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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 Apr 09, 2012 3:59pm
183 Views
Post# 19772936

RE: Ruby Creek - No News is Good News

RE: Ruby Creek - No News is Good News

Had a good chat with Toby Friday. Reminding me (us) that the rainy season continues there and hampers maximum progress. But it should be winding down in a couple weeks and dry land will be our ally in terms of additional equipment transport and further mining scale up. Toby will be heading back to TZ later this month to coincide, then directly to the NYC Hard Asset Conf. in May. Rest of the year should bring results, and with that an attentive new investing audience which we now lack. Hope we see signs of that following the NY Show, but resigned myself to the possibility that the wait for better valuation may well be calendar Q3-4. The time lost prior to the rains coming couldn't be fully recouped during the rainy period, extending the wait further than we'd all like.

That's the news I have to share.

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