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Rugby Resources Ltd V.RUG

Alternate Symbol(s):  RBMNF

Rugby Resources Ltd. is a Canada-based exploration stage company. The Company is engaged in the acquisition and exploration of mineral properties located in Colombia, Argentina, Chile, Australia, and the Philippines. The Colombian Cobrasco project is located in the western cordillera belt which hosts large scale copper molybdenum mines in Chile, Peru, and Panama. Its projects include Cobrasco Copper-Molybdenum project, El Zanjon project, Mantau Copper Gold project, Eastern Colombian projects, Motherlode Copper Gold- project, and Venidero project. The Cobrasco Copper-Molybdenum project is located within the Western Cordillera. The Mantau Copper Gold project is located 70 kilometers (km) northeast of the Antofagasta city and 40 km east of the Mejillones port, in northern Chile. It controls a number of early-stage silver gold and copper gold project applications including Pastora, Arboledas, Tantalus, and El Poma. The Motherlode Copper Gold- project covers an area of 878 hectares.


TSXV:RUG - Post by User

Post by Betteryear2on Mar 07, 2022 6:37am
192 Views
Post# 34489267

RUGBY COMPLETES SOIL SAMPLING AND 3D MAGNETIC MODELING

RUGBY COMPLETES SOIL SAMPLING AND 3D MAGNETIC MODELING

Vancouver, B.C., March 07, 2022 (GLOBE NEWSWIRE) -- Rugby Mining Limited (“Rugby” or the “Company”) (TSX-V: RUG) is pleased to report the completion of a follow-up soil sampling program and three-dimensional ground magnetic modeling at El Zanjon in Argentina. The soil assays are awaited but the 3-D magnetic modelling is complete.

The 3-D modelling shows a series of deep-seated east-west faults interpreted to be potential hydrothermally altered pathways for mineralizing fluids. Figure 1 (left) presents a previously identified 10 km diameter magnetic anomaly with the location of a N-S cross section shown. Figure 1 (right) shows the cross-section position again but presents the data as a Magnetization Vector Inversion plan. This presentation shows the E-W faults that break up the stratigraphy into a series of blocks.

RUGBY COMPLETES SOIL SAMPLING AND 3D MAGNETIC MODELING AT EL ZANJON GOLD PROJECT, ARGENTINA

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