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Rugby Mining Limited (RUG.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.10500.0000 (0.00%)
At close: 1:51PM EDT
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Previous Close0.1050
Open0.1050
Bid0.1050 x 0
Ask0.1250 x 0
Day's Range0.1050 - 0.1050
52 Week Range0.0700 - 0.1900
Volume20,000
Avg. Volume41,231
Market Cap11.415M
Beta (5Y Monthly)1.52
PE Ratio (TTM)N/A
EPS (TTM)-0.0110
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Rugby Completes Detailed Sampling / Magnetics at El Zanjon Gold-Silver Project, Argentina
    GlobeNewswire

    Rugby Completes Detailed Sampling / Magnetics at El Zanjon Gold-Silver Project, Argentina

    VANCOUVER, British Columbia, June 01, 2021 (GLOBE NEWSWIRE) -- Rugby Mining Limited (“Rugby” or the “Company”) (TSX-V: RUG) is pleased to report that previously reported gold-silver anomalies have been followed up with a third round of exploration on the El Zanjon property. The project is south of the high-grade Cerro Vanguardia mine in Argentina (Figure 1). A total of 506 soil samples and 422-line kilometres of ground magnetics were completed. Results are awaited. Yale Simpson, Rugby’s Chairman stated: “We continue to be encouraged by the way targets are emerging from what began as a conceptual gold play. The soil sampling is now on 160 metre spaced lines with the ground magnetics on 80 metre lines. The results will determine whether another program of soil sampling is necessary before drill targeting. Fortunately, our team has considerable experience in the Deseado Massif giving us the confidence to pursue this step-by-step discovery strategy in what is undoubtedly a world class gold district.” El Zanjon is entirely covered by gravels making geochemistry and magnetics the ideal tools for the discovery of an unexplored gold system. This program will further define gold-silver anomalies related to magnetic features/structures considered prospective for epithermal gold-silver deposits (Figure 2). Click here for: Figure 1: Major mineralizing structures in Deseado Massif Gold-Silver District showing the priority targets at the El Zanjon Project The program just completed is further defining pH anomalies indicating more acidic conditions potentially reflecting sulphides associated with gold-silver mineralization in the underlying Chon Aike Formation in the Deseado Massif (Figure 2). When the soils results are to hand, we will determine the correlation between the pH anomalies and the gold-silver anomalies. Click here for: Figure 2: El Zanjon horizontal gradient magnetics and zones of low pH values Previous work by Rugby included ground magnetics and low detection geochemical sampling at 320m intervals over selected parts of the property. Gold-silver geochemical anomalies were then followed up in the current program with a total of 456 soil samples collected at 160m intervals. An additional 50 samples were collected at 320m spacing along two structures in the northern sector of the project area. Assay results are expected in June. Paul Joyce, Rugby’s Chief Operating Officer, Director and a “qualified person” (“QP”) within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has verified the technical information that forms the basis for this news release. About RugbyRugby is an exploration company conducting “discovery stage” exploration on targets in Colombia, Argentina, the Philippines and Australia. The Company controls a portfolio of gold projects in Colombia that do not require the drilling approval process that stalled the Cobrasco copper project in Choco Province. These projects are proceeding through the grant process at present. Rugby benefits from the experience of its directors and management, a team that has either been directly responsible for world-class mineral discoveries or have been part of the management teams responsible for such discoveries. Prior companies under their management included Exeter Resource Corporation and Extorre Gold Mines Limited, which held significant projects in South America. These companies were taken over by Goldcorp (Newmont) and Yamana respectively. For additional information you are invited to visit the Rugby Mining Limited website at www.rugbymining.com. Robert Grey, VP, Corporate CommunicationsTel: 604.688.4941 Fax: 604.688.9532Toll-free: 1.855.688.4941Suite 810, 789 West Pender St.Vancouver, BC Canada V6C 1H2info@rugbymining.com CAUTIONARY STATEMENTCertain of the statements made and information contained herein is “forward-looking information” within the meaning of the British Columbia, Alberta and Ontario Securities Acts. This includes statements concerning the Company’s plans at its projects including progress on obtaining approval for its exploration concession applications in Colombia, the expected timing of drilling and/or geophysics programs, prospectivity, high grade potential and potential for mineral discoveries, the style or occurrence of the mineralization and drilling costs which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. In addition, the Company holds certain of its projects under option agreements, which require expenditure and/ or drilling requirements in order to maintain its interest. Should the Company not be able to meet its obligations or renegotiate the agreements it will lose its rights under the option agreement. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the effect on prices of major mineral commodities such as copper and gold by factors beyond the control of the Company; events which cannot be accurately predicted such as political and economic instability, terrorism, environmental factors and changes in government regulations and taxes; the shortage of personnel with the requisite knowledge and skills to design and execute exploration programs; difficulties in arranging contracts for drilling and other exploration services; the Company’s dependency on equity market financings to fund its exploration programs and maintain its mineral exploration properties in good standing; political risk that a government will change, interpret or enforce mineral tenure, environmental regulations, taxes or mineral royalties in a manner that could have an adverse effect on the Company’s assets or financial condition and impair its ability to advance its mineral exploration projects or raise further funds for exploration; risks associated with title to resource properties due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the interpretation of laws regarding ownership or exploration of mineral properties in the Philippines and Colombia and in the sometimes ambiguous conveyancing characteristic of many resource properties, currency risks associated with foreign operations, the timing of obtaining permits to conduct exploration activities, the ability to conclude agreements with local communities and other risks and uncertainties, the ongoing effects of the COVID 19 virus and including those described in each of the Company’s management discussion and analysis and those contained in its financial statements for the year ended February 29, 2020 filed with the Canadian Securities Administrators and available at www.sedar.com. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

