TSX: RMX | OTCQX: RBYCF
TORONTO, Feb. 20, 2018 /CNW/ - Rubicon Minerals
Corporation (TSX: RMX | OTCQX: RBYCF) ("Rubicon" or the
"Company") provides additional assay results from its 2017
Exploration Program and details on exploration drill holes at areas
below the historic McFinley Deposit ("McFinley Deep") at the
Phoenix Gold Project (the "Project").
Assay Results Highlights (as of February 20, 2017) representing approximately
5,000 metres ("m") of drilling at the end of 2017:
Infill and step-out drilling program at the 610-, and
685-metre levels with the objective of potentially upgrading and
growing the 2016 Mineral Resources (not true widths, more details
in the 'Qualified Persons and QA/QC' section below):
- 685-17-09: 14.25 g/t Au over 1.8
m (including 61.61 g/t Au over 0.4 m)
- 685-17-10: 23.39 g/t Au over 2.0
m (including 46.73 g/t Au over 1.0 m)
- 685-17-12: 11.03 g/t Au over 1.9
m (including 30.90 g/t Au over 0.7 m)
- 685-17-13: 28.19 g/t Au over 1.6
m (including 61.96 g/t Au over 0.7 m)
Remaining Assay Results from the 2017 Exploration
Program
Rubicon elected to drill an additional 5,000 m from the 610- and 685-metre levels,
bringing the total oriented drilling to approximately 28,500 m at year end 2017. The focus of this
drilling is to potentially expand and upgrade the classification of
mineral resources at the deeper parts of the F2 Gold Deposit. At
the end of this news release, a summary of the assay results from
the additional 5,000 m drilled is
presented in Table 1. Plan and sections views of the drilling are
presented in Diagrams 1 to 9. The Company continues its drilling
activities in 2018, as previously announced.
McFinley Deep Exploration
The Company drilled three exploration holes from the 244- and
685-metre levels to test the potential extension of the historic
McFinley Deposit at depth. The historic McFinley Deposit is located
on the Phoenix Gold Project property, beneath the peninsula and
approximately 400 m northwest of the
F2 Gold Deposit. Previous exploration at the historic McFinley
Deposit resulted in an undiluted mineral resource estimate of
334,007 short tons (303,006 tonnes) at grade of 0.20 ounces of gold
per short ton (6.86 g/t Au) resulting in 66,801 gold ounces in the
Inferred Resource category, to a depth of 122 metres below surface.
See Diagrams 10 to 13 at the end of this news release for the
plan and section view of the McFinley Deep drilling.
The Company observed that exploration drilling intersected
gold-bearing quartz veins and sulphides through four zones, similar
to the lithological sequence in the historic McFinley Deposit.
Drill hole 685-17-C04 ended in high-titanium basalts ("HiTi
basalts"), suggesting that the extent of mineralization remains
open to the west (mine-grid). Assay results from the McFinley Deep
drilling include:
- 244-17-C02: 2.66 g/t Au over 0.5
m
- 244-17-C02: 1.05 g/t Au over 0.6
m
- 244-17-C03: 4.87 g/t Au over 0.4
m
- 244-17-C03: 2.31 g/t Au over 0.5
m
- 244-17-C03: 3.60 g/t Au over 0.5
m
- 244-17-C03: 1.53 g/t Au over 0.9
m
- 685-17-C04: 3.66 g/t Au over 0.4
m
- 685-17-C04: 2.93 g/t Au over 0.7
m
- 685-17-C04: 3.48 g/t Au over 1.0
m
- 685-17-C04: 5.55 g/t Au over 0.7
m
The Company is encouraged by the results from McFinley Deep and
plans to extend the existing 685-17-C04 drill hole to the western
claim boundary, as it currently remains in the HiTi basalts.
Rubicon also plans to drill another test hole from the 685-metre
level to target an area that is more than 500 m below the historic McFinley Deposit.
CEO's Comments
Rubicon President and Chief Executive Officer George Ogilvie, P.Eng., stated, "Our exploration
program has yielded encouraging results and we are continuing
infill and step-out drilling of the F2 Gold Deposit in 2018. We
remain on track to complete our test trial mining in the summer,
with an updated Mineral Resource Estimate and accompanying
technical report due for release towards year end."
"We are also encouraged with the initial observations from the
exploration holes drilled at McFinley Deep. We plan to drill a
couple more test holes to gather more information on McFinley Deep,
given its close proximity to the infrastructure and development at
the Phoenix Gold Project."
