Ruby Red Resources announces drilling results on Zeus and Gar properties


    CALGARY, Sept. 7 /CNW/ - Ruby Red Resources Inc. ("Ruby Red" or the
"Company") is pleased to report the results of the drilling on its Zeus and
Gar properties. Gordon Turner, P. Geol., Vice-President, Exploration of Ruby
Red, announces that confirmation drilling on the Company's 100% owned Zeus
property located 15 kilometres southwest of Cranbrook, B.C. has intersected
significant copper mineralization over 57 metres as follows:

    DDH 01-2007

    Interval      Length        Cu           Bi            Ag           Au

    (metres)     (metres)       (%)     (gm/tonne)    (gm/tonne)      (ppb)

    116 - 143         27         0.49           -             -            -
    143 - 153         10         1.23       163.6         11.58         87.5
    153 - 173         20         0.54           -             -            -
                      --         ----
                      57    Avg. 0.63

    The intersection averages 0.63% Cu, 3.8gm/tonne Ag, and 87gm/tonne Bi
over the entire 57 metre interval. The mineralization is associated with a
quartz flooded zone displaying intense argillic alteration typically
associated with porphyry style mineralization. The presence of intense quartz
stock working and the zonation of the mineralization are typical of Cu - Au
porphyry systems as is the presence of significant Ag - Bi values. The
mineralization is hosted in a complexly altered, brecciated quartz - albite
zone, extending from 75 metres to 216 metres, comprised of syenite intrusive
material hosted by intensely argillic altered sediments.
    Shallower drilling by a previous operator intersected lower grade
mineralization in less intensively altered rock that indicates both alteration
and mineral grades are increasing with depth. Specular hematite has been
located in albitized and brecciated sediments which outcrop adjacent to the
mineralized zone and are associated with a regional fault. This setting is
typical of porphyry and IOCG styles of mineralization. Additional drilling is
warranted to expand the mineralization.
    Ruby Red is also pleased to report that drilling on the Company's 100%
owned Gar property located 30 kilometres west of Cranbrook, B.C. also
intersected significant precious and base metal mineralization as follows:

    Gar 07-2

    Interval      Length      Au        Ag          Pb        Zn        Cu
    (metres)     (metres)   (ppm)     (ppm)         (%)       (%)       (%)

    30.0 - 31.0     1.0     0.110      21.6        0.07      0.08      0.03
    31.0 - 32.0     1.0     0.050      34.8        0.02      0.13      0.03
    32.0 - 33.2     1.2     0.016      25.9        1.56      2.40      0.05
    33.2 - 34.5     1.3      3.04     394.0        2.40      0.06      0.32
    34.5 - 36.0     1.5      0.01       4.4        0.83      0.19      0.05

    The drill hole tested a mineralized shear zone within a quartz monzonite
stock discovered and trenched in the 2006 work program. Ruby Red is encouraged
by these results as it indicates the intrusions as well as the hosting
sediments have significant gold and silver mineralization associated with
shear zones. Detailed soil geochemistry will be used to target more zones
prior to trenching and drilling. The Angus Creek stock located 4 kilometres to
the south of the Gar has established gold soil anomalies and gold hosted in
quartz veins in both the intrusion and host sediments which will be drill
tested in the 2008 field season.
    Ruby Red has identified the Cranbrook region as an excellent geological
setting for porphyry/IOCG style mineralization. To date 15 'granitic'
intrusions with associated Au, Cu, Mo, Bi, Pb, Zn, Ag, As, Co and W
mineralization have been identified. Age dating on these intrusive features
has returned dates of 120 to 90 million years which is consistent with other
intrusions associated with producing mines. These features in the Cranbrook
region appear to be controlled by a deep seated crustal suture known as the
Kanasewich Lineament.

    Ruby Red holds a 100% working interest in 135 mineral claims
(approximately 40,000 hectares) in the Cranbrook area and the Company
continues to actively explore these properties from the grass roots to drill
ready stage. Ruby Red is also actively seeking experienced exploration/mining
companies to assist in the development of these opportunities.

    Except for statements of historical fact, this news release contains
certain "forward-looking information" within the meaning of applicable
securities law. Forward-looking information is frequently characterized by
words such as "plan", "expect", "project", "intend", "believe", "anticipate",
"estimate" and other similar words, or statements that certain events or
conditions "may" or "will" occur. 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, which include but are not
limited to risks inherent in the mining industry, regulatory and economic
risks, and risks associated with the Company's ability to implement its
business plan. The Company undertakes no obligation to update forward-looking
information if circumstances or management's estimates or opinions should
change except as required by applicable law. The reader is cautioned not to
place undue reliance on forward-looking statements.


For further information:

For further information: Randall Tronsgard, Vice-President, Corporate
Development of Ruby Red, at (403) 770-1346, or 1-866-257-4337

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890