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Market: TSX | NYSE.AMEX: RBY
Sector: Gold Mining
Epic: .RMX
News: Latest news
Web Site: Rubicon Minerals
Other Articles: 03-02-201022-01-201016-12-2009

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Rubicon Minerals

Rubicon Minerals

Rubicon Minerals Corporation (TSX : RMX  | NYSE.AMEX : RMX) 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.

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Wednesday, February 03, 2010

Rubicon Minerals reports more bonanza gold at F2 Gold Zone

by Ian Mclelland company news image

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.

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