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Rubicon Minerals Corp.
Summary
| Project: | Phoenix | |
|---|---|---|
| Deposit: | McFinley | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2018: Rubicon Minerals Corp. announces an Exploration/Drilling Update report for its McFinley deposit at the Phoenix project. Drilling results incl. 2m @ 23.39g/t Au from 373m. TORONTO, Ontario, February 20, 2018 – Rubicon Minerals Corporation (TSX: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: George Ogilvie, Mark Ross (Internal) | |
| ABSTRACT: | TORONTO, Ontario, February 20, 2018 – Rubicon Minerals Corporation (TSX: RMX | OTCQX: RBYCF) (“Rubicon” or the “Company”) provides additional assay results from its 2017 Exploration Program and details on exploration drill holes at areas below the historic McFinley Deposit (“McFinley Deep”) at the Phoenix Gold Project (the “Project”). Rubicon elected to drill an additional 5,000 m from the 610- and 685-metre levels, bringing the total oriented drilling to approximately 28,500 m at year end 2017. The focus of this drilling is to potentially expand and upgrade the classification of mineral resources at the deeper parts of the F2 Gold Deposit. At the end of this news release, a summary of the assay results from the additional 5,000 m drilled is presented in Table 1. Plan and sections views of the drilling are presented in Diagrams 1 to 9. The Company continues its drilling activities in 2018, as previously announced. The Company drilled three exploration holes from the 244- and 685-metre levels to test the potential extension of the historic McFinley Deposit at depth. The historic McFinley Deposit is located on the Phoenix Gold Project property, beneath the peninsula and approximately 400 m northwest of the F2 Gold Deposit. Previous exploration at the historic McFinley Deposit resulted in an undiluted mineral resource estimate of 334,007 short tons (303,006 tonnes) at grade of 0.20 ounces of gold per short ton (6.86 g/t Au) resulting in 66,801 gold ounces in the Inferred Resource category, to a depth of 122 metres below surface. See Diagrams 10 to 13 at the end of this news release for the plan and section view of the McFinley Deep drilling | |
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