	6.50 m	2.05 g/t
including	55°	5.50	6.00	0.50 m	5.65 g/t
including	55°	8.50	9.00	0.50 m	5.77 g/t
including	55°	10.50	11.00	0.50 m	3.68 g/t
GRM24-21	57°	18.50	19.50	1.00 m	23.20 g/t
GRM24-21	57°	21.50	22.50	1.00 m	2.93 g/t
GRM24-22	70°	18.10	22.50	4.40 m	11.74 g/t
Including	70°	19.20	19.70	0.50 m	59.99 g/t
Including	70°	19.70	20.20	0.50 m	37.99 g/t
Including	70°	22.00	22.50	0.50 m	5.27 g/t
GRM24-23	45°	14.00	15.00	1.00 m	1.25 g/t

 

On May 28, 2025, the company completed a low-altitude, high-resolution drone magnetic survey. The (UAV) airborne magnetics survey was conducted by Rosor Exploration of Burlington, Ontario. It was flown at a height of 50 meters with a MagArrow magnetometer by Geometrics suspended from a Matrice 300 RTK drone along 50-meter spaced lines with a total of 313 line-kilometers covering an area of approximately 16.7 km2 in size.

The results identified new high-priority targets, confirming that the survey area is dominated by strong linear anomalies throughout the project area, with the strongest occurring in the northeast corner.

It was also noted by Rosor Exploration in their report that there is intense deformation and folding in the eastern part of the survey area.

Source: Phillips Project Survey Processing Report: Authored by: Skyler Mallozzi, M.Sc, P.Geo, Senior Geophysicist, Rosor Exploration.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10613/274492_37f5b6912498d94c_005full.jpg

On July 02, 2025, the company announced high-grade gold results from its recent surface sampling program, which was designed to test certain surface areas where strong anomalies were recently identified in our low-altitude, high-resolution drone magnetic survey. The survey results identified new high-priority targets, confirming that the survey area is dominated by strong linear anomalies throughout the project area, with the strongest occurring in the northeast corner (Young's Bay area), where intense deformation and folding are present.

To our surprise, the survey proved to be helpful in discovering new high-grade parallel veins. Included are the highlights of the July 02 sampling results:

GRAB SAMPLE NUMBER	AREA OF THE PROPERTY	ASSAY RESULT
291145	YOUNG'S BAY	200.80 g/t Au or 7.08 oz/t gold
291152	YOUNG'S BAY	144.02 g/t Au or 5.00 oz/t gold
291155	YOUNG'S BAY	134.19 g/t Au or 4.73 oz/t gold
291160	YOUNG'S BAY	107.17 g/t Au or 3.78 oz/t gold
291108	COMBINED MINE	107.02 g/t Au or 3.77 oz/t gold
291159	YOUNG'S BAY	100.50 g/t Au or 3.54 oz/t gold
291166	YOUNG'S BAY	83.88 g/t Au or 2.95 oz/t gold
291105	COMBINED MINE	78.25 g/t Au or 2.76 oz/t gold
291157	YOUNG'S BAY	71.28 g/t Au or 2.51 oz/t gold
291161	YOUNG'S BAY	64.26 g/t Au or 2.26 oz/t gold
291151	YOUNG'S BAY	50.22 g/t Au or 1.77 oz/t gold
291148	YOUNG'S BAY	43.60 g/t Au or 1.53 oz/t gold
291147	YOUNG'S BAY	32.36 g/t Au or 1.14 oz/t gold
291112	COMBINED MINE	30.09 g/t Au or 1.06 oz/t gold

 

The full results of this July 02, 2025 sampling program and the November 04, 2025 drill results can be seen on the company's website at https://goldenrapturemining.com/News.

On August 11, 2025, the company also entered into a multi-million-dollar joint venture agreement and is currently awaiting the JV partner's commencement of exploration activities on the Phillips Township property.
See August 11, 2025, news release at https://goldenrapturemining.com/News.

2. HUTCHISON MINE PROJECT - Geraldton Gold Camp

The 100% owned Hutchison Mine Project is a 2,300-acre high-potential property featuring 3 historic mine shafts, strategically located near the presently producing Equinox Gold Greenstone Open Pit Mine, Geraldton, Ontario.

The Geraldton-Beardmore greenstone belt is a gold camp that has seen some twenty (20) producing mines over the years, with the Hutchison Gold Mine being one of the richest historical mines in the area.

Minerals: Gold, Silver & Critical Minerals. Historical high-grade results as high as 751.46 g/t Au. Also hosts high-grade Zinc and Copper in the northern part of the property.

Graphite: During the 1980s, Noranda Exploration conducted drill testing on a series of electromagnetic conductors, resulting in the discovery of multiple graphite-bearing zones across diverse lithologies. Remarkably, graphite mineralization was intersected in nearly every drill hole, with several zones yielding exceptionally high grades of 30% to 70% graphite.

They concluded in their 1982 Noranda Exploration Report that most of the electromagnetic conductors were most likely graphic horizons. Despite the very encouraging results, no follow-up exploration or development was pursued, as the original drilling program was not targeting graphite.
Source: Ministry of Energy and Mines Ontario Files, 1982 Noranda Exploration Report

Going forward

The historical high-grade results that will need to be followed-up include 11.6 oz/ton/gold across 1.3 feet, 1.84 oz/ton/gold across 2.25 ft, vein number 1 located 100 ft due south of the shaft in surface pits which gave results of 0.87 oz/ton/gold across 2.67 ft plus vein number 4 located 130 ft north of the shaft which yielded results of 0.5 oz/ton/gold over 1.5 ft for a length of 90 ft.

