TSX VENTURE: RRX
CALGARY, Feb. 18 /CNW/ - Ruby Red Resources Inc. ("Ruby Red" or the
"Company") believes that it has defined the Kimberley Gold Trend ("KAT"). Ruby
Red is a small company with a large land position (44,000 ha.) in
south-eastern British Columbia, Canada. Our mission: to define quality mineral
exploration opportunities that can be developed in a sustainable and
environmentally responsible manner and that can contribute to the economic and
social well-being of local communities.
Kimberley Gold Trend (KAT): A New Interpretation
In this update we report on the Kimberley Gold Trend (KAT), an area
estimated to be 30 km wide and more than 100 km long where Ruby Red has a
significant property position.
Summary: A belt approximately 30 km wide and more than 100 km long,
called the Kimberley Gold Trend (KAT), cross-cuts the southern Purcell
Mountains, from southern Kootenay Lake to the Rocky Mountains east of
Kimberley and Cranbrook, British Columbia. The KAT contains more than 100
gold-quartz and polymetallic vein occurrences(1); a concentration not matched
north or south of the trend, as well as several placer gold deposits with a
cumulative production of more than 1.5 M oz.
The KAT is a region of oblique thrusting defined by the Moyie-Dibble
Creek, Cranbrook, St. Mary's-Lussier and Kimberley fault systems which,
together, describe a broad concave arc closing toward the southeast(2). The
southern portion of the arc cuts across the structural grain of the Purcell
Mountains. The many vein systems reported from within the KAT are interpreted
as a consequence of dilation related to shear displacement along subsidiary
faults. This type of structurally controlled dilation creates pipe-shaped
breccias and fracture zones up which fluid flow may focus. Hence, they
represent a fertile environment for the concentration of gold and other
metals. Some of the Z-shaped dilation zones (releasing fault bends) contain
Ruby Red has mineral claims containing gold-quartz vein systems upstream
from each of the major placer producing drainages in the region: Weaver Creek,
Moyie River, Perry Creek and Wildhorse Creek. The Company will focus its 2009
exploration activity in these areas, searching for gold in dilation zones
along shear zones.
Details of the Model: Ruby Red has a new geological model that it
believes explains the source of gold that fed more than 1.5 million ounces
into placer deposits in the Kimberley-Cranbrook region. The Moyie-Dibble
Creek, Cranbrook, St. Mary's-Lussier and Kimberley faults define an east-west
zone - the KAT - that cross-cuts the regional structural fabric of the Purcell
Mountains. The KAT is known for placer gold production as well as gold-quartz
and polymetallic vein systems. The objective is to find vein systems having
both grade and dimensions sufficient for gold production.
The KAT was a zone of transpression, which means fault motion was
oblique. This is important because the shear (strike-slip) component of fault
motion carries with it the potential for zones of dilation where brecciation
and veining is concentrated, fluid flow is focused, and the potential for
large accumulations of gold and or other metals is enhanced. A good example is
the David Property, located 30 km southwest of Cranbrook, in the headwaters of
tributaries flowing south into the Moyie River. According to Hoy (p,
"Gold mineralization, associated with galena and chalcopyrite, occurs in
zones of intense silicification within a number of shear zones...One of
the zones is 1 to 2 metres thick and has been traced on surface for 950
metres. Drill hole intersections include 1.5 metres assaying 26.76 grams
per tonne gold and 1.8 metres assaying 8.02 grams per tonne gold. The
David discovery is significant...because it represents a new exploration
target model in the Purcell Supergroup."
The shear zones that contain the David Property persist for at least 7 km
northeast along the trace of the Old Baldy Fault(4) on the Eddy Property owned
by Ruby Red. Samples from quartz veins in trenches having gold values to
13,565 g Au/tonne, and limited diamond drilling (10 holes, 455.98 m, 41 core
samples) returning up to 19.28 g Au/tonne have been reported(5). Z-shaped
offsets (releasing bends) along the shear zone define areas where dilation
(increased volume) creates potential for brecciation, veining, alteration and
mineralization. It is the Company's opinion that these are the targets that
merit exploration attention.
