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GOLD: Rubicon and WFN reach settlement, exploration deal

ONTARIO – Rubicon Minerals Corp. of Toronto and the Wabauskang First Nation (WFN) have reached a settlement agreement and an exploration accommodation agreement.



ONTARIO – Rubicon Minerals Corp. of Toronto and the Wabauskang First Nation (WFN) have reached a settlement agreement and an exploration accommodation agreement.

Under terms of the settlement, WFN has agreed to withdraw its appeal of the Aug. 28, 2014, decision made by the Ontario Division Court. That court decided that a judicial review of the company’s closure plan for the Phoenix gold development project in the Red Lake camp was unnecessary. The project was already fully permitted.

The exploration agreement governs Rubicon’s work on WFN land and includes continuing exploration at the Phoenix site. WFN has agreed to back Rubicon’s exploration work including support of applications filed for licences and permits for the work. Rubicon has agreed to offer employment to WFN members, follow best environmental practices, incorporate WFN traditional knowledge in its environmental programs, and protect culturally sensitive sites identified by WFN. The two sides have also agreed to negotiate in good faith to draft an acceptable benefits agreement.

The Phoenix gold mine and mill is projected to begin production in mid-2015.

Additional information is available at RubiconMinerals.com.


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