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Rugby Resources Ltd. was a mineral exploration company whose news centered on copper, molybdenum, gold, and silver exploration assets in South America and Australia. Updates covered the Cobrasco copper project in Colombia, the Mantau iron-oxide-copper-gold project in Chile, gold-silver work at El Zanjon in Argentina, and joint venture exploration at Georgetown in Australia.
Rugby’s later news also documented corporate actions, including shareholder and capital-structure matters tied to the completed arrangement under which Pampa Metals acquired all outstanding Rugby shares in July 2025. The transaction made Rugby part of Pampa Metals’ South American copper exploration portfolio and led to steps toward delisting Rugby shares and ending Rugby’s Canadian reporting-issuer status.
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Rugby Resources Ltd has announced promising initial results from its third drill hole (CDH003) at the Cobrasco copper-molybdenum project in western Colombia. The hole has intersected 144.6m of 0.69% Cu and 155 ppm Mo from 156m depth, paused at 300.6m. CDH003 was drilled from the same collar as CDH002, which previously reported 172m of 0.74% Cu and similar molybdenum values. The ongoing drilling aims to define the potential of the system, with a target depth of 1,300m. Chairman Yale Simpson stated that these results highlight the impressive size potential of the Cobrasco discovery.
Rugby Resources has revealed results from the second drill hole, CDH002, at its Cobrasco copper-molybdenum project in Colombia. The drill hole intersected 172m of 0.78% CuEq within a broader 754m of 0.50% CuEq. This follows previous results from CDH001, which showed 82m at 1.00% CuEq. Rugby plans to continue drilling CDH003, which has already encountered copper-molybdenum mineralization at 300.6m depth and aims for a total depth of 1,300m. The company emphasizes the potential for a world-class porphyry system and is committed to high environmental standards and local community engagement.
Rugby Resources Ltd. has updated stakeholders on its Cobrasco copper-molybdenum discovery in Colombia. The company commenced drilling in August 2022 but has paused operations due to high helicopter costs and challenging capital markets. Rugby is seeking a strategic investor for funding, with drilling anticipated to resume in late Q1 2023. Assay results for drill holes CDH002 and CDH003 are expected in January 2023. The project manager expressed confidence in strong mineralization, indicating potential for significant discoveries in the area.