DESCRIPTION: Rubicon Minerals is a well-funded, leading gold exploration company deriving its strength from a hands-on management team with a track record of discovery. The company owns over 65,000 acres of prime exploration ground in the prolific, high-grade Red Lake gold camp of Ontario, Canada, which hosts Goldcorp's world-class Red Lake Mine and where, in early 2008, Rubicon made the significant F2 Zone discovery at its Phoenix Gold Project. 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 earned the reputation of a leading junior exploration company.
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"An underground drift (targeted for completion in October 2010) has been designed to provide access for definition drilling and bulk sampling of the F2 Core Zone, as well as for cost-effective drilling of additional gold-bearing zones surrounding the F2 Core Zone. Initial scope costing will take place during H210, with major permits expected in Q111. Its advanced stage of exploration, combined with existing infrastructure (1,250tpd shaft, existing hoist, 25-year+ tailings facility), indicates a potential production start in 2012, in our view. We estimate that the F2 Zone has the potential to host a 5-10Moz gold deposit, which will likely be outlined over time with extensive drilling. Steady news flow should support the share price in advance of an initial resource estimate."
Barry Allan, Mackie Research Capital Corp
(08/19/10)
"On August 18, RMX released ~15 additional drill holes on the F2 zone, which intersected further mineralization at depth in both the northern and southern extension target areas. Intercepts across the F2 Core Zone indicated excellent vertical continuity and width of high-grade mineralization—all where an underground sampling program is designed to directly test the zone in Q410.
F2 Core Zone holds together very well and is high-grade: Hole 122-67 drilled horizontally from 824 meters underground in the southern extension intersected 16.3 g/t over 5.1m, including 21.8 g/t over 3.6m—indicating excellent vertical continuity at good grades. Hole 305-05-W1 intersected 3.9 g/t over 6m and 3.4 g/t over 8m in the Core Zone. The hole in the Core Zone will be tested by underground mining in Q410."
Chip Brian, SmarTrend (08/18/10)
"Rubicon Minerals is one of today's best-performing, low-priced stocks—up 2% to $4.08 on 1.3x average daily volume. Approximately 457,000 shares have traded hands today vs. 30-day average volume of 359,000 shares. Shares of Rubicon Minerals are currently trading above their 50-day moving average (MA) of $3.51 and above their 200-day MA of $4.04. . .SmarTrend is bullish on shares of Rubicon Minerals and our subscribers were alerted to buy on June 18, 2010 at $3.84. The stock has risen 6.3% since the alert was issued."
Ian Mclelland, Proactive Investors (08/18/10)
"Recent drill results, from 'deep target area 8,' which is at the SW end of the F2 Gold System, reported several high-grade gold intercepts, including 18.6 g/t gold over 4.5m within a wider 9m intercept grading 10.9 g/t gold. The gold mineralization was cut at a depth of 1396m below surface. Drilling from surface targeting area 8 and area 5 hit several zones of bonanza gold grades, including a half of a meter averaging a whopping 754 g/t gold at a depth of 1320m. . .Shares in the company powered ahead today, climbing nearly 3%, adding to a strong run in August."
Canadian Mining Journal (08/18/10)
"22 oz./ton—Rubicon Minerals reported this eye-popping result from its Phoenix gold project in the Red Lake, ON, camp. Translated to metric, that is 754.2 g/t Au over 0.5m at a depth of 1,320m below surface. Another deep hole returned 18.6 g/t over 4.5m. Underground drifting on the 305 level is on target to reach the F2 core zone in October 2010."
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