Rugby owns 100% of the Cobrasco project, subject to a 1% NSR. The Cobrasco Copper Project hosts an undrilled, large scale porphyry copper-molybdenum-gold target which was recognised during a joint German-Colombian government sponsored exploration program conducted in the mid-1980’s. No systematic exploration or drilling has been conducted since that time. The final permit required for Cobrasco drilling is outstanding and further studies are proposed.
The Company is currently working closely with the Colombian Mining Association to foster strong relationships with stakeholders and obtain industry related advice necessary for approaching a future permit application process. The Colombian Mining Association is also working diligently with mineral exploration and mining companies, including Rugby, to promote educational information about the benefits of a developed copper industry to the people and government of Colombia. Copper is believed to be a viable future source for jobs and significant government revenues, similar to neighboring countries like Chile and Peru.
Certain information contained herein can be considered forward Looking. Please click here to review the Company's cautionary statement for investors. Francisco Montes, the Company’s Chief Geologist 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.