Rainbow Resources Inc. (TSXV:RBW, OTCQX: RIINF) announced that it intersected high-grade silver and gold mineralization near-surface at its Gold Viking Property in British Columbia.
As quoted in the press release:
Drill 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.
Rainbow’s President, David W. Johnston, said:
Subject to conditions on the ground, which are currently favorable, our plan is to get back to Gold Viking as soon as possible for additional drilling as we already know we have an important trail of mineralization to follow at Gold Viking South.