5 May 2008drilling result▲ Good
Further F2 results of 52.6 g/t over 7.4 m and 73.2 g/t over 3.0 m.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Apr 2008drilling result▲ GoodMajor
F2 kept getting better: 42.4 g/t gold over 11.0 m in hole F2-08, and additional assays widened hole F2-07's intercept to 24.4 g/t over 17.0 m.
31 Mar 2008drilling result▲ GoodMajor
Rush assays from the new F2 zone returned 36.50 g/t gold over 8.1 m.
31 Mar 2008drilling result▲ GoodMajor
Discovered a new gold zone at Phoenix with 283 g/t over 1.0 m, 34.6 g/t over 2.0 m and 36.0 g/t over 1.0 m. This is the F2 discovery, dated by the company's later reports to 27 February 2008 - everything that follows for the next eight years comes from it.
20 Nov 2007capital raising announcement▲ Good
Closed the flow-through placement: 4,651,200 shares at C$2.15 through Research Capital.
What it means for a shareholder
4.7m new shares at C$2.15 to raise about C$10.0m. 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 2007capital raising announcement▲ Good
Announced a C$10m flow-through bought deal.
18 Oct 2007drilling result● Neutral
Exploration update across the Red Lake portfolio: drilling on two of eight project areas, McCuaig ongoing, Alaska finished.
26 Sept 2007drilling result▲ Good
Constantine Metal Resources, 16.9% owned by Rubicon, reported 3.79% copper, 7.24% zinc, 0.374 g/t gold and 47.03 g/t silver over 14 m in Alaska.
17 Aug 2007drilling progress report● Neutral
Solitaire Minerals started a 3,300 m programme at Red Lake North, which it can earn 55% of by spending C$2.5m over four years.
31 July 2007drilling result▲ Good
Final assays from the Phoenix programme, with best intercepts of 34.14 g/t over 1.00 m and 28.07 g/t over 0.90 m.
21 June 2007drilling result▲ Good
More high-grade gold at Phoenix, including 42.99 g/t over 1.55 m at the West Mine target.
7 June 2007drilling progress report▲ Good
Mobilised for a 7,500 m, C$1.5m follow-up programme at McCuaig with Golden Tag, alongside its other Red Lake and Alaska work.
5 June 2007material agreement● Neutral
Letter agreement covering Rubicon's Alaskan claims in the Fairbanks district.
16 May 2007drilling result▲ Good
All three new targets drilled at the Phoenix project hit gold-bearing zones in classic Red Lake settings, and permitting for underground work was under way.
2 May 2007business combination● Neutral
The third amended and restated arrangement agreement among Rubicon, Paragon Minerals and CopperCo, the documentation behind the December 2006 spin-out.
17 Apr 2007drilling result▲ Good
Rubicon and Golden Tag found a new gold zone on a first-pass test of a Rubicon-generated target at the McCuaig joint venture, with 15.65 g/t gold over 1.55 m.
11 Dec 2006business combination● NeutralMajor
Closed the arrangement on 8 December 2006. Shareholders of record on 19 December received shares in Africo Resources (the Congo copper-cobalt assets) and Paragon Minerals (Newfoundland) alongside their Rubicon shares, leaving Rubicon focused on Red Lake.
28 Nov 2006business combination● NeutralMajor
Explained the plan of arrangement to shareholders: Rubicon believed its share price did not reflect a diverse asset base, so it was spinning the non-core assets out into separately listed companies.
24 Nov 2006drilling progress report▲ Good
Started a 2,000 m first-phase programme at the wholly owned McFinley property in Red Lake.
13 Nov 2006joint venture update▲ Good
Approved a C$200,000 winter drill programme on the McCuaig joint venture (Rubicon 60%, Golden Tag Resources 40%) on the Red Lake mine trend, testing the down-dip extension of the Mackenzie Red Lake mine's No. 1 vein.
13 Sept 2006drilling result▲ Good
Phase 1 drilling with Crosshair at Golden Promise in Newfoundland extended the Jaclyn zone by 100 m, with assays to 93.71 g/t gold over 1.40 m.
29 June 2006resource reserve update● Neutral
The RSG technical report on Kalukundi.
24 May 2006resource reserve update▲ Good
Received the feasibility study on the Kalukundi copper-cobalt deposit in the Congo, held through the Swanmines joint venture in which the state company Gecamines is a 25% carried shareholder and Africo has an option. A feasibility study on an asset Rubicon was about to spin out - it never completed one on Red Lake.
5 May 2006capital raising announcement▲ Good
Closed a brokered placement of 7,640,560 shares at C$1.48 for C$11.3m.
What it means for a shareholder
7.6m new shares at C$1.48 to raise about C$11.3m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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13 Mar 2006resource reserve update● Neutral
NI 43-101 mineral property report on Rubicon's Red Lake ground, dated December 2005.
29 Aug 2005capital raising announcement▲ Good
Closed a bought-deal private placement for C$6.0m gross, including the over-allotment in full: 9,232,000 units.
What it means for a shareholder
9.2m new shares at about C$0.6499 to raise about C$6.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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29 July 2005capital raising announcement▲ Good
Rubicon's 35.6%-held private affiliate Africo Resources agreed to take 70% of the Kamasani concession, about 100 sq km of the Congolese copper belt around its Kalukundi deposit. At this point Rubicon was a diversified prospect holder, not a Red Lake company.