| Risk and valuation analysis of the Red Lake Phoenix Gold Project |
| Status Risk : Early discovery |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Title(s) of the Red Lake Phoenix Gold Project |
 | Rubicon Minerals Corp.
Owner: 100% |
 | | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
| Rubicon purchased 16 patented claims (Land Portion) from DGC in July 2002 for $500,000 ($425,000 paid as of
December 31, 2002 and $75,000 paid prior to June 2003) and issue 500,000 shares (issued). The Company is also to
issue to the vendor 100,000 more... |
|
|
|
| Location of the Red Lake Phoenix Gold Project |
|
The McFinley Property is located in Bateman Township in the Red Lake District in Northwestern Ontario,
approximately six kilometres north of the operating Campbell and Red Lake Mines. It is accessible by an 8 km all
weather, gravel road from the town of Cochenour.
|
| |
| History of the Red Lake Phoenix Gold Project |
|
The Property was initially staked and owned by McCallum Red Lake Mines Ltd. in 1922. Ownership was registered
in the name of McFinley Red Lake Gold Mines Ltd. during the period 1944 to 1974. In 1974 Sabina Industries Ltd.
earned a 60% interest in t more...
|
| |
| Geology of the Red Lake Phoenix Gold Project |
|
|
The McFinley Property is underlain by a NNE-trending, west-dipping belt of deformed and intermixed
metasediments, basaltic volcanics and ultramafic rocks which define the “East Bay Trend”. The rocks are Archean
in age and part of the Balmer Sequenc more...
|
| |
|
|
