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Rainbow Drills Near-Surface Gold Intercept Of 0.51 Oz/Ton Over 6.2 Feet in First-Ever Drilling at Gold Viking Property
(via Thenewswire.ca) Mr. David W. Johnston reports: TORONTO, ONTARIO, January 2, 2013: ...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"\nRainbow Drills Near-Surface Gold Intercept Of 0.51 Oz/Ton Over 6.2 Feet in First-Ever Drilling at Gold Viking Property\n\n(via Thenewswire.ca)\n\n \nMr. David W. Johnston reports:\n\n\n \nTORONTO, ONTARIO, January 2, 2013: Rainbow Resources Inc. (TSX VENTURE: RBW and OTCQX: RIINF) (\"Rainbow\" or the \"Company\") has intersected high-grade silver and gold mineralization near-surface in the southern section of the Company's 100% owned Gold Viking Property near the Village of Slocan in southeast British Columbia. The property had never been previously drilled and is immediately adjacent to the Ottawa Mines, the Slocan Valley's top silver producer in the 1900's, which includes ground also held 100% by Rainbow. Plans are under way to initiate a step-out winter drill program at Gold Viking, if ground conditions continue to be favorable, to further evaluate this new discovery. \n\n\n \nDrill hole GV-12-04 intersected 0.51 oz/ton Au and a preliminary silver value of 1.9 oz/ton over 6.2 feet between a depth of 15.4 and 21.6 feet. One sample in the interval returned an over-limit silver grade (>2.9 oz/ton). A 1:1:1 aqua regia digestion and ICP-ES analysis by Acme Analytical Laboratories Ltd. will provide a precise silver grade as the initial assaying procedure could not determine silver values above 2.9 oz/ton. \n\n\n \nHole GV-12-04 also included a 3.9-foot intersection between a depth of 95.8 feet and 99.7 feet (>2.9 oz/ton Ag and 0.03 oz/ton Au) that is being re-assayed for a precise silver grade. \n\n\n \nHole GV-12-03 returned 0.07 oz/ton Au and a preliminary value of 1 oz/ton Ag over 8.9 feet at a depth between 84.9 and 93.8 feet. Again, this interval included an over-limit sample (>2.9 oz/ton Ag) that is being re-assayed. \n\n\n \nResults from GV-12-01 and GV-12-02 were reported by Rainbow December 4, 2012. A 15-foot section in GR-12-02 included two over-limit silver samples (>2.9 oz/ton) with a preliminary grade of 1.3 oz/ton Ag, and re-assaying results are still pending. Two other holes were drilled at Gold Viking South (GV-12-05 and GV-12-6) while six holes were drilled approximately 3,300 feet to the north. Rainbow expects to be able to report all remaining results (eight more holes plus the high-grade samples being re-tested) within approximately three weeks. \n\n\n \n \"Subject to conditions on the ground, whic...