The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Drilling Hits More High-Grade Gold at F2
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TIMOTHY LEE, Salman Partners
(03/23/2009)
"Dundee's Trading Call: If Rubicon can continue to demonstrate that its high-grade F2 Zone has major size potential, its share price may have further upside. Rubicon has sunk its teeth into a significant discovery in the heart of the Red Lake camp. If the zone continues to grow, we believe Rubicon may become a target for Goldcorp (G-T, Buy, $42.00 Target Price), which holds the surrounding ground. On March 23, Rubicon released drilling results from the F2 Zone, located on its 100%-owned Phoenix gold project in the Red Lake gold district of Ontario. The results are from holes targeting expansion of the zone to the northeast and holes located near the core of the zone in the southwest. The holes encountered gold mineralization up to 200m northeast of the core of the F2 Zone and helped infill the southwestern part of the zone. Highlights include 68.8 g/t gold over 4m in the northeast and 37.3 g/t gold over 1m to the southwest. These holes further expand the F2 Zone, which remains open for expansion. The zone now stretches 580m laterally and to depths of up to 1,101m below surface, and it remains open for expansion in multiple directions laterally and at depth. The holes to the northeast are particularly encouraging, as this area represents a large, sparsely drilled target. Further drilling is needed to determine if this area is part of the same system as the F2 Zone." |
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