Posted in | News | Gold | Copper | Mining Business

Rugby Mining to Acquire Majority Share of Copper Gold Project in Colombia from Rio

By Joel ScanlonOct 12 2010

Canadian explorer Rugby Mining (TSX:RUG) is to acquire up to 60% interest in the Comita porphyry copper gold project in Colombia. The company is entering into an agreement with Rio Tinto, which currently owns the project.

The project is located 100 km south west of Medellin in the Choco Region of Colombia. The Comita Project covers an area of 45 square kilometres and is located within undulating terrain with elevation of up to 900 meters.

The Choco region is an established mining / exploration district in Colombia and already plays host to a number of significant gold mines and copper gold porphyry discoveries. These include the Medoro Resource Marmato deposit and the Frontino Gold Mine.

Paul Joyce, the President and CEO of Rugby Mining said that Comita was an exciting opportunity for Rugby as they brought their focus to the discovery of large gold rich copper porphyry systems. The region was known to host major gold projects and yet much of the area is unexplored.

Paul Joyce was optimistic that given the geological characteristics of the project, Comita represents a very significant discovery opportunity for the Company.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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