ONTARIO – Vancouver-based Rubicon Minerals has begun bulk sampling of the F2 gold system at its Phoenix project near Red Lake. The area from which the sample is being taken lies approximately 300 metres below surface and was defined by 18 drill holes over a strike length of 55 metres and a vertical extent of 20 metres.
The area of the current sample is one of the recently identified sub-zones (WLB2) within the F2 core zone. A second bulk sample is planned early next year at one of the more central area sub-zones.
“Although it is early days, we are encouraged that we are seeing more gold zones in the area of our drift and cross-cuts and also in our delineation drill holes than had been suggested by our initial wider spaced drilling. We are seeing clear evidence of at least two major structural trends both of which can host visible and high grade gold,” stated David Adamson, president and CEO of Rubicon. “The zones we are defining are of similar dimensions to those documented from the Red Lake mine and, based on drilling to date, they have good potential to continue to depth.”
Further geological information about the F2 zone is available at www.RubiconMinerals.com.