St-Georges Eco-Mining Corp. press release
Carlyle Mining Corp Changes Name and Commences work on Hawkwood Project
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(via Thenewswire.ca)
Vancouver, BC. March 18, 2009 - Rugby Mining Limited ("Rugby" or the "Company" TSX.V-RUG) (formerly known as Carlyle Mining Corp which traded under the symbol CLY.P) will commence work immediately to follow up gold, copper and iron targets at its Hawkwood project in Queensland, Australia, and expects to drill iron targets within the next six months, should they be verified by ground work.
Rugby's chairman Mr. Bryce Roxburgh stated "The iron potential at Hawkwood is of particular interest following reports that the Queensland Department of Infrastructure is currently examining potential steel investment options for the Gladstone Industry Development Board using Queensland iron-based raw materials such as the Hawkwood magnetite and another magnetite deposit in Central Queensland.
"Any support of Government for the production of a Queensland-based iron and steel industry using local raw materials is welcomed by Rugby."
Management Changes
Mr. Bond, the Company's Chief Financial Officer has been appointed to the board of directors and Mr. Darcy Daubaras, who is a chartered accountant, has been appointed as Chief Financial Officer. Mr. Daubaras has over 15 years of combined experience in both industry and public practice. Before joining the junior mining industry he spent 8 years working for an international accounting firm, and worked in senior financial reporting and compliance roles in the marine transportation and forestry industries.
About Rugby
New projects
Rugby has had offers to participate in a number of more advanced precious metal projects offered to it and is currently evaluating various opportunities.
Hawkswood
Rugby has the option to acquire an effective 60% interest in the Hawkwood project which covers 520 square kilometres of prospective copper-gold and iron tenements situated near Hawkwood in Queensland, Australia.
You are invited to visit the Rugby Mining Limited web site at www.rugbymining.com
RUGBY MINING LIMITED
Paul Joyce
President and CEO
For further information, please contact:P. Joyce, President or Cecil BondTel: 604.688.4941 Fax: 604.688.9532Toll-free: 1.888.688.4941 Suite 1260, 999 West Hastings St. Vancouver, BC Canada V6C2W2info@rugbymining.com
CAUTIONARY STATEMENT
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the British Columbia, Alberta and Ontario Securities Acts. This includes statements concerning the Company's plans at the Hawkwood Project, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the effect on prices of major mineral commodities such as copper, platinum, palladium and iron by factors beyond the control of the Company; events which cannot be accurately predicted such as political and economic instability, terrorism, environmental factors and changes in government regulations and taxes; the shortage of personnel with the requisite knowledge and skills to design and execute exploration programs; difficulties in arranging contracts for drilling and other exploration services; the Company's dependency on equity market financings to fund its exploration programs and maintain its mining properties in good standing; political risk that a future government will change environmental regulations, taxes or mineral royalties in a manner that could have an adverse effect on the Company's financial condition and impair its ability to raise further funds for exploration; risks associated with title to resource properties due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the sometimes ambiguous conveyancing characteristic of many resource properties, currency risks associated with foreign operations .and other risks and uncertainties, including those described in each management discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE AND THE INFORMATION CONTAINED HEREIN.
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