ONTARIO — Rubicon Minerals of Vancouver has drilled over 10 oz/ton of gold from its Phoenix project in the Red Lake Gold Camp. In metric measures, that is 368.9 g/t Au over 0.5 metres. A second core section assayed 68.8 g/t Au over 4.0 metres.
The latest assays came from a drill program intended to expand the F2 gold zone, which has been intercepted over 580 metres laterally and to depths of 1,101 metres. The high-grade mineralization is hosted in sulphide-rich basalts both to the southwest and northeast of the F2 zone centre, where over 35,000 metres of drilling has been done.
Rubicon is dewatering old the Phoenix shaft and workings 450 metres northwest of the F2 zone. Rehabilitation of the shaft is planned as well as a shaft extension to a depth of 350 metres below surface. Underground exploration drilling will be the next step in evaluating the potential of the property.
Take a minute to view the stunning collection of photos from the Phoenix gold project at www.RubiconMinerals.com/s/PhoenixGoldProject.asp.