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Rainbow Planning Surface Bulk Sample For Referendum Property : Jewel Ridge Samples Up To 3.6 G/T Au And 30.4 G/T Ag
(via Thenewswire.ca) TORONTO, ONTARIO, May 31, 2012 - Rainbow Resources Inc. (TSX VENTURE: ...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"\nRainbow Planning Surface Bulk Sample For Referendum Property : Jewel Ridge Samples Up To 3.6 G/T Au And 30.4 G/T Ag\n\n(via Thenewswire.ca)\n\n \nTORONTO, ONTARIO, May 31, 2012 - Rainbow Resources Inc. (TSX VENTURE: RBW) (\"Rainbow\" or the \"Company\") is pleased to report that the Company is proceeding with a permit application for a surface bulk sample of up to 10,000 tonnes at its Referendum Property near Nelson, B.C., part of the 12,700-hectare Big Strike Project.\n\n\n \nThe targeted area on the eastern side of the Referendum Property includes a quartz tourmaline stockwork system and hydrothermally altered rock within a zone, open in all directions, measuring approximately 700 metres by 150 metres. A mini-bulk sample from surface, totalling 240 tons, was carried out in the 1980's from this area near an underground shaft. Ore with very low sulphide content was processed at the Trail Smelter and returned an average grade of 0.13 oz/ton Au (4.5 g/t) and 0.87 oz/ton Ag (29.8 g/t) for approximately 30 ounces of gold and 210 ounces of silver.\n\n\n \nReferendum is one of four high priority properties in the Big Strike package. Drilling is expected to begin shortly at the Gold Viking Property followed by the flagship International Silver Property, upon receipt of permits which are expected imminently. The Ottawa Property, the top producer of high-grade silver in the Slocan Valley in the 1900's, is contiguous to Gold Viking and will also be a focus of the Company's exploration efforts this summer.\n\n\n \nThe International, Gold Viking and Ottawa have never been previously drilled despite high-grade past production from all three. In addition to its upcoming drill program, Rainbow has already commenced prospecting at its Big Strike Project with the goal of identifying new potential discovery areas throughout this highly prospective and under-explored land package. Results will be released when they become available.\n\n\n \nJewel Ridge\n\n\n \nAfter an initial site visit, a review of historical data, and receipt of assay results from sampling, Rainbow Resources is pleased to report that it will be proceeding with a Phase 1, 2,000-metre RC drill program at its Jewel Ridge Property in Nevada along the prolific Battle Mountain-Eureka Trend during the third quarter of 2012.\n\n\n \nWith several past-producing pits lined up on a prim...