Red Lake developer to release gold mine plan this year.
| Date | 01 August 2019 |
Rubicon Minerals is delaying the release of a new preliminary economic assessment (PEA) on its Phoenix Gold Project, near Red Lake, to later in the year.
The Toronto mine developer wants to put more meat on the bone by pushing back the tentative release date from the second quarter to the third quarter in order to incorporate all the data from last year's 35,000-tonne trial mining and bulk sampling program.
Their consultants working on the PEA will incorporate all the projected capital and operating costs, all the latest operating metrics, and the economic forecast for the mine.
In a June 25 news release, the company said it believes they can bring the shuttered mine...
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