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Regulus Resources Inc.

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Summary

Project:

Antakori

Deposit:Antakori
Location:Peru
Commodities:Gold-Silver-Copper-Arsenic
Date:1/16/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:16-1-2020: Regulus Resources Inc. announces an Exploration/Drilling Update report for its Antakori deposit at the Antakori project. Drilling results incl. 341.00m @ 0.57% Cu, 0.28ppm Au, 9.29ppm Ag, 831ppm As from 202.00m. January 16, 2020, (Vancouver, BC
Resources:
CP/QP:[Overall Report]: Kevin B. Heather (Internal)
ABSTRACT:January 16, 2020, (Vancouver, BC) - Regulus Resources Inc. ("Regulus" or the "Company", REG TSX.V) is pleased to announce the results from six additional drill holes from the Phase II drill program, the aim of which is to expand and infill resources at the Company’s AntaKori copper-gold project in northern Peru. The drilling campaign is underway in collaboration with Compañía Minera Coimolache S.A. (“Coimolache”), the operator of the Tantahuatay gold mine immediately to the south of the AntaKori project. Hole AK-19-039 successfully extended and expanded the zone of base metal carbonate mineralization (contains higher grade gold and silver than the rest of the known deposit), which was previously encountered in holes AK-19-026, AK-18-025 and AK-18-023 (see Regulus press release dated January 30, 2019). Hole AK-19-041 demonstrates the downward continuity of previously released holes AK-19-034 and AK-19-037, while hole AK-19-042 demonstrates the upward continuity of previously released hole AK-19-035. Holes AK-19-038, AK-19-040 and AK-19-043 infilled a gap in the resource model on the eastern edge of the property and ultimately defined the eastern limits of the skarn style mineralization, all of which will help with our goal of defining the overall footprint of the orebody. Results from holes AK-19-038, AK-19-039, AK-19- 040, AK-19-041, AK-19-042 and AK-19-043 are reported in Table 1.

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