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

Rubicon Minerals Timeline

Related Articles

Picture of gold bars of type mined by Aureus
December 09 2016
MNG Gold has strong financial backing, operational experience and is an existing operator in Liberia.
Gold bars and dollars
June 16 2016
The Atlanta site, spanning 12,000 acres, in Lincoln Country, produced 110,000 ounces of the yellow metal as an open pit between 1975 and 1985.
Gold and dollars
January 03 2017
The company is already producing, making money and paying dividends, but there is clearly more to come
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