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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 Jun 04, 2012 10:21pm
148 Views
Post# 19979662

RE: RE: Reduced Processing Guidance

RE: RE: Reduced Processing Guidance

Dunk- I hear you. But keep in mind, fixing a grade on alluvial without a substantive sampling will not be easy.

We will get our first production report and that will hopefully go a long way in instilling some validation and investor confidence. Whatever the number is, it's a step in the right direction. And we will be able to do the math and determine the grade. But what's that old investment disclaimer: Past results are no guarantee of future performance. That said, my expectation is for escalating numbers- at least in terms of ounces produced- while the grades will vary, continually gong forward.

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