Rubicon Minerals Corporation (Rubicon) is a mineral exploration company engaged in the acquisition, exploration and development of gold and base-metal exploration properties both through Company funded and partner-funded exploration. It is also involved in the investment in other mineral exploration and resource companies. It controls over 65,000 acres of exploration ground in the Red Lake gold camp, in the province of Ontario. Its main focus is on advanced exploration and development of its 100% owned Phoenix Gold Property. During the year ended December 31, 2011, it had drilled a total of 81,801.2 meters on the Phoenix Gold Property. Its projects include Phoenix Gold Project, East Bay Property, DMC property, Humlin Property, Slate Bay Property, Advance property, Red Lake North Property and McCuaig JV Property. It holds a 100% interest in the Phoenix Gold Project consisting of 16 patented mining claims, 25 licenses of occupation, one mineral lease and one unpatented mining claim.