Ruby Red Resources Inc.

Ruby Red Resources Inc.

September 07, 2007 23:59 ET

Ruby Red Resources announces drilling results on Zeus and Gar properties

CALGARY, ALBERTA--(MARKETWIRE - Sept. 7) - Ruby Red Resources Inc. (TSX VENTURE:RRX) ("Ruby Red" or the "Company") is pleased to report the results of the drilling on its Zeus and Gar properties. Gordon Turner, P. Geol., Vice-President, Exploration of Ruby Red, announces that confirmation drilling on the Company's 100% owned Zeus property located 15 kilometres southwest of Cranbrook, B.C. has intersected significant copper mineralization over 57 metres as follows:

DDH 01-2007

Interval Length Cu Bi Ag Au

(metres) (metres) (%) (gm/tonne) (gm/tonne) (ppb)

116 - 143 27 0.49 - - -

143 - 153 10 1.23 163.6 11.58 87.5

153 - 173 20 0.54 - - -

-- ----

57 Avg. 0.63

The intersection averages 0.63% Cu, 3.8gm/tonne Ag, and 87gm/tonne Bi over the entire 57 metre interval. The mineralization is associated with a quartz flooded zone displaying intense argillic alteration typically associated with porphyry style mineralization. The presence of intense quartz stock working and the zonation of the mineralization are typical of Cu - Au porphyry systems as is the presence of significant Ag - Bi values. The mineralization is hosted in a complexly altered, brecciated quartz - albite zone, extending from 75 metres to 216 metres, comprised of syenite intrusive material hosted by intensely argillic altered sediments.

Shallower drilling by a previous operator intersected lower grade mineralization in less intensively altered rock that indicates both alteration and mineral grades are increasing with depth. Specular hematite has been located in albitized and brecciated sediments which outcrop adjacent to the mineralized zone and are associated with a regional fault. This setting is typical of porphyry and IOCG styles of mineralization. Additional drilling is warranted to expand the mineralization.

Ruby Red is also pleased to report that drilling on the Company's 100% owned Gar property located 30 kilometres west of Cranbrook, B.C. also intersected significant precious and base metal mineralization as follows:

Gar 07-2

Interval Length Au Ag Pb Zn Cu

(metres) (metres) (ppm) (ppm) (%) (%) (%)

30.0 - 31.0 1.0 0.110 21.6 0.07 0.08 0.03

31.0 - 32.0 1.0 0.050 34.8 0.02 0.13 0.03

32.0 - 33.2 1.2 0.016 25.9 1.56 2.40 0.05

33.2 - 34.5 1.3 3.04 394.0 2.40 0.06 0.32

34.5 - 36.0 1.5 0.01 4.4 0.83 0.19 0.05

The drill hole tested a mineralized shear zone within a quartz monzonite stock discovered and trenched in the 2006 work program. Ruby Red is encouraged by these results as it indicates the intrusions as well as the hosting sediments have significant gold and silver mineralization associated with shear zones. Detailed soil geochemistry will be used to target more zones prior to trenching and drilling. The Angus Creek stock located 4 kilometres to the south of the Gar has established gold soil anomalies and gold hosted in quartz veins in both the intrusion and host sediments which will be drill tested in the 2008 field season.

Ruby Red has identified the Cranbrook region as an excellent geological setting for porphyry/IOCG style mineralization. To date 15 'granitic' intrusions with associated Au, Cu, Mo, Bi, Pb, Zn, Ag, As, Co and W mineralization have been identified. Age dating on these intrusive features has returned dates of 120 to 90 million years which is consistent with other intrusions associated with producing mines. These features in the Cranbrook region appear to be controlled by a deep seated crustal suture known as the Kanasewich Lineament.

Ruby Red holds a 100% working interest in 135 mineral claims (approximately 40,000 hectares) in the Cranbrook area and the Company continues to actively explore these properties from the grass roots to drill ready stage. Ruby Red is also actively seeking experienced exploration/mining companies to assist in the development of these opportunities.

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 applicable law. The reader is cautioned not to place undue reliance on forward-looking statements.

Contact Information

  • Ruby Red
    Randall Tronsgard
    Vice-President, Corporate Development
    (403) 770-1346 or 1-866-257-4337