Exploration Update at Otways Gold Project, Western Australia

VANCOUVER, British Columbia, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Rugby Mining Ltd. (“Rugby” or the “Company”) (TSX-V:RUG) is pleased to announce that regional sampling is underway at its Otways Gold Project (“Otways”) in the Pilbara, Western Australia, with results from the first area sampled now available.

Otways is located within the Pilbara region, an area well known for its gold potential and of reported “Witwatersrand-style” gold bearing conglomerate deposits recently announced by Novo Resources, De Grey Mining and Haoma Mining NL.

The program underway includes LAG sampling, a regional sampling technique to analyze low levels of gold in remnant minerals within soils. It is widely used in the arid terrain of Western Australia to generate target areas for follow up work.

To date, 56 LAG samples have been collected at 500 metre X 500 metre spaced intervals over an area of 11 square kilometres. Assay results range from <1ppb gold to a maximum of 185ppb gold. Two separate anomalies are defined, the larger of which covers an area of approximately 3 square kilometres (Figure 1). The anomalies are now being evaluated technically.

Two additional areas of historical gold geochemistry (Figure 1) are currently being sampled utilizing the LAG sampling technique.

Concurrently, our technical team will search for outcropping conglomerates and those potentially buried. Conglomerates have been mapped historically by government geologists within two kilometres of our licence boundary. Our focus will be the cross hachured area in red in Figure1. Metal detecting for gold nuggets will form part of the sampling methodology.

Figure 1: Contoured LAG sampling results and expanded program areas Click Here

Rugby’s CEO, Paul Joyce stated, “The exploration process at Otways is still in its early days. We will continue through November with ground work including the prospecting, LAG sampling and metal detecting.”

Otways comprises two contiguous exploration licences covering 134 square kilometres. Rugby owns 100% interest, subject to a 2% NSR to the vendors.

All LAG samples were assayed by Genalysis Laboratory Services in Perth, Western Australia. Samples were prepared using Genalysis’ SP01 method (drying, crushing, and pulverizing), and assaying for gold and 52 multi-elements by Genalysis’ AR10/MS52 technique. Genalysis is an independent and ISO-9001:2000 certified laboratory with no association to Rugby. Bryce Roxburgh, Rugby’s Chairman, geologist and a “qualified person” (“QP”) within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has verified the technical information that forms the basis for this news release.

About Rugby
Rugby is an emerging mineral resource company focused on a portfolio of projects having considerable potential for significant mineral discoveries. Rugby benefits from the experience of its directors and management, a team that has either been directly responsible for world-class mineral discoveries or have been part of the management teams responsible for such discoveries.

For additional information you are invited to visit the Rugby Mining Ltd. website at www.rugbymining.com

CAUTIONARY STATEMENT
Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the British Columbia, Alberta and Ontario Securities Acts. This includes statements concerning the Company’s plans at its projects including the expected approval of permits required for exploration, timing of drilling programs, prospectivity, high grade potential and potential for mineral discoveries, the style or occurrence of the mineralization such as “Witwatersrand-style”, and drilling costs which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the effect on prices of major mineral commodities such as copper and gold by factors beyond the control of the Company; events which cannot be accurately predicted such as political and economic instability, terrorism, environmental factors and changes in government regulations and taxes; the shortage of personnel with the requisite knowledge and skills to design and execute exploration programs; difficulties in arranging contracts for drilling and other exploration services; the Company’s dependency on equity market financings to fund its exploration programs and maintain its mineral exploration properties in good standing; political risk that a government will change, interpret or enforce mineral tenure, environmental regulations, taxes or mineral royalties in a manner that could have an adverse effect on the Company’s assets or financial condition and impair its ability to advance its mineral exploration projects or raise further funds for exploration; risks associated with title to resource properties due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the interpretation of laws regarding ownership or exploration of mineral properties in the Philippines and Colombia and in the sometimes ambiguous conveyancing characteristic of many resource properties, currency risks associated with foreign operations, the timing of obtaining permits to conduct exploration activities, the ability to conclude agreements with local communities and other risks and uncertainties, including those described in each of the Company’s management discussion and analysis and those contained in its financial statements for the year ended February 28, 2017 filed with the Canadian Securities Administrators and available at www.sedar.com. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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