Deep Gold...
posted on
Oct 30, 2008 05:42AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Here is a great example of bonanza gold at depth..This is a Red Lake property,very much like KXL property and this is why management want to locate the deep gold deposits by shallow drilling and finding the areas that lead to the deeper deposits..
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- 11.41 oz/ton over 1.6 feet (391.3 g/t over 0.5 metres) at a vertical
depth of 3,612 feet (1101 metres) below surface -
- New intercepts are 778 feet (237 metres) vertically below the deepest
reported intercept -
TSX:RMX / AMEX:RBY
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TORONTO, Oct. 30 /CNW/ - Rubicon Minerals Corp (RMX.TSX:RBY.AMEX) is
pleased to announce new results from the F2 Zone, part of the 100%-controlled
Phoenix Gold Project, located in the heart of the prolific Red Lake gold
district of Ontario. Previous drilling has identified significant zones of
gold mineralization including bonanza and high-grade gold intercepts (see news
releases dated March 12, 2008 through October 21, 2008).
Hole F2-35 in which Rubicon recently announced an intercept of 1.22
oz/ton over 7.1 feet (41.9 g/t gold over 2.2 metres) (see October 21, 2008
news release) has intersected further gold mineralization 778 feet (237 metres
below the deepest intercept previously reported at the F2 Zone). The interval
contains a bonanza grade section of 11.41 oz/ton over 1.6 feet (391.3 g/t over
0.5 metre) at a vertical depth of 3612.2 feet (1101 metres) below surface plus
a separate section grading 0.41 oz/ton over 4.3 feet (14.2 g/t over 1.3 metres
including 1.01 oz/ton over 1.6 feet (34.6 g/t over 0.5 metres) at a vertical
depth of 3664.7 feet (1117 metres) below surface.