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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

Comment by jongguaon Oct 24, 2011 3:36pm
110 Views
Post# 19176818

RE: RE: 2 PROSPECTING licenses

RE: RE: 2 PROSPECTING licenses you are correct, i meant 2 prospecting licenses. Harp lost all of his other licenses in TZ other than Mkuvia, on August 31, 2010 I believe it was he had nothing in TZ other than Mkuvia's 25% before pulling Handeni out of the hat, a miraculous comeback. What I've been told is that in TZ PL's are sold to foreigners for good cash, then are resold and resold on and on, so the foreigner actually doesn't have the PL, but some TZ guy has the money. Ruby reassured us they have their PL's at the highest level of security available, registered with the Gov't. Now this little dlkm tidbit has me concerned if 2 of these PL's have some suspicion about them. Harp lost several other properties he claimed to have had due to these illegal shenanigans, and dlkm's 10q alludes that maybe 2 of our mkuvia's PL's have some problems of being "transferred to an unauthorized 3rd party". Curious, but maybe not earthshaking. Not pushing panic button, but hope Harp's sloppy past is not still infecting us today.
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