Rugby Completes Sampling at El Zanjon, Argentina

VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Rugby Mining Limited (“Rugby” or the “Company”) (TSX-V: RUG) is pleased to report that a recent geochemical sampling program has been completed at the El Zanjon gold-silver project in Santa Cruz province, Argentina.

El Zanjon covers approximately 600 square kilometers near world class mines at Cerro Negro (Newmont-Goldcorp), Cerro Vanguardia (AngloGold Ashanti) and Cerro Moro (Yamana) (Figure 1).

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0f752114-d81e-4c24 ...

Rugby’s work program at El Zanjon was initiated in late 2019 with ground magnetic surveys. These surveys successfully identified structural features that are considered prospective sites for gold mineralization beneath recent gravel cover. The geochemical program comprised some 108 surface samples collected at 320-meter spaced intervals. The sample locations follow the structural targets defined by the ground magnetics as shown in Figures 2 and 3. It is anticipated that this program’s results will identify prospective targets for more detailed sampling, magnetic surveying and drilling.

Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/19463dc0-519a-48a9 ...

Figure 3 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c93e4e74-5fd6-4f35 ...

Samples will be analyzed by ultra-low detection Ionic-Leach at ALS in Vancouver. The turnaround time is estimated to be 4 to 6 weeks.

Figure 4 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc2c53b0-f0ff-4114 ...

Colombia Update
Field work is continuing on Rugby’s Pastora project in the Bucaramanga region (Figure 5). Detailed follow-up sampling of anomalous gold locations is underway. In addition, geophysical consultant Southernrock Geophysics has designed IP and ground magnetic surveys covering previously defined areas of anomalous gold geochemistry.

The IP lines are proposed to be spaced at 400-meter intervals and a 100-meter dipole length, comprising a total of 20-line kilometers. Ground magnetics would cover a total of 35 square kilometers, with a 200-meter line spacing for a total of 180-line kilometers. The planned geophysical surveys which are appropriate for porphyry mineralization and high sulphidation epithermal style deposits, would follow the expected near-term grant of exploration licenses.