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Project: | Phoenix | |
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Deposit: | Phoenix | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 9/18/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 18-9-2017: Rubicon Minerals Corp. announces an Exploration/Drilling Update report for its Phoenix deposit at the Phoenix project. Drilling results incl. 11.1m @ 115.19g/t Au from 28.4m. TORONTO, Ontario, September 18, 2017 – Rubicon Minerals Corporation ( | |
Resources: | (not mentioned in this report) | |
CP/QP: | [Overall Report]: George Ogilvie (Internal) | |
ABSTRACT: | TORONTO, Ontario, September 18, 2017 – Rubicon Minerals Corporation (TSX: RMX | OTC: RBYCF) (“Rubicon” or the “Company”) provides an update of its 2017 Exploration Program with drill results and preliminary observations at the Phoenix Gold Project. The Company completed its planned 3,500 m of structural oriented core drilling, 10,000 m of historical core re-logging and underground mapping activities, as part of its 2017 Exploration Program at the Phoenix Gold Project. 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, including the structural analysis. Rubicon plans to continue its infill and step-out drilling at the 305-, 610- and 685-metre levels. Drilling will target the main zone of the F2 Gold Deposit with the objectives of increasing the drill density between the 366- and 854-metre levels, potentially grow the Mineral Resources and improve its classification. The Company will continue to collect structural data from its infill and step-out drilling throughout the mineralized zones and to supplement the structural data previously collected from the 3,500 m of structural oriented core drilling program, 10,000 m of historical core re-logging and mapping programs. As of September 14, 2017, the Company has completed 14,547 m of infill and step-out drilling of a planned 20,000 m. Rubicon has also started exploratory underground development planning for the F2 Gold Deposit, with the goal to begin development before the end of 2017 and to potentially commence trial mining in 2018. | |
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