Vancouver — Drilling has enabled
The winter program doubled the length of the Phoenix zone to 500 metres, and the PZ-1 lens now extends to a depth of 200 metres.
Situated near the surface, the Phoenix zone is up to 13 metres thick. Typical of Red Lake-area deposits, it is characterized by quartz-carbonate veins, silicified zones, and replacement mineralization near ultramafic contacts.
Highlights from recent drilling include 2.2 metres grading 17.2 grams gold per tonne, and 1.2 metres of 32.4 grams gold. The results compare favourably with earlier assays of 15.5 grams gold over 4.8 metres and 70.1 grams gold across 3.1 metres, demonstrating a significant mineralized system.
Rubicon uncovered other lenses with significant gold intercepts, both in the footwall and hangingwall of the PZ-1 lens.
A 20-to-30-metre-thick zone of carbonate (ankerite) replacement was encountered in the Phoenix zone. It contains variable silicification and mineralization over thicknesses of up to 14 metres. Drill intercepts included 9 metres grading 5.2 grams gold and 7.7 metres of 6 grams gold. The new zone is about 75 metres structurally above PZ-1 and has been tested over 120 metres of strike and 60 metres downdip and remains open.
At 260 sq. km, Rubicon has one the largest land positions in the Red Lake camp.
Be the first to comment on "Rubicon extends McFinley"