RBY: F2 Results

DANIEL EARLE, Newcrest, TD Securities (02/03/2010)
"The company provided an update of drilling of the F2 Gold System at its flagship Phoenix Project (100%), located in the prolific Red Lake camp of northwestern Ontario

It is difficult to summarize the results in a bullet point, but suffice it to say that with the system expanding in some areas and confidence to the (in some areas thick) high-grade nature of other areas being added by the drilling, the results are positive in our view. . .

Rubicon is conducting one of the largest exploration programs in the gold sector that we are aware of. The company has five drill rigs in operation on the project—three on surface and two underground on the 122-metre level—and intends to complete 158,000 m of drilling by year-end 2010."

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