Rubicon Minerals Corporation TSX:RMX announced assays from its Phoenix Gold Project in the Red Lake Gold District, Ontario. Highlights include 39.5 g/t gold over 17.3 metres (including 180 g/t over 3.6 metres), 54.4 g/t over 1.4 metres, 25.8 g/t over 7 metres (including 69.7 g/t over 2 metres), 34.8 g/t over 4.1 metres (including 123.5 g/t over 1 metre) and 77.9 g/t over 2 metres (including 298.4 g/t over 0.5 metres).
President/CEO David Adamson said, “The F2 Core Zone delineation holes have identified the emergence of several high-grade sub-zones within areas of previous wider spaced drilling which display good vertical continuity. This bodes well for future delineation and expansion drilling.” Rubicon expects to complete a preliminary economic assessment in Q2 2011.
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by Ted Niles