Quantcast

Rubicon Minerals Updates ’9X’ Drill Results From the F2 Gold System, Phoenix Gold Project, Red Lake, Ontario

May 12, 2011

-Results include 48.3 g/t gold over 4.0 metres (1.41 oz/ton gold over 13.1 feet) and
21.5 g/t gold over 3.0 metres (0.63 oz/ton gold over 9.8 feet)-

TSX:RMX | NYSE AMEX:RBY

TORONTO, May 12 /PRNewswire/ – Rubicon Minerals Corporation (TSX: RMX) (NYSE: RBY) (AMEX: RBY) is pleased to provide an update on
its underground ’9X’ exploration drill program being carried out on the
F2 Gold System, at its 100%-owned Phoenix Gold Project located in the
heart of the prolific Red Lake Gold District of Ontario. The ’9X’
exploration program is designed to test new targets, at nominal drill
spacing of approximately 100 metres, beyond the limits of current
delineation drilling (Figures 1 and 2). These results form part of an
ongoing 40,000 metre program of which approximately 10,000 metres
remain to be completed.

The F2 Core Zone between 200 metres and 400 metres below surface is the
subject of ongoing delineation drilling. Results from the delineation
drilling program, which is designed to test the core part of the F2
Gold System at 7.5-15 metre drill spacing are reported separately (see
news release dated April 11, 2011 for the most recent update on the
delineation drilling program).  Results of the current ’9X’ drilling
program are provided in Table 1 and results are portrayed on plan and
composite section in Figures 1 and 2, and the Zones identified to date
are outlined on plan view in Figure 3.

Northwest Extension (Target Areas 4, 6 and 9)

Several underground drill holes have tested the northwest extension of
the F2 Gold System between 400 metres to 500 metres below surface in
target area 4 at the boundary of target area 1 in Figure 2. These holes
typically contain multiple intercepts (Table 1) and confirm the
presence of significant gold mineralization in this area including:

        --  37.4 g/t gold over 3.0 metres (1.09 oz/ton gold over 9.8 feet)
            in drill hole 305-83, part of a wider intercept grading 9.8 g/t
            gold over 13.7 metres (0.29 oz/ton gold over 44.9 feet).
        --  21.5 g/t gold over 3.0 metres (0.63 oz/ton gold over 9.8 feet)
            in drill hole 305-79 and 120.6 g/t gold over 1.0 metres (3.52
            oz/ton gold over 3.3 feet) in the same drill hole.

Results from this area are interpreted to be the extension of the West
Limb mineralization (Figure 3), which has been drilled in more detail
along strike to the southwest at shallower levels (Figure 1 and 2).
These positive results justify considerable additional drilling in the
northwest area to continue to infill target area 4. They may also point
to further potential to depth in target area 6 where only minimal
drilling has been carried out to date. Exploration in both areas would
be facilitated by extending current underground access, which will form
part of future plans on the project.

Drilling below the F2 Core Zone (Lower portion of Target Area 1 and
Target Areas 2 and 7)

The ’9X’ exploration drilling carried out below the F2 Core Zone to
depths of approximately 600 metres continue to return significant gold
intercepts. Holes drilled in this area also typically contain multiple
intercepts of high-grade and broader lower grade gold mineralization
including:

        --  48.3 g/t gold over 4.0 metres (1.41 oz/ton gold over 13.1 feet)
            in drill hole 305-56. This intercept is interpreted to be the
            extension to depth of the WLB2 zone.  These latest results,
            combined with other previous drilling below 400 metres, suggest
            good potential for the continuation of the WLB2 zone to depth
            (Figure 2 and 3).
        --  34.5 g/t gold over 2.0 metres (1.01 oz/ton gold over 6.6 feet)
            in drill hole 305-75 below, and south of, the F2 Core Zone.
            This intercept is part of a wider zone grading 10.0 g/t gold
            over 8.0 metres (0.29 oz/ton gold over 26.2 feet). There is
            considered to be good potential for additional gold
            mineralization in this area.

Crown Zone (Upper portion of Target Area 1)

The Crown Zone is interpreted to be the up-plunge continuation of the F2
Core Zone. The highlight of new drilling in this area is drill hole
305-61 which intercepted 47.1 g/t gold over 4.5 metres (1.37 oz/ton gold over 14.8 feet) only 181 metres below surface (Figure 2). This intercept is 40 metres
below a previous intercept (F2-57) of 68.8 g/t gold over 4.0 metres
(2.0 oz/ton gold over 13.1 feet).  The Crown Zone is a key target area
for future delineation drilling.

