ONTARIO – Toronto-based Rubicon Minerals Corp. said on Nov. 3 that is suspending underground activity at its Phoenix gold mine in the Red Lake camp. The mine poured its first gold in June 2015, but had yet to be declared in commercial production.
Rubicon is using the suspension period to enhance its geological model of the F2 gold deposit.
“We believe in the potential of the Phoenix gold project,” said Michael Winship, interim president and CEO of Rubicon. “Similar to other high grade, narrow vein, underground gold deposits, the geology can be quite challenging and requires additional analysis to be fully understood.”
Gold mineralization at the F2 deposit is primarily hosted within and along the boundaries of two rock types: high titanium basalts (HiTi basalts) and felsic intrusive rocks. The majority of the gold distribution is contained within the HiTi basalts, with gold grades that are spatially highly variable and associated with visible, nuggety gold.
Check the company’s website at RubiconMinerals.com for updates.