Canadian Mining Journal

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GOLD: Rubicon expands 2018 exploration program at Phoenix



Rubicon is making plans to restart the Phoenix mill to ensure it is working properly. (Image: Rubicon Minerals)

ONTARIO – Rubicon Minerals Corp. has announced an expansion of its drilling program at the Phoenix gold project to 24,000 metres, up from the earlier number of 14,000 metres. The program also plans a larger bulk sample between 25,000 and 30,000 tonnes of material and the validation of the geological model and resource estimate.

The larger program will include 10,000 metres of infill and step-out drilling from the 305, 610 and 685 metre levels. Plans also call for adding a second drill in the 280-metre exploration drift on the 610 level that runs parallel to the strike of the F2 gold deposit.

The Phoenix gold mill will also be restarted to ensure it continues to function as per design.

The 2018 program as originally announced was to cost $15 million. Rubicon successfully raised a further $10.9 million in flow-through shares which will fund the expanded work.

Additional details are available in the news release dated April 3, 2018, and posted at www.RubiconMinerals.com.