Rugby Mining Limited Advances Salvadora Project in Chile, Delaying Drilling to Refine Targets

Strategic Insights -

Rugby Mining Limited, a Vancouver-based exploration company, is making steady progress at its Salvadora project in Chile's El Indio Gold Belt. The company has completed a detailed interpretation of an airborne geophysics and talus sampling program, geological mapping, rock chip sampling, and road construction. The recent airborne magnetic/radiometric survey has provided key structural information, delineating a +7-kilometer-long prospective host sequence. This work has led to the identification of 14 geochemical/geophysical targets, which are currently being ground-truthed.

Key Takeaways:

  • Rugby Mining Limited is advancing its Salvadora project in Chile's El Indio Gold Belt, a region known for significant gold and silver deposits.
  • The company has completed a comprehensive exploration program, including airborne geophysics and talus sampling, geological mapping, rock chip sampling, and road construction.
  • The airborne magnetic/radiometric survey has identified a +7-kilometer-long prospective host sequence, indicating a promising structure for high-grade silver-copper-gold mineralization.
  • 14 geochemical/geophysical targets have been identified, which are currently being ground-truthed to refine drilling locations and prioritize high-potential areas.
  • Rugby will delay drilling to ensure accurate targeting, potentially starting the 2,000-meter drilling program in February.
  • Surface rights access and water agreements have been completed, while drill access road and pad construction are progressing.
  • Hidden zones of alteration with secondary copper mineralization have been exposed during road construction in the talus cover.
  • The company's exploration program is led by experienced team members with a track record of successful mineral discoveries in South America.

Statistics:

  • 14 geochemical/geophysical targets identified at the Salvadora project
  • +7-kilometer-long prospective host sequence identified through airborne magnetic/radiometric survey
  • 2,000-meter drilling program expected to begin in February
  • 44 million ounces of gold and 875 million ounces of silver present in the El Indio Gold Belt
  • Total number of gold and silver ounces at the Salvadora project: [No data provided]
  • Number of drill-access roads and pads under construction: [No data provided]

Sources:

  • Rugby Mining Limited, "Rugby Mining Limited Advances Salvadora Project in Chile" (GLOBE NEWSWIRE, January 18, 2022)
  • Rugby Mining Limited, website ([www.rugbymining.com](http://www.rugbymining.com))