Rugby Resources Ltd. announced that recent exploration by Rugby?s joint venture partner, EMU NL at Georgetown has located significant copper and gold mineralization. EMU?s geological assessment and geochemical sampling program was designed to assess a number of higher-priority prospects. The region has had a long history of mining, particularly for gold, with over 1,000 mines, prospects and mineral occurrences identified within the district.

This includes the Kidston mine located approximately 90 kilometres (?km?) to the southeast. Kidston operated from 1985 to 2001 and was one of Australia?s largest historical gold producers producing 5.1 million ounces (145 tonnes) of gold*. EMU?s sampling program was designed to assess a number of higher-priority prospects within the Georgetown Project tenements utilizing termite mound and outcrop rock chip geochemistry.

A total of 46 rock chip and 489 termite mound samples were collected across eight prospects. The area of the high-grade quartz+copper oxide vein swarm at Fiery Creek is strongly localised within the Yataga Granitoid Complex and covers an area of 1.6km x 400 metres. The copper mineralization is now almost exclusively supergene altered to the copper oxide assemblage chrysocolla, malachite, tenorite, cuprite, and sooty chalcocite.

Most samples from Fiery Creek host grades = 1% with a high of 23.5% Cu including bismuth grades between 0.2% and 1.89% Bi. Additionally, the samples host significant lead, zinc and silver grades with strongly associated anomalous arsenic, antimony and tellurium. Petrology studies on outcrop indicate that the host quartz+copper oxide veins are unlikely to be associated with a simple mesothermal quartz+base metal vein system.

The veins appear to be unusually vuggy and lined with a second phase of silica deposition. These phases appear to have been subsequently overprinted by a late and lower temperature sulphide only stage dominated by copper sulphides with an unusually high content of bismuth sulfosalts. Camp Oven Creek Prospect: An access restricted field investigation to Camp Oven, with historic surface sample assays greater than 200 g/t Au recorded, Rain storms limited reconnaissance over the Camp Oven prospect produced a gold pan-concentrate from a shallow drain-way of up to 40 visible gold points in a single pan in addition to a 6 gram crystalline gold nugget discovered nearby.

The crystallinity of the nugget suggests that the gold source is proximal. Georgetown Future Work: Initial field work has highlighted the significant potential of the Fiery Creek Copper Prospect and Southern Yataga Granitoid Pluton areas with strong indications of the presence of a Cu-Mo-style porphyry system. Following the wet season in second quarter, EMU plans to continue geological mapping and systematic geochemistry to delineate the extent and tenor of mineralization at Camp Oven, Fiery Creek, Yataga South and Snake Creek prospects.

This work will be designed to generate geophysical survey and drill targets for the latter half of 2024. The geochemistry programs that were curtailed due to the early onset of seasonal wet weather will be completed at highly prospective gold and base metal targets to determine the full potential of the Georgetown Project.