Rugby Mining Limited announced that it has commenced its drilling program at the Motherlode Gold-Copper Project (“Motherlode” or the “Project”), Surigao Del Norte, Philippines. Results can be expected from late August onwards.
As stated in the press release dated June 5th, 2019, Rugby is targeting the depth extension to the high grade epithermal vein system and a deeper porphyry copper-gold target specified by an Induced Polarization survey.
Separately, a comprehensive mapping and auger sampling program was finished over a likely fault block to the southwest of the Motherlode mine. Auger sample assays are anticipated.
The Motherlode deposit was mined over a vertical depth of 245 m and a strike length of 765 m. Production between 1937 and 1953* is reported to have been about 500,000 oz. of gold at a recovered grade of 14g/ton. The mine was said to be one of the Philippines’ highest-grade producers*.
Paul Joyce, Rugby’s COO, Director, and a “qualified person” (“QP”) within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has confirmed the technical information that forms the basis for this press release.
*This historical estimate is presented for reference purposes only. A majority of the records on actual ore produced at Motherlode were destroyed during WW2 and later by fires. However, management has examined physical evidence at the site and existing geological data to confirm that the estimation is suitable for presentation purposes.
Source : http://www.rugbymining.com/