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Regulus Resources Inc.
Summary
| Project: | Antakori | |
|---|---|---|
| Deposit: | Antakori | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 7/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-7-2018: Regulus Resources Inc. announces an Exploration/Drilling Update report for its Antakori deposit at the Antakori project. Drilling results incl. 327.35m @ 0.91% Cu, 0.44g/t Au, 9.84g/t Ag from 293m. July 11, 2018, (Vancouver, BC) – Regulus Resou | |
| Resources: | (Resource, Inf.): 294.8Mt @ 0.48% Cu, 0.36g/t Au, 10.2g/t Ag at project | |
| CP/QP: | [Overall Report]: Stewart Redwood (Internal) | |
| ABSTRACT: | July 11, 2018, (Vancouver, BC) – Regulus Resources Inc. ("Regulus" or the "Company", REG TSX.V) is pleased to announce the results from four additional drill holes at the Company’s AntaKori copper-gold-silver project in northern Peru. The drilling campaign is underway in collaboration with Compañía Minera Coimolache S.A. (“CMC”), the operator of the Tantahuatay gold mine immediately to the south of the AntaKori project (please refer to Regulus news releases of January 24, , 2017 and April 5, 2017). Holes reported in this news release are AK-18-010, AK-18- 011, AK-18-012 and AK-18-013 (see Figure 1). Results are only reported herein for the portions of the drill holes that occur within Regulus concessions. The AntaKori system hosts two principal styles of copper-gold-silver sulphide mineralization: 1) skarn and breccias within Cretaceous calcareous sedimentary rocks, likely associated with as-yet undiscovered porphyry mineralization; and 2) younger, epithermal high-sulphidation mineralization in overlying Miocene volcanic rocks and breccias that host the adjacent Tantahuatay heap-leach gold mine to the south. The younger high-sulphidation mineralization is characterized by pyrite-enargite and locally overprints the earlier skarn mineralization (pyrite-chalcopyritemagnetite), particularly along the southern part of the AntaKori system. The current phase one drill program commenced on the southernmost margin of the Regulus concessions and is now moving to the north onto Regulus mineral concessions (see Figure 1). The initial holes have encountered the overlying Miocene volcanic rocks and highsulphidation style mineralization prior to entering into the Cretaceous sedimentary sequence and skarn at depth. As the drilling progresses to the north, the volcanic rocks terminate, and drill holes will commence directly in the skarn/porphyry environment within the Cretaceous sedimentary sequence (see Figures 2-5). | |
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