Raimount Energy Inc. announces mineral resource estimates for the Prosperity - Porter Idaho - Silverado silver property, Skeena Mining Division, British Columbia



    CALGARY, Jan. 28 /CNW/ - Raimount Energy Inc. ("Raimount") (TSXV: RMT)
has received estimates of Indicated and Inferred Mineral Resources for its
wholly-owned Prosperity - Porter Idaho - Silverado silver property as prepared
by Dr. N.C. Carter, P.Eng., an independent Qualified Person as defined by
National Instrument (NI) 43-101. These mineral resource estimates were based
on a review of Raimount's detailed technical information pertaining to the
mineral properties. A NI 43-101 compliant technical report detailing the
resource estimates will be filed in SEDAR within 45 days of the date of this
news release.
    The Prosperity - Porter Idaho - Silverado property is situated on Mt.
Rainey between 1 and 6 kilometres southeast of the port of Stewart in
northwestern British Columbia. The property consists of 46 wholly owned full
and fractional Crown granted mineral claims which cover an area of more than
500 hectares (1,235 acres) on the northwestern and southeastern slopes of Mt.
Rainey. Elevations within the property area range from sea level to more than
2000 metres.
    Silver mineralization was discovered within the current property area in
the early 1920s. Extensive development work on the Prosperity - Porter Idaho
properties on the southeastern side of Mt. Rainey in the late 1920s (more than
4500 metres of underground workings) resulted in the shipment of 27290 tonnes
of mineralized material with recovered grades of 2690 grams/tonne (78 ounces
per ton) silver and 5.1% lead plus gold, zinc and copper credits. Additional
surface and underground exploratory work was undertaken on the Silverado
mineral showings, on the northwestern slope of Mt. Rainey, in the late 1940s.
The Prosperity - Porter Idaho workings were further investigated between 1975
and 1985 by way of 6424 metres of underground and surface diamond drilling
(42 holes) and by 1290 metres of underground percussion drilling in 170 short
test holes. These operations were primarily conducted on two of the five known
mineralized shear zones located on the property.
    Silver mineralization is associated with quartz veining and sulphide
minerals in lenses within a number of subparallel, north- to
northwesterly-trending, westerly-dipping shear zones developed in Jurassic
volcanic rocks marginal to Tertiary granitic rocks of the eastern flank of the
Coast Crystalline Belt. Silver is present in sulphide and sulphosalt minerals
and in native form. Five principal vein structures are known in the area of
the Prosperity - Porter Idaho underground workings. Virtually all of the
historic production was from two of these structures, namely the Prosperity
and 'D' Veins which also host the mineral resources reported below.
    Estimates of Indicated and Inferred Mineral Resources for the Prosperity
and 'D' Vein structures were prepared by Dr. N.C. Carter, P. Eng. in January,
2008 and are summarized in the following tables.

    
    Indicated Mineral Resources

                                        Silver
    Structure            Tonnes   (grams/tonne)       Lead (%)       Zinc (%)
    ---------            ------   -------------       --------       --------

    D Vein               221400            743           2.26           1.76
    Prosperity Vein      173300           1029           4.81           0.97

      Total              394700            868           3.37           1.41
                        (435,000 tons @ 25.2 oz/ton silver = a
                         contained 11 million ounces)

    Inferred Mineral Resources

                                        Silver
    Structure            Tonnes   (grams/tonne)
    ---------            ------   -------------
    D Vein                79830            569
    Prosperity Vein        9070            819

      Total               88900            595
                         (97,970 tons @ 17.3 oz/ton silver = a
                          contained 1.7 million ounces)

    Note that both of the foregoing categories are mineral resources and do
    not have demonstrated economic viability.
    

    These mineral resource estimates have been prepared pursuant to CIM
Standards on Mineral Resources and Reserves referred to in NI 43-101,
Standards of Disclosure for Mineral Projects. The estimates are based on the
results of surface and underground diamond drill holes and underground
percussion test holes completed between 1975 and 1985 supplemented by detailed
underground channel sampling conducted by Premier Gold Mining Company Limited
("Premier") in the late 1920s and by Pacific Cassiar Limited in the early
1980's. Resources were calculated for each vein structure by the construction
and measurement of polygons on longitudinal sections. All of the historic data
used were in Imperial units of measurement, consequently the initial resource
estimates were prepared using such units and subsequently converted to metric
units. Note that insufficient data were available to estimate average lead and
zinc values for the Inferred Mineral Resources. Original assays in the late
1920's were completed by Premier. During the 1975 to 1985 operations, assays
were completed by independent laboratories located in Vancouver, British
Columbia.
    Parameters used in calculating the resource estimates included a cutoff
grade of 5.0 oz/ton silver (170 grams/tonne), a minimum sample length of
4 feet (1.22 metres), and an assumed tonnage factor of 11 cubic feet per short
ton which approximates a specific gravity of 2.85.
    Widths of the D Vein range from 2.3 to 6.0 metres with an overall average
of 4.5 metres. Prosperity Vein widths are in the order of 7 to 8 metres. Both
structures are open both along strike to the north and northwest and to depth.
    Dr. N.C. Carter, P.Eng., an independent Qualified Person as defined by NI
43-101, has reviewed and approved the technical disclosure in this news
release.

    ON BEHALF OF THE BOARD OF DIRECTORS

    "Steve Vavra"

    Vice President, Raimount Energy Inc.

    
     No regulatory authority has approved or disapproved the information
      contained in this news release. The TSX Venture Exchange does not
     accept responsibility for the adequacy or accuracy of this release.

                         Forward Looking Statements
    

    This release includes certain statements that may be deemed
"forward-looking statements". Other than statements of historical fact all
statements in this release that address future production, reserve or resource
potential, exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking statements. Although
the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes,
availability of capital and financing, and general economic, market or
business conditions. Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or developments may
differ materially from those projected in the forward-looking statements. For
more information on Raimount Energy Inc., investors should review the
Company's filings that are available at www.sedar.com.





For further information:

For further information: Steve Vavra, Vice President, Raimount Energy
Inc., Phone: (403) 265-6292, raimount@telusplanet.net

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