Rubicon Minerals honoured with 'Developer of the Year' award in Ontario

Rubicon Minerals Corporation (RMX.TSX: RBY.NYSE-AMEX) has received the Northwestern Ontario Developer of the Year award, which recognized it as “an outstanding northwestern Ontario developer or development project during the previous calendar year.”

The award was presented by the Northwest Ontario Prospectors Association (NWOPA) at a recent ceremony in Thunder Bay, Ontario.

“We are honoured to have received this award from NWOPA which recognizes the collective efforts and achievements of our staff at the Phoenix Project in Red Lake, Ontario. The discovery process requires determination, persistence and the dedication of many to overcome the long odds of finding a mineral deposit. I am pleased to accept this award on behalf of all of those people,” said president and chief executive of Rubicon David Adamson.

Rubicon is focused on gold exploration in what it calls politically safe jurisdictions with high geological potential.

Rubicon controls over 65,000 acres of exploration ground in the Red Lake gold district of Ontario which hosts Goldcorp's (TSX: G, NYSE: GG) high-grade Red Lake Mine. In addition to its Red Lake holdings, Rubicon also controls over 380,000 acres surrounding the Pogo Mine in Alaska as well as 225,000 acres in northeast Nevada.

The company has recently reported the completion of the extension of the Phoenix shaft to allow underground development work at the F2 Gold Zone, Phoenix Gold project at Red Lake. Results to date have revealed bonanza grades near to surface and just a few hundred metres from an existing shaft, unused tailing facility and partly built mill.

http://www.proactiveinvestors.com.au/companies/news/6347/rubicon-minerals-honoured-with-developer-of-the-year-award-in-ontario-6347.html