Rubicon Minerals
Rubicon Minerals Corporation (TSX:RMX, NYSE AMEX:RBY) is a well-funded, top tier, gold exploration company deriving its strength from a hands-on management team with a track record of discovery. Rubicon controls over 65,000 acres of prime exploration ground in the prolific, high-grade Red Lake gold camp of Ontario, Canada, which hosts Goldcorp's world class Red Lake Mine and where in early 2008, Rubicon made the significant F2 Zone discovery at its Phoenix Gold Project. With an exceptional technical team, outstanding assets, a focus on gold camps in politically safe environments and a high profile in the capital markets, Rubicon Minerals has gained the reputation as a leading junior exploration company.
Rubicon Minerals reports more bonanza gold at F2 Gold Zone
Rubicon Minerals (TSX: RMX, NYSE-AMEX: RBY) continues to report exceptionally high grade gold over meaningful widths at the F2 Gold Zone which is part of the larger Phoenix Gold Project in Ontario’s prolific Red Lake Gold District.
With the results delivered to date at F2, the only surprise would be if Rubicon didn’t hit any high grade gold! The highlight from results today was an impressive 11.6 feet @ 1.89 ounces per tonne gold (3.5 meters @ 64.9 grams per tonne) in the Central Area of the F2 Zone.
Overall, Rubicon reported numerous high-grade and broad gold-bearing intercepts which further extended the F2 Gold System. Rubicon has completed around 100,000 metres of drilling to date, and is currently in the midst of a 158,000 meter infill drill program over a 1200 by 1600 metre area.
Drill results today included results from the Southern Extension Area, Central Area, Deep Central Area and Hanging Wall Area.
In the Southern Extension area, Rubicon reported visible gold in a number of drill core sections, and noted that results to date “imply significant potential” to extend further the high grade and broad gold zones in the area.
Meanwhile, at the Central Area, high grade gold was reported 2637 feet below surface, confirming the presence of gold below the current focus area of drilling. At Deep Central Area, it was much of the same, with drilling continuing to extend the depth potential of the system. New high grade gold was also confirmed in the Hanging Wall Area, suggesting the possibility of yet another new zone.
"This first batch of results from our ongoing 158,000 metres drill program point to a significant expansion of the F2 gold system laterally and to depth. Our technical team has developed a solid understanding of the geological controls on the gold system which is paying dividends." said David Adamson, President and CEO.
Rubicon controls over 65,000 acres of prime exploration ground in the prolific Red Lake gold district of Ontario which hosts Goldcorp's high-grade, world class Red Lake Mine. In addition to its Red Lake holdings, Rubicon also controls over 380,000 acres surrounding the Pogo Mine in Alaska as well as 225,000 acres in northeast Nevada.
Other Rubicon Minerals articles
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18/08/10 Rubicon hits gold 250 meters below 122-10 Zone, Phoenix Gold Project
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16/12/09 Rubicon Minerals: Next kid off the block in Ontario’s bonanza-grade Red Lake?
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23/10/09 Rubicon continues to extend known boundary of F2 gold system
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29/07/09 Rubicon Minerals Corporation – Steady progress at the Phoenix Gold Project
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27/04/09 Rubicon Minerals intersects more high grade gold at the Phoenix Gold Project, Red Lake
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31/03/09 Rubicon Minerals to expand drill programme at the Phoenix Gold Project
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08/07/08 Rubicon Hits Bonanza Grade Gold in F2 Zone Step-out Hole, Phoenix Gold Project, Red Lake, Ontario
Other Rubicon Minerals news
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12/07/10 Metallurgical test work at Rubicon’s F2 Gold System suggests excellent gold recoveries
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06/07/10 Rubicon Minerals confirms thickness and continuity of F2 Core Zone’s high-grade gold
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27/05/10 Rubicon Minerals reports impressive thickness and grades from 305 level of F2 Gold Zone
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26/05/10 Rubicon in a select crowd of gold juniors with mid-tier potential
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12/04/10 Rubicon Minerals’ ongoing drilling finds more gold bearing intercepts at Phoenix project
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09/04/10 Rubicon Minerals honoured with 'Developer of the Year' award in Ontario
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31/03/10 Rubicon extends Phoenix shaft to expand underground drilling of F2 Gold Zone
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09/03/10 Rubicon Minerals continues to expand understanding of F2 Gold System at Phoenix Gold Project
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22/01/10 Rubicon Minerals and Lac Seul First Nation Sign Exploration Accommodation Agreement
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16/12/09 Rubicon Minerals eyes more discoveries with 2010 drilling programme
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