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Rubicon Minerals Corp.
Summary
| Project: | Phoenix | |
|---|---|---|
| Deposit: | Phoenix | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 16-1-2019: Rubicon Minerals Corp. announces an Exploration/Drilling Update report for its Phoenix deposit at the Phoenix project. Drilling results incl. 7.90m @ 16.73g/t Au from 365.6m. RBYCF) (“Rubicon” or the “Company”) provides assay results from its 2 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: George Ogilvie, Michael Nerup (Internal) | |
| ABSTRACT: | RBYCF) (“Rubicon” or the “Company”) provides assay results from its 2018 infill drilling program at the Phoenix Gold Project (the “Project”). Assay Results Highlights (as of January 15, 2019) representing approximately 20,000 metres (“m”) of infill drilling in 2018: Infill drilling program at the 305-, 610-, and 685-m levels with the objective of potentially upgrading the 2018 Mineral Resources to higher confidence categories (not true widths, more details in the ‘Qualified Persons and QA/QC’ section below): In 2018, Rubicon completed approximately 20,000 m of oriented diamond drilling from the 305-, 610- and 685-m levels. The primary purpose of the drilling was to potentially upgrade the Inferred Resources of the 2018 Mineral Resource Estimate of the Project, to the Measured and Indicated categories. At the end of this news release, a summary of the assay results from the 20,000 m drilled in 2018 is presented in Table 1. Longitudinal, plan and section views of the drilling, which highlight intersections in the High-Ti Basalts, are presented in Diagrams 1 to 22 at the end of the news release. In 2019, the Company continues drilling activities from the 685-m level and 610-m level exploration drift to target the deeper portions of the F2 Gold Deposit, between the 854- and 1,600-m levels. CEO’s Comments Rubicon President and Chief Executive Officer George Ogilvie, P.Eng., stated, “Our infill drill program in 2018 was focused on upgrading Inferred Resources within the Project to Measured and Indicated categories, from the 854-m level and above. Our near-term goal is to grow the Measured and Indicated Resources to a level that will allow us to advance the Project to a Feasibility Study stage. We are currently evaluating the infill drill data, which will contribute towards an updated NI 43-101 Mineral Resource Estimate that we plan to deliver in the first half of 2019. We are also encouraged by the drill results from the 610-m level, | |
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