Positive Drill Results Continue for RBY

ANTHONA CURIC, Versant Partners (05/17/2010)
  • The F2 Zone at Phoenix has consistently returned very high-grade gold assays since its discovery in early 2008.
  • Significant new high-grade gold intercepts from Rubicon's F2 Gold System, which includes 76.35 oz/ton gold over 1.6 feet, 0.53 oz/ton gold over 18 feet and 0.51 oz/ton gold over 16.7 feet.
  • A likely acquisition target given the Bruce Channel purchase by Goldcorp from Gold Eagle in 2008.
We are maintaining Buy (Speculative) recommendation on Rubicon Minerals Corporation and a 12-month C$6.50 per share target price.

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