Rugby Mining Ltd. announces that, following agreement with the option holders, it has cancelled a total of 2,090,000 stock options. No consideration was paid upon the cancellation. Following the cancellation, the Company will have 11,250,000 stock options outstanding. For additional information you are invited to visit the Rugby Mining Ltd. website at www.rugbymining.com. Rugby Mining Ltd. Bryce Roxburgh President and CEO [...]
Rugby Mining Ltd. reports that it has, subject to exchange approval, granted an aggregate 4,620,000 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. For additional information you are invited to visit the Rugby Mining Ltd. website at www.rugbymining.com Rugby Mining Ltd. Bryce Roxburgh President and CEO For further [...]
Rugby Mining Ltd. is pleased to report the completion of a follow-up soil sampling program at the El Zanjon gold-silver project in Santa Cruz province, Argentina. The program targeted gold-silver geochemical anomalies located on magnetic structures considered prospective for hosting high grade epithermal gold deposits. Figure 1: El Zanjon regional location showing prominent structures within the ground magnetics survey In [...]
Rugby Mining Ltd. is pleased to report the commencement of a follow-up soil sampling program at the El Zanjon gold-silver project in Santa Cruz province, Argentina. The program will target gold-silver geochemical anomalies located on magnetic structures considered prospective for hosting high grade epithermal gold deposits . The El Zanjon epithermal gold-silver project was acquired for its regional geologic and [...]
Rugby Mining Ltd. is pleased to report that joint-venture partner Calidus Resources Ltd. have reported partial results from their first reconnaissance drilling program on Rugby’s Otways Project, Pilbara Australia. Calidus recently entered into a Heads of Agreement with the Company to earn up to 70% interest as reported in news release NR2004. Calidus recently completed five RC holes and one diamond hole with assays [...]
Rugby Mining Ltd. announces that it has entered into an amending agreement with All-Acacia Resources Inc. , for the acquisition of the Mabuhay project. The Second Amendment reduces and extends the staged payment terms under the option agreement. The Second Amendment staged payment terms are as follows: Year 1 US$50,000 payable in cash or shares* Year 2 US$50,000 payable in cash or shares* Year 3 US$50,000 payable in cash [...]
Rugby Mining Ltd. is pleased to announce that joint venture partner Calidus Resources Ltd. recently commenced a drilling program at the Otways Gold Copper Project in the Pilbara , Western Australia. Otways was last drilled in the 1970s with very encouraging copper results. Gold was not assayed at that time. Subsequently elevated gold values were returned from trenches within two kilometers of the drill holes. The Pilbara [...]
Rugby Mining Ltd. is pleased to announce that it has closed the non-brokered private placement announced June 29, 2020 , subject to TSX Venture Exchange approval. Due to exceptional demand, the Company took additional subscriptions over the June 29th, 2020 announcement and will issue 8,937,142 units at a price of CAD$0.07 per Unit for gross proceeds of approximately CAD$626,000 . Each Unit consists of one common share in [...]
Rugby Mining Ltd. announces that its board of directors has approved a proposed private placement offering of up to 8,571,429 units at a price of $0.07 per Unit for gross proceeds of up to $600,000 . 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 of [...]
Rugby Mining Ltd. is pleased to announce that the Company has signed a Heads of Agreement with Calidus Resources Ltd. to earn an interest of up to 70% in the Otways Gold-Copper Project . Otways is located approximately 50 kilometres from Calidus’ flagship Warrawoona Gold Project in the Pilbara, Western Australia. Warrawoona has JORC compliant resources totalling 800,000 oz gold and 450,000 oz gold *. Calidus press [...]
Rugby Mining Ltd. is pleased to report on the results of a soil sampling program recently completed on the El Zanjon gold-silver project in Santa Cruz province, Argentina. The program was initiated by Rugby as a follow-up to ground magnetic surveys which had outlined prospective structures for hosting epithermal gold silver mineralization characteristic of the Deseado Massif. The favourable host rocks underlie recent [...]
Rugby Mining Ltd. reports that the Company is temporarily suspending its exploration operations and reducing expenditures, including salaries in response to the COVID-19 virus outbreak. Mr. Bryce Roxburgh, the Company’s President and CEO stated, “The safety of our employees, consultants and contractors is of the utmost importance. Very importantly, I would like to sincerely thank all our employees who have voluntarily [...]
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