...mit finanziellem Anschub von McEwen. ![Freude :]](https://goldseiten-forum.com/wcf/images/smilies/pleased.gif)
RMX und Partner GOG mit aktuellem Bohrprogramm :
May 08, 2007
Rubicon Minerals and Golden Tag Announce Follow-Up Drilling at McCuaig Project
- 7,500-metre program to commence by early June -
Press Release 07-08
Rubicon Minerals Corp. (RMX.TSX : RBY.AMEX) and partner Golden Tag Resources Ltd. (GOG: TSX-V) are pleased to announce they will carry out a follow-up, 7,500-metre, land-based drill program beginning in late May or early June, at the McCuaig joint venture (Rubicon 60% -Golden Tag 40%). Rubicon recently announced (see news release dated April 16, 2007) encouraging results from a drill hole designed to test for the possible down-dip extension of the No.1 vein structure developed at the adjacent former McKenzie Mine. A gold-bearing zone in what appears to be a very robust structure, was intersected containing up to 15.65 g/t gold over 1.55 metres.
Hosted by a well developed 20+metre wide vein zone, this target is wide open for follow up, both along strike and down dip. The project is well located within Balmer rocks on the prolific Red Lake Mine Trend and is adjacent to both the past-producing McKenzie Mine which produced 651,000 ounces of gold between 1935 and 1966, and the Gold Eagle Mines discovery to the east.
Photographs of the zone along with sections are posted on the Company's website at http://www.rubiconminerals.com
David Adamson said, "The New Rubicon plans to spend $5.0 million in the Red Lake camp to aggressively explore our well-positioned 150 square mile land package. As well, with the closing of the McEwen transaction, we will acquire interest in a large land package in Alaska near the Pogo deposit plus 350 square miles of prospective ground in Northeast Nevada. We will spend a total of $3.0 million on this ground over the next 12 months."
Rubicon Minerals Corporation is a well-funded, gold-focused exploration company with over 150 square miles of prime exploration ground in the prolific Red Lake gold camp of Ontario which hosts Goldcorp's high-grade, world class Red Lake Mine.
Under the terms of a recently announced agreement with Rob McEwen, Mr. McEwen will acquire $10 million of Rubicon shares and will arrange for an additional private placement of up to $5 million. As well, Rubicon will acquire from a McEwen private company, 512,960 acres of prospective exploration ground in Alaska in the area of the 4.5 million ounce Pogo deposit. Rubicon will also acquire from Lexam Explorations Inc., a 225,000 acre land package in northeast Nevada. The transaction is subject to various conditions including Rubicon shareholder approval which will take place May 14, 2007.
Grüsse