Rugby Resources Ltd. is pleased to report that a follow-up exploration program has commenced at the Cobrasco East porphyry discovery. The field team has already located an in-situ outcrop of mineralised rock in one of several west draining creeks . Figure 1 - Examples of in-situ copper mineralised porphyry and float located 2.3 km east of the main Cobrasco drilling area. Click here for a high-res image. Yale Simpson [...]
Rugby Resources Ltd. announces that its board of directors has approved a proposed private placement offering of up to 20,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $1,000,000 . Each Unit will consist of one common share and one common share purchase warrant . Each Warrant will entitle the holder thereof to purchase one additional common share of the Company for a period of two years from the [...]
Rugby Resources Ltd. is pleased to announce that recent exploration has significantly enhanced the potential of the Company's Venidero epithermal gold-silver project in Santa Cruz Province, Argentina. Highlights Multiple areas of silica alteration with blocks of vein material identified. New ground magnetic surveying and reprocessing of previous survey data has defined prospective structures for ore deposition. Follow-up [...]
Rugby Resources Ltd. is pleased to report that the Company has received approval for exploration drilling at its El Zanjon epithermal gold-silver project in Santa Cruz Province, Argentina. In addition, it has increased its land position to secure a potential extension to the gold-silver system. Highlights Approval received for 28 drill holes for 4,750 metres . Significant gold-silver assays recorded in soil sampling [...]
Rugby Resources Ltd. is pleased to report on exploration progress at its Cobrasco Copper Project, Colombia. Highlights Continued reconnaissance field exploration has been conducted over the northern of the two Cobrasco IHS-08005X tenement blocks. Field evidence indicates the presence of a cluster of mineralised porphyries. Field work has discovered strongly mineralised porphyry float samples approximately 2 kilometres [...]
Rugby Resources Ltd. is pleased to announce that further to the news release dated February 10, 2023, it has closed an oversubscribed non-brokered private placement and issued 18,436,614 units of the Company at a price of $0.07 per Unit for gross proceeds of $1,290,562.98 . Each Unit consists of one common share and one common share purchase warrant . Each Warrant will entitle the holder thereof to purchase one additional [...]
Rugby Resources Ltd. announces that its board of directors has approved a proposed private placement offering of up to 14,285,714 units at a price of $0.07 per Unit for gross proceeds of up to $1,000,000 . Each Unit will consist of one common share and one common share purchase warrant . Each Warrant will entitle the holder thereof to purchase one additional common share of the Company for a period of two years from the [...]
Rugby Resources Ltd. is pleased to announce initial results for the third drill hole on the Cobrasco copper-molybdenum discovery in western Colombia. When completed, CDH003 is planned to be drilled to 1,300 metres . Cobrasco drilling commenced in August with 2,283m completed to year end. Highlights CDH003 intersected 144.6m of 0.69% Cu and 155 ppm Mo from 156m. The hole, which is targeted to be drilled to 1,300m, was [...]
Rugby Resources Ltd. announces that Mr. Paul Joyce, a director and Chief Operating Officer of the Company, has also been appointed as Chief Technical Officer and Glen van Kerkvoort has resigned as director of the Company. The Board of Directors would like to thank Mr. van Kerkvoort for his contribution and wishes him well in his future endeavours. Mr. Paul Joyce, a founding shareholder of Rugby, is a Fellow of the [...]
Rugby Resources is pleased to announce results for the second drill hole, on its Cobrasco copper-molybdenum discovery. Rugby commenced drilling in August with 2,283 metres completed to date. Highlights CDH002 intersected 172m of 0.78% CuEq within a broader interval of 754m of 0.50% CuEq from a downhole depth of 152m. A near surface mineralised zone of 70m of 0.32% CuEq was intersected from 18m. The hole was prematurely [...]
Rugby Resources Ltd. announces that it has, subject to exchange approval, granted an aggregate 3,205,000 stock options to 6 directors and 3 officers with an exercise price of $0.10. All options granted are subject to vesting provisions and have a 5-year term. About Rugby Rugby Resources Ltd. is an exploration company conducting "discovery stage" exploration on a portfolio of copper, gold and silver targets in Colombia [...]
The Board of Directors of Rugby Resources Ltd. is pleased to provide an update on the Company's Cobrasco copper-molybdenum porphyry discovery in Colombia. Rugby is the first company to drill test the Cobrasco porphyry system. Drilling was initiated in August 2022, with the Company's third drill hole, CDH003 at 300.6 metres . The hole is planned to be drilled to a final depth of 1,300m once drilling is resumed. For the [...]
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