Of additional interest is a cross-sectional drill hole number 34A, which cut what appears to be the westward extension of the number 4 vein which gave an average of 0.76 oz/ton/gold over 4.5 ft at a point 40ft above and 30ft west of the first level.

Also of significant importance is a flat hole structure westward from the second level, which cut 5.6 oz/ton/gold over 1.3 ft. Other areas to follow up include vein number 5, located 270 ft north of the shaft, which has a length of 120 ft and averages 0.55 oz/ton/gold across 2.5 ft.

Also included is another drill hole located approximately 560 ft north of the shaft, which gave extremely high-grade results of 13.52 oz/ton/gold over 1.1 ft, and another 140 east of the shaft that again yielded ultra-high-grade results of 24.16 oz/ton/gold over 2.0 ft.

Source: Source: Ministry of Energy and Mines Ontario Files, Historical MAYLAC GOLD MINES LIMITED SUMMARY REPORT written by Walter Maybank. Results reported in ounces.

An Exploration Permit has recently been applied for. Proposed stripping and drilling locations can be seen on the MAG survey data map below.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10613/274492_37f5b6912498d94c_006full.jpg

3. BULLY BOY MINE PROJECT:

Includes four patented mineral claims hosting 2 historical mine shafts. Located near the producing New Gold Rainy River Gold Mine. Historical high-grade results. Ownership 50%.

On July 14, 2025, a grab sampling program targeting surface quartz veins near the main shaft delivered impressive results. Of the 13 samples collected, the highest-grade assay returned 78.79 g/t Au, equivalent to 2.78 oz/t of gold.
Please see July 14, 2025 news release at https://goldenrapturemining.com/News.

History

The historical records of the Bully Boy Mine are limited; however, archival Ontario Ministry of Mines files indicate that high-grade gold was first discovered in 1885 and that it was mined intermittently from 1898 to 1906.

In 1900, the mining workforce consisted of six miners.

In 1904, the Arizona Camp Bay Gold Mining Company assumed ownership. Equipment formerly used by the neighbouring Boulder Mining Company-including a hoist, compressors, boilers, and other mining machinery-was transferred to the Bully Boy site.

In 1905, new accommodations were constructed to house approximately 30 workers. A ten-stamp mill, located two miles from the mine, processed up to 18 tons of ore per day.

By 1906, the main shaft was deepened by 60 feet, and lateral drifting was initiated at the 200-foot level, and a new compressor plant was also installed. By the end of the year, the shaft had reached 216 feet, with two 100-foot drifts extending north and south.

The ore extracted from the mine was estimated to contain gold values between $12 to $2,000 per ton as per historical report, with gold priced at approximately $20/ounce in 1906. The last reported info about the property was that a new mill was added to supplement the existing ten-stamp mill, but no additional mining activity or production numbers can be found for the last 119 years.
Source: Ministry of Energy and Mines Ontario Historical Bully Boy Mine Files

Richard Rivet said, "We are proud to have assembled a strong portfolio of four high-grade projects, encompassing a total of 24 historical underexplored mine shafts, which are also located near gold producers.

With gold prices hitting record highs this year, we're excited to soon begin raising capital to further explore these highly promising properties in what continues to be a very favourable market environment for gold explorers."

ABOUT GOLDEN RAPTURE MINING CORPORATION

Golden Rapture Mining is a newly listed exploration company engaged in the acquisition, exploration and development of high-potential projects. Its 4 projects are comprised of highly prospective past-producing high-grade gold systems, which include the Phillips Township Gold Project with 18 mine shafts, the Bully Boy Mine with 2, the Hutchison Mine with 3 and Northern Queen Mine with 1 shaft. Target minerals are Gold, Silver & Critical Minerals.

Golden Rapture became listed in March 14 of 2024 and presently has 37,469,390 shares issued

ON BEHALF OF THE BOARD

Richard Rivet,

President & Chief Executive Officer

Email: goldenrapture@outlook.com

Phone: 780-729-5395

For more info, please look at our website at https://goldenrapturemining.com

Forward-looking statements include predictions, projections, and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's planned exploration programs and drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274492

FAQ

What did Golden Rapture (GLDRF) announce on November 14, 2025 about Northern Queen?

Golden Rapture agreed to acquire a 100% interest in the 1,500‑acre Northern Queen Mine property by issuing 450,000 class A shares, subject to regulatory approval.

How close is the Northern Queen property to the NexGold Goliath deposit and Dryden Gold claims?

The Northern Queen property lies along the southern boundary of NexGold's Goliath deposit and the eastern part borders Dryden Gold claims.

What drill results did Golden Rapture report at Phillips Township in 2024–2025?

Drilling returned high‑grade intercepts including 114.96 g/t Au over 2.55 m and included assays up to 285.00 g/t Au in GRM24‑12.

What surface sampling highlights did Golden Rapture report on July 2, 2025 for Phillips Township?

Grab samples returned multiple high assays, with a top result of 200.80 g/t Au at Young's Bay.

What geophysics work did Golden Rapture complete on Phillips Township and when?

On May 28, 2025 the company completed a low‑altitude, high‑resolution drone magnetic survey of 313 line‑km covering ~16.7 km2.

What is the status of the joint venture on the Phillips Township property (GLDRF)?

Golden Rapture entered a multi‑million‑dollar joint venture on August 11, 2025 and is currently awaiting the JV partner to commence exploration activities.

What notable historic and exploration details exist for Hutchison and Bully Boy projects?

Hutchison hosts historical high assays up to 751.46 g/t Au and reported graphite zones of 30–70% in a 1982 Noranda report; Bully Boy grab sampling returned 78.79 g/t Au on July 14, 2025.