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Regulus Resources Inc.
Summary
| Project: | Antakori | |
|---|---|---|
| Deposit: | Antakori | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2019: Regulus Resources Inc. announces an Exploration/Drilling Update report for its Antakori deposit at the Antakori project. Drilling Results incl. 473.2m @ 1.16% Cu, 0.21g/t Au, 8.43g/t Ag from 640.50m. January 30, 2019, (Vancouver, BC) – Regulus | |
| 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: | January 30, 2019, (Vancouver, BC) – Regulus Resources Inc. ("Regulus" or the "Company", REG TSX.V) is pleased to announce the results from six 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. (“Coimolache” or “CMC”), the operator of the Tantahuatay gold mine immediately to the south of the AntaKori project. Holes reported in this news release are AK-18-022 through AK-18-027 (see Figure 1). Results are only reported herein for the portions of the drill holes that occur within Regulus concessions. All of the holes encountered significant mineralization with the most notable results from hole AK-18-026 along the northern margin of drilling completed to date. John Black, Chief Executive Officer of Regulus, commented as follows: “The AntaKori project continues to consistently deliver encouraging drill results and we are particularly pleased with the new zone of breccia-hosted high grade copper mineralization in AK-18-026. This batch of drill holes concludes our Phase 1 drilling program with a total of 20,332 m drilled on Regulus concessions. The results from the Phase 1 program will form the basis for the completion of an updated NI 43-101 mineral resource estimate that is progressing well and scheduled for completion by the end of February. Drilling has continued directly into a Phase 2 program and we will drill with 2 rigs until the end of the wet season in approximately April at which time we will increase the rig count to allow for the completion of approximately 25,000 m of additional drilling in 2019. | |
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