OTWAY PROJECT, PILBARA REGION, WESTERN AUSTRALIA
Rugby has acquired two mineral property concession applications which cover prospective areas for gold and copper mineralization in the Pilbara region of North Western Australia. The Pilbara is well known for its gold potential and recently reported "Witwatersrand-style" gold bearing conglomerate deposits by Novo Resources (TSX-V:NVO), De Grey Mining (ASX:DEG) and Haoma Mining NL (ASX:HAO) confirms the prospectivity of the region.
The Project is situated near a number of Novo Resources properties between Marble Bar and Nullagine, in an area actively prospected for gold nuggets (Figure 1). Rugby’s granted tenements have both gold workings and gold anomalies which we will investigate. Reconnaissance will also be conducted for prospective gold bearing conglomerates and the numerous copper occurrences within the property.
Rugby comprises two contiguous exploration licenses covering 134 square kilometers. Rugby own 100% interest in Otway, subject to a 2% NSR.
Rugby is encouraged by the region’s prospectivity and the potential for discovery for both gold and copper. Otway satisfies all parameters required by management including:
potential for discovering a large gold and or copper deposit;
favorable permitting regime within a highly rated investment jurisdiction;
excellent infrastructure with many of Australia’s largest iron mines in the region;
year-round exploration and mining access; and
reasonable drilling costs and drill rig availability
Certain information contained herein can be considered forward Looking. Please click here to review the Company's cautionary statement for investors. Paul Joyce, the Company’s President and CEO and a “qualified person” within the definition of that term in NI 43-101, has supervised the preparation of the technical information contained on this webpage.