Seeking Alpha

Rubicon Minerals +5.2% on initial infill drilling program results

  • Rubicon Minerals (RBY) +5.2% premarket after reporting results for its infill drilling program continue to increase confidence in the F2 deposit at the Phoenix gold project in Ontario.
  • RBY says it plans to complete 38K meters of infill drilling in 2014, with the primary purpose of converting inferred mineral resource ounces to the drill indicated category; RBY says it has completed 39 holes for 7,047 meters of drilling from the program as of May 31.
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