Qualified Persons and QA/QC
The content of this news release has been read and approved by
George Ogilvie, P.Eng., President
and CEO, and Mark Ross, B.Sc.,
P.Geo., Chief Mine Geologist, for
Rubicon. Both are Qualified Persons as defined by NI 43-101.
Underground drilling was conducted by Boart Longyear Drilling
of Haileybury, Ontario and was supervised by the Rubicon
exploration team. All assays reported are uncut unless otherwise
stated. All samples reported herein were performed by SGS Mineral
Services of Red Lake, Ontario. All NQ core assays
reported were obtained by fire assay with AA-finish or using
gravimetric finish for values over 10.0 g/t Au.
Intercepts cited do not necessarily represent true widths,
unless otherwise noted, however drilling is generally intersecting
interpreted mineralized zones at a high angle. True width
determinations are estimated at 65-80% of the core length intervals
for the 305-metre level drilling, and estimated at 75-95% of the
core length for the 610- and 685-metre level drilling.
Rubicon's quality control checks include insertion of blanks,
standards and duplicates to ensure laboratory accuracy and
precision.
About Rubicon Minerals Corporation
Rubicon Minerals Corporation is an advanced gold
exploration company that owns the Phoenix Gold Project,
located in the prolific Red Lake
gold district in northwestern Ontario,
Canada. Additionally, Rubicon controls over 280 square
kilometres of prime exploration ground in Red Lake and more than 900 square kilometres
of mineral property interests in the emerging Long Canyon gold
district that straddles the Nevada-Utah
border in the United States.
Rubicon's shares are listed on the Toronto Stock Exchange
(RMX) and the OTCQX markets (RBYCF). For more
information, please visit our website at
www.rubiconminerals.com.
RUBICON MINERALS CORPORATION
George Ogilvie, P.Eng.
President, CEO, and Director
Table 1: Summary of 2017 Drilling Assay Results, up to
February 20, 2018
*Previously released assay results
|
|
|
|
|
|
|
|
Drill hole
number
|
Type
|
Elevation
|
Total
Depth
(m)
|
From
(m)
|
To
(m)
|
Width
(m)
|
Grade
(g/t Au)
|
|
|
|
|
|
|
|
|
|
|
New
results
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
610-17-25
|
infill/step-out
|
610-metre
level
|
528.0
|
521.2
|
522.0
|
0.8
|
2.20
|
|
|
|
|
|
|
|
|
|
|
610-17-27
|
infill/step-out
|
610-metre
level
|
483.0
|
453.4
|
455.0
|
1.6
|
4.42
|
|
|
|
|
|
475.0
|
476.0
|
1.0
|
6.50
|
|
|
|
|
|
478.0
|
479.0
|
1.0
|
3.11
|
|
|
|
|
|
|
|
|
|
|
610-17-28
|
infill/step-out
|
610-metre
level
|
560.0
|
540.0
|
541.0
|
1.0
|
5.65
|
|
|
|
|
|
555.0
|
556.0
|
1.0
|
2.37
|
|
|
|
|
|
|
|
|
|
|
610-17-29
|
infill/step-out
|
610-metre
level
|
456.0
|
assay results
pending
|
|
|
|
|
|
|
|
|
685-17-07
|
infill/step-out
|
685-metre
level
|
362.6
|
312.4
|
313.4
|
1.0
|
2.18
|
|
|
|
|
331.0
|
332.7
|
1.7
|
3.34
|
|
|
|
|
|
|
|
|
685-17-08
|
infill/step-out
|
685-metre
level
|
375.0
|
349.0
|
350.2
|
1.2
|
1.05
|
|
|
|
