Rugby Resources Ltd., is pleased to report that work has commenced at the Mantau iron oxide-copper-gold project in the Metallogenic - Coastal Belt near Antofagasta, northern Chile. This prolific "Mineral Belt" has a long history of mining and hosts sizable copper deposits linked both genetically and spatially to the Atacama Fault System. Manto-type copper-silver, porphyry copper and IOCG deposits are present in the [...]
Rugby Resources Ltd., is pleased to report that recent exploration by Rugby's joint venture partner, EMU NL at Georgetown has located significant copper and gold mineralization. EMU's geological assessment and geochemical sampling program was designed to assess a number of higher-priority prospects . Highlights Visible gold in pan concentrate and a six-gram crystalline gold nugget discovered at Camp Oven Creek Prospect [...]
Rugby Resources Ltd. is pleased to report that recent surface sampling at Cobrasco has yielded significant copper/molybdenum assay results. In addition, a new molybdenum stockworked porphyry occurrence has been identified approximately 1 kilometre northeast of the Cobrasco Central drilling area. Reconnaissance mapping indicates the new molybdenum porphyry may represent a continuation of the primary mineralization [...]
Rugby Resources Ltd. is pleased to announce that further to the news releases dated February 7 and 12, 2024, it has closed an oversubscribed non-brokered private placement and will issue 19,696,665 units of the Company at a price of $0.06 per Unit for gross proceeds of $1,181,800 . Each Unit consists of one common share and one common share purchase warrant . Each Warrant will entitle the holder thereof to purchase one [...]
Rugby Resources announces that due to subscriber demand, its board of directors has approved an increase to its private placement offering. The increased offering will consist of up to 19,666,666 units, up from the 8,333,333 Units previously announced on Feb 7, 2024. The terms of the private placement financing will remain the same and each Unit will be offered at a price of $0.06 per Unit for gross proceeds of [...]
Rugby Resources Ltd. announces that its board of directors has approved a proposed private placement offering of up to 8,333,333 units at a price of $0.06 per Unit for gross proceeds of up to $500,000 . 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 date [...]
Rugby Resources Ltd. is pleased to announce that further to the news releases dated November 14 and 27, 2023, it has closed an oversubscribed non-brokered private placement and issued 12,522,540 units of the Company at a price of $0.05 per Unit for gross proceeds of $626,127 . Each Unit consists of one common share and one common share purchase warrant . Each Warrant will entitle the holder thereof to purchase one [...]
Rugby Resources announces that due to subscriber demand, its board of directors has approved an increase to its private placement offering. The increased offering will consist of up to 12,522,540 units, up from the 10,000,000 Units previously announced on November 14, 2023. The terms of the private placement financing will remain the same and each Unit will be offered at a price of $0.05 per Unit for gross proceeds of [...]
Rugby Resources Ltd. announces that its board of directors has approved a proposed private placement offering of up to 10,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $500,000 . 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 report that recent sampling on the Cobrasco East Porphyry has yielded significant copper, gold and silver values in outcrop and float samples. The discovery is located approximately 2 kilometres east southeast of the Cobrasco Central drilling area in Colombia. Mapping indicates the new porphyry has a surface area of approximately 2 km2 . Figure 1 - Cobrasco East copper porphyry float and [...]
Rugby Resources Ltd. is pleased to announce that further to the news release dated June 22 2023, it has closed an oversubscribed non-brokered private placement and issued 23,496,667 units of the Company at a price of $0.05 per Unit for gross proceeds of $1,174,833.35 . 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. 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 [...]