In 2019, Rugby conducted ground magnetic surveys which identified structural features considered prospective for gold mineralization beneath gravel cover. The initial geochemical program defined 10 zones of anomalous gold-silver geochemistry ranging from 320m to 2,800m in length along these structures. A number of these anomalies have coincident lower pH readings suggesting an acidic environment which can indicate oxidizing sulfides at depth, an association common to other epithermal projects in the region.
Mr. Bryce Roxburgh, CEO of Rugby commented, “We are using a similar exploration approach to that successfully employed for drill targeting at the multi-million ounce gold-silver Cerro Moro deposit. The El Zanjon area has been ignored in the past due to the absence of outcrop. The magnetic survey delineated structures prospective for gold silver mineralization within the favourable Chon Aike formation. The awaited results are expected to vector us closer to defining specific drill sites. Follow-up work early in 2021 will start as soon as practicable. It will comprise more detailed sampling and geophysics.”