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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 Feb 21, 2013 8:16pm
168 Views
Post# 21026119

RE: Question

RE: Question

With HNDI's gazillion shares issued, I would not touch a merger with a 90m drill shaft!

I think they're meeting in TZ because that is where Mr. Menghi and Mr. Scheepers are. Presumbaly Mr. Slavik as well. As for drilling equipment- not sure that HNDI has any. I know the major drill programs were contracted to a company out of Kansas City- Layne I think. Layne owned the drills.

Bad blood aside, the Mkuvia property sits with untapped potential. Seems like nothing has changed in 3 yrs with that situ. Chinese miners and local artisans may be yielding some benefits. From what I recall we'd still be a ways off from production there. I recall talk of using the ESIA from GS to smoothe the way for Mkuvia and the entire plateau, but far as I know there is not an approved impact statement- which is needed before a ML is granted. Good luck Rob- you have all the same hurdles to overcome.

PS it's rainy season there again- til April.

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