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Regis Resources Ltd.
Summary
| Project: | Duketon | |
|---|---|---|
| Deposit: | Duketon | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-10-2019: Regis Resources Ltd. announces an Exploration/Drilling Update report for its Duketon deposit at the Duketon project. Drilling results incl. 15m @ 57.1g/t Au from 43m. Regis Resources Managing Director, Jim Beyer, said: “Another solid and relia | |
| Resources: | ||
| CP/QP: | [Overall Report]: Tara French (Internal) | |
| ABSTRACT: | Regis Resources Managing Director, Jim Beyer, said: “Another solid and reliable performance by the Regis Team delivering production of 87,633 ounces for the quarter. We also saw good progress on a number of our future growth related projects while continuing to pay a dividend”. The Company delivered a major milestone with the formal Development Application for McPhillamys submitted in July. The Rosemont underground decline is tracking well and reached first ore this quarter. Very strong exploration results continued to support the concept of underground potential at Baneygo and Garden Well and work continued on our broader greenfield exploration work across our Duketon tenements. Our organic growth potential through exploration was given a major boost when the Company acquired a large strategic tenement holding across the Duketon Greenstone Belt. This acquisition tripled the Company’s landholding and means that Regis now controls approximately 90% of the gold rights in the highly prospective belt. It is also very pleasing to have released the Company’s inaugural Sustainability Report after the end of the reporting quarter. This report forms a key part of demonstrating we operate responsibly and with transparency and that doing so is an important element of maintaining our social license to operate. Looking forward we expect reliable performance from the existing Duketon Operations and a gradual introduction of new production coming from Rosemont Underground and new satellite pits. With this work and the Company’s transformational McPhillamys Gold Project in New South Wales making steady progress, the outlook for our Company is very exciting”. | |
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