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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 Mar 12, 2012 10:47am
205 Views
Post# 19657315

distilled timeline from this am Nr

distilled timeline from this am Nr

 

Timeline forecasts from 3/12 NR:

Feb: several test pits dug and material processed thru washplant. Implied grade has yielded positive results

Mar: further minor modifications expected to increase recovery rates. Heaviest rains of year? First revenue from gold.

April: handle constant processing of moderate volumes. Heaviest rains of year? Coming weeks 2 more trommels from Songea modified for gold and form the backbone of 2 other washplant systems

Early April: full time daily production

Mid April: deliveries of essential earth moving equipment to the production site from the Songea and DES areas

End of April: All mining equipment repaired and moved onsite by end of April

Late summer: maximum daily ore process rates from entire fleet—(3 trommels, 200 tons/hr?)

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