|
|
|
|
|
685-17-09
|
infill/step-out
|
685-metre
level
|
413.2
|
338.7
|
339.8
|
1.1
|
3.87
|
|
|
|
|
359.6
|
361.4
|
1.8
|
14.25
|
|
|
|
including
|
359.6
|
360.0
|
0.4
|
61.61
|
|
|
|
|
|
|
|
|
685-17-10
|
infill/step-out
|
685-metre
level
|
392.0
|
26.5
|
27.4
|
0.9
|
4.77
|
|
|
|
|
353.2
|
361.1
|
8.0
|
3.02
|
|
|
|
including
|
354.9
|
355.7
|
0.8
|
9.53
|
|
|
|
|
373.0
|
375.0
|
2.0
|
23.39
|
|
|
|
including
|
373.0
|
374.0
|
1.0
|
46.73
|
|
|
|
|
|
|
|
|
685-17-11
|
infill/step-out
|
685-metre
level
|
407.3
|
21.0
|
22.0
|
1.0
|
5.82
|
|
|
|
|
23.0
|
24.0
|
1.0
|
8.58
|
|
|
|
|
368.0
|
369.3
|
1.3
|
1.46
|
|
|
|
|
390.0
|
391.1
|
1.1
|
2.51
|
|
|
|
|
|
|
|
|
685-17-12
|
infill/step-out
|
685-metre
level
|
351.0
|
320.9
|
322.3
|
1.4
|
3.09
|
|
|
|
|
329.4
|
331.3
|
1.9
|
11.03
|
|
|
|
including
|
330.7
|
331.3
|
0.7
|
30.90
|
|
|
|
|
|
|
|
|
685-17-13
|
infill/step-out
|
685-metre
level
|
375.0
|
27.8
|
29.3
|
1.6
|
28.19
|
|
|
|
including
|
28.6
|
29.3
|
0.7
|
61.96
|
|
|
|
|
358.8
|
360.0
|
1.2
|
2.39
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previously
released results
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*244-17-04
|
structural
|
244-metre
level
|
99.0
|
28.4
|
39.4
|
11.1
|
115.19
|
|
|
including
|
28.4
|
30.0
|
1.7
|
758.70
|
|
|
including
|
37.4
|
39.4
|
2.0
|
7.76
|
|
|
|
|
|
|
|
|
*244-17-05
|
structural
|
244-metre
level
|
42.6
|
20.6
|
23.0
|
2.5
|
3.11
|
|
|
|
35.0
|
40.0
|
5.0
|
5.17
|
|
|
including
|
38.0
|
40.0
|
2.0
|
7.00
|
|
|
|
|
|
|
|
|
*244-17-06
|
structural
|
244-metre
level
|
48.0
|
8.7
|
10.3
|
1.6
|
11.62
|
|
|
|
29.0
|
33.6
|
4.7
|
5.17
|
|
|
including
|
29.0
|
30.9
|
1.9
|
7.40
|
|
|
|
|
|
|
|
|
*244-17-07
|
structural
|
244-metre
level
|
83.6
|
21.4
|
28.5
|
7.1
|
5.33
|
|
|
including
|
26.7
|
28.5
|
1.8
|
14.17
|
|
|
|
48.5
|
49.5
|
1.0
|
3.82
|
|
|
|
|
|
|
|
|
*305-17-01
|
structural
|
305-metre
level
|
133.0
|
27.7
|
30.0
|
2.3
|
15.32
|
|
|
including
|
27.7
|
29.2
|
1.5
|
23.40
|
|
|
|
60.6
|
63.3
|
2.7
|
3.95
|
|
|
|
70.4
|
73.4
|
3.0
|
4.43
|
|
|
including
|
71.2
|
72.2
|
1.0
|
6.61
|
|
|
|
|
|
|
|
|
*305-17-02
|
structural
|
305-metre
level
|
72.0
|
36.6
|
38.0
|
1.4
|
5.29
|
|
|
|
44.3
|
45.6
|
1.3
|
5.18
|
|
|
|
57.9
|
59.4
|
1.5
|
7.80
|
|
|
|
|
|
|
|
|
*305-17-03
|
structural
|
305-metre
level
|
66.0
|
58.5
|
64.0
|
5.5
|
4.69
|
|
|
|
including
|
58.5
|
59.5
|
1.0
|
9.76
|
|
|
|
|
|
|
|
|
*305-17-04
|
structural
|
305-metre
level
|
125.7
|
55.0
|
59.5
|
4.5
|
3.62
|
|
|
|
78.5
|
80.0
|
1.5
|
4.74
|
|
|
|
91.0
|
93.5
|
2.5
|
3.69
|
|
|
|
|
|
|
|
|
*305-17-05
|
structural
|
305-metre
level
|
82.0
|
40.5
|
44.0
|
3.5
|
7.15
|
|
|
including
|
42.3
|
44.0
|
1.7
|
12.70
|
|
|
|
57.0
|
58.5
|
1.5
|
4.64
|
|
|
|
63.0
|
65.0
|
2.0
|
3.27
|
|
|
|
|
|
|
|
|
*305-17-06
|
structural
|
305-metre
level
|
87.2
|
42.2
|
45.3
|
3.1
|
3.20
|
|
|
|
59.3
|
71.9
|
12.6
|
6.83
|
|
|
including
|
59.3
|
61.0
|
1.7
|
29.70
|
|
|
including
|
68.8
|
70.5
|
1.7
|
10.78
|
|
|
|
