11:45 AM EST - Rugby Mining Limited : Has received notification from the Forestry Department, a division within the Colombian Ministry of the Environment, that the Company’s drilling permit application for the Cobrasco Copper Project has been denied. The Company is reviewing the basis for the rejection with a view to appeal the decision. Separately the Company will now accelerate selection of a drilling contractor for a scheduled June drilling program on the Motherlode gold-copper project, Philippines. On the basis of past drilling, Motherlode has excellent potential for both epithermal vein-style gold and deeper copper-gold porphyry mineralization. Rugby Mining Limited
shares V.RUG are trading down $0.07 at $0.15.