Rubicon Minerals Corporation (RMX:TSX) has started underground drilling at its Phoenix Gold Project, located in the heart of the prolific Red Lake Gold district in northwestern Ontario.
Rehabilitation of existing underground levels is complete and the hoist and shaft have been successfully re-commissioned. Drilling is currently being carried out from the 122 metre from one drill station and two additional drill stations will be added during the next month. Underground drilling is currently supplemented by drilling with three rigs from surface. Shaft sinking to a depth of 350 metres below surface is targeted to commence before the end of June to allow for drilling from that level.
During May, diamond drilling was restricted due to repairs and ice break-up. However, new high-grade gold was intercepted by the drills of 42.9 gold per tonne (g/t) over 2 metres and 123.5 gold per tonne (g/t) over 1 metre were returned, extending high-grade gold intercepts to a 700-metre strike length.
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