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posted on May 03, 2009 05:34AM

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Rubicon Minerals

www.rubiconminerals.com

Description

Rubicon Minerals Corporation (RBY:NYSE.AMEX | RMX:TSX) is a well-funded, top tier, gold exploration company deriving its strength from a hands-on management team with a track record of discovery. Rubicon controls over 65,000 acres of prime exploration ground in the prolific Red Lake gold camp of Ontario, Canada, which hosts Goldcorp's high-grade, world class Red Lake Mine. Rubicon's flagship property is the 100%-controlled Phoenix Gold Project, located in the heart of this producing camp. In March 2008, Rubicon announced a significant high-grade gold discovery (F2 Zone) at the Phoenix Project and an aggressive drill program has quickly advanced the project to the point where the company has announced plans for an underground exploration program to commence in Q2, 2009.

Through a transaction completed in May, 2007 with former Goldcorp Inc. Chairman and CEO, Rob McEwen, Rubicon acquired 380,800 acres of prospective exploration ground in Alaska in the area of the 5.6 million ounce Pogo deposit as well as a 225,000 acre land package in northeast Nevada.

With an exceptional technical team, outstanding assets, a focus on gold camps in politically safe environments and a high profile in the capital markets, Rubicon Minerals has gained the reputation as a leading junior exploration company.

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Company Statement:

Rubicon Minerals Corporation (RBY:NYSE.AMEX | RMX:TSX) is a well-funded, top tier, gold exploration company deriving its strength from a hands-on management team with a track record of discovery. Rubicon controls over 65,000 acres of prime exploration ground in the prolific Red Lake gold camp of Ontario, Canada, which hosts Goldcorp's high-grade, world class Red Lake Mine. Rubicon's flagship property is the 100%-controlled Phoenix Gold Project, located in the heart of this producing camp. In March 2008, Rubicon announced a significant high-grade gold discovery (F2 Zone) at the Phoenix Project and an aggressive drill program has quickly advanced the project to the point where the company has announced plans for an underground exploration program to commence in Q2, 2009.

Through a transaction completed in May, 2007 with former Goldcorp Inc. Chairman and CEO, Rob McEwen, Rubicon acquired 380,800 acres of prospective exploration ground in Alaska in the area of the 5.6 million ounce Pogo deposit as well as a 225,000 acre land package in northeast Nevada.

With an exceptional technical team, outstanding assets, a focus on gold camps in politically safe environments and a high profile in the capital markets, Rubicon Minerals has gained the reputation as a leading junior exploration company.











Current Operations:

PHOENIX GOLD PROJECT

100% RUBICON MINERALS CONTROLLED IN THE HEART OF THE RED LAKE, ONTARIO GOLD DISTRICT


A SIGNIFICANT HIGH-GRADE GOLD DISCOVERY AT THE F2 ZONE

"Location, Location — The Rubicon Advantage!"

  • March, 2008 discovery of high-grade F-2 Zone
  • 2008-09 continued outstanding drill results of high-grade and bonanza grade gold (see table below)
  • High-grade gold intercepts from surface down to 1,100 metres!
  • Deceison made to de-water and deepen shaft for ~ 60,000 metre underground drill program.
  • $25 million aggressive exploration program underway.

Phoenix Gold - High-grade Zones



FOUR KILOMETRES OF PROSPECTIVE AND UNDER-EXPLORED GEOLOGY

"Right Rocks, Right Time, Right Place!"

  • Documented Red Lake gold type deposit environment. Historically, very little of the four kilometre prospective ground had been explored
  • Rubicon has systematically developed a geological and structural model of the Phoenix Gold Project to best target new areas


NEAR SURFACE GOLD ZONES DISCOVERED AT THE ISLAND ZONE

"Rubicon's Red Lake Model is working!"

  • Island Zone discovered in 2004
  • 67 drill intercepts form the zone average 10.66 g/t gold over 2.00 metres
  • Zone is open to depth and along strike
  • New near surface gold zones discovered in 2007, including the North Peninsula Target, the KZ Target and the West Mine Target


UTILIZING THE LATEST TECHNOLOGY

  • Advanced technology (Titan24 Survey) utilized in 2008 can penetrate down to 800 metres and has identified gold system to depth
  • "F2 ZoneGold system documented by drilling, 1100 metres below surface!"
  • Major gold deposits in camp extend to 3,000 metres


AGGRESSIVE $25 MILLION, 12-MONTH EXPLORATION PROGRAM PLAN

"Aggressive exploration on several projects led by Phoenix"

  • 23 million ounces of gold produced from the Red Lake campMore than 2 million ounces of gold has been produced from this trend of prospective rocks


Management

Senior Management (for more information click here)

David W. Adamson, B.Sc.(Hons.), M.Sc., Ph.D. - President & CEO, & a Director

Bill Cavalluzzo, B.A. - Vice-President, Investor Relations

Matthew C. Wunder, P.Geo. - Vice President - Exploration

Robert G. Lewis, LL.B., C.G.A. - CFO

Chris Bradbrook, B.Sc. M.Sc. - Director

John Brodie FCA - Director

Kevin Sherkin LLB - Director

Philip Martin, B.Sc. (Hons) - Director

David R. Reid, B.A., LL.B. - Director





Major Shareholders

Rob McEwen (Mar. 5/09) - 25.3%

For more investor information click here

Contact Information

Address:
1540 - 800 West Pender Street
Vancouver, BC
Canada V6C 2V6

Telephone: 604.623.3333
Fax: 604.623.3355
Toll Free: 1.866.365.4706

IR e-mail: bcavalluzzo@rubiconminerals.com
General e-mail: rubicon@rubiconminerals.com

Corporate Information

Rubicon Minerals Corporation is a well-funded exploration company, focusing on exploring for gold in politically safe jurisdictions with high geological potential. Rubicon controls over 65,000 acres of prime exploration ground in the prolific Red Lake gold district of Ontario which hosts Goldcorp's high-grade, world class Red Lake Mine. In addition to its Red Lake holdings, Rubicon controls over 380,000 acres surrounding the Pogo Mine in Alaska as well as 225,000 acres in northeast Nevada. Rob McEwen, President and CEO of McEwen Capital and former Chairman and CEO of Goldcorp, owns 29% of the issued shares of the company.

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