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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 mermooon Feb 10, 2013 12:42pm
201 Views
Post# 20965089

RE: material information withheld?

RE: material information withheld?

In there latest PR they said were pursuing hard rock so I guess that one is a given.   In the past they also said it was a long term goal to pursue hard rock mining after exploiting the easier to get alluvial deposites.

Well as for easier to get, I guess that proved un-economical.  There is some real questions about not releasing material information they apparently knew especially when there were people claiming the camp was not being run well before they told us they were suspending work.  Any management who sold shares before could be subject to prosecution and possible clawbacks.

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