Rugby Mining has begun the drill campaign at the Interceptor project, which has porphyry gold and copper, in Argentina. The company’s 2,000 m of diamond drilling will examine a porphyry system that is outlined by a copper-gold geochemical anomaly, concurrent with a significant geophysical target.
The location of the project is around 100 km to the eastern part of the prominent Maricunga gold belt, Chile. The La Coipa and Maricunga gold mines and huge Caspiche and Cerro Casale copper-gold projects are included in the district. The Agua Rica deposits and the Alumbrera mine are located 150 km to the property’s northeast part.
During 1997, Newcrest Mining conducted a trenching program at the Interceptor property and found mineralization of gold and copper in an intrusive complex that houses a sediment. This trenching program opened secondary copper mineralization connected with altered dacite-hornblende porphyry intrusive up to thickness of 100 m. Sediments overlying and the gravel cover are not able to comprehend the level of prospective mineralization. The company did not perform any former drill program for analyzing the system at depth.
The company’s new geophysical survey outlined a 1,600 m broad chargeability anomaly and a concurrent resistivity, exposed towards north and south. The target of the preliminary drill program is on a low resistivity characteristic that may be connected with a strongly mineralized and altered part of the intrusive system, inferred to possibly expand to more than 1,000 m of depth. The company has scheduled these three drill holes to examine this huge target.