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Market:	ASX
Sector:	General Mining
EPIC:	RRE
Latest Price:	0.14 (0.00%)
52-week High:	0.22
52-week Low:	0.09
Market Cap:	4.76M

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Rubianna Resources

Rubianna Resources (ASX: RRE) is focused on gold and base metal exploration in the Peak Hill district of Western Australia.

Rubianna Resources expects drilling to commence in April at Ruby Well, WA

Monday, March 15, 2010

Rubianna Resources (ASX: RRE) has updated the progress of exploration activities at its gold and base metals projects in the Peak Hill mining district, northeast of Meekatharra in Western Australia.

An airborne VTEM (Versatile Time Domain Electromagnetic) survey has been completed over four project areas within the highly prospective Narracoota volcanic sequence of the Bryah Basin.

The VTEM survey is targeting conductors which may be indicative of massive sulphide mineralisation within the Company’s Ruby Well North, Ruby Well, Curley’s and Judge’s Find projects.

The company said these projects overlie similar rocks to those hosting Sandfire’s DeGrussa and Conductor 1 copper-gold deposits, which are located some 70km northeast from Ruby Well.

The VTEM survey has acquired approximately 1,100 line kilometres of electromagnetic and magnetic data along flight lines spaced between 100 and 150m, covering several significant structures within the predominantly surficial sediment covered projects.

The survey data will be processed and interpreted to identify exploration anomalies to be targeted during Rubianna’s future exploration programmes.

Statutory approvals required to commence the maiden drill programme at the Ruby Well project are well advanced and the company anticipates that drilling will commence as planned in early April.

The initial drill programme will comprise approximately 2,500 metres of RC drilling. It is designed to test significant historic, untested gold intersections along strike and at depth at the Ruby Anna, Ruby Anna East, Golden Globe, Bloodstone and Harder-to-Find prospects.

New exploration tenement application Rubianna also advises that following a successful ballot it will expand its tenement portfolio in the region. The new exploration licence application covers an area of approximately 114km² and is immediately adjacent to the Company’s Karalundi project.

It covers several regional structures that transect the Archaean/Proterozoic contact within the southwestern portion of the Yerrida Basin. In addition, a southeast trending gold and copper soil anomaly identified along Karalundi’s eastern boundary is interpreted to extend into the new exploration licence.

The company will provide further updates as the results from the various exploration activities become available.

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