Rubicon Minerals (RBY) Issues Update on Canadian Mining Project
Rubicon Minerals Corp. issued an operational update on its mining activities in Canada, where the company is exploring and developing gold resources. Rubicon Minerals has an active exploration and development program at the Phoenix Gold Project located in Red Lake, Ontario. The company is currently progressing on a $55 million drilling program at the property. The program is expected to last twelve months and result in production from the Phoenix Gold Project in the fourth quarter of 2013. Rubicon Minerals has completed various infrastructure projects at the site to enable future production. These projects include a grid power and hoist…