Dallas, Texas 09/09/2013 (Financialstrend) – Rubicon Minerals Corp. (USA) (NYSEMKT:RBY) declares that a novel mineral resource model presently being created by SRK Consulting (Canada) Inc. (“SRK”) for the F2 Gold structure, which consists of part of the Phoenix Gold Project (“Project”), will be based on a amended geological rendition of gold mineralization movements on the Project. The novel interpretation will permit the company to better assess a variety of potential mining extraction alternatives and will also aid the selection of a suitable cut-off grade for an upgraded mineral resource approximation, with the objective of optimizing Project financials. Accordingly, Rubicon proposes to upgrade Project financials in a novel Preliminary Economic Assessment (“New PEA”) that will comprise upgraded mineral resource estimation and include completed optimization researches.
Rubicon has devoted the capital of its shareholders and the energy of its organization and personnel to the growth of their Phoenix Gold Project in the Red Lake gold region of Ontario. The anticipated cash cost per ounce at Phoenix is $629, with a mine life estimate to last 13 years and twelve-monthly fabrication of 165,300 ounces of gold per year.
Rubicon Minerals Corporation is a later phase gold development company, concentrated on accountable and environmentally sustainable growth of its Phoenix Gold Project in Red Lake, Ontario in the direction of anticipated gold production in the coming year. Rubicon is well-financed and its flagship Phoenix Gold Project is completely allowable for fabrication. Additionally, Rubicon controls more than 100 square miles of major exploration ground in the fruitful Red Lake gold region that hosts Goldcorp’s high-grade, top-notch Red Lake Mine. Rubicon’s scrips are listed on the New York Stock Exchange (NYSE) (RBY) and the TSX (RMX) Exchange. Rubicon’s scrips are comprised in the S&P/TSX Composite Index.
It is a good stock, but it will offer gains in the long or medium term.