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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 imnironmanon Oct 10, 2011 9:20am
293 Views
Post# 19134338

RUBY GETS MINING LICENSE!!!!!

RUBY GETS MINING LICENSE!!!!!
Ruby Creek Receives First Mining License

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NEW YORK, NY--(Marketwire -10/10/11)- Ruby Creek Resources, Inc. (OTC.BB: RBYC.OB - News), a gold exploration and mining company with operations in Tanzania, is providing the following update on the Gold Standard transaction.
Ruby Creek has received confirmation of the transfer of control of
marketwire
Mining License ML 409/2010 issued September 21, 2010 to Gold Standard Tanzania Limited to Ruby Creek Resources, Inc. The Minister of the Energy and Minerals of Tanzania, the Honourable William Mganga Ngeleja approved the transfer of 95% ownership of Gold Standard Tanzania to Ruby Creek. This transfer became effective as of September 16, 2011. The completion of this transfer was the final condition necessary for Ruby Creek to proceed to close the Gold Standard transaction. Ruby Creek will make a public release upon completion of this formality.
Robert Slavik, President and CEO of Ruby Creek, commented, "We have just received confirmation that we have our first Mining License. Ownership and control of the Gold Standard Mining License has been transferred to Ruby Creek. It's another step for us, and a big one. Time to start mining gold."
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