EXPLORATION ROUNDUP — Rubicon focuses on Canadian prospects

Newly listed Rubicon Minerals (RMX-V) has assembled a portfolio of 17 base metal and gold properties in Canada, three of which will be drill-tested early next year.

The land package includes properties in the Red Lake and Timmins camps of Ontario. The junior also holds ground in northeastern Newfoundland, where the targets are large-tonnage volcanogenic massive sulphide deposits.

During the past two years, the junior and partner, Northstar Exploration (a junior founded by Eric Friedland), have spent $5 million exploring their 1.5-million acre land position in southern Baffin Island, N.W.T.

Rubicon President Garfield MacVeigh notes that the project area is underlain by extensive mafic-to-ultramafic bodies. Preliminary drilling of three of these bodies has intersected up to 26 metres of anomalous nickel-bearing semi-massive-to-massive mineralization.

Rubicon’s management team includes well-known geologists, including MacVeigh, David Adamson and Michael Gray, who previously worked together at Lac Minerals. Other geologist-directors include Craig Nelsen (also previously with Lac) and Douglas Forester.