TORONTO, ONTARIO--(Marketwired - Nov 3, 2015) - Rubicon Minerals Corporation (RMX.TO)(NYSE MKT:RBY) ("Rubicon" or the "Company") today announced it is moving to suspend underground activities at the Phoenix Gold Project (the "Project") while it enhances its geological model of the F2 Gold Deposit and develops a project implementation plan.
"We believe in the potential of the Phoenix Gold Project," said Michael Winship, interim President and Chief Executive Officer of Rubicon. "We have high-grade gold mineralization with extensive infrastructure, in one of the top producing gold camps in the world. Similar to other high-grade, narrow-vein, underground gold deposits, the geology can be quite challenging and requires additional analysis to be fully understood. During the trial stoping period, we have discovered that the F2 Gold Deposit is much more geologically complex compared to our understanding of it from historical drilling." continues here