Windsor, Alberta 10/23/2009 10:45:00 PM
News / Business

Rubicon ( TSX:RMX / NYSE Amex: RBY) Continues to Expand F2 Gold Zone, Red Lake, Ontario

Rubicon Minerals Corporation (RMX.TSX: RBY.NYSE-AMEX) is pleased to provide an update of drill results at its 100%-owned Phoenix Gold Project, located in the heart of the prolific Red Lake Gold District of Ontario. New results continue to expand the F2 Gold system, where 83,500 metres of drilling have been completed to date  releases . Significant new results are summarized on the website.

 

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"These current drill results demonstrate important extensions to the depth potential and strike length potential of the F2 gold system and continue to fill in the 9X target area with new and significant gold intercepts. The system remains open in all directions and the recent F2-77 gold intercept extends the F2 system beyond our current 9X target areas." said David Adamson, President and CEO. On March 30, 2009, Rubicon announced an 80,000-metre drill program designed to expand the known extent of the F2 Zone gold system. This planned drill program is testing a 1200-metre by 1600-metre target area, and is referred to as the '9X drill plan' as outlined in Figures 1 and 2.Rubicon Minerals Corporation is a well-funded exploration and development company, focused on exploring for gold in politically safe jurisdictions with high geological potential.  Rubicon controls over 65,000 acres of prime exploration ground in the prolific Red Lake gold district of Ontario which hosts Goldcorp's high-grade, world class Red Lake Mine. In addition to its Red Lake holdings,  Rubicon also controls over 380,000 acres surrounding the Pogo Mine in Alaska as well as 225,000 acres in northeast Nevada. Rob McEwen, President and CEO of McEwen Capital and former Chairman and CEO of Goldcorp, owns 23.8% of the issued shares of the Company.

 

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