We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ruby Creek Resources Inc (CE) | USOTC:RBYC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
NEW YORK, July 23, 2012 /PRNewswire/ -- Ruby Creek Resources, Inc. (OTCQB:RBYC), a gold exploration and mining company with operations in Tanzania, hereby provides an operations update. Ruby Creek test mining on its GS1 mining license area during the quarter ended May 31, 2012 yielded recovered grades which we estimate varied from 0.16 to 0.86 g/lcm (loose cubic meter) and approximately 14 ounces of gold.
As set forth in its Quarterly Report for the period ended May 31, 2012 on Form 10-Q, subsequent to the end of the quarter, Ruby Creek curtailed its mining operations in order to focus on raising capital necessary to commence commercial production and continue exploration activities. During its test mining and previous exploration, Ruby Creek identified numerous promising locations on its properties, as well as nearby water sources necessary to support and sustain commercial production of gold. In the event that Ruby Creek is successful in raising additional capital, of which there can be no assurance, Ruby Creek can begin to exploit these promising locations.
Dan Bartley, CEO said; "Test mining produced encouraging results and over the past several months we have built a solid foundation to prepare for production on GS1. I am hopeful that our capital raising efforts with be successful so as to allow for larger scale production of gold."
About Ruby Creek Resources, Inc.
Ruby Creek Resources, Inc. (www.rubycreekresources.com) is a gold exploration and mining company. Ruby Creek operates in Tanzania through its subsidiaries, Ruby Creek Gold (Tanzania) Limited and Ruby Creek Resources (Tanzania) Limited. Ruby Creek is the operator of the Tanzania Gold Plateau Project, establishing operations and infrastructure, along with the permitting process in support of the full development and commencement of gold mining operations on the project.
Forward-Looking Statements
This news release may include certain forward-looking statements. All statements, other than statements of historical fact, included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. This notice expressly qualifies all forward-looking statements in this release. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors, which may be identified, from time to time in the Company's public announcements.
SOURCE Ruby Creek Resources, Inc.
Copyright 2012 PR Newswire
1 Year Ruby Creek Resources (CE) Chart |
1 Month Ruby Creek Resources (CE) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions