Rubicon Reports More High Grade Gold from New F2 Zone Discovery
Phoenix Gold Project, Red Lake, Ontario
- 42.4 g/t gold over 11.0 metres (1.24 oz/ton over 35.6 feet) in F2-08 -
- Additional assays from hole F2-07 expand intercept to 24.4 g/t over 17.0 metres (0.71 oz/ton over 55.8
Rubicon Minerals Corp (RMX.TSX : RBY.AMEX) is pleased to report further high-grade results from its
new F2 Zone discovery at the 100% controlled Phoenix Gold Project, located in the heart of the prolific Red
Lake gold district.
A quartz vein and vein breccia zone in hole F2-08, located approximately 90 metres (295 feet) vertically above
the previously reported intercept in F2-07, (see news release dated March 31, 2008), and within what is
currently interpreted to be the same, or related, structure has returned an interval grading 42.4 g/t gold over
11.0 metres (1.24 oz/ton gold over 35.6 feet) core length at 290 metres below surface. Assays for additional
mineralized samples above and below this zone are pending.
Recently received assays for drill hole F2-07 expand the previously reported high-grade intercept in this hole to
24.4 g/t gold over 17.0 metres (0.71 oz/ton over 55.8 feet) core length. This interval includes the section
grading 36.5 g/t gold over 8.0 metres (1.06 oz/ton over 26.5 feet) as originally reported in the March 31,
2008 news release.
Current information suggests that the F2-07 and F2-08 high-grade intercepts may be lenses or shoots developed
within a robust gold-bearing structure that also hosts thick, lower grade intervals such as the 28.0 metre interval
grading 3.3 g/t gold including 5.1 g/t gold over 9.0 metres present in F2-02 (see news release March 31, 2008
and drill section on www.rubiconminerals.com ). However, this interpretation is preliminary in nature and
significantly more drilling is required to gain a better understanding of gold distribution within the F2 Zone.
“This latest intercept confirms our view that the F2 Zone is a significant new discover