|
|
|
|
|
*305-17-07
|
structural
|
305-metre
level
|
146.1
|
40.0
|
42.0
|
2.0
|
3.32
|
|
|
|
61.1
|
66.0
|
4.9
|
4.27
|
|
|
|
89.7
|
93.4
|
3.7
|
3.62
|
|
|
|
|
|
|
|
|
*305-17-08
|
structural
|
305-metre
level
|
150.0
|
no significant
assays
|
|
|
|
|
|
|
|
|
*305-17-09
|
structural
|
305-metre
level
|
108.4
|
44.0
|
51.4
|
7.4
|
58.22
|
|
|
including
|
49.3
|
51.4
|
2.1
|
199.66
|
|
|
|
75.9
|
80.7
|
4.8
|
4.33
|
|
|
|
|
|
|
|
|
*305-17-10
|
structural
|
305-metre
level
|
69.4
|
64.8
|
68.4
|
3.6
|
7.75
|
|
|
Including
|
66.6
|
68.4
|
1.8
|
13.58
|
|
|
|
|
|
|
|
|
*305-17-11
|
structural
|
305-metre
level
|
110.0
|
102.1
|
105.9
|
3.9
|
8.24
|
|
|
including
|
102.1
|
103.6
|
1.6
|
19.83
|
|
|
|
|
|
|
|
|
*305-17-12
|
structural
|
305-metre
level
|
119.3
|
98.0
|
99.5
|
1.6
|
5.50
|
|
|
|
|
|
|
|
|
*305-17-13
|
structural
|
305-metre
level
|
184.0
|
46.1
|
47.2
|
1.1
|
4.75
|
|
|
|
|
55.6
|
57.0
|
1.4
|
5.10
|
|
|
|
|
|
|
|
|
*305-17-14
|
infill/step-out
|
305-metre
level
|
303.0
|
118.4
|
127.0
|
8.6
|
8.09
|
|
|
including
|
118.4
|
121.3
|
2.9
|
22.27
|
|
|
|
284.1
|
287.3
|
3.3
|
6.88
|
|
|
including
|
284.1
|
286.0
|
2.0
|
11.17
|
|
|
|
|
|
|
|
|
*305-17-15
|
infill/step-out
|
305-metre
level
|
326.0
|
130.3
|
141.1
|
10.8
|
8.54
|
|
|
including
|
130.3
|
131.8
|
1.5
|
21.90
|
|
|
including
|
139.3
|
141.1
|
1.9
|
23.31
|
|
|
|
209.0
|
211.0
|
2.0
|
4.97
|
|
|
including
|
210.0
|
211.0
|
1.0
|
9.36
|
|
|
|
|
|
|
|
|
*305-17-16
|
infill/step-out
|
305-metre
level
|
357.9
|
151.5
|
157.7
|
6.2
|
6.72
|
|
|
including
|
151.5
|
153.3
|
1.8
|
16.38
|
|
|
|
|
|
|
|
|
*305-17-17
|
infill/step-out
|
305-metre
level
|
324.0
|
100.3
|
102.0
|
1.7
|
6.06
|
|
|
|
|
|
|
|
|
*305-17-18
|
infill/step-out
|
305-metre
level
|
331.05
|
282.6
|
292.5
|
10.0
|
6.13
|
|
|
including
|
288.9
|
292.5
|
3.7
|
9.50
|
|
|
|
|
|
|
|
|
*305-17-19
|
infill/step-out
|
305-metre
level
|
360.0
|
215.8
|
220.5
|
4.7
|
7.78
|
|
|
|
231.6
|
236.0
|
4.4
|
4.69
|
|
|
|
|
|
|
|
|
*305-17-20
|
infill/step-out
|
305-metre
level
|
350.0
|
141.5
|
143.2
|
1.7
|
7.39
|
|
|
|
155.3
|
159.9
|
4.7
|
21.52
|
|
|
including
|
155.3
|
156.8
|
1.5
|
44.02
|
|
|
|
|
193.0
|
194.8
|
1.9
|
5.61
|
|
|
|
|
|
|
|
|
*305-17-21
|
infill/step-out
|
305-metre
level
|
475.0
|
111.0
|
111.5
|
0.5
|
4.88
|
|
|
|
|
156.7
|
157.6
|
0.9
|
4.10
|
|
|
|
|
183.0
|
186.6
|
3.6
|
11.06
|
|
|
|
including
|
185.0
|
186.6
|
1.6
|
20.80
|
|
|
|
|
229.5
|
232.6
|
3.1
|
10.12
|
|
|
|
including
|
231.4
|
232.6
|
1.2
|
16.54
|
|
|
|
|
236.5
|
237.2
|
0.7
|
6.16
|
|
|
|
|
264.5
|
265.6
|
1.1
|
6.69
|
|
|
|
|
268.6
|
268.8
|
0.3
|
9.78
|
|
|
|
|
284.0
|
285.0
|
1.0
|
5.97
|
|
|
|
|
351.4
|
351.8
|
0.4
|
4.87
|
|
|
|
|
358.8
|
359.3
|
0.5
|
4.87
|
|
|
|
|
|
|
|
|
*305-17-22
|
infill/step-out
|
305-metre
level
|
442.0
|
212.3
|
221.0
|
8.7
|
9.78
|
|
|
including
|
212.3
|
218.2
|
5.9
|
13.65
|
|
|
|
339.8
|
342.3
|
2.5
|
7.41
|
|
|
|
357.4
|
359.0
|
1.6
|
5.13
|
|
|
|
|
|
|
|
|
*305-17-23
|
