News: Rubianna Resources receives initial substantial shareholding notice

Rubianna Resources (ASX:RRE) has received a notice of initial substantial holder from Domain Investment Holdings with a 5.05% stake.

Domain had recently acquired the 10,966,302 shares for a total of $135,735.94, or an average of $0.012 per share.

The company is currently reviewing its projects and licences.

Projects

Rubianna’s Ruby Well & North Ruby Well gold projects in Western Australia have total resources of 229,000 tonnes at 2.9 grams per tonne gold for about 21,300 ounces of contained gold.

Drilling has extended the Ruby Anna East prospect at depth while gold intercepts identify high-grade potential at depth at Harder-to-Find prospect.

The mineralisation also confirms a new mineralised trend at the Georges prospect with quartz veining intersected in all 63 holes drilled

Drill results from recent drilling include:

- 9 metres at2.87g/t gold from 126 metres;
- 2 metres at 9.95g/t gold from 140 metres including 1 metre at 17.76g/t gold from 141 metres; and
- 3 metres at 9.35g/t gold from 72 metres including 1 metre at 24.93g/t gold from 73 metres.

Its Killara & Diamond Well copper, gold and base metal projects have a similar host to Ventnor’s Thaduna & Green Dragon Copper deposits and Proterozoic mineralisation similar to Aditya Birla’s Nifty copper deposit.

Recent reverse circulation drilling has identified anomalous horizons.

At its Kookynie VMS Copper Project, multiple mineralised horizons have been intercepted over 4 kilometres of strike.

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