Taruga to acquire two PNG projects

Taruga Minerals has entered into a 12-month option with Exploration & Management Consultants Pty Ltd and Metal Mining PNG Pty Ltd to acquire two projects in Papua New Guinea: the East Normanby gold project on Normanby Island, and the Kol Mountain copper-gold project on New Britain Island. East Normanby covers a tenement package spanning 491 square kilometres across eastern Normanby…

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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…

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