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The Rainbow Creek placer property is located approximately 60 kilometres south of the town of Mackenzie in the Omineca mining
district. This property consists of 2 claim units covering 74 hectares (182 acres), and reportedly contains gold, platinum,
and iridium. While no assays have been recorded to date, research shows that a 1986 study (Open File 1986-7, “Occurrence and
Distribution of Platinum-Group Elements In British Columbia” compiled by V.J. Rublee for the BC Ministry of Energy and Mines,
p. 70) reports that in 1931 the economic value of the platinum and iridium at Rainbow Creek was $96 per tonne, and that the
ratio of platinum to gold averaged 1:2. It should be noted that in 1931, the average market price of platinum and iridium
was $32 and $114 per ounce, respectively.
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