Rugby Provides update On Activities In Response To Covid-19
Vancouver, B.C., April 9, 2020 – Rugby Mining Limited (“Rugby” or the “Company”) (TSX-V: RUG) reports that the Company is temporarily suspending its exploration operations and reducing expenditures, including salaries in response to the COVID-19 virus outbreak.
Mr. Bryce Roxburgh, the Company’s President and CEO stated, “The safety of our employees, consultants and contractors is of the utmost importance. Very importantly, I would like to sincerely thank all our employees who have voluntarily accepted substantial salary cuts”.
Mr. Roxburgh continued, “Rugby will continue to monitor the situation and remains dedicated to following health protocols to protect personnel. When it is safe to do so, exploration will recommence.
“In the meantime, we are awaiting results from sampling at El Zanjon, Argentina (see news release NR20-01 dated: February 26, 2020). Results are expected to be available for release in the coming weeks.”
The outbreak of the COVID-19 virus is also negatively affecting government departments in Colombia and as a result the grant of exploration titles awaited by Rugby will be delayed.
The Company has implemented a work from home policy for its employees and is supporting a small contractor crew temporarily stranded in our site office in the Philippines due to travel restrictions. The break in field activities will provide the Company’s technical teams in Colombia and Argentina an opportunity to review results to date and refine the 2020 exploration programs.
About Rugby
Rugby is an exploration company conducting “discovery stage” exploration on highly prospective targets in Colombia, Argentina, the Philippines and Australia. Importantly, Rugby controls a large portfolio of projects and applications in Colombia that have considerable potential for significant gold-copper discoveries.
The Company 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. Prior companies under their management included Exeter Resource Corporation and Extorre Gold Mines Limited, which held significant projects in South America. These companies were taken over by Goldcorp (Newmont) and Yamana respectively.
Source: Rugby Mining Limited