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Rubicon management provide update on Phoenix Gold project

Published: February 14, 2018

BY JENNIFER PARSONS

The Phoenix Gold Project, located north of Cochenour, is on track for exploration and test mining in 2018 says the company’s top executive.

 

Presenting to a local crowd on Feb. 7 President and Chief Executive Officer George Ogilvie called the year past “successful” and outlined plans for the company and the local project for the next 12 months. 

Ogilvie says all suspension orders were satisfied and removed over a year ago and notes the company has been in “full compliance in the last 14 months since I came on board to the project” in respect to environmental regulations, standards, rules, and procedures.

The project, which currently employs more than 60 people, will continue in the exploration phase this year and will experience a further 10,000m of infill drilling between 305 level and 610 to 685 level.

Additionally Ogilvie says that 15,000-25,000 tonnes of test mining between 122 and 244 levels is planned from 4,000m of bazooka drilling at the stope faces.

“We have contended to advance our understanding of the F2 gold deposit and last year in late November or December we started up lateral development underground into the mineralized zones. I think as of today we have around 300 metres actually developed over the course of the last two months…In general the results that we are seeing are actually better than what was there previously.”

Ogilvie says it is too early to draw conclusions based on the updated modelling and structural interpretation work that is ongoing.

“The key thing for us will be, before the end of this year we want to put out a 43-101 that is more factual and credible.” He adds,

“My vision for the company really, first and foremost, is to try and get the Phoenix Gold Project back into a production scenario where over the next three years or so we could put Phoenix back into commercial production.”

 

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