Posted in | Gold | Copper | Mining Business

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

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.

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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