  • Rugby Announces Three Exploration Permits Granted within the Georgetown Goldfield, Australia
    GlobeNewswire

    Rugby Announces Three Exploration Permits Granted within the Georgetown Goldfield, Australia

    VANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) -- Rugby Mining Limited (“Rugby” or the “Company”) (TSX-V: RUG) is pleased to advise that it has been granted three exploration permits totalling 849 square kilometres (“km2”) covering extensive gold occurrences in the Georgetown region in North Queensland, Australia. The three exploration permits form Rugby’s new Georgetown Project and exploration will commence in Q2, 2021. Highlights Three Exploration Permits (100% Rugby) granted over 849 km2 at Georgetown.Significant historical bullion production recorded from numerous gold mines at Georgetown.At Perpendicular Peak, high-grade silver and gold targets were identified at the Snake Creek and Munitions Creek prospects.A porphyry copper target at Fiery Creek is defined by a large circular magnetic anomaly with associated copper occurrences. The Georgetown Project comprises three granted exploration permits (100% Rugby) covering 849 km2 centred on Georgetown in North Queensland, Australia (Figure 1). Click Here for:Figure 1: Georgetown Project Location The region has had a long history of mining, particularly for gold, with over 1,000 mines, prospects and mineral occurrences identified within the district. This includes the Kidston mine located approximately 90 kilometers to the south east. Kidston operated from 1985 to 2001 and was one of Australia’s largest historical gold producers producing 5.1 million ounces (145 tonnes) of gold*. The Georgetown region lies in the Proterozoic Etheridge Province of the North Australian Craton. Plutonic, intrusion-related and epithermal styles of mineralization have been identified in the region (Figure 2). Click Here for:Figure 2: Georgetown Regional Geology Yale Simpson, Rugby's Chairman, stated, "We are fortunate to have secured a large land position in a very favourable environment to host gold and silver deposits. Little to no systematic modern exploration has been done. Given the abundance of gold and silver occurrences and the area's structural complexity we will focus exploration on major structural traps for mineralizing fluids in the Georgetown Goldfield. "We believe this is the perfect project to explore at modest cost while we await permitting on our more advanced Colombian gold, silver and copper projects." Georgetown The Georgetown permit contains numerous gold mines which mostly operated from circa 1880 to 1900. Significant historical bullion production was recorded from 18 mines located along the Delaney Fault (Figure 2). The largest producers* include the following mines: MineGold Bullion MinedPeriod North Star287.8 kg (10,152 oz)1879-1895 St. George154.8 kg (5,460 oz)1877-1915 Spero Meliora106.6 kg (3,760 oz)1878-1903 Victoria95.6 kg (3,372 oz)1878-1913 Papa94.7 kg (3,340 oz)1894-1896 Better Luck93.6 kg (3,302 oz)1877-1913 Owens93.1 kg (3,284 oz)1894-1899 Wexford86.1 kg (3,037 oz)1896-1907 & recent Coolgardie73.2 kg (2,582 oz)1879-1899 Fiery Creek The Fiery Creek permit, covering an area of 325 km2 is targeting epithermal style gold mineralization and intrusive hosted copper-molybdenum deposits. The area hosts several known gold and copper occurrences with the most significant being the Yataga copper prospect associated with a large aeromagnetic anomaly (Figure 3). Click Here for:Figure 3: Fiery Creek Aeromagnetics (RTP) Perpendicular Peak The Perpendicular Peak permit covering an area of 325 km2 is targeting high-grade silver and gold at the Snake Creek and Munitions Creek prospects (Figure 2). Snake CreekSilver-lead mineralization at Snake Creek is associated with a shear zone in rhyodacite of the Croydon Volcanics. The old workings comprise trenches and a 14 metre (“m”) deep shaft sunk below the zone of oxidation into sulphide mineralization. The old workings remain undrilled and will be the focus of Rugby’s initial exploration program. Sampling of the workings by Pickands Mather in 1971 recorded 1.8m of 9oz silver (Ag) and 18.6% lead (Pb). Later rockchip sampling by Battle Mountain (1988) recorded assays of: 852g/t Ag and 21.4% Pb794g/t Ag and 22.0% Pb Approximately 250m to the southwest of these samples other significant results include: 950g/t Ag and 13.7% Pb640g/t Ag and 14.0% Pb1,030g/t Ag and 18.6% Pb471g/t Ag and 21.4% Pb No significant gold assays were recorded - all results were <0.01g/t Au. Munitions CreekApproximately 10 km north of Snake Creek, Battle Mountain defined a 100m x 2m wide quartz vein swarm with gold values ranging from <0.01g/t to 22.5g/t. In 2006, Diatreme Resources conducted a shallow reverse circulation drilling program comprising 11 holes for 779m, with most holes intersecting low grade gold mineralization. Georgetown