RED LAKE REGIONAL HERITAGE CENTRE
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​Rubicon Minerals - Phoenix Gold Project
2015, 2018
Produced 10,071 oz.


Rubicon Minerals took control of the Phoenix Gold Project (formerly McFinley Mines) in 2002 and began doing geological mapping, magnetic surveying, trenching, sampling and compiling historical data. From 2003 to 2015 Rubicon Minerals conducted intensive diamond drill programs (523,283 metres -1,716,807.7 feet) as well as geophysical and airborne LiDAR surveys. After a decade of research and exploration, the company released its mineral resource estimate in 2013 – 3.3 million ounces.

The Phoenix Gold Project went into production in 2015, and the mine poured its first brick in June. However, by the end of October 2015 mill operations were suspended and underground work ceased in November. The geology of the F2 deposit (Rubicon’s main gold deposit) proved more difficult to deal with than initially anticipated. In January 2016, Rubicon Minerals released a revised mineral resource estimate, where they reduced the estimate to 413,000 ounces.

In October 2016 Rubicon Minerals went into creditor protection, and the company refinanced and restructured. Under new management, Rubicon Minerals put together an 18-24 month exploration plan for the Phoenix Gold Project. The goal was to bring the Phoenix Gold Project back into production, but Rubicon Minerals wanted to make sure that they fully understand the geology of the property and production is feasible. Exploration resumed in April 2017, and 2018 has seen advanced exploration and the beginning of bulk sampling. Bulk sampling in 2018 produced an additional 5,165 ounces for the company.


Red Lake Regional Heritage Centre
51A Highway 105 P.O. Box 64
Red Lake, ON, Canada
P0V 2M0
807-727-3006
heritage@redlake.ca
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The Red Lake Regional Heritage Centre is a charitable organization, funded by the Municipality of Red Lake, the Ontario Ministry of Culture, and through fundraising activities. Reg # 87315 2714 RR001.

  • Home
  • Heritage Online
    • Puzzles
    • Podcast
    • Online Programming >
      • Bannock
      • Comics: Narratives in Transition
      • Dream Catchers
      • Eco Printing
      • Flower Pounding
      • Fur Trade
      • Mushrooms
      • Pysanky
      • Suncatchers
      • Wild Teas
      • Woodland Art
  • Exhibitions and Events
    • Red Lake Speaker Series
    • Current Exhibits
    • Past Exhibits >
      • SouthPaw Photography
      • EZHI NAMANG: HOW WE SEE IT
      • Red Lake on the Move
      • Fish Stories
      • Red Lake Art Show 2016
      • Red Lake Art Show 2017
      • Red Lake Art Show 2018
      • Woodland Caribou Provincial Park
      • Fire People >
        • Fire 14-1
        • Fire 14-2
  • History
    • Red Lake History
    • Aviation History
    • Immigration
    • Residential Schools
    • Heritage Centre History
    • Red Lake District Souvenir Record
  • Gift Shop
    • Accessories >
      • Jewellery
      • Key Holders
      • Purses, Wallets & Bags
    • Local Artists >
      • Rhonda Beckman
      • Valerie Blab
      • Kaila Erb
      • Lauren Furman
      • Patrick Hunter
      • Aaron LeBlanc
      • Amy Newport
      • Hidehiro Otake
      • Mark Nadjiwan
      • Sara Ramer-Dean
      • Rebecca Saikkonen
      • Wendy Yutzy
    • Books & DVDs
    • Cards
    • Clothing >
      • Scarves & Hats
      • T-Shirts
      • Long Sleeves
      • Socks
    • Home & Kitchen >
      • Glassware
      • Home Décor
      • Kitchen
      • Mugs
    • Glass Ornaments
    • Magnets
    • Miscellaneous
    • Norval Morrisseau Designs
  • Support
    • Volunteering
    • Memberships
    • Donor Wall
  • About Us
    • Strategic Plan
    • Annual Report
    • Services
    • Our Mission
    • Collections Policy
    • Employment Opportunities
    • Staff & Board
  • Mailing List
  • Mining Map
  • Donate Now