For thousands of other reports visit RSC's Mineral Intellingence Map
Rubicon Minerals Corp.
Summary
| Project: | Phoenix | |
|---|---|---|
| Deposit: | Phoenix | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 7-10-2019: Rubicon Minerals Corp. announces an Exploration/Drilling Update report for its Phoenix deposit at the Phoenix project. Drilling results incl. 7.1m @ 8.35g/t Au from 299.0m. TORONTO, Ontario, October 7, 2019 – Rubicon Minerals Corporation (TSX: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Willett, Isaac Oduro (Internal) | |
| ABSTRACT: | TORONTO, Ontario, October 7, 2019 – Rubicon Minerals Corporation (TSX: RMX | OTCQX: RBYCF) (“Rubicon” or the “Company”) provides additional assay results from its 2019 drilling program at the Phoenix Gold Project (the “Project”). The 2019 oriented diamond drilling program was designed to upgrade a significant portion of the Inferred Mineral Resource estimate to the Measured and Indicated categories, as well as advance the current understanding of the high-grade mineralization potential at depth, below the anticipated 854 m Level. Assay results from exploration drill hole samples collected to-date show the likely potential to convert the Inferred Mineral Resource estimates in targeted areas, especially between the anticipated 854 m Level and the 1,220 m Level. The assay results also demonstrate continuity of high titanium basalt units (“High-Ti Basalts”) and associated gold mineralization to depth. Please see Table 1 and Diagrams 1 to 12 for the summary of the assay results and the plan and section views of the drilling, respectively. Please see May 23, 2019 news release for previously released assay results (and diagrams) from the 2019 drilling program. Rubicon continues to encounter high-grade mineralization at both narrow and wider horizontal widths, intersected within the High-Ti Basalt, the main host rock of gold mineralization at the Project. The Company also continues to build on the current understanding of the structural geology at depth with the use of oriented drill core. Rubicon has continued to expand its preliminary models of the High-Ti Basalt lithology and of the East Bay Deformation Zone (“EBDZ”), both created from the ongoing oriented core diamond drilling program. This has enhanced the understanding of the mineralization and improved drill targeting at depth. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report