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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 Yukon_Corneliuson Oct 26, 2011 11:32am
145 Views
Post# 19182714

RE: RE: produx estimates

RE: RE: produx estimates"...3) they've found a very-high-grade area to start out with (seems unlikely, given that they bought this parcel for a song..."

Heel- you crack me up some times. But seriously folks- consider the circumstances of the seller relative to the bargain price. Beyond that, I don't think anyone KNEW the grades at depth until recently, if even now. But I do know that Ruby Creek dug a well for the villagers down to about 90-100 meters. Time will tell us all, but keep in mind what I've stated repeatedly and recently; Rob is the conservative-estimator. Good luck- good times ahead. All imo as always
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