This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Rainbow Intersects Mineralized Zones In All Drill Holes At Jewel Ridge, Acquires Patented Claims

TORONTO, Dec. 4, 2012 /PRNewswire/ -- 

RBW Exploration Update Highlights:

  • Drilling at Jewel Ridge intersects favorable mineralized zones in all six holes
  • Assay results pending from Jewel Ridge, geological modeling in progress
  • Rainbow acquires past producing Croesus Mine at Jewel Ridge
  • Gold Viking and International assays show near-surface mineralization
  • Assays from 10 additional Gold Viking drill holes pending

Rainbow Resources Inc. (OTCQX: RIINF) ("Rainbow" or the "Company") is pleased to report that it has acquired 100% ownership of 19 strategic patented claims within and contiguous to the Jewel Ridge Property in Nevada following completion of a Phase 1 drill program that has intersected favourable mineralized zones at the past producing property.  Assay results are expected anytime this month.  Meanwhile, preliminary assays show near-surface silver and gold mineralization in the first two holes ever drilled at Rainbow's Gold Viking property in the West Kootenay region of British Columbia with results pending from 10 more holes.  Drilling has also intersected near-surface silver mineralization at the International Property which also forms part of the Company's 100% owned 13,000-hectare Big Strike Project in southeast B.C.    

Jewel Ridge                                                   

A Phase 1 reverse circulation drill program has been completed at Jewel Ridge along the prolific Battle Mountain-Eureka Trend in Nevada.  All six holes showed significant mineralized intersections with continuous silicic alteration including considerable jasperoid content, hydrothermal breccia, and quartz-carbonate replacement textures. Samples were taken every 1.5 metres along the entire length of each drill hole.  Multi-element ICP analysis is being completed on all 756 samples with initial results expected in the near future from ALS Chemex Labs Ltd. in Reno.  In addition, numerous rock samples have been submitted to the lab from prospecting over a wide area of the property.

1 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs