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Gold/Mining/Energy : Rubicon Minerals -- Ignore unavailable to you. Want to Upgrade?

To: Miner who wrote (207)	4/7/2003 8:44:34 AM
From: Joey Two-Cents	Respond to of 470

Some of those posters aren't happy unless a company has Goldcorp type results with 1999 dotcom price appreciation.

To: Miner who wrote (207)	5/15/2003 8:18:28 AM
From: Joey Two-Cents	Read Replies (1) \| Respond to of 470

Rubicon Reports Additional High Grade Gold From McFinley, Red Lake, Ontario Wednesday May 14, 9:04 am ET MAC-1 Target Showing Continuity of Gold Mineralization VANCOUVER, British Columbia--(BUSINESS WIRE)--May 14, 2003--David W. Adamson, President and CEO of Rubicon Minerals Corporation (TSX Venture:RMX - News) is pleased to announce final results from Phase I drilling carried out at its flagship, 100% controlled McFinley gold project located in the heart of the prolific Red Lake gold camp, Ontario, Canada. New follow-up drilling on MAC-1 confirms that gold mineralization displays continuity both with depth and between sections and includes intersections of potential economic significance over minimum mining widths. The program was designed to test several unexplored parts of the property, believed to have high potential for Red Lake-type gold deposits. Previously, Rubicon reported drill results from a total of 28 drill holes (see news release dated April 3, 2003). This news release includes results from an additional 16 drill holes for a program total of 31,400 feet (9,571 metres). Target areas referred to in this release are shown in the attached map (Exhibit A). Highlights of the results include: Drilling in the MAC-1 target area has confirmed the presence of widespread gold mineralization, including wide-spaced gold intercepts over a 1200 foot (365 metre) strike length. Gold intercepts in the MAC-1 zone are illustrated in cross section and long section, respectively, in the attached Exhibits B and C. Follow-up drilling in the MAC-1 area is expected to commence mid June, 2003. The MAC-1 target is open for follow-up along strike and has only been tested to shallow depths of 430 feet (130 metres) below surface. Producing mines in the camp contain economic gold mineralization from surface to over 6000 feet (1,830 metres) below surface. Several high-grade gold intercepts occur in the MAC-1 holes outside of the 'window' portrayed in Exhibits B and C, including 1.34 oz/ton gold over 3.28 feet, 0.71 oz/ton over 1.48 feet and 0.51 oz/ton over 1.64 feet in hole MF-03-16. These suggest the potential for multiple mineralized structures within this target area. Significant gold has been discovered in two additional target areas (MAC-4 and MAC-5). In the MAC-4 area, several encouraging gold intercepts, including up to 0.50 oz/ton gold over 1.80 feet in hole MF-03-37 has been returned from a previously unexplored area of the property, north of McFinley Island (Exhibit A). Drill holes in this area include well developed, banded iron-carbonate veins up to 6 feet thick interpreted to resemble similar veins developed in the producing Campbell (Placer Dome) and Red Lake (Goldcorp) mines. In the MAC-5 area, significant gold, including 0.36 oz/ton gold over 2.62 feet, in hole MF-03-42 has been intersected within mineralized and altered basalts. Approximately 3000 feet of strike length in the MAC-5 target area is open for exploration. One additional drill hole completed in the MAC-3 area (MF-03-33) has returned widespread gold mineralization including 0.32 oz/ton gold over 1.64 feet approximately 450 feet southwest of MC-03-25 which included an intercept of 1.92 oz/ton gold over 2.2 feet and numerous other elevated gold values (Table 1). The MAC-3 target area has returned significant gold over an appreciable area and warrants drill follow up in winter 2003-4. Drilling in a number of other target areas has returned elevated gold in permissive settings which require additional exploration (see Exhibit A and Table 1). David Adamson states, "Although we acquired McFinley less than a year ago, we now know that gold mineralization on this large property is developed in a number of previously unexplored areas within a setting similar to that of the major mines in the camp. Significantly, we are already beginning to demonstrate continuity of gold bearing structures with considerable strike and depth potential. We will be carrying out follow up drilling commencing in June, 2003 on these and other targets and we look forward to building on these results. McFinley is the only 100% controlled advanced gold asset in the Red Lake gold camp outside of the producing Goldcorp and Placer Dome mines and offers investors unique leverage to exploration and discovery in one of the world's richest gold camps." Rubicon Minerals Corporation is a well funded junior mineral exploration company which controls over 260 square kilometers of land holdings in the prolific Red lake gold camp of Ontario which hosts two high-grade, world class gold mines (Placer Dome's Campbell Mine and Goldcorp's Red lake Mine). RUBICON MINERALS CORPORATION David W. Adamson, President & CEO The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from targeted results. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The Company relies upon litigation protection for forward looking statements. To view the maps associated with this release, please refer to the links below: www2.cdn-news.com www2.cdn-news.com www2.cdn-news.com - Contact: Rubicon Minerals Corporation VP Investor Relations: Bill Cavalluzzo, 1-866-365-4706 Email: bcavalluzzo@rogers.com Website: www.rubiconminerals.com