Nov 3 (Reuters) - Rubicon Minerals Corp RMX.TO :
* Underground activities temporarily suspended at the Phoenix gold project;
Rubicon to enhance its geological model and develop an implementation plan
* Says Rubicon has initiated a cost cutting plan
* Associated with suspension of underground activities is the temporary layoff
of approximately 200 employees and 110 contractors
* Says the gold mineralization at Phoenix gold project is more geologically
complex compared to historical drilling data
* Source text for Eikon ID:nMKWkkNyRa
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