Rainbow Resources - Big Strike Project Field Exploration Highlights: 85.3 g/t Au at Whitewater; 35.6 g/t Au at Referendum; ...
2013年11月28日 - 11:18PM
Access Wire
TORONTO, ONTARIO - (November 28, 2013)
Rainbow Resources Inc. ('Rainbow' or 'the Company') (TSX
VENTURE:RBW)(OTCQX:RIINF) is pleased to announce that it has
received assay results from its recent field mapping and sampling
program at its key Big Strike Project in the West Kootenay Mining
District near Nelson, British Columbia, Canada.
Rainbow received encouraging results
from the Big Strike Project's Whitewater, Referendum and Gold
Viking properties and a technical report is currently being
prepared which will contain an in depth analysis of these results
and recommendations for further exploration including priority
targets for a future diamond drilling program.
Rock saw channel sampling at the
Whitewater site returned values of 14.2 g/t Au over a width of 1.2m
and Rock chip samples taken along strike returned values up to 85.3
g/t Au. Showings and adits at the Whitewater site show continuous
banded veins from .5 - 2m exposed on a continuous trend over 500m.
Vein systems striking N55?E with variable steep dips trending east showed strong
mineralization of chalcopyrite, pyrite, pyrrhotite and
molybdenum.
Chip samples taken from outcrop at the
Referendum site returned values up to 35.6 g/t Au. Vein exposures
indicate the presence of an echelon shear filling mineralized zone.
Numerous trenches expose banded quartz veins up to 2m in width
dipping vertically over 400m extend East to West. Visible gold was
present in dark banded quartz veins.
Rock chip samples from the Gold Viking
property returned values up to 6.3 g/t Au and 130 g/t Ag.
Underground workings show dense mineralized quartz veining with
open extent along strike (N30?E) and steeply dipping East.
Mineralization included galena, sphalerite, chalcopyrite, and
pyrite.
Table 1 provides
additional highlights from the assay results.
Table 1
![](http://www.thenewswire.ca/client_files/tnwwcczQK_.png)
Click Image To View Full Size
Mr. Jim Decker, P. Eng., Director of Rainbow Resources
Inc. and a Qualified Person as defined by National Instrument
43-101, has reviewed the contents of this news release.
About Rainbow
Resources:
Rainbow is a Canadian based junior exploration company
focused on building shareholder value through aggressive
exploration in two favourable and proven mining jurisdictions - the
West Kootenays in southeast British Columbia (silver, gold and
flake graphite), and Nevada where Rainbow's Jewel Ridge gold-silver
project is in the heart of a major producing district. Rainbow's
shares are listed on the TSX Venture Exchange under the symbol
TSX-V:RBW and on the OTCQX International under the symbol RIINF.
Rainbow currently has 47,820,052 common shares issued and
outstanding.
Contact:
Rainbow Resources Inc.
David W. Johnston
President
(403) 701-2781
info@rainbowresourcesrbw.com
Website: www.RainbowResourcesRBW.com
Latest Video: http://www.rainbowresourcesrbw.com/video/
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Rainbow:
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Facebook: https://www.facebook.com/RainbowResources
Caution Regarding Forward-Looking Information
This news release includes certain information that may
constitute "forward-looking information" under applicable Canadian
securities legislation. Forward-looking information includes, but
is not limited to, statements about strategic plans, future work
programs and objectives and expected results from such work
programs. Forward-looking information is necessarily based upon a
number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown
risks,(more)uncertainties, and other factors which may cause the
actual results and future events to differ materially from those
expressed or implied by such forward-looking information and the
risks identified in the Company's continuous disclosure record.
There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking
information.
All forward-looking information contained in this news
release is given as of the date hereof and is based upon the
opinions and estimates of management and information available to
management as at the date hereof. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy of this news release.
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