Rubicon increases tenaments at Celia

Rubicon Resources has purchased the Gap Bore project tenements within its Celia project area from local prospectors for $20,000 cash and 250,000 Rubicon shares.

The tenements include four exploration licences and five prospecting licences covering 29 square kilometres.

The vendors retain a one dollar per tonne royalty on all ore types mined.

Rubicon now has approximately 700 sq km of tenure at its Celia project in the Southern Laverton Tectonic Zone (Figure 1).

The company has recently acquired detailed aeromagnetic data over the project and has commenced on-ground exploration including rock chip sampling and mapping.

It is Rubicon's intention to undertake drilling of targets defined as soon as possible.