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Rubicon updates Phoenix resources

from Canadian Mining Journal

Since suspending underground mining at its Phoenix project in the Red Lake camp, Rubicon Minerals of Toronto has taken the time to update its resource estimate for the mine. The company has made significant decreases in both tonnage and contained ounces compared to the 2013 estimate. The new numbers reflect the geological complexity of the F2 deposit and the less continuous nature of the high grade gold mineralization. The changes were made after additional drilling and modeling. more


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