Exploration Program At The Phoenix Gold Project

 

TORONTO - Rubicon Minerals Corporation reported details on its exploration plans at the Phoenix Gold Project in Ontario. "We have finalized the details of our 18- to 24-month exploration program that will advance our understanding of the F2 Gold Deposit at the Phoenix Gold Project," stated George Ogilvie, P.Eng., President and Chief Executive Officer of Rubicon. "We believe that approaching the F2 Gold Deposit as an exploration target is a necessary step to better understand its complex structural geology and the distribution of gold mineralization in the host rocks, as interpreted by the geological model prepared in January 2016. The ultimate goals of the exploration program are to increase the quality and quantity of mineral resources and, through a future planned feasibility study, determine the economics of the Project to upgrade mineral resources to reserves." Ogilvie said, ”We have commenced activities at the Project, including moving more than 3,000 m of core into our core shack in preparation for re-logging, resumed staff hiring to assist with the exploration programs, and Request for Proposals ("RFP") have been sent out to engage a primary external mineral resource consultant. Shortly, an RFP will be sent to potential bidders for commencement of diamond drilling activities.”