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New Listing: Raindrop Ventures (CSE:RAYN)

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Raindrop is involved in the business of acquiring and exploring mineral properties in Canada and the United States.

Additional Information:

Company: Raindrop Ventures
Website: http://www.raindropventures.ca
Stock Symbol: CSE: RAYN
Date Published: Feb 3, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Raindrop Ventures is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “RAYN”.

Raindrop is involved in the business of acquiring and exploring mineral properties in Canada and the United States.

On June 14, 2018, the company entered into the Option Agreement to acquire a 100% interest in the
Silver Star Property located Southeast of Houston, British Columbia, approximately 40 kilometres southwest of the town of Burns Lake.

To date, Raindrop has focussed on the exploration and evaluation of the Silver Star Property, which consists of 4 claims totaling 1,487 hectares.

In 2015, a reconnaissance program was completed consisting of 7 rock grab samples, indicating a potential silver-related mineralization system with gold values ranging from 0.02 parts per million to 0.783 parts per million, rock values ranging from 0.69 grams per tonne to 4.3 grams per tonne in stock-work quartz fracture filled veins.

Maximum base metal rock chip assays include 1.25% copper and 1.54% zinc.

The company is exploring for epithermal gold, silver mineralization on the Silver Star property.

In September 2018, Raindrop acquired the Clover Mountain Property, located in Idaho, USA, in exchange for approximately 6.8 million shares.

The Clover Mountain Property, located on Bureau of Land Management land approximately 60 air miles southwest of Boise, Idaho, consists of 43 unpatented claims totaling 860 acres.

Mineralization on the property has been confined to sulphides occurring in quartz veins

Anomalous base metals values ranging from trace up to 1.25% copper and 1.54% zinc were obtained from rock chip samples collected in areas of veining near the contact between the granitic stock and northwest trending rhyolitic and gabbroic dikes.

Anomalous gold values obtained from rock chip samples ranged from zero to 0.13 ounces per ton, with anomalous silver values ranging from zero to 19.95 ounces per ton.

The company recently raised gross proceeds of $800,000 from the placement of 8 million shares, priced at $0.10 per share.

Leede Jones Gable was agent for the Initial Public Offering.

The shares are current bid at $0.10 with shares offered at $0.20.

For more information, please visit the company’s website www.raindropventures.ca, contact Saf Dhillon, President and CEO, at 604-688-2922 or by email at SafDhillon@gmail.com.

I’m Fiona Forbes for Investmentpitch Media