March 21, 2012 10:31 AM

Rubicon Minerals Corp. (RMX:TSX | RBY:NYSE-AMEX) reports that it is now fully permitted to develop , construct and operate a potential mining and milling facility for the company’s wholly owned Phoenix Gold project located in Ontario. David Adamson, Rubicon’s president and chief executive officer says that this is “another important milestone for the Phoenix Gold project and for Rubicon. We have a high-grade gold project in a safe political jurisdiction, we are funded to continue development as outlined in our preliminary economic assessment and now we are fully permitted.” Rubicon Minerals Corp. is a Canadian based exploration and development company; currently it is focused on developing its high grade gold project located in Red Lake Ontario