Rubicon Minerals Announces Grid Power Connection to Phoenix Gold Project, Red Lake Ontario
Rubicon Minerals Corporation (TSX: RMX, NYSE-AMEX: RBY) (the ?Company?) is pleased to announce that it has turned on its first grid power allocation (up to 5.3MW) from Hydro One today at the Phoenix Gold Project. The Company has completed its power line connection and infrastructure, and has obtained the requisite approvals and agreements from adjacent surface rights holders.
?Accessing grid power represents a major milestone in the further development of the Phoenix Gold Project. Hydro-electric grid power will now replace and increase our power capabilities compared to existing diesel power, giving us significant cost savings and enabling us to use environmentally friendly, cleaner power. The ability to readily access grid power underscores the advantage of the project being situated in the heart of the established Red Lake gold district? said Claude Bouchard, VP Operations.
Rubicon Minerals Corporation is an exploration and development company focused on developing its high-grade gold discovery at its Phoenix Gold Project in Red Lake, Ontario. Rubicon controls over 100 square miles of prime exploration ground in the prolific Red Lake gold district of Ontario which hosts Goldcorp's high-grade, world class Red Lake Mine.
RUBICON MINERALS CORPORATION "David W. Adamson" President & CEO
Rubicon Min. is a gold exploration company based in Canada.
Rubicon Min. holds various exploration projects in Canada.
Its main exploration properties are RED LAKE MCCUAIG, RED LAKE EAST BAY, RED LAKE NORTH, MCCUAIG, RED LAKE SLATE BAY, RED LAKE DMC, RED LAKE ADAMS LAKE, RED LAKE HUMLIN and RED LAKE PHOENIX GOLD in Canada.
Its stock quote reached its highest recent level on December 03, 2010 at US$ 6.34, and its lowest recent point on January 11, 2016 at US$ 0.03.
Rubicon Min. has 65 719 527 shares outstanding.