The key to exploring for this type of ore body is to recognize (in this
case) Z-shaped bends along faults. Each bend has the potential to dilate
during fault movement, providing a conduit up which fluid flow may be focused.
This model predicts steep, north-dipping, pipe-like geometries. This
means drilling programs will have to pay attention to the rake and plunge of
these structures because depth will be important when measuring tonnage
(1) Jakobeen, D. and Hoy, T., 1995, Mineral Occurrence Map (NTS 82G,
82F/E, 82J/SW, 82K/SE): BC Ministry of Energy, Mines and Petroleum
Resources, Geological Survey Branch Geoscience Map 1995-2.
(2) Wheeler, J.O. and McFeely, P. (comp.), 1991, Tectonic Assemblage Map
of the Canadian Cordillera and adjacent parts of the United States of
America: Geological Survey of Canada, Map 1712A, scale 1:2,000,000
(3) Hoy, T., 1993, Geology of the Purcell Supergroup in the Fernie west-
half map area, southeastern British Columbia: Province of British
Columbia Ministry of Energy, Mines and Petroleum Resources,
Geological Survey Branch, Bulletin 84.
(4) Reesor, J.E. (comp), 1996, Geology, Kootenay Lake, British Columbia:
Geological Survey of Canada, Map 1864A, scale 1:100,000.
(5) Walker, R.T., 2006, Report on the Eddy Claims for Ruby Red Resources
Inc: Technical Report - NI 43-101
Future Plans: Ruby Red is busy preparing to exploit this model in the
2009 field season. Several prospective dilation zones have been identified and
represent prime targets for prospecting, trenching and drilling.
Did You Know: According to Thorpe and Franklin (Geological Survey of
Canada, Economic Geology Report 36, 1984, p. 38) vein and shear zone gold
accounts for an estimated 25% of Canada's total cumulative gold production.
Many long term producers range from 1 to 6 million tonnes at grades of 7 g
Au/tonne but may be as large as 40 million tonnes averaging (greater than)8 g
This news release has been reviewed and approved by Gordon W. Turner, P.
Geo, President and CEO of Ruby Red and hereby designated as a "Qualified
Person" under National Instrument 43-101.
About Ruby Red Resources Inc.
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.
Certain statements contained in this news release constitute
forward-looking statements (the "forward-looking statements"). These
statements relate to future events or our future performance. All Statements
other than statements of historical fact are forward-looking statements.
Forward-looking statements are often, but not always, identified by the use of
words such as "anticipate", "budget", "plan", "continue", "estimate",
"expect", "forecast", "may", "will", "project", "potential", "target",
"intend", "could", "might", "should", "believe" and similar expressions.
Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are subject to a variety
of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those anticipated in the forward-looking
statements. Although we believe that the expectations reflected in the
forward-looking statements are reasonable, there can be no assurance that such
expectations will prove to be correct. We cannot guarantee future results,
level of activity, performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same, in whole or
in part, as those set out in the forward-looking statements and information.
Some of the risks and other factors that could cause results to differ
materially from those expressed in the forward-looking statements include, but
are not limited to: general economic conditions in Canada, the governmental
regulation of the mining industry, including environmental regulation;
geological, technical and drilling problems; unanticipated operating events;
competition for and/or inability to retain drilling approvals from regulatory
authorities; stock market volatility; volatility in market prices for
commodities; liabilities inherent in mining operations; changes in tax laws
and incentive programs relating to the mining industry; and the other factors
described in our public filing available at www.sedar.com. Readers are
cautioned that this list of risk factors should not be construed as
The forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. We undertake no duty to
update any of the forward-looking statements to conform such statements to
actual results or to changes in our expectations except as otherwise required
by applicable securities legislation. The reader is cautioned not to place
undue reliance on forward-looking statements.
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For further information:
For further information: Gordon Turner, President & CEO,
firstname.lastname@example.org; or Randall Tronsgard, Vice-President, Corporate
Development, email@example.com, (403) 770-1346 or