| | Rainbow Property, Nunavut Rainbow Property Map
- The Rainbow property is located 350 km southwest of Baker Lake, Nunavut and consists of a 23 mining claims occupying 200 Sq Km.
- The project area is remotely located, Arviat (260 km to the east) is the nearest costal access route, and Churchill (380 km to the southeast) is the closest railhead. Previously, a tented field camp to support the exploration activities has been located at Cullaton Lake, near the abandoned Cullaton Lake airstrip and past producing gold mine which is currently owned by Barrick Gold Corporation.
- Access to the camp is possible via fixed wing aircraft to Cullaton Lake airstrip (gravel strip, 4500 feet long, capable of taking HS748 aircraft).
- Work by Falconbridge in 2004 has confirmed the presence of nickel mineralization near Rainbow Lake in the area referred to as the Main Zone. Mineralization occurs in outcrop and drill section as fine low grade and tenor disseminations within komatiitc peridotites assaying less than 0.8% Ni (grab and drill core). Massive sulphide boulders were located on surface at one location, called the Main Zone Showing, five massive sulphide samples assayed from this location ranged between 1.93% to 2.23% Ni (with 30.1 to 37.4% S).
- A sample of oxide iron formation in outcrop, with fine dark bands of magnetite, trace sulphide was collected 17 kilometres northeast of the original Rainbow claims. This sample, assayed 26.5 grams/tonne Au and 2.69% S.
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