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Rubicon Minerals Corp.
Summary
| Project: | Phoenix | |
|---|---|---|
| Deposit: | Phoenix | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-12-2017: Rubicon Minerals Corp. announces an Exploration/Drilling Update report for its Phoenix deposit at the Phoenix project. Drilling results incl. 2.5m @ 18.41g/t Au from 449.3m. TORONTO, Ontario, December 14, 2017 – Rubicon Minerals Corporation (T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: George Ogilvie, Mark Ross (Internal) | |
| ABSTRACT: | TORONTO, Ontario, December 14, 2017 – Rubicon Minerals Corporation (TSX: RMX | OTCQX: RBYCF) (“Rubicon” or the “Company”) provides an update of its 2017 Exploration Program at the Phoenix Gold Project with the remaining drill results from its planned 23,500-metre drill program and further observations. The Company completed all of its originally planned 23,500 m of drilling and has received the remaining assay results from the outstanding 4,592 m of drilling (approximately 1,375 assays). The Rubicon team, together with Golder Associates Inc. (“Golder”) and T. Maunula & Associates Consulting Inc. (“Maunula Associates”), is continuing to evaluate the data with the objective of updating the geological model for the F2 Gold Deposit at the Phoenix Gold Project. Due to being under budget and ahead of schedule, Rubicon has elected to drill an additional 5,000 m from the 610- and 685-metre levels before year-end and has completed 4,143 m from this drilling to-date. The Company has advanced 41.5 m in exploratory underground development at the Phoenix Gold Project on the 122- and 244-metre levels into the mineralized envelope identified by Golder and the Rubicon team. Underground development will continue throughout the first half of 2018. Upon completion of the development, the Company will move into a test mining phase. Details of the 2018 test mining plans will be forthcoming in a future news release in early 2018. Rubicon remains on schedule to deliver an NI 43- 101 Technical Report and updated Mineral Resource Estimate in the second half of 2018. | |
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