28 May 2010drilling result▲ GoodMajor
Hole 305-05, the first test from the underground 305 m level across the F2 core zone, returned 1.24 oz/ton gold over 22.5 feet; drifting to reach the core zone began.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 May 2010drilling result▲ Good
Further intercepts including 0.53 oz/ton gold over 18.0 feet.
13 Apr 2010drilling result▲ Good
More high-grade results from the central and northern F2 area, with seven rigs turning.
15 Mar 2010drilling result▲ Good
A hit 300 m below the recent 122-40 intercept, with the company saying its level-plan interpretation showed a large system with geological continuity. Continuity is precisely the property the 2016 remodelling found the deposit did not have.
4 Feb 2010drilling result▲ Good
New intercepts at 1,328 m vertical depth in the F2 main core area.
23 Nov 2009drilling result▲ Good
Further expansion of F2, with 91,100 m drilled since the February 2008 discovery.
17 Nov 2009drilling progress report▲ GoodMajor
Outlined a C$60m Phase II programme for 2010, expanding the 9X exploration drilling and adding delineation drilling.
13 Nov 2009capital raising announcement▲ GoodMajor
Closed at C$86.3m with the over-allotment in full: 18,975,000 shares at C$4.55.
What it means for a shareholder
19.0m new shares at C$4.55 to raise about C$86.3m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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26 Oct 2009capital raising announcement▲ GoodMajor
Announced a C$75.1m bought deal at C$4.55 a share - the highest price Rubicon raised at in the whole record, before any resource estimate had been published.
26 Oct 2009drilling result▲ Good
More expansion of the F2 system, with 83,500 m of drilling completed to date.
19 Oct 2009resource reserve update● Neutral
An amended version of the October 2009 technical report, filed five days later.
14 Oct 2009resource reserve update● Neutral
Technical report on the Phoenix exploration work by Robert Thomas and Watt Griffis and McOuat, filed October 2009. No resource estimate yet - the first one is fourteen months away.
15 Sept 2009drilling result▲ Good
Hole 122-10, collared underground, returned 0.83 oz/ton gold over 59.0 feet with sections of 3.25 and 3.82 oz/ton - a wide intercept rather than the narrow veins reported until then.
2 Sept 2009drilling result▲ Good
Five rigs turning, three on surface and two underground on the 122 m level.
27 July 2009drilling result▲ Good
Shaft extension under way and property-wide drilling expanded by up to 20,000 m to test other Phoenix targets.
11 June 2009drilling result▲ Good
Started underground drilling at F2, and a lower-grade hit 1,437 m below surface pointed to more depth potential.
28 Apr 2009drilling result▲ Good
Ice-based drilling returned wide zones including 0.36 oz/ton gold over 98.4 feet alongside the usual narrow high-grade hits.
1 Apr 2009drilling progress report▲ GoodMajor
The board approved an expanded 12-month, C$25m programme of at least 80,000 m of drilling, testing an area six times the size of the F2 core zone.
25 Mar 2009drilling result▲ Good
Continued high-grade results at F2: 68.8 g/t over 4.0 m including 368.9 g/t over 0.5 m.
10 Mar 2009capital raising announcement▲ GoodMajor
Closed a C$40.0m bought deal: 25,000,000 shares at C$1.60, for exploration and development at Phoenix.
What it means for a shareholder
25.0m new shares at C$1.60 to raise about C$40.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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4 Mar 2009drilling progress report▲ GoodMajor
Received the permits to start underground advanced exploration under the approved closure plan, with shaft dewatering and rehabilitation due to finish by the end of March. The move from drilling to physical underground access.
11 Feb 2009drilling result▲ Good
New high-grade gold north-east of the known zone, including 173.7 g/t over 2.5 m.
23 Jan 2009resource reserve update● Neutral
Qualified person's consent for the November 2008 technical report on the Phoenix exploration work.
20 Jan 2009drilling result▲ Good
A new broad gold zone extended F2 to 580 m laterally by 1,101 m vertically.
17 Dec 2008drilling result▲ Good
Step-out drilling from barge and land, and a 2009 programme of at least 120,000 feet of surface and underground drilling.
19 Nov 2008capital raising announcement▲ Good
Closed brokered and non-brokered placements for C$10.2m: 4.5 million flow-through shares at C$1.35 and 3,296,300 common shares at C$1.10.
What it means for a shareholder
3.3m new shares at C$1.10 to raise about C$3.6m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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10 Nov 2008capital raising announcement● Neutral
Agreed a best-efforts placement of up to 4.5 million flow-through shares at C$1.35 and up to 5.5 million common shares, announced at the end of October 2008 in the middle of the financial crisis.
6 Nov 2008drilling result▲ Good
Hit gold 1,101 m below surface, 237 m vertically below the previous deepest intercept - the first sign that the system runs far deeper than the initial discovery holes.
23 Oct 2008drilling result▲ Good
Step-out drilling extended the F2 system laterally and at depth, with 41.9 g/t gold over 2.2 m.
23 June 2008drilling result▲ Good
121.7 g/t gold over 1.0 m and broad zones including 6.9 g/t over 7.0 m, and scoping work for an underground exploration programme was accelerated.