Ruby Red Resources commences Rockies drill program


    CALGARY, Oct. 18 /CNW/ - Ruby Red Resources Inc. ("Ruby Red") announces
that it has commenced drilling on its 100% owned Loose Leg and Jacleg
properties situated within its Rockies claim block.
    The Loose Leg target is structurally controlled gold associated with
Cretaceous felsic intrusions. The property is within a suite of mineralized
intrusions that are the focus of Ruby Red's extensive property position in the
Cranbrook area of the East Kootenays. The Loose Leg property contains a large
gold in soil anomaly that parallels the Rocky Mountain Trench and has a strike
length in excess of 15 kilometres; the entire strike length is held by Ruby
Red Resources. The property covers part of a large east verging recumbent to
overturned fold structure that is cut by both thrust and cross cutting fault
systems. Gold mineralization is associated with both fault sets. Initial
drilling will target a single gold and base metal mineralized cross fault that
hosts extensive quartz vein breccias and both coarse grained and fine grained
syenite masses.
    The Jacleg target will test the Lewis Creek fault which transects the
same large gold in soil anomaly associated with the Loose Leg claim block. The
Lewis Creek fault feature covers the locus of an oblique structural
intersection between the fault and the gold in soil anomaly. Two drill holes
are planned to test the fault at a gold copper and cobalt soil geochemistry
anomaly and a strong disseminated chalcopyrite showing within a thick, coarse
grained Proterozoic sequence of Fort Steele quartzites.
    This drilling program is Ruby Red's second since becoming a publicly
traded company. In the spring of 2007 Ruby Red tested targets on its Zeus and
Gar properties within its Purcell claim block. The first drilling program was
highlighted by a 57 metre intersection of 0.63% Cu on its Zeus property within
a porphyry setting and anomalous gold (3.04 gms/tonne over 1.3 metres) within
a quartz monzonite stock at the Gar property.

    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 135 mineral claims (approximately 40,000
hectares), all located within 35 kilometres of Cranbrook, B.C. in the Purcell
and Rocky Mountains.

    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 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

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