Rugby makes discovery at Cobrasco project

Canadian-based exploration company Rugby Resources said recent surface sampling at its Cobrasco copper project in Colombia has yielded significant copper/molybdenum assay results. 

Additionally, a new molybdenum stockworked porphyry occurrence has been identified approximately 1 kilometer northeast of the Cobrasco Central drilling area. Reconnaissance mapping indicates the new molybdenum porphyry may represent a continuation of the primary mineralization intersected in drill holes approximately 1 km to the southwest.

“Rugby’s exploration program is making copper-molybdenum discoveries with significant surface dimensions. We are relatively early in the exploration-development process, but our success gives us reason to be confident Cobrasco could contribute to Colombia achieving the status of a global contributor to copper production,” said Chairman Yale Simpson.

“Copper demand is growing and new mines to meet the needs of clean energy projects, no matter what the technology adopted, will be in short supply. Rugby continues to make progress towards securing a major international mining company as a development partner. Our goal is to significantly advance the pace of exploration and development.”

The Cobrasco project is located within the Western Cordillera, a region representing a continuation of the prolific copper porphyry terrain that extends through Chile and Peru to the south, and Ecuador to Panama in the north.

Source: Rugby Resources

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