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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 8saturday8on Sep 04, 2012 2:41pm
233 Views
Post# 20316083

Ruby Creek

Ruby Creek

Hi All: I hope Ruby will be able to get the financing shortly and the stock starts to go up. I have blogged about a little company down in Belize before. I feel I should mention it again here because practically no one knows of the company. The company is a private company. There are about 30 million shares out with less than 100 investors. Jay Taylors brother lives in Belize and is a share holder and Jay has recommended it in his newsletter. There is a placement that just started for .05 a share with a warrant  at .025 for 2 years. The company is in production. They just acquired a new property right next to the one that they were mining. The grades are suppose to be 2 to 3 times the grade of the old property..They have a small trammel that they just moved on to the new property and a large trammel which will be on the new property shortly. There is also a dredge that they are going to use and are going to go into production with. Reportedly there is enough gold to mine here for 10 years. The company is working on a 43-101 now. They have about 15-20 employees not the hundreds that other companies employ. Now that they have this new property they are going to JV. the hard rock part of the property. The JV company will pay for the drilling at no cost to Belizian Gold. Belizian Gold is going to pay a .01 dividend in the next 6 months. All the equipment is paid for but as they go along they need a rock truck, an excavator and another trammel to increase production. There is practically no debt in the company mostly everything was financed internally. Belize is the only mining company mining in Belize and they want to increase their land package considerably. Gary the company President is going down to Belize to bring back more gold. I am running out of room here so if you are interested please call Rich Radez at 317-502-5838 or e-mail rich@globalresourceexpos.com.

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