Friday 28th October 2016

Resource Clips

Rubicon reports Ontario Gold Assays as high as 156 g/t over 4m

Resource Clips - essential news on junior gold mining and junior silver miningRubicon Minerals Corporation TSX:RMX announced drill results from the F2 Gold System of its Phoenix gold project in the Red Lake gold district of Ontario. Highlights include

13.1 g/t gold over 1.1 metres
8 g/t over 2 metres
90.9 g/t over 0.5 metres
184.7 g/t over 0.5 metres
6.2 g/t over 2 metres
23.3 g/t over 1 metre
6.1 g/t over 4 metres
4.5 g/t over 7.5 metres
3.8 g/t over 9.5 metres
4.2 g/t over 26.6 metres (including 16.9 g/t over 1 metre)
10.7 g/t over 3.7 metres (including 34.8 g/t over 1 metre)
8.1 g/t over 4 metres (including 18.5 g/t over 1 metre)
20.5 g/t over 1 metre
156 g/t over 4 metres (including 1,219.6 g/t over 0.5 metres)
5.2 g/t over 6 metres

President/CEO David Adamson said, “These latest results are encouraging. Firstly, they identify an emerging shallow target area, and secondly and perhaps more importantly they are confirming and extending known high-grade gold intercepts in the important area around 1,200 metres, an area where we are assessing the potential to optimize the PEA mine plan grades through further drilling. Our exploration to date extends to only moderate depths compared to other major deposits in the Red Lake gold district and we are looking at ways to drill below 2,000 metres to test whether the F2 Gold System extends to depth.”

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Bill Cavaluzzo
VP Investor Relations

by Ted Niles

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