Sign up USA
Proactive Investors - Run By Investors For Investors

Rubicon Minerals announces grid power connection to Phoenix project

Rubicon Minerals announces grid power connection to Phoenix project

Mineral explorer Rubicon Minerals (TSE:RMX) said that it has turned on its first grid power allocation of up to 5.3 megawatts from Hydro One Thursday at the Phoenix gold project, in Red Lake Ontario.

The Hydro-electric grid power now replaces and increases the company’s power capabilities versus existing diesel power, and allows Rubicon to save on costs while producing cleaner energy, it said.

In a statement, Rubicon’s vice president of operations, Claude Bouchard, commented: "Accessing grid power represents a major milestone in the further development of the Phoenix gold project."

"The ability to readily access grid power underscores the advantage of the project being situated in the heart of the established Red Lake gold district."

Rubicon said that it has completed its power line connection and infrastructure, and has obtained the required approvals and agreements from adjacent surface rights holders.

The company, which is an exploration and development company, is focused on developing the high-grade gold discovery at its Phoenix gold project in Red Lake, Ontario.

Rubicon controls over 100 square miles of exploration ground in the prolific Red Lake gold district, which hosts Goldcorp's high-grade Red Lake Mine.



Register here to be notified of future RMX Company articles
View full RMX profile View Profile

Rubicon Minerals Timeline

Related Articles

Chaarat-Gold-view-of-mountains.jpg
February 16 2017
Chaarat is progressing with economic studies at the Tulkubash project in Kyrgyzstan and will look to raise finance shortly
Eastmain1_587eae28c12b3.png
January 17 2017
Eastmain Resources Inc has a ticker code which may sound rather regal, but “ER” could offer a right royal investment return as well as it defines its tri-partite operations in Canada
Gold---usable.jpg
November 02 2016
Caledonia Mining is now well into an expansion plan that could boost gold production
Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use