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Rugby Provides Exploration Update on its Gold-Silver Projects in Santa Cruz Province, Argentina [Yahoo! Finance]

Newmont Corporation (NEM) 
Last newmont corporation earnings: 2/20 06:55 am Check Earnings Report
Company Research Source: Yahoo! Finance
of environmental approval for drilling on the El Zanjon Project (“Zanjon”) south of the Cerro Vanguardia gold-silver mine (AngloGold Ashanti). Drilling water supplies have also been approved. A pre-drilling campaign of ground magnetics and geochemistry can now proceed ahead of a planned 28-hole drilling program. Zanjon is situated in the Chon Aike Formation of the Deseado Massif, a region of Jurassic age volcanics rocks that host a number of world class epithermal gold-silver systems. The Chon Aike epithermal vein systems are characterized by complex fault systems, some of which are highly mineralized. In the Zanjon area the prospective volcanics are covered by young, flat-lying sediments with an estimated 30-40 metres (“m”) thickness. Magnetics have proven highly effective in mapping Deseado Massif fault systems, with the Zanjon area being no exception. Rugby's magnetics has demonstrated that Zanjon covers a network of NW and EW structures that with ionic leach geochemistry are d Show less Read more
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