Ruby Creek Resources Inc RBYC

Metals & Mining Gold Industrial Metals & Minerals

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.

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Ruby Creek Resources Inc

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Post by jongguaon May 29, 2012 10:51am

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Post# 19955887

new capital

Just know they are working on it, but we won't know of success until a news release. Obviously they know they need more cash and quickly. tough market though! 500 oz mo at $1500 oz is forecasted free cash flow hurdle.

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