Rugby Resources Commences Exploration at the Mantau Copper-Gold Project, Chile - Seite 2

Figure 3. Mantau project showing significant assay sample locations (left photo) and caliche regolith (right photo).
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Figure 4. Artisanal working (left photo) and dump sample 15288 (396236E 7449145N) assayed 16.7% Cu and 5.91 g/t Au.
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Planned Work

The Company is in discussions with contractors for the detailed drone magnetic-radiometric surveying of the areas of interest. This program will be followed by geologic mapping and geochemical sampling of the magnetic targets delineated. Rock sampling will be focussed on creeks, washouts and excavations where bedrock is closer to surface. Favourable targets are expected to be drill tested in 2025.

Technical Information and Quality Control & Quality Assurance

All samples at the Mantau Project were bagged and sealed on site and delivered to ALS Laboratory in Coquimbo, Chile. Samples were prepared and assayed for gold by 30g Fire Assay and AAS at the ALS Laboratory in Santiago, Chile. Four Acid ICP-AES multi-element package (33 elements) including silver, copper, lead and zinc with Assay Grade Four Acid ICP finishing for silver, copper, lead and zinc overlimits were assayed at the ALS Laboratory, Lima, Perú. Both are international accredited laboratories under ISO/IEC 17025 standards.

Qualified Person

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 scientific and technical information that forms the basis for this news release. Paul Joyce is a Fellow of the Australian Institute of Geoscientists (registered member # 1908).

About Rugby

Rugby is an exploration company conducting “discovery stage” exploration on targets in Argentina, Australia, Chile, Colombia and the Philippines. The Company’s copper focus includesthe potential discovery of a high-grade copper-molybdenum-gold porphyry at Cobrasco, Colombia, where it continues to make progress in securing a potential partner to advance the project and a copper-gold-iron oxide system at Mantau, Chile. In Argentina our focus is on high grade gold-silver discoveries near existing mines in the prolifically mineralized Santa Cruz Province. In addition, the Company has a copper gold project in Georgetown, Australia, being advanced by EMU Resources NL under a JV agreement and holds the Motherlode copper-gold project in the Philippines.