Exploration ProgramRugby plans to follow-up the historical gold mines located along a north-south structure in the centre of the Georgetown tenement and an alteration zone in the northwest (identified by processed Landsat imagery). This program will commence in Q2, 2021. Rugby’s other exploration targets include epithermal style gold mineralization and intrusive hosted copper-molybdenum deposits at Fiery Creek and the high-grade silver and gold targets at Snake Creek and Munitions Creek. * Metallogenic Study of Georgetown, Forsayth and Gilberton Regions, north Queensland - Terra Search Pty Ltd Report TS 2019/025 Paul Joyce, Rugby’s Chief Operating Officer, Director and a “qualified person” (“QP”) within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has verified the technical information that forms the basis for this news release. About RugbyRugby is an exploration company conducting “discovery stage” exploration on targets in Colombia, Argentina, the Philippines and Australia. The Company controls a portfolio of gold and gold-copper project applications in Colombia that do not require Department of Forestry approval for drilling as does the Cobrasco copper project in Choco Province. These gold projects have considerable potential for significant gold, silver and copper discoveries. The Company benefits from the experience of its directors and management, a team that has either been directly responsible for world-class mineral discoveries or have been part of the management teams responsible for such discoveries. Prior companies under their management included Exeter Resource Corporation and Extorre Gold Mines Limited, which held significant projects in South America. These companies were taken over by Goldcorp (Newmont) and Yamana respectively. For additional information you are invited to visit the Rugby Mining Limited website at www.rugbymining.com. Robert Grey, VP, Corporate CommunicationsTel: 604.688.4941 Fax: 604.688.9532Toll-free: 1.855.688.4941Suite 810, 789 West Pender St.Vancouver, BC Canada V6C 1H2info@rugbymining.com CAUTIONARY STATEMENTCertain of the statements made and information contained herein is “forward-looking information” within the meaning of the British Columbia, Alberta and Ontario Securities Acts. This includes statements concerning the Company’s plans at its projects including progress on obtaining approval for its exploration concession applications in Colombia, the expected timing of drilling and/or geophysics programs, prospectivity, high grade potential and potential for mineral discoveries, the style or occurrence of the mineralization and drilling costs which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. In addition, the Company holds certain of its projects under option agreements, which require expenditure and/ or drilling requirements in order to maintain its interest. Should the Company not be able to meet its obligations or renegotiate the agreements it will lose its rights under the option agreement. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the effect on prices of major mineral commodities such as copper and gold by factors beyond the control of the Company; events which cannot be accurately predicted such as political and economic instability, terrorism, environmental factors and changes in government regulations and taxes; the shortage of personnel with the requisite knowledge and skills to design and execute exploration programs; difficulties in arranging contracts for drilling and other exploration services; the Company’s dependency on equity market financings to fund its exploration programs and maintain its mineral exploration properties in good standing; political risk that a government will change, interpret or enforce mineral tenure, environmental regulations, taxes or mineral royalties in a manner that could have an adverse effect on the Company’s assets or financial condition and impair its ability to advance its mineral exploration projects or raise further funds for exploration; risks associated with title to resource properties due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the interpretation of laws regarding ownership or exploration of mineral properties in the Philippines and Colombia and in the sometimes ambiguous conveyancing characteristic of many resource properties, currency risks associated with foreign operations, the timing of obtaining permits to conduct exploration activities, the ability to conclude agreements with local communities and other risks and uncertainties, the ongoing effects of the COVID 19 virus and including those described in each of the Company’s management discussion and analysis and those contained in its financial statements for the year ended February 29, 2020 filed with the Canadian Securities Administrators and available at www.sedar.com. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

