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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Post by JJ40on Aug 12, 2010 5:03pm
415 Views
Post# 17346380

RBYC Latest Press Release

RBYC Latest Press Release
Ruby Creek Attains Milestones -- Commences Camp Construction and Delivery of First Test Mining Plant
Ruby Creek Resources Inc
RBYC | 8/12/2010 8:30:33 AM
NEW YORK, NY and DAR es SALAAM, TANZANIA, Aug 12, 2010 (MARKETWIRE via COMTEX News Network) --

RubyCreek Resources, Inc. (OTCBB: RBYC), an exploration and mining companywith operations in Tanzania, announces that it has attained itsmilestone of delivering the first of several test-mining plants to theMkuvia Gold Project, its 380 sq km property in Tanzania.

Mr.Robert Slavik, CEO and President of Ruby Creek, said, "I am pleased tohave met our goal of setting up the first test mining plant on theMkuvia Gold Project by the end of July, just about a year since newmanagement assumed control of the Company, and less than a year since weannounced our acquisition of the property rights and the joint ventureagreement to develop the Mkuvia. These are major achievements in a shortperiod of time. I look forward to keeping our stakeholders current andinformed about the progress of our Mkuvia gold test mining operationsand permitting process in the coming months."

Mr. Slavik alsoannounced the appointment of Mr. Toby Hansen, who is now responsible forthe dual roles of Corporate Communications for Ruby Creek Resources andProcess Engineer for the Company's operating subsidiary, Ruby Creek(Tanzania). Mr. Hansen, an engineer for more than twenty years, joinedRuby Creek at the end of July. Mr. Hansen has been onsite at the Mkuviasince July 31, and will remain there for the month of August.

InJune and July, Ruby Creek Tanzania began the process of hiring localstaff for the first of the Mkuvia Mining Camps. To date, the Company hashired a Geologist, Mining contractor, a Logistics and Camp contractor,the first of two Security Chiefs, a Camp Accountant, a Civil Engineeradvisor for Camp and shop layout and construction, as well as anexternal Security Advisor. Ruby Creek (Tanzania) began shipping Camp Equipment and Test Mining Equipment to the site on July 28.

Mr.Slavik said, "The hiring of these key staff members is anothersignificant milestone, as it puts into place much of the groundworknecessary to advance our activities." It is expected that several typesof test mining processes will be in place and operating in the month ofAugust. The principal purpose of this test phase is to identify theoptimal mining equipment to be used at specific sites for thecommencement of full commercial mining operations.

As part of thecontinued development of the Mkuvia, existing access roads areundergoing improvements: a satellite dish for direct voice and datacommunication is being installed, an on-site laboratory for fastanalysis is being installed, additional security personnel are beinghired, and the first camp construction is expanding to accommodate 50from the present 30.

About Ruby Creek Resources, Inc. Ruby CreekResources, Inc. (www.rubycreekresources.com) is an exploration andmining company. Ruby Creek operates in Tanzania through its 70% ownedcompany, Ruby Creek Resources (Tanzania) Limited. Ruby Creek Tanzania isthe operator of the Mkuvia Gold Project, is establishing infrastructureand has commenced the permitting process in support of the fulldevelopment and commencement of operations on the Project.

Forward-Looking This news release may include certain "Forward-looking statements"within the meaning of Section 21E of the United States SecuritiesExchange Act, as amended. All statements, other than statements ofhistorical fact, included in this release are forward-looking statementsthat involve various risks and uncertainties. There can be no assurancethat such statements will prove to be accurate and actual results andfuture events could differ materially from those anticipated in suchstatements. This notice expressly qualifies all forward-lookingstatements in this release. The Company, through its management, makesforward-looking public statements concerning its expected futureoperations, performance and other developments. Such forward-lookingstatements are necessary estimates reflecting the Company's bestjudgment based upon current information and involve a number of risksand uncertainties, and there can be no assurance that other factors willnot affect the accuracy of such forward-looking statements. It isimpossible to identify all such factors, factors that could cause actualresults to differ materially from those estimated by the Company. Theyinclude, but are not limited to, government regulation, managing andmaintaining growth, the effect of adverse publicity, litigation,competition and other factors, which may be identified, from time totime in the Company's public announcements.

Signed

"Robert Slavik"

Robert Slavik President, Ruby Creek Resources, Inc.

Investor RelationsContact: Porter, LeVay & Rose, Inc. Michael Porter President212-564-4700 www.rubycreekresources.com Ruby Creek Resources, Inc. 7503rd Ave., 11th Floor New York, NY USA 10017 6th Floor, Amani Place,Ohio St. Dar es Salaam, Tanzania

SOURCE: Ruby Creek Resources, Inc.

https://www.rubycreekresources.com

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