Rugby Resources (TSX.V:RUG) announced results from the second hole at the Cobrasco copper-molybdenum discovery at the Cobrasco Project in Colombia. The initial discovery hole was announced on October 31st (click here to listen to an interview recapping that drill result).

Yale Simpson, Chairman of Rugby Resource joins me to discuss the Cobrasco discovery. We discuss how big this discovery is, how much money it will take to truly drill this off, how Rugby is planning on funding the program and how Rio Tinto plays into the overall area play (Rio is drilling along trend at another project).

If you have any follow up questions for Yale please email me at Fleck@kereport.com.

Click here to visit Rugby Resource website to read over the recent news and drill results.