Jul 29 2014
Rugby Mining Limited is pleased to announce preliminary high grade gold results from the recently completed diamond drilling program at the Great Northern Gold Project in the Pilbara region of Western Australia.
The initial drilling program was conducted at the early stage Berghaus prospect, located approximately 9 kilometres to the northwest of Wingina. Eight shallow holes for a total of 640 metres ("m") were drilled along 750 m of strike to target high grade gold mineralization associated with a series of northeast-trending structures in meta-sedimentary rocks. Two of the eight holes intersected visible gold mineralization. Preliminary gold assays have been received for all the drill holes and significant drill results include:
- RDD001 0.5m @ 11.9 g/t gold from 47.2m
- RDD002 1.0m @ 17.4 g/t gold from 15.5m
- RDD003 3.4m @ 6.25 g/t gold from 20.1m
- RDD006 1.4m @ 16.1 g/t gold from 63.2m
- RDD008 0.5m @ 10.7 g/t gold from 43.0m
Please click here for a plan locating all drill holes, for all significant drill intercepts above 1.0 g/t gold, and for drill hole details. All results are preliminary as assays are being verified and check samples are currently being assayed at another independent laboratory.
Rugby's CEO, Paul Joyce stated "We are encouraged by our initial program at Berghaus. We have both delineated high grade mineralization and are close to meeting the minimum expenditure requirement for the project by drilling holes previously permitted by our joint venture partner. Further drilling at Berghaus will now follow drilling at our top priority target, Wingina. Our objective at Wingina, is to test for potential depth extensions to the very high grade footwall gold zone. We believe that the host rocks are favourable for extensions of the high grade to significant depths. A 2,000 m drilling program is expected to commence early Q4, subject to permitting and drill rig availability.
Previous operators established a historical mineral resource at Wingina however, the resource was not completed in compliance with National Instrument 43-101 consequently the Company is not reporting any resource estimates prior to further evaluation. We plan to work with independent consultants to upgrade the historical mineral resource at Wingina to NI 43-101 requirements. Under our JV agreement the Company has an option to purchase 80% of the historical resource by 2018."