Last C$0.03 CAD
Change Today +0.005 / 20.00%
Volume 24.0K
RBW On Other Exchanges
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Venture
OTC US
As of 2:43 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

rainbow resources inc (RBW) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
04/16/13 - C$0.08
52 Week Low
06/24/13 - C$0.02
Market Cap
1.5M
Average Volume 10 Days
30.9K
EPS TTM
C$-0.03
Shares Outstanding
49.1M
EX-Date
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Current Stock Chart for RAINBOW RESOURCES INC (RBW)

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rainbow resources inc (RBW) Details

Rainbow Resources Inc., an exploration stage company, engages in the acquisition and exploration of gold properties in Canada. It has an option to earn a 100% interest in the St. Paul Bay property that consists of 12 contiguous unpatented claims covering approximately 192 hectares in the common corner of Fairlie, Heysen, and Baird townships in Ontario, Canada. The company was incorporated in 2009 and is based in Toronto, Canada.

Founded in 2009

rainbow resources inc (RBW) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: C$80.0K
President, Director and Member of Disclosure ...
Total Annual Compensation: C$70.0K
Chief Financial Officer and Secretary
Total Annual Compensation: C$36.0K
Compensation as of Fiscal Year 2012.

rainbow resources inc (RBW) Key Developments

Rainbow Resources Inc. Announces Assay Results from its Recent Field Mapping and Sampling Program of Key Big Strike Project in the West Kootenay Mining District

Rainbow Resources Inc. announced 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. The company 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 1.2 m 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 0.52 m exposed on a continuous trend over 500 m. 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 2 m in width dipping vertically over 400 m 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.

Rainbow Resources Inc. Announces Ongoing Exploration Work at the Big Strike West Kootenay Area Properties

Rainbow Resources Inc. reported continuing project work at its Big Strike Project in the West Kootenay Mining District near Nelson, British Columbia, Canada. The company is focusing on the Gold Viking, Whitewater and Referendum properties where vein systems were mapped and sampled at all three sites and 43 samples demonstrating strong mineralization or alteration have been sent to the lab for analysis. Company geologists have conducted further geological and structural mapping which will contribute to upcoming core drilling programs planned for spring 2014. Mapping was concentrated on evaluating the extent of Au bearing quartz vein systems. Underground workings at the Gold Viking property show dense mineralized quartz veining with open extent along strike (N30°E) and steeply dipping East. Past sampling and drilling demonstrate a strong trend for future targeting of this vein system at large. Mineralization included galena, sphalerite, chalcopyrite and pyrite. Showings and adits at the Whitewater site exhibit continuous banded veins from 0.5-2m exposed on a continuous trend over 500m. NE striking vein systems with variable steep dips trending east showed strong mineralization of chalcopyrite, pyrite, pyrrhotite and molybdenum. Road access and vein exposure will contribute to successful targeting and exploration development at this site.

Rainbow Resources Inc. Plans to Follow-Up Drilling Program at Jewel Ridge in Nevada

Rainbow Resources Inc. announced that it has completed a comprehensive review of all available technical data associated with its Jewel Ridge property near Eureka, Nevada. This review has permitted the company to identify several promising drill targets on the property that should be followed up on. It is anticipated that a significant portion of the funds received from the current private placement offering can be directed towards a reverse circulation drilling program at Jewel Ridge later this fall. The Jewel Ridge property is located 5 miles south of the town of Eureka, Nevada and falls within the Battle Mountain-Eureka Trend, one of several trends across Nevada characterized by world-class sediment-hosted disseminated gold deposits. The 1,510 acre (611 hectares) Jewel Ridge property is located between the operating Barrick Gold-owned Ruby Hill mine to the north and the advanced-stage exploration project Lookout Mountain to the south, owned by Timberline Resources.

 

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