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Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of prospective gold mineralized territory. The Company has mining and processing equipment onsite and additional processing equipment. The Gold Plateau Project is situated at the eastern margin of the Selous Basin where the Karoo and young sedimentary rock are in fault contact with low to high-grade metamorphosed rocks of Neoproterozoic age belonging to the Mozambique Belt.


GREY:RBYC - Post by User

Post by jongguaon Apr 17, 2011 7:53pm
353 Views
Post# 18444172

chicago

chicagosome quick chicago notes:

profitable by end of year would only take 5000 oz, they DO expect profitability

gs and kapinga haven't closed yet, but gs mining gold via hand mining, 5 oz day presently? final equipment and finance check of gs

possible extension of 5% $2M mkuvia payment

more fill in acquisitions at low low prices, target 1200 km2 to finish what they believe to be gold bearing

loose bedrock does NOT necessarily mean no gold underneath. because it is crumbly and breakable, it may have gold below it's beginning

Giant L and T shaped diggings to get the gold, fill in, and then refill, after first rainy season ground is growing again

3 mining licenses far far away from each other desired this year for 3 pieces of widely scattered equipment, 300 ton/hr, 75 ton/hr and 50 ton/hr separators demonstrating the vastness of the project and asking for cookie cutter real estate subdivision of land in 2012

keep things quiet till land acquisitions are finished (should I shut up on this board?)

"integrity" watchword of ceo for the company, do what we say we do, not hype

half time used helicopter being bought, and 1200' runway being built sometime

got to meet several board posters, great to meet yukon (family is a fan!)

this is not all, some is being kept close to vest by us, got to see clear gold bearing black panned minerals, plus some pure gold from sunday's produx



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