infill/step-out
|
305-metre
level
|
501.0
|
213.0
|
221.0
|
8.0
|
1.20
|
|
|
|
|
265.0
|
269.0
|
4.0
|
1.18
|
|
|
|
|
278.5
|
278.9
|
0.4
|
8.25
|
|
|
|
|
317.3
|
322.0
|
4.7
|
1.22
|
|
|
|
|
|
|
|
|
*305-17-24
|
infill/step-out
|
305-metre
level
|
329.0
|
177.6
|
178.2
|
0.6
|
3.05
|
|
|
|
|
182.7
|
183.5
|
0.8
|
3.73
|
|
|
|
|
192.5
|
194.2
|
1.7
|
4.58
|
|
|
|
|
|
|
|
|
*305-17-25
|
infill/step-out
|
305-metre
level
|
281.4
|
no significant
assays
|
|
|
|
|
|
|
|
|
*305-17-26
|
infill/step-out
|
305-metre
level
|
138.7
|
no significant
assays
|
|
|
|
|
|
|
|
|
*305-17-27
|
infill/step-out
|
305-metre
level
|
402.0
|
172.0
|
172.5
|
0.4
|
3.80
|
|
|
|
|
206.3
|
207.6
|
1.3
|
3.95
|
|
|
|
|
209.8
|
210.1
|
0.3
|
3.85
|
|
|
|
|
397.4
|
398.7
|
1.3
|
1.48
|
|
|
|
|
|
|
|
|
*305-17-28
|
infill/step-out
|
305-metre
level
|
376.2
|
141.7
|
143.5
|
1.8
|
6.44
|
|
|
|
including
|
141.7
|
142.4
|
0.7
|
12.02
|
|
|
|
|
187.5
|
189.0
|
1.5
|
3.13
|
|
|
|
|
287.7
|
288.3
|
0.6
|
3.33
|
|
|
|
|
|
|
|
|
*305-17-29
|
infill/step-out
|
305-metre
level
|
300.0
|
109.4
|
110.4
|
1.0
|
4.74
|
|
|
|
|
145.0
|
146.0
|
1.0
|
1.91
|
|
|
|
|
190.0
|
196.0
|
6.0
|
5.24
|
|
|
|
including
|
190.0
|
192.0
|
2.0
|
7.82
|
|
|
|
|
|
|
|
|
*305-17-30
|
infill/step-out
|
305-metre
level
|
351.0
|
168.0
|
170.5
|
2.4
|
7.76
|
|
|
|
including
|
168.0
|
169.0
|
1.0
|
15.14
|
|
|
|
|
177.0
|
178.2
|
1.2
|
3.36
|
|
|
|
|
180.5
|
180.9
|
0.5
|
3.00
|
|
|
|
|
223.5
|
225.0
|
1.6
|
8.05
|
|
|
|
|
|
|
|
|
*305-17-31
|
infill/step-out
|
305-metre
level
|
321.0
|
246.1
|
246.7
|
0.6
|
3.16
|
|
|
|
|
292.5
|
293.7
|
1.3
|
5.37
|
|
|
|
|
295.8
|
297.0
|
1.2
|
5.80
|
|
|
|
|
|
|
|
|
*610-17-01
|
infill/step-out
|
305-metre
level
|
547.3
|
447.0
|
451.0
|
4.0
|
6.70
|
|
|
Including
|
448.4
|
450.0
|
1.7
|
15.14
|
|
|
|
|
|
|
|
|
*610-17-02
|
infill/step-out
|
610-metre
level
|
543.8
|
542.0
|
543.8
|
1.8
|
9.69
|
|
|
|
|
|
|
|
|
*610-17-03
|
infill/step-out
|
610-metre
level
|
540.0
|
465.7
|
467.6
|
2.0
|
4.69
|
|
|
|
496.4
|
498.4
|
2.0
|
3.28
|
|
|
|
507.7
|
509.2
|
1.5
|
6.60
|
|
|
|
535.0
|
537.5
|
2.5
|
10.90
|
|
|
including
|
535.0
|
536.6
|
1.6
|
16.97
|
|
|
|
|
|
|
|
|
*610-17-04
|
infill/step-out
|
610-metre
level
|
512.0
|
434.5
|
440.0
|
5.5
|
9.75
|
|
|
including
|
435.5
|
438.5
|
3.0
|
16.83
|
|
|
|
|
|
|
|
|
*610-17-05
|
infill/step-out
|
610-metre
level
|
496.0
|
366.5
|
368.0
|
1.5
|
5.39
|
|
|
|
|
|
|
|
|
*610-17-06
|
infill/step-out
|
610-metre
level
|
507.0
|
359.0
|
361.0
|
2.0
|
6.60
|
|
|
|
373.0
|
376.0
|
3.0
|
6.03
|
|
|
including
|
374.4
|
376.0
|
1.6
|
11.42
|
|
|
|
442.0
|
448.5
|
6.5
|
12.89
|
|
|
including
|
442.0
|
446.6
|
4.6
|
17.73
|
|
|
|
|
|
|
|
|
*610-17-07
|
infill/step-out
|
610-metre
level
|
462.0
|
351.7
|
353.6
|
1.9
|
12.81
|
|
|
|
including
|
352.6
|
353.6
|
1.0
|
24.28
|
|
|
|
|
443.5
|
449.3
|
5.8
|
3.63
|
|
|
|
|
|
|
|
|
*610-17-08
|
infill/step-out
|
610-metre
level
|
424.0
|
406.5
|
415.8
|
9.3
|
5.21
|
|
|
including
|
406.5
