Hi Hotfire,
I had a quick look back into Rubicon's previous announcements and saw the following from its 22nd August announcement: I am only guessing that any increase in the share price is a result of RBR's gold exploration rather than its copper at this time.
Rubicon Resources Limited has recently completed a rotary air blast (RAB) and aircore drill
program and a follow up reverse circulation (RC) drill program is in progress on tenements
adjacent to the Salt Creek Gold deposit. The 400,000 ounce Salt Creek deposit is located 65
kilometres southeast of Kalgoorlie and was recently discovered by a competitor adjacent to
tenements at Mt Monger that form part of Rubicon’s Yindarlgooda project.
A program of 203 holes for 8,095 metres tested the Salt Creek North, Red Dale North and
Hickmans Find prospects, which are located on the northern extension of the major
structural zone that hosts the Salt Creek deposit to the south and the Tiger Lily prospect,
where Rubicon has previously announced an intersection of 1m @ 19.8g/t gold (Figure 1).
RAB/aircore drilling has also been extended south along the Tiger Lily structure. An initial
program of approximately 20 RC holes to follow up on these anomalous zones IS IN PROGRESS.
At Tiger Lily, a consistent strongly anomalous zone over a strike of some 400 metres with
peak values of 1m @ 19.8g/t (previously reported), 4m @ 1.18g/t, 4m @ 1.11g/t and 4m @
1.07g/t gold occurs in bedrock beneath a paleochannel. This anomalism is coincident with
an interpreted shear zone and strongly sheared ultramafic rocks associated with vein quartz
has been recorded in the drilling. Results from aircore drilling of the southern continuation
of this structure are yet to be received. RC drill testing of the core of the anomaly along
the structural zone is in progress.
Additional RC drilling will also test previously reported soil anomalies along strike to the
east of the Salt Creek deposit at the Salt Creek East Prospect in this program (Figure 1).
A detailed airborne magnetic survey will commence in September to further define the
mineralisation-controlling structures at Mt Monger.
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