Activity History
Ruby Red has owned the main core claims of the Eddy property since 2002. The property was subsequently expanded by additional staking and through conversion of claims to the new “Mineral Tenure” operating system. Ruby Red’s initial work on the properties during the 2002 exploration program required additional exploration work in 2003. In 2003, further exploration was conducted with additional geologic mapping, soil and rock geochemistry and trenching.
In 2004, exploration work on the Eddy property included geologic mapping, rock geochemistry (49 samples), contour and grid soil geochemistry (250 samples) and very low frequency-electromagnetic (“VLFEM”) surveying. Much of the work was carried out on or near the OBFS. The work that was completed from 2002 to 2004 allowed Ruby Red to develop drill targets for the 2005 exploration year.
November 30, 2005 Ruby Red entered into the Super Group Agreement with Super Group pursuant to which Ruby Red agreed to acquire certain mineral claims and exploration data from Super Group.
In 2006, the Ransom Report (National Instrument 43-101, March 2006) and Walker Report (National Instrument 43-101, April 2005; revised February 2006) were completed and detailed the exploration potential of The Rockies, The Purcells and The Vine for four styles of mineralization: (i) structurally controlled gold mineralization, (ii) intrusion-related gold mineralization, (iii) porphyry copper-gold mineralization, and (iv) sandstone-hosted copper deposits.
On December 19, 2006, Ruby Red Resources Inc. amalgamated with Stonecliffe Capital Inc. a Capital Pool Corporation. The amalgamation was the “Major Transaction” for Stonecliffe. On December 27, 2006 the Company was listed for trading on the TSX Venture Exchange under the trading symbol “RRX”.
In 2007, Ruby Red’s drilling activity was focused on its currently-defined gold targets, one copper target and one exceptional PbZnAg target. A total of 12 drill holes (1,412 metres) were completed. In addition to the drilling program, the Company signed a letter of intent to option a sedimentary copper property (the "Robocop Property") in southeast British Columbia.
In May 2007 Ruby Red drilled its 100% owned Zeus property and intersected
significant copper mineralization over 57 metres.
DDH 01-2007
- Cu 0.63%
- Bi 87gm/tonne
- Ag 3.8gm/tonne
The mineralization is associated with a quartz flooded zone displaying intense argillic alteration typically associated with porphyry style mineralization.
In May 2007 Ruby Red also drilled its 100% owned Gar property and intersected
significant precious and base metal mineralization.
Gar 07-2
- Au 3.04 (ppm)
- Ag 394.0 (ppm)
- Pb 2.40 (%)
- Zn 2.40 (%)
- Cu 0.32 (%)
The drill hole tested a mineralized shear zone within a quartz monzonite stock
discovered and trenched in the 2006 work program.
The fall drill program was completed on the Corporation’s 100% owned Zeus property (319 metres), 100 % owned Jacleg property (181 metres) and 100% owned Loose Leg property (124 metres) for a total of 624 metres. A number of mineralized intersections were encountered on the various properties.
The Company signed a letter of intent to option a sedimentary copper property (the "Robocop Property") in southeast British Columbia. The Robocop Property is located on the west flank of the Rocky Mountains immediately north of the United States border at Roosville, Montana. The Robocop Property is 3,812 hectares in size and is comprised of ten mineral tenures (claims).
The area surrounding the Robocop Property and adjacent ground have previously been explored by Cominco Ltd., Teck Exploration Ltd. and by Noranda Ltd. Historical work focused on an area of copper mineralization where trenching and some diamond drilling were completed by Teck in 1990. Trench results returned up to 1.93% copper over 6 metres and drilling intersected up to 1.35% copper over 5.48 metres. This drill intersection included 271 ppm (0.027%) cobalt. Cobalt is commonly associated with copper on the property.