|
410.6
|
4.1
|
7.56
|
|
|
|
|
|
|
|
|
*610-17-09
|
infill/step-out
|
610-metre
level
|
404.5
|
no significant
assays
|
|
|
|
|
|
|
|
|
*610-17-10
|
infill/step-out
|
610-metre
level
|
426.0
|
405.7
|
407.5
|
1.8
|
10.51
|
|
|
|
|
415.6
|
418.5
|
2.9
|
5.80
|
|
|
|
|
|
|
|
|
*610-17-11A
|
infill/step-out
|
610-metre
level
|
446.7
|
315.0
|
317.0
|
2.0
|
5.38
|
|
|
|
|
396.0
|
397.9
|
1.9
|
1.33
|
|
|
|
|
|
|
|
|
*610-17-12
|
infill/step-out
|
610-metre
level
|
414.5
|
310.0
|
311.0
|
1.0
|
3.40
|
|
|
|
|
317.0
|
318.0
|
1.0
|
3.63
|
|
|
|
|
383.7
|
384.3
|
0.6
|
7.94
|
|
|
|
|
391.0
|
391.5
|
0.5
|
8.19
|
|
|
|
|
|
|
|
|
*610-17-13
|
infill/step-out
|
610-metre
level
|
435.0
|
306.7
|
307.3
|
0.6
|
6.52
|
|
|
|
|
328.0
|
329.8
|
1.8
|
4.10
|
|
|
|
|
338.0
|
340.0
|
2.0
|
3.42
|
|
|
|
|
361.7
|
362.4
|
0.6
|
4.60
|
|
|
|
|
|
|
|
|
*610-17-15
|
infill/step-out
|
610-metre
level
|
418.5
|
393.0
|
395.0
|
2.0
|
7.30
|
|
|
|
including
|
394.0
|
395.0
|
1.0
|
13.78
|
|
|
|
|
|
|
|
|
*610-17-18
|
infill/step-out
|
610-metre
level
|
480.0
|
327.0
|
330.0
|
2.9
|
6.84
|
|
|
|
including
|
327.6
|
329.2
|
1.5
|
12.34
|
|
|
|
|
336.2
|
337.7
|
1.6
|
5.04
|
|
|
|
|
345.7
|
348.8
|
3.1
|
10.04
|
|
|
|
including
|
345.7
|
347.5
|
1.8
|
16.82
|
|
|
|
|
449.4
|
452.0
|
2.6
|
9.24
|
|
|
|
including
|
450.9
|
452.0
|
1.1
|
11.51
|
|
|
|
|
464.8
|
466.1
|
1.3
|
8.43
|
|
|
|
|
|
|
|
|
*610-17-19
|
infill/step-out
|
610-metre
level
|
477.0
|
333.0
|
336.0
|
3.0
|
7.64
|
|
|
|
including
|
335.0
|
336.0
|
1.0
|
21.99
|
|
|
|
|
366.1
|
369.0
|
2.9
|
5.29
|
|
|
|
including
|
367.5
|
368.3
|
0.8
|
17.32
|
|
|
|
|
440.3
|
448.0
|
7.7
|
14.30
|
|
|
|
including
|
443.2
|
448.0
|
4.8
|
21.43
|
|
|
|
|
|
|
|
|
*610-17-20
|
infill/step-out
|
610-metre
level
|
475.0
|
351.0
|
354.3
|
3.3
|
1.37
|
|
|
|
|
450.7
|
451.4
|
0.7
|
3.73
|
|
|
|
|
453.0
|
454.1
|
1.1
|
3.02
|
|
|
|
|
|
|
|
|
*610-17-21
|
infill/step-out
|
610-metre
level
|
499.0
|
329.5
|
331.0
|
1.5
|
4.60
|
|
|
|
|
343.0
|
345.0
|
2.0
|
3.83
|
|
|
|
|
485.5
|
486.5
|
1.0
|
5.75
|
|
|
|
|
494.0
|
498.0
|
4.0
|
7.24
|
|
|
|
|
|
|
|
|
*610-17-22
|
infill/step-out
|
610-metre
level
|
521.0
|
359.3
|
361.1
|
1.8
|
3.08
|
|
|
|
|
432.2
|
432.9
|
0.8
|
3.44
|
|
|
|
|
485.4
|
487.4
|
2.0
|
3.17
|
|
|
|
|
512.2
|
514.0
|
1.9
|
4.75
|
|
|
|
including
|
512.2
|
513.0
|
0.9
|
9.48
|
|
|
|
|
|
|
|
|
*610-17-23
|
infill/step-out
|
610-metre
level
|
525.0
|
443.9
|
445.0
|
1.1
|
3.20
|
|
|
|
|
449.3
|
451.8
|
2.5
|
18.41
|
|
|
|
including
|
449.7
|
450.9
|
1.2
|
31.14
|
|
|
|
|
|
|
|
|
*610-17-24
|
infill/step-out
|
610-metre
level
|
568.3
|
no significant
assays
|
|
|
|
|
|
|
|
|
*685-17-02
|
infill/step-out
|
685-metre
level
|
378.0
|
322.0
|
324.7
|
2.7
|
6.62
|
|
|
|
including
|
323.2
|
324.7
|
1.5
|
8.91
|
|
|
|
|
328.1
|
328.8
|
0.6
|
5.46
|
|
|
|
|
|
|
|
|
*685-17-03
|
infill/step-out
|
685-metre
level
|
477.0
|
365.3
|
368.0
|
2.7
|
1.72
|
|
|
|
|
|
|
|
|
*685-17-04B
|
infill/step-out
|
685-metre
