Canadian Mining Journal

News

GOLD: Grades good as Rubicon continues to drill at Phoenix deposit



Long section facing north of the 2017 exploration program at the Phoenix project. (Image: Rubicon Minerals)

ONTARIO – With good grades from drilling at its Phoenix gold project near Red Lake, Rubicon Minerals of Toronto is making plans to move its exploration program underground.

The company completed 23,500 metres of drilling in October 2017, and although not all the assay results have been received, here are some high lights:

  • Hole 305-17-21: 11.06 g/t gold over 3.6 metres, including 20.80 g/t over 1.6 metre and 10.12 g/t over 3.1 metres, including 16.54 g/t over 1.2 metres;
  • Hole 305-17-29: 5.24 g/t gold over 6.0 metres, including 7.82 g/t over 2.0 metres;
  • Hole 305-17-29: 5.24 g/t gold over 6.0 metres, including 7.82 g/t over 2.0 metres;
  • Hole 610-17-18: 10.04 g/t gold over 3.1 metres, including 16.82 g/t over 1.8 metre;
  • Hole 610-17-19: 14.30 g/t gold over 7.7 metres, including 21.43 g/t over 4.8 metres; and
  • Hole 610-17-21: 7.24 g/t gold over 4.0 metres.

The drill results and other information will be used to update the geological model for the F2 deposit.

Rubicon president and CEO George Ogilvie said in a release that most of the recent grades are higher than those used to model the resources in 2016, and that grade improves with depth.

An overview of the Phoenix geology are posted at www.RubiconMinerals.com.