- Rugby Mining Limited (RUG) has provided an update on its projects in Central and South America
- The El Zanjon Project in Argentina is targeting high-grade gold-silver veins
- Rugby has started fieldwork on the Cobrasco Project in Colombia
- Recent mapping identified a copper-molybdenum porphyry at Cobrasco
- The Salvadora Project in Chile saw continued exploration work during the southern winter
- Rugby Mining Limited (RUG) is unchanged trading at $0.14 per share as of 1:25 p.m. ET
Rugby Mining Limited (RUG) has provided an update on its precious metals projects in Central and South America.
For the El Zanjon Project in Argentina, the company stated it targets high-grade gold-silver veins in the Deseado Massif, which is meant to host “exceptional” deposits. Rugby started working on El Zanjon two years ago with regional surveys to help map the subsurface terrain. That work identified northwest-trending features which cross a prominent, 10-kilometre-wide circular anomaly.
Rugby’s previous surveying identified what it believes may host high-grade gold-silver mineralization at the project’s east-west structures. To confirm the potential, samples were taken at intervals along the prospective structures. Results from that sampling have now been received, showing significant gold anomalies with high silver, arsenic, and molybdenum values.
Rugby has started fieldwork on the Cobrasco Project in Colombia, including environmental, orientation geophysics, and soil and rock sampling. The company stated the environmental work is a carryover of assessments that included soil and vegetation categorization work.
Recent mapping at Cobrasco identified a copper-molybdenum porphyry. Outcrop including zones of intense veining was located in a number of creek exposures that were channel sampled with results pending.
Fieldwork, including geologic mapping and drill planning at Rugby’s Salvadora Project in Chile, continued through to the onset of the southern winter. Rugby considers its southern prospect named Heliodora to be its most favourable drill target. Three additional drill targets were identified along the seven-kilometre-long feature.
Rugby Mining Limited (RUG) is unchanged trading at $0.14 per share as of 1:25 p.m. ET.