Hanging Wall Intercepts (Target Areas 3, 5 and 8)

Several drill holes encountered high-grade gold within hanging wall
basalts west of and stratigraphically well above (hanging wall to) the
main F2 target corridor (defined by the Titan24 chargeability anomaly
outline in Figure 1 and 3). These include 115.4 g/t gold over 1.0 metre (3.37 oz/ton gold over 3.3 feet) in drill hole 305-70 and 117.5 g/t gold over 1.0 metre (3.43 oz/ton gold over 3.3 feet) in drill hole 305-81. Given the proximity of these intercepts to the
existing shaft, follow-up drilling with the objective of further
defining zones identified to date in this area is warranted.

“We have two main objectives for our 9X drilling.  First, we aim to
identify new areas for follow up delineation drilling generally between
0 and 500 metres below surface and, second, we aim to continue to
expand the gold system beyond its known limits. These latest results
deliver on both counts. They provide support for the continuation to
depth of gold mineralization beyond the current area of delineation and
help identify areas for future delineation drilling. Also, in target
area 4, recent intercepts point to new potential to depth in the
northern part of the F2 Gold System. New, high-grade gold intercepts
well outside of our main target corridor are encouraging indications
that, where the right rocks and structures exist, new gold
mineralization may be present.” stated David Adamson, President and
CEO.

Rubicon Minerals Corporation is an exploration and development company
focused on developing its high-grade gold discovery at its Phoenix
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

