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Regulus Resources Inc.
Summary
| Project: | Antakori | |
|---|---|---|
| Deposit: | Antakori | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 9/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-9-2019: Regulus Resources Inc. announces an Exploration/Drilling Update report for its Antakori deposit at the Antakori project. Drilling results incl. 819.90m @ 0.24ppm Au, 0.53% Cu, 7.83ppm Ag from 165.25m. September 5, 2019, (Vancouver, BC) – Regulus | |
| Resources: | ||
| CP/QP: | [Overall Report]: Kevin B. Heather (Internal) | |
| ABSTRACT: | September 5, 2019, (Vancouver, BC) – Regulus Resources Inc. ("Regulus" or the "Company", REG TSX.V) is pleased to announce the results from two additional drill holes from its 25,000 m Phase 2 drill program, the aim of which is to expand and infill resources at the Company’s AntaKori copper-gold project in northern Peru. Hole AK19-034 was successful in expanding the footprint of the AntaKori system to an area that had never been tested previously. As well, Hole AK-19-034 supports the Company’s theory that moving to the north of the property, the bulk of mineralized material contains low arsenic skarn and porphyry hosted mineralization, locally cut by narrow high-sulphidation structures. Hole AK-19-033 was lost at 340.70 m, well before it’s intended target, due to bad ground conditions, and is currently being re-drilled as AK-19-033A. Results for drill holes AK-19-033 and AK-19-034 are reported in Table 1 and Table 2. John Black, Chief Executive Officer of Regulus, commented as follows: “Hole AK-19-034 represents a milestone for Regulus as it is our first attempt to drill the prominent magnetic high geophysical target to the north of our previous drilling. Not only is this one of the best holes we’ve drilled to date at AntaKori, but the results support our theory that as we move to the north, we’re moving toward cleaner mineralization, which opens a lot of new possibilities for this project. Approximately 80% of the reported 819.90 m interval of mineralization in Hole AK-19-034 is hosted in low As skarn or porphyry material. As well, Hole 34 is still only testing the southern margin of the magnetic high target and we look forward to testing the stronger portion of the anomaly to the north when pending permit applications are approved in the next few months to allow us to move our drilling in that direction. This hole also includes the first drill meterage that applies to the earn in of up to a 70% interest in the Colquirrumi concessions to the north of our existing claims.” | |
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