San Antonio is situated approximately 80km south of Medellin in the Mid-Cauca Gold District. It was visited due to its proximity to one of the properties recently acquired (announced June 1, 2016).
San Antonio hosts a porphyry type, multiphase sheeted and stockwork quartz vein system. Management considers the geological setting to be similar to a number of the most significant gold-silver deposits in the Mid-Cauca Gold District.
Rugby's CEO, Paul Joyce stated, "San Antonio was discovered when our geologists were investigating an adjacent tertiary mineralized porphyry occurrence on a Rugby concession application. It appeared that the porphyry system was continuing onto the adjoining San Antonio concession.
Subsequent follow-up identified a potentially large, un-drilled gold porphyry target on a prominent hill. The scale of the target is impressive, appearing to be some 1,000 metres by 800 metres in size. It is surprising that such a target remains un-drilled. Importantly, there are no small scale gold mining activities currently being conducted at the site."
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.