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Regulus Resources Inc.
Summary
| Project: | Antakori | |
|---|---|---|
| Deposit: | Antakori | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 8/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-8-2017: Regulus Resources Inc. announces an Exploration/Drilling Update report for its Antakori deposit at the Antakori project. Drilling results incl. 183.9m @ 1.54% Cu, 1.05g/t Au, 11.9g/t Ag from 250.0m. August 15, 2017, (Vancouver, BC) – Regulus Re | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John E. Black (Internal) | |
| ABSTRACT: | August 15, 2017, (Vancouver, BC) – Regulus Resources Inc. ("Regulus" or the "Company", REG TSX.V) is pleased to announce the results for drill hole AK-17-001, the first drill hole of the 15-18,000m 2017 drilling campaign at the Company’s AntaKori copper-gold-silver project in northern Peru. The drilling campaign is underway in collaboration with Compañía Minera Coimolache, the operator of the Tantahuatay gold mine, immediately to the south of the AntaKori project (please refer to news releases of January 24th and April 25th, 2017). 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 locally overprints the earlier skarn mineralization, particularly along the southern extent of the AntaKori system. Drilling has commenced on the southernmost margin of the Regulus concessions and will proceed to the north over the next few months as permitting allows (see Figure 1). The initial holes will encounter the overlying Miocene volcanic rocks and high-sulphidation 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. | |
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