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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 dunkindonuton Jun 04, 2012 9:47am
149 Views
Post# 19977003

RE: RE: Trustworthiness

RE: RE: Trustworthiness

The grades are known by the company. Any engineer or miner worth his weight in salt would have tallied

the amount the trucks have been bringing to the wash plant over the last three months and determined the

grades by the amount of gold recovered. The recovered grades could be low simply because of inefficiencies

of the not yet perfected recovery system, but the grades are known to the company. They may get better.

Ruby Creek should release the recovered grades up to this point and show how the recoveries have gotten

better over time, if that is the case. Not reporting anything leaves an investor to assume the worst.

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