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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 RicherNowon Feb 16, 2013 3:01pm
413 Views
Post# 21000521

My view... it comes down to knowing your mine depo

My view... it comes down to knowing your mine depo

I have always believed that this land holding represents a recent gold discovery in Tanzania, one in which there has been LITTLE scientific exploration.  Think of it... widespread placer gold and the source has not been found.  MORE IMPORTANTLY, no one has looked for it yet!  I was on the ground and in that time I saw 2 VERY prospective areas for the lode source.  I could sense opportunity everywhere I walked.

As for tyhe placer...

I recommend again that careful sampling of the GS deposit is neccesary to mine it and "stay in the pay".  The only reasonable way IMO to accomplish this is to sample what you intend to mine so that pay streaks can be exploited.

The legendary John Livermore passed away recently... this was his drill that he used in Florida sand dunes to map a heavy meneral sands deposit for Humphrey's Mining Company.  This is the same group that invented the Humphrey's spiral gravity concentrator.  The video is a little long... bear with me, I was trying to make a point that I have been trying to make about this venture from the very beginning of my interest.... sample the ground!

https://youtu.be/TzbQFuDYVfY

Not Investment Advice DYODD

I am no longer associated with Ruby Creek Resources as an Advisor but hope they use what I contributed to make a discovery of a lifetime.  I am a shareholder of RBYC

 

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