Rainbow Resources acquires Graphite properties

Rainbow Secures Strategic Position in Slocan Valley Flake Graphite Region

(via Thenewswire.ca)
GOLD VIKING DRILLING PREPARATIONS UNDERWAY
TORONTO, ONTARIO, May 17, 2012 -- Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that it has acquired, through staking, a strategic land position consisting of two claim blocks covering over 40 square kilometres in the heart of the Valhalla high-grade Metamorphic Complex (see attached map). This under-explored area in the Slocan Mining Division of southeast British Columbia, west and south of the Company's flagship Big Strike Gold-Silver Project, hosts the only producing natural flake graphite mine in western North America. The mine is operated by privately-held Eagle Graphite Corporation which has recently added to its large claim holdings in the Valhalla region.
Prospecting has already commenced on Rainbow's graphite claims in conjunction with prospecting on nearby Big Strike areas. Rainbow is also in possession of historical airborne survey information which will be of immense help in exploration of the graphite claims.
"From Eagle Graphite's potential world-class deposit, 21 km due west of our soon-to-be-drilled Gold Viking Property where we have numerous gold and silver targets, flake graphite occurrences have been reported over a broad area stretching nearly 30 km north-south," stated Rainbow President David W. Johnston. "It appears that this part of the West Kootenay region has undergone some very unique geological processes that have created extremely favourable conditions for high quality, near-surface flake graphite. The host rocks are ideal. There is strong potential for additional flake graphite deposits throughout this area, and Eagle Graphite's processing plant is already in place.
"Rainbow has the boots on the ground and the right geological team to take advantage of this graphite opportunity very close to our flagship Big Strike Gold-Silver Project where our near-term focus is on advancing several key holdings - past high-grade producers that have never been previously drilled," continued Johnston. "The strategic steps we've just taken have further solidified our position as an exploration leader in the Slocan Valley-
West Kootenay region with excellent opportunities for significant gold, silver and graphite discoveries."
Rainbow Graphite Claim Block #1
Rainbow holds a strategic 12.5-km-long claim block, totalling 2,100 hectares, beginning 5 km northeast of Eagle Graphite's mill site (14 km southeast of the mine site) and immediately north of Anglo-Swiss Resources' Blu Starr Property. Anglo-Swiss reported May 9, 2012, that up to 15% graphite has been mapped in outcrop over the northern part of Blu Starr and appears to be associated with a 3-km-long electromagnetic (EM) anomaly identified in an airborne geophysical survey completed in 2010. Less than 25% of the property was covered by the airborne survey.
Rainbow Graphite Claim Block #2
Rainbow holds another strategic claim block, 9-km-wide and also totalling 2,100 hectares, contiguous to the southern boundary of the Blu Starr Property.
Gold Viking and International Property Updates
Ground conditions are now favourable for drilling and initial site preparations are underway for a first-ever drill program at Rainbow's highly prospective Gold Viking Property adjacent to the Village of Slocan. Gold Viking, one of several Big Strike Project properties that Rainbow will be focusing on over the coming months, is part of the same geological system as the contiguous Ottawa Mines which produced 1.8 million ounces of silver in the 1900's at an average grade of 2,113 g/t or 61.6 ounces per ton.
Rainbow's Gold Viking and Ottawa properties have never been previously drilled despite historical high-grade production from both. A total of nine drill sites have been proposed for the north side of Springer Creek at Gold Viking to test coincident strong airborne conductors and soil geochemical anomalies across the central portion of the property where a geological contact for silver and gold mineralization trends in a north to northwesterly direction. Each of the drill sites will allow for multiple holes to be completed. Drilling will commence immediately upon receipt of permits.
Rainbow has also staked an additional 60 hectares to extend the western boundary of the Gold Viking Property which is situated at the eastern extremity of the Valhalla Metamorphic Complex, 21 km due east of Eagle Graphite's deposit. Eagle Graphite holds claims contiguous to the southwest portion of Gold Viking.
Ground conditions are gradually improving at Rainbow's International Silver Property, 70 km north of Gold Viking, where 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.
Qualified Person
Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a Director of Rainbow Resources, who serves as a Qualified Person under the definition of National Instrument 43-101.
Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol
RBW.V. Rainbow currently has 33,923,163 common shares issued and outstanding.
For further information: President David W. Johnston - (403) 701-2781.

GOLD & SILVER CRITICALLY OVERSOLD ON STRONG SUPPORT, DOLLAR OVERSTRETCHED...

From Clive Maund:

“Gold and silver now critically oversold at strong support, dollar overstretched…
Please be aware that we could see a really big bounce in Gold and Silver here, and possibly an important reversal…Gold and silver are right at strong support at their September lows, and critically oversold short-term as shown by their RSI indicators…the Dollar is showing signs that it is about to react after an incredible 13 up days in a row (trading days), with a very large white candle appearing on its chart on Tuesday, followed by a candle that approximates to a bearish “hanging man” – it is critically overbought on its RSI so its certainly a good time for it to take a breather…the “talking heads” on the major financial networks were starting to grudgingly acknowledge the possibility of QE coming to the rescue of the world economy, and it is quite clear that the moment the markets get the scent of the spigots being opened we could see a humongous rally, especially in the trampled down commodities sector…
Right now we are heading towards deflation – this is why the markets are going cold turkey…they are clamouring for another fix – everything now depends on how long our illustrious leaders can hold out before caving in to their demands…we must watch carefully for the first real signs of them doing so, this will be the point the tide turns…the charts suggest that there is a possibility of this occurring very soon”

You can subscribe (for a fee) to see the full article and all of Clive Maund's technical analysis here:
http://www.clivemaund.com/

GOLD BULLION DEVELOPMENT CORP WILL PAY DIVIDENDS IN GOLD!

Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) is pleased to provide an update with respect to its proposed Shareholder Gold Royalty Program.

Is there any better way to get paid? What a great idea.

April 11, 2012 – Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) is pleased to provide an update with respect to its proposed Shareholder Gold Royalty Program.
The Shareholder Gold Royalty is being developed so that Gold Bullion shareholders can participate in the security of gold ownership. The proposed Shareholder Gold Royalty is intended to allow Gold Bullion shareholders to receive a dividend payable in gold on a pro rata basis, based on the number of Gold Bullion shares held on the dividend record date. Shareholders who do not have a gold metal account or for other reason may not be able to receive the physical metal will be able to receive their dividend in Canadian dollars.
Gold Bullion intends to implement the Shareholder Gold Royalty if and when the Granada Gold Mine enters into production. The Shareholder Gold Royalty will be for the life of the Granada Gold Mine for all current resources, and for other resources that may be discovered through further exploration. Gold Bullion cannot guarantee that the Granada Gold Mine will enter into production or that the proposed Shareholder Gold Royalty will be implemented. The proposed Shareholder Gold Royalty replaces the Shareholder Gold Purchase Program outlined in Gold Bullion’s news release dated June 4th, 2008, and is part of Gold Bullion’s forward-looking policy of ensuring shareholder value. Gold Bullion will inform shareholders of the details of the Shareholder Gold Royalty as the program is developed.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Québec. Additional information on the Company’s Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
“Frank J. Basa”
Frank J. Basa, P.Eng.
President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000 or
Progressive Investor Relations (Canada) at (604) 689-2881 or via email: info@progressive-ir.com

Here is an NPR radio interview with Frank Basa regarding the program.