Nelson, British Columbia, 11:00 pm Pacific
It has been an incredibly busy couple of days and a fascinating experience visiting some of Rainbow Resources‘ (RBW, TSX-V) properties in the West Kootenays. There is much to write about, and many pictures to choose from, and we’ll be sharing all of this with our readers over the next several days. As well, a special audio interview is expected to be posted at BMR on Tuesday.
Below are just three pictures that help explain why the International could very soon become British Columbia’s next important Silver discovery. Rainbow has already reported the following:
“Upcoming drilling will explore a potentially rich vein system dominated by quartz with irregular massive sulphide bodies of galena, pyrite and sphalerite that could extend near-surface for several kilometres.”
Yes, Rainbow will indeed be drilling directly into a “honey zone” and we have the pictures to prove it. Keep in mind that primarily because of access issues, the International has never been previously drilled. A significant Silver discovery was made at this property in the early 1900′s, catching the attention of not only prospectors and entrepreneurs but even the B.C. government. Unfortunately, getting a drill rig onto the property in the terrain above Duncan Lake was a problem – the proper roads just weren’t in place. All of that has changed in recent years, and the system of logging roads and trails at the International is now actually quite impressive as we witnessed Saturday. Privately-held Braveheart Resources, which was merged into Rainbow last fall, can take some of the credit for that.
The first showing we saw Saturday was a real eye-opener - a wall of mineralization up to 7.5 feet high and the length of one-and-a-half hockey rinks (300 feet), exposed along a road. This is part of a vein system that was surveyed by the B.C. government in the 1930′s over a true strike length of 1.2 kilometres. The system is open in all directions.
Rainbow’s drill sites have been marked. The strategy will be to drill from above the structure (the rig will be taken up a short trail) with 100-metre holes angled to directly intercept the “honey zone” and test for thickness. Additional vein structures are also possible – in fact, quite likely based on our observations as well as a lengthy conversation with a respected local prospector who has worked the general area for nearly half a century. “High temperature veining, repeated veins and follow-through of the structure are all important to understanding the International and the serious potential of it,” he stated. He didn’t disagree with our assertion that the International is one of the best un-drilled properties in all of British Columbia.
As you look at the wall in the first picture below, you’ll see a fair amount of oxidation (weathered material). Start banging the rock (hammer and chisel) and very quickly galena appears everywhere – massive fine-grained galena which is typically rich in Silver content (historical artisanal mining records and rock sampling by Braveheart and Rainbow have confirmed grades in excess of 30 ounces per ton).
And if you think the above is impressive…roughly 1.2 kilometres to the north is a fabulous showing at the “Forgotten” area where it’s like scooping up candy in a candy store – rock after rock that looks similar to the one below that we found…