Rugby Mining Limited reported on recent exploration progress on its projects. El Zanjon Project, Santa Cruz Province, Argentina: The company is targeting high grade gold silver epithermal veins in the Deseado Massif, host to a number of exceptional epithermal deposits. Rugby's project is 30 kms southeast of Cerro Vanguardia in an area previously unexplored due to 50 to 100 meters (“m”) of sedimentary cover.

The terrain is interpreted to be adirect continuation of the Cerro Vanguardia mine host rocks. Work by Rugby began 2 years ago with regional magnetic surveys, a tool to map the subsurface volcanic terrain. That work identified northwest trending magnetic features (lows), several of which bisect a prominent, 10 km wide circular magnetic high.

Further ground magnetic surveying identified east-west structures considered ideal for potentially hosting high grade gold silver mineralization. To confirm that potential 468 ionic leach geochemical samples were taken at 320 m intervals along the prospective structures. Results from that sampling have now been received showing significant gold anomalies with elevated values of silver, arsenic and molybdenum.

The broad distribution of the anomalies and their close association with structures suggests the El Zanjon project has captured a potential mineral field, the size of which is comparable to Cerro Moro and Cerro Vanguardia. The sample density will now be closed down to 160 m spacings after which they will further close in the ground magnetics. CobrascoCopper Project, Colombia: Field work has commenced on the Cobrasco Project, including environmental, orientation geophysics and both soil and rock sampling.

The environmental work was a continuation of previous assessments that included both soil and vegetation categorisation work. Specifically which areas have limited forest cover and relatively good access. This work was conducted by recognised environmental experts.

The auger soil geochemical program has delineated a significant copper-molybdenum anomaly that remains open in two directions. The figures graphically illustrate very elevated copper-molybdenum values in soils. Rock chip sampling results are awaited.

SalvadoraCopper-Silver Project, Chile: Field work including geologic mapping and drill planning continued through to the onset of the southern winter. The southern prospect named Heliodora is considered the most favourable drill target. The vein system is potentially a 50 m wide zone within a north trending structure.

The strike of the structure has been modified by a north westerly structure. Three additional drill targets were identified along the 7 km long alteration feature.