Vancouver —
The junior has advanced a total of 15 projects to the drill-ready stage.
Among the company’s joint-venture partners is
At the Sidace Lake project, diamond drilling will test two claims that are next door to a property jointly held by Goldcorp and
On the East Bay trend, partner
At its wholly owned McFinley gold project, Rubicon intends to drill at least 5,000 metres to test ultramafic-associated gold targets. The company will follow up on encouraging drill intercepts from the winter of 2002, including 65.8 grams gold per tonne over 0.67 metre, 36.17 grams gold over 1.25 metres, and 9.7 grams gold over 1.62 metres at the MAC-3 target. These higher-grade intervals are associated with broad, lower-grade mineralized sections, such as 1.75 grams gold over 14 metres and 1.36 grams gold over 54.69 metres.
At the west end of the Red Lake camp,
Rubicon says an additional 3,000 metres of drilling are planned for several other targets in the Red Lake area. Altogether, Rubicon says 20,000 metres of diamond drilling will be carried out in the first two quarters of 2004.
In Newfoundland, Rubicon and its partners intend to drill at least 15,700 metres. Placer Dome, at the extensive Golden Promise project, intends to follow up on encouraging results from the Jaclyn vein zone and other vein targets. The major is required to spend $800,000 in 2004 as part of its 4-year, $5-million earn-in for a 55% interest and has indicated plans to drill early in 2004.
Other Newfoundland projects ready to be drilled include New World and H-Pond.
Another partner,
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