     _________________________________________________________________
    |                                Table 1:  AssayResults           |
    |_________________________________________________________________|
    |Hole     |         |Gold |Width (m)|   Gold |Width (ft)|9X Target|
    |         |Elevation|(g/t)|         |(oz/ton)|          |  Area   |
    |_________|_________|_____|_________|________|__________|_________|
    |305-53   |   1028  |  3.1|      7.0|    0.09|      23.0|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-53   |   1089  |  6.7|      7.0|    0.20|      23.0|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|   1088  | 30.6|      0.8|    0.89|       2.6|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-54   |    270  |  5.8|      2.0|    0.17|       6.6|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-54   |    266  |  3.9|     18.0|    0.11|      59.0|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    266  | 10.0|      3.0|    0.29|       9.8|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-54   |    239  |  3.0|      8.2|    0.09|      26.9|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-55A  |    241  |  9.2|      6.3|    0.27|      20.7|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    242  | 72.2|      0.6|    2.11|       2.0|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |And Incl.|    239  | 14.6|      0.7|    0.43|       2.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-55A  |    193  |  3.5|      4.0|    0.10|      13.1|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    193  | 10.2|      1.0|    0.30|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-55A  |    140  |  5.4|      2.0|    0.16|       6.6|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-56   |    531  | 48.3|      4.0|    1.41|      13.1|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    532  |179.2|      1.0|    5.23|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-56   |    538  |  3.4|      3.0|    0.10|       9.8|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-57   |    463  |  3.7|      2.9|    0.11|       9.5|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-57   |    470  |  9.1|      1.2|    0.27|       3.9|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-57   |    528  |  3.9|      3.9|    0.11|      12.8|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    527  | 12.1|      0.9|    0.35|       3.0|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-58   |    613  | 17.8|      4.0|    0.52|      13.1|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    612  | 39.9|      1.3|    1.16|       4.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |And Incl.|    613  | 24.4|      0.6|    0.71|       2.0|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-59   |    460  | 19.7|      1.0|    0.57|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-60   |    670  |  3.6|      3.2|    0.11|      10.5|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-61   |    213  | 11.8|      1.0|    0.34|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-61   |    181  | 47.1|      4.5|    1.37|      14.8|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    180  |403.5|      0.5|   11.77|       1.6|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-62   |                                  Anomalous            |
    |_________|_______________________________________________________|
    |305-63   |                                  Anomalous            |
    |_________|_______________________________________________________|
    |305-64   |                                  Anomalous            |
    |_________|_______________________________________________________|
    |305-65   |    268  |  6.2|      7.0|    0.18|      23.0|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    268  | 14.5|      2.0|    0.42|       6.6|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    268  | 25.6|      1.0|    0.75|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-66   |    428  |  3.3|      3.0|    0.10|       9.8|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-66   |    538  | 15.1|      2.7|    0.44|       8.9|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    538  | 75.4|      0.5|    2.20|       1.6|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-67   |    320  |  3.9|      7.0|    0.11|      23.0|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    320  | 16.9|      1.0|    0.49|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-68   |                                  Anomalous            |
    |_________|_______________________________________________________|
    |305-69   |                                  Anomalous            |
    |_________|_______________________________________________________|
    |305-70   |    476  |115.4|      1.0|    3.37|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-71   |    410  | 11.1|      3.0|    0.32|       9.8|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    410  | 53.4|      0.5|    1.56|       1.6|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-71   |    425  |  6.4|     12.0|    0.19|      39.4|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    423  | 10.4|      3.2|    0.30|      10.5|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-72   |    487  |125.3|      0.5|    3.65|       1.6|      4  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-73   |    586  |  5.8|      5.0|    0.17|      16.4|      2  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    587  | 25.6|      1.0|    0.75|       3.3|      2  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-73   |    742  |  3.4|      5.0|    0.10|      16.4|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-73   |    754  |  3.1|     15.0|    0.09|      49.2|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    749  | 18.9|      1.0|    0.55|       3.3|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-73   |    775  |  5.8|     17.0|    0.17|      55.8|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    772  | 10.8|      3.0|    0.32|       9.8|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |And Incl.|    779  | 11.1|      4.0|    0.32|      13.1|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-74   |    507  |  4.5|      7.0|    0.13|      23.0|      4  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-74   |    513  |  3.9|      8.0|    0.11|      26.2|      4  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-75   |    472  | 10.6|      3.0|    0.31|       9.8|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-75   |    483  | 10.0|      8.0|    0.29|      26.2|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    483  | 34.5|      2.0|    1.01|       6.6|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-75   |    499  | 21.2|      0.5|    0.62|       1.6|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-75   |    541  |  3.2|      7.0|    0.09|      23.0|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    539  | 13.6|      1.0|    0.40|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-75   |    579  | 20.4|      0.6|    0.60|       2.0|      2  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-75   |    676  |  3.0|      9.4|    0.09|      30.8|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-75   |    698  |  3.4|      8.0|    0.10|      26.2|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    698  | 10.3|      1.0|    0.30|       3.3|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-76   |    785  |  3.6|      4.1|    0.11|      13.4|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-77   |    452  |  3.0|      3.5|    0.09|      11.5|      4  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-77   |    455  |  4.2|      9.0|    0.12|      29.5|      4  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    456  | 21.7|      1.0|    0.63|       3.3|      4  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-78   |    401  |  5.3|      3.0|    0.15|       9.8|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-78   |    406  |  3.2|     11.1|    0.09|      36.4|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-78   |    444  |  6.2|     11.0|    0.18|      36.1|      3  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    444  | 11.9|      3.0|    0.35|       9.8|      3  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-79   |    399  |  7.4|      2.0|    0.22|       6.6|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    399  | 13.4|      1.0|    0.39|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-79   |    432  |120.6|      1.0|    3.52|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-79   |    496  | 12.2|      1.0|    0.36|       3.3|      4  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-79   |    500  | 21.5|      3.0|    0.63|       9.8|      4  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    501  | 73.9|      0.8|    2.16|       2.6|      4  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-79   |    577  |  3.5|      3.0|    0.10|       9.8|      6  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-80   |                                  Anomalous            |
    |_________|_______________________________________________________|
    |305-81   |    421  |117.5|      1.0|    3.43|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-82   |    513  |  6.9|      4.0|    0.20|      13.1|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    513  | 16.2|      1.0|    0.47|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-82   |    598  |  5.3|      2.0|    0.15|       6.6|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-82   |    607  |  4.6|     11.0|    0.13|      36.1|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    607  | 10.0|      2.0|    0.29|       6.6|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-82   |    637  | 21.6|      3.1|    0.63|      10.2|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-82   |    651  |  4.4|      2.5|    0.13|       8.2|      5  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-83   |    490  |  9.8|     13.7|    0.29|      44.9|      4  |
    |_________|_________|_____|_________|________|__________|_________|
    |    Incl.|    492  | 37.4|      3.0|    1.09|       9.8|      4  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-84   |    463  |  3.4|      3.0|    0.10|       9.8|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-84   |    469  |  6.3|      2.1|    0.18|       6.9|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-84   |    491  | 30.6|      1.1|    0.89|       3.6|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-84   |    498  | 13.6|      1.0|    0.40|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-84   |    519  |  4.1|      3.0|    0.12|       9.8|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-85   |    236  |  4.4|      5.0|    0.13|      16.4|      1  |
    |_________|_________|_____|_________|________|__________|_________|
    |305-85   |    230  | 18.0|      1.0|    0.53|       3.3|      1  |
    |_________|_________|_____|_________|________|__________|_________|

Holes with the prefix ’305′ were drilled from underground. Assays are
uncut. Reported results satisfy the following criteria: >10.0 gram gold
x metre product and >3.0 g/t gold. Anomalous holes satisfy the
following criteria:  >2.5 gram gold x metre product and < 10.0 gram
gold x metre product and > 2 g/t gold. A complete listing of results to
date for the F2 Zone is available at www.rubiconminerals.com

Figure 1: F2 Gold System Plan Map

http://files.newswire.ca/617/Gold_System_Figure_1.pdf

Holes with the prefix ’305′ were drilled from underground. Assays are
uncut. Reported results satisfy the following criteria: >10.0 gram gold
x metre product and >3.0 g/t gold. Anomalous holes satisfy the
following criteria:  >2.5 gram gold x metre product and < 10.0 gram
gold x metre product and > 2 g/t gold. A complete listing of results to
date for the F2 Zone is available at www.rubiconminerals.com