level
|
405.0
|
85.2
|
88.0
|
2.8
|
8.39
|
|
|
|
including
|
85.2
|
86.2
|
1.0
|
16.89
|
|
|
|
|
133.0
|
134.0
|
1.0
|
13.62
|
|
|
|
|
147.0
|
148.0
|
1.0
|
5.32
|
|
|
|
|
322.0
|
323.7
|
1.8
|
3.25
|
|
|
|
|
358.5
|
361.1
|
2.6
|
9.21
|
|
|
|
including
|
358.5
|
360.0
|
1.6
|
13.83
|
|
|
|
|
|
|
|
|
*685-17-05
|
infill/step-out
|
685-metre
level
|
399.0
|
128.0
|
129.0
|
1.0
|
2.99
|
|
|
|
|
149.0
|
150.0
|
1.0
|
4.30
|
|
|
|
|
198.0
|
199.0
|
1.0
|
8.77
|
|
|
|
|
|
|
|
|
*685-17-06
|
infill/step-out
|
685-metre
level
|
402.0
|
90.0
|
91.4
|
1.3
|
1.79
|
|
|
|
|
102.0
|
103.9
|
1.9
|
2.89
|
|
|
|
|
318.6
|
322.0
|
3.4
|
2.72
|
|
|
|
including
|
319.0
|
320.1
|
1.1
|
5.38
|
Cautionary Statement regarding Forward-Looking Statements
and other Cautionary Notes
This news release contains statements that constitute
"forward-looking statements" and "forward looking information"
(collectively, "forward-looking statements") within the meaning of
applicable Canadian and United
States securities legislation. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "believes", "intends", "may",
"will", "should", "plans", "anticipates", "potential", "expects",
"estimates", "forecasts", "budget", "likely", "goal" and similar
expressions or statements that certain actions, events or results
may or may not be achieved or occur in the future. In some cases,
forward-looking information may be stated in the present tense,
such as in respect of current matters that may be continuing, or
that may have a future impact or effect. Forward-looking statements
reflect our current expectations and assumptions, and are subject
to a number of known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements to be materially different from any anticipated future
results, performance or achievements expressed or implied by the
forward-looking statements. Forward-looking statements include, but
are not limited to statements regarding the focus, activities,
objectives and other details of the 2017 and 2018 Exploration
Programs, the nature of the mineralization in the McFinley Deposit
and plans for future drilling of the Deposit, the anticipated
timing, activities, objectives and other details of the test trial
mining program at the Phoenix Gold Project and the anticipated
timing of the delivery of the NI 43-101 Mineral Resource
Estimate.
Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made and
represent management's best judgment based on facts and assumptions
that management considers reasonable. If such opinions and
estimates prove to be incorrect, actual and future results may be
materially different than expressed in the forward-looking
statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Rubicon to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Such factors include,
among others: possible variations in mineralization, grade or
recovery or throughput rates; uncertainty of mineral resources,
inability to realize exploration potential, mineral grades and