  • Rugby Mining Announces Closing of CAD$500,000 Non-Brokered Private Placement
    GlobeNewswire

    Rugby Mining Announces Closing of CAD$500,000 Non-Brokered Private Placement

    This news release is not for distribution to United States newswire service or for dissemination in the United States VANCOUVER, British Columbia, March 16, 2021 (GLOBE NEWSWIRE) -- Rugby Mining Limited (“Rugby” or the “Company”) (TSX-V: RUG) is pleased to announce that it has closed the non-brokered private placement announced February 19, 2021 (the “Private Placement”), subject to TSX Venture Exchange (“TSX-V”) approval. The Company took additional subscriptions over the February 19th, 2021 announcement and will issue 5,150,000 units (the “Units”) at a price of CAD$0.10 per Unit for gross proceeds of CAD$515,000 (the “Offering”). Each Unit consists of one (1) common share and one half (0.5) common share purchase warrant (a “Half Warrant”). Each full warrant (two (2) Half Warrants together) will entitle the holder thereof to purchase one (1) additional common share of the Company at an exercise price of $0.20 for a period of one (1) year from the Closing Date. Two directors participated in the Offering and will acquire, directly or indirectly, an aggregate of 1,250,000 Units. The participation by insiders in the Offering is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61- 101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities being issued nor the consideration being paid exceeds 25% of Rugby’s market capitalization. The Company paid CAD$6,250 as finder’s fees in connection with a portion of the Offering. All securities issuable pursuant to the Offering are subject to a four month hold period expiring from the date of TSX.V approval. Proceeds of the Offering will be used to fund Rugby’s exploration expenditures and general expenses. For additional information you are invited to visit the Rugby Mining Limited website at www.rugbymining.com RUGBY MINING LIMITEDBryce RoxburghPresident and CEO For further information, please contact: Rob Grey, VP Corporate CommunicationsTel: 604.688.4941 Toll-free: 1.855.688.4941Suite 810, 789 West Pender St.Vancouver, BC Canada V6C 1H2info@rugbymining.com NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE