Raindrop Preparing for Work on Clover Mountain Idaho Gold Project
Raindrop Ventures Inc.
Raindrop Preparing for Work on Clover Mountain Idaho Gold Project
VANCOUVER, BRITISH COLUMBIA, February 14, 2020 –Raindrop Ventures Inc. (CSE:RAYN) (“Raindrop” or the “Company”) announced today that, after contact with the Owyhee Field Office of the Bureau of Land Management (“BLM”), the Company is preparing to submit a Plan of Operations and Notice of Exploration. After the submittal has been approved, the Company will begin its planned exploration work including mapping and trenching.
The Clover Mountain property is located on BLM land some 60 air miles southeast of Boise, Idaho and consists of 43 unpatented claims totaling 860 acres. A 2008 and 2009 soil geochemical program collected 215 soil samples that defined two northeast trending soil anomalies with gold values ranging from 0.020 ppm to 0.783 ppm in an area is approximately 2500’ long 750’ wide. Silver values range from 0.02 ppm to 1.19 ppm. Other anomalous trends were also defined. In addition, rock chips samples collected on the property returned values up to 1.985 g/t gold, 19.95 g/t silver, 1.25% copper and 1.54% zinc.
Grant of Incentive Stock Options
The Company has granted 1,760,000 incentive stock options exercisable at a price of $0.10 for 5 years from the date of grant. The incentive stock options were granted to officers, directors and consultants of the Company in accordance with the Company's 10% rolling stock option plan.
About Raindrop Ventures Inc.
Raindrop is a newly formed company that began trading on the CSE February 3, 202 and is led by a noted leader in mining and mineral exploration with the express purpose of acquiring and exploring mineral properties in the new resource commodity cycle. Raindrop acquired the Clover Mountain Property, located in Idaho, USA and holds an option on the Silver Star property in BC.
Raindrop has a well-planned capital structure with significant team and insider ownership. For more information please visit www.raindropventures.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
Satvir S. Dhillon President
For further information please contact:
Saf Dhillon Raindrop Ventures Inc.
Canaccord Genuity Place 1588 – 609 Granville Street Vancouver B.C. V7Y 1G5 Telephone: 604-688-2922 Email: [email protected] Canaccord Genuity Place – Suite 1588 – 609 Granville Street, Vancouver, B.C. V7Y 1G5 (P) 604-688-2922