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Big Strike Drilling Shifts to Gold Viking Nevada Drilling Set to Follow up on 2.1 G/T Au over 39.6 Metres Near-Surface
(via Thenewswire.ca) Mr. David W. Johnston reports: TORONTO, ONTARIO, October 15, 2012:...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"\nBig Strike Drilling Shifts to Gold Viking Nevada Drilling Set to Follow up on 2.1 G/T Au over 39.6 Metres Near-Surface\n\n(via Thenewswire.ca)\n\n \nMr. David W. Johnston reports:\n\n\n \nTORONTO, ONTARIO, October 15, 2012: Rainbow Resources Inc. (TSX VENTURE: RBW) (\"Rainbow\" or the \"Company\") is pleased to provide the following exploration update as it continues to advance its 13,000-hectare Big Strike Gold-Silver Project in the West Kootenays and its Jewel Ridge Property along the prolific Battle Mountain-Eureka Trend in Nevada.\n\n\n \nHighlights:\n\n\n \n-A 15-hole Phase 1 drill program has been completed at the International Silver Property and assays are pending;\n\n\n \n-Big Strike Project drilling shifts this week to the Gold Viking Property, contiguous to the past producing Ottawa Mines (1.8 million ounces of silver at an average grade of 61.6 opt);\n\n\n \n-Fresh historical data magnifies potential of Jewel Ridge Property in Nevada with drilling commencing shortly to follow up on previous near-surface intercept of 2.1 g/t Au over 39.6 metres.\n\n\n \nInternational Silver Property \n\n\n \nRainbow has completed a 15-hole shallow drill program at its International Property near the historic silver mining community of Kaslo in southeast British Columbia, 140 km north of Nelson. Drilling consistently intersected the International vein system and core is being analyzed for silver, lead, zinc and gold mineralization. The Company is eagerly anticipating results within the next 2-3 weeks which, along with prospecting efforts in progress, will help guide the next stage of exploration at this previously undrilled 4,000-hectare property.\n\n\n \nDrilling Shifts To Gold Viking, Sampling Assay Returns 10 g/t Au\n\n\n \nA first-ever drill program begins this week at the Gold Viking Property adjacent to the Village of Slocan, 70 km north of Nelson. Permits for numerous sites have been received from the B.C. Ministry of Energy & Mines and are valid until November of next year. \n\n\n \nPhase 1 drilling will focus on the central portion of the property where a prominent low resistivity feature (see map on Company web site) is coincident with a multi-element soil geochemical anomaly. This feature, 1,400 metres long and 320 metres wide, may represent a structural break that could have acted as a conduit for mineralizing hydroth...