A high grade gold sample from the Phoenix gold project. (Image: Rubicon Minerals)
ONTARIO –
Rubicon Minerals Corp. of Toronto continues to explore the Phoenix gold project near Red Lake with the announcement that it will spend $15 million to $18 million on this year’s program. Drilling, test mining and bulk sample processing are on the agenda.
Rubicon’s plans include up to 14,00 metres of drilling in the F2 deposit. About 10,000 metres of infill and step-out drilling from the 305, 610 and 685 levels will be done to upgrade resources in the area. A further 4,000 metres of bazooka drilling is planned. These are short holes within developed test stopes to better define the extent of mineralization.
The company plans to test mine between 15,000 and 25,000 tonnes of material using sub-level longhole stoping and mechanized cut-and-fill methods. Data from chips, muck samples and mapping should help to refine and validate the new geological model and resource estimate. The information will be used in a potential feasibility study.
On the 122 and 244 levels, the company has advanced exploratory development. Material recovered is being stockpiled and will eventually be used for bedding the mill. The bulk sample will be treated at a rate of 700 to 1,000 t/d beginning mid-year.
Additional information is available at
www.RubiconMinerals.com.
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