Figure 2:  Composite Long Section Looking Northwest and 9X Target
Outlines

http://files.newswire.ca/617/Composite_Long_Figure_2.pdf

Holes with the prefix ’305′ were drilled from underground. Assays are
uncut. Reported results satisfy the following criteria: >10.0 gram gold
x metre product and >3.0 g/t gold. Anomalous holes satisfy the
following criteria:  >2.5 gram gold x metre product and < 10.0 gram
gold x metre product and > 2 g/t gold. A complete listing of results to
date for the F2 Zone is available at www.rubiconminerals.com

Figure 3:  F2 Gold System Plan Map with Zone Outlines

http://files.newswire.ca/617/Gold_System_Figure_3.pdf

Holes with the prefix ’305′ were drilled from underground. Assays are
uncut. Reported results satisfy the following criteria: >10.0 gram gold
x metre product and >3.0 g/t gold. Anomalous holes satisfy the
following criteria:  >2.5 gram gold x metre product and < 10.0 gram
gold x metre product and > 2 g/t gold. A complete listing of results to
date for the F2 Zone is available at www.rubiconminerals.com

Assaying and Qualified Person
Assays were conducted on sawn NQ-sized half core sections. Unless
stated, reported intercept widths are core lengths. Further drilling is
required in such cases before the true widths
of reported intercepts can be determined. The saw blade is routinely
cleaned between samples when visible gold is noted during logging and
sampling of the drill core. Assays were conducted by SGS Minerals
Services using standard fire assay on a 50 gram (1 assay ton) sample
with a gravimetric finish procedure. Assays are uncut as is standard
practice in Red Lake. Standards, blanks and check assays were included
at regular intervals in each sample batch. Check assays on 5% of
samples are carried out at a third party independent laboratory. Gold
standards were prepared by CDN Resource Laboratories Ltd. Work programs
in this release were supervised by Terry Bursey, P.Geo. Regional
Manager for Rubicon and the project Qualified Person under the
definition of NI 43-101.

Forward Looking Statements
This news release contains statements that constitute “forward-looking
statements” within the meaning of Section 21E of the United States
Securities Exchange Act of 1934 and
“forward looking information” within the meaning of applicable Canadian
provincial securities legislation (collectively, “forward-looking sta
tements”) . Forward-looking statements often, but not always, are
identified by the use of words such as “seek”, “anticipate”, “believe”,
“plan”, “estimate”, “expect”, “targeting” and “intend” and statements
that an event or result “may”, “will”, “would”, “should”, “could”, or
“might” occur or be achieved and other similar expressions.
Forward-looking statements in this document include statements
regarding the timing and nature of future exploration programs which
are dependent on projections which may change as drilling continues, or
if unexpected ground conditions are encountered. In addition, areas of
exploration potential are identified which will require substantial
drilling to determine whether or not they contain similar
mineralization to areas which have been explored in more detail. The
description of the extent of mineralized zones is not intended to imply
that any economically mineable estimate of reserves or resources exists
on the Phoenix project. Similarly, although geological features of the
F2 Gold System are interpreted to show similarities to nearby gold
producing mines owned by third parties, this should not be interpreted
to mean that the F2Gold System has, or that it will, generate similar
reserves or resources. Significant additional drilling is required at
F2 to fully understand system size. The forward-looking statements that
are contained in this news release are based on various assumptions and
estimates by the Company and involve a number of risks and
uncertainties. As a consequence, actual results might differ materially
from results forecast or suggested in these forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors that may cause the actual
results, performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Factors that
could cause the actual results to differ include market prices, results
of exploration, availability of capital and financing on acceptable
terms, inability to obtain required regulatory approvals, unanticipated
difficulties or costs in any rehabilitation which may be necessary,
market conditions and general business, economic, competitive,
political and social conditions. These statements are based on a number
of assumptions, including assumptions regarding general market
conditions, timing and receipt of regulatory approvals, the ability of
the Company and other relevant parties to satisfy regulatory
requirements, the availability of financing for proposed transactions
and programs on reasonable terms and the ability of third-party service
providers to deliver services in a timely manner. Although the Company
has attempted to identify important factors that could cause actual
results to differ materially from those expressed or implied in
forward-looking statements, there may be other factors which cause
actual results to differ. Forward-looking statements contained herein
are made as of the date of this news release and the Company disclaims
any obligation to update any forward-looking statements, whether as a
result of new information, future events or results or otherwise,
except as required by applicable securities laws. There can be no
assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements.

The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

SOURCE Rubicon Minerals Corporation


Source: newswire



comments powered by Disqus