Ruby Red Resources Inc. is pleased to announce visual results on the first of three scheduled drill holes on their 100% owned Zeus property located 35 kilometres west of Cranbrook, British Columbia.
Diamond Drill Hole (DDH) 08-01 was drilled to extend the mineralized zone encountered in DDH 07-01 (previously announced in the news release of June 10, 2008) which intersected 95 metres of 0.436% Cu, 2.24 gm/tonne Ag , 106 ppm Co and 49 ppm Bi. DDH 08-1 intersected 270 metres of silicified quartz stockwork breccia with significant visible sulphide mineralization in disseminated, semi-massive and massive states.
Sulphide minerals include primarily pyrite and an unidentified dark sulphide with minor chalcopyrite and arsenopyrite. The hole encountered the silicified quartz stockwork breccia from a measured depth of 245 metres to 515 metres. The zone has intensive argillic alteration and is highly silicified throughout the mineralized intersection.
Ruby Red believes that the recent drill hole results, with the presence of visible copper sulphides being observed on site by the project geologist, are very encouraging and could be of significant importance to the Company if the assay results pending are favourable. Notwithstanding the foregoing, visible observations are estimates only and pending assay results may not confirm visual observations in whole or in part. The widths given above are core widths only and do not represent true widths which cannot be determined at this time.
The drill has been moved 150 meters to the east and will be drilled at a -70 degree angle to intersect the zone at depth and along strike to determine the continuity of the mineralization.
Ruby Red was formed to participate in the acquisition, exploration and development of mineral claims in the Fort Steele Mining Division of British Columbia for the purpose of exploring for precious and base metals. Ruby Red holds 100% working interests in 144 mineral claims (approximately 44,000 hectares), all located within 80 kilometres of Cranbrook, B.C. in the Purcell and Rocky Mountains. -- www.cnxmarketlink.com
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