mineral recovery estimates; actual results of current exploration
activities; actual results of reclamation activities; uncertainty
of future operations, delays in completion of exploration plans for
any reason including insufficient capital, delays in permitting,
and labour issues; conclusions of future economic or geological
evaluations; changes in project parameters as plans continue to be
refined; failure of equipment or processes to operate as
anticipated; accidents and other risks of the mining industry;
delays and other risks related to operations; timing and receipt of
regulatory approvals; the ability of Rubicon and other relevant
parties to satisfy regulatory requirements; the ability of Rubicon
to comply with its obligations under material agreements including
financing agreements; the availability of financing for proposed
programs and working capital requirements on reasonable terms; the
ability of third-party service providers to deliver services on
reasonable terms and in a timely manner; risks associated with the
ability to retain key executives and key operating personnel; cost
of environmental expenditures and potential environmental
liabilities; dissatisfaction or disputes with local communities or
First Nations or Aboriginal Communities; failure of plant,
equipment or processes to operate as anticipated; market conditions
and general business, economic, competitive, political and social
conditions; our ability to generate sufficient cash flow from
operations or obtain adequate financing to fund our capital
expenditures and working capital needs and meet our other
obligations; the volatility of our stock price, and the ability of
our common stock to remain listed and traded on the TSX.
Forward-looking statements contained herein are made as of
the date of this news release and Rubicon disclaims any obligation
to update any forward-looking statements, whether as a result of
new information, future events or results or otherwise, except as
required by applicable securities laws. Readers are advised to
carefully review and consider the risk factors identified in the
Company's annual information form dated March 29, 2017 under the heading "Risk Factors"
and in other continuous disclosure documents of the Company filed
at www.sedar.com for a discussion of the factors that could cause
Rubicon's actual results, performance and achievements to be
materially different from any anticipated future results,
performance or achievements expressed or implied by the
forward-looking statements. Readers are further cautioned that the
foregoing list of assumptions and risk factors is not exhaustive
and it is recommended that prospective investors consult the more
complete discussion of Rubicon's business, financial condition and
prospects that is included in this news release. The
forward-looking statements contained herein are expressly qualified
by this cautionary statement.
SOURCE Rubicon Minerals Corporation