Rubicon Minerals (TSE:RMX) (AMEX:RBY) reported Wednesday final high grade drill results from its 27,000 metre delineation program on the F2 Core Zone, part of the Phoenix gold project in the Red Lake district of Ontario.
The drill program was designed to infill an area 100 metres above and below the 305 metre level, over a strike length of 150 metres. 264 holes were drilled from three underground drill stations for a total of more than 35,000 metres.
"The delineation program has been very successful in confirming the continuity of the mineralization in this part of the F2 Gold system," said president and CEO David Adamson.
"We plan to apply this approach to other shallow parts of the F2 Gold System, most obviously above and below the current delineation area with the objective of upgrading our current inferred resources in these areas."
Highlights of the final holes included 36.4 g/t gold over 4.1 metres in hole D305-04-69; 148.1 g/t gold over 3.5 metres in hole D305-04-93; 22.5 g/t gold over 5.1 metres in hole D305-06-072; and 15.4 g/t gold over 6.1 metres in hole D305-05-88.
Concurrently, the company is also operating a 9X exploration drilling program, which is continuing to expand and infill the F2 gold system.
Rubicon controls over 100 square miles of exploration ground in the prolific Red Lake gold district of Ontario, which hosts Goldcorp's high-grade Red Lake Mine.