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Regulus Resources Inc.
Summary
| Project: | Antakori | |
|---|---|---|
| Deposit: | Antakori | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 3/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-3-2019: Regulus Resources Inc. announces a Resource Estimation report for its Antakori deposit at the Antakori project. Upgraded mineral resource estimate at the project. March 1, 2019 (Vancouver, BC) – Regulus Resources Inc. ("Regulus" or the "Company" | |
| Resources: | ||
| CP/QP: | [Resources]: Douglas Reid (Wood Plc) | |
| ABSTRACT: | March 1, 2019 (Vancouver, BC) – Regulus Resources Inc. ("Regulus" or the "Company", REG TSX.V) is pleased to report an updated mineral resource estimate for its AntaKori copper-gold project in northern Peru. This is the first mineral resource estimate prepared for Regulus at the project and supercedes a previous estimate prepared for Southern Legacy Minerals Inc. (SLM), (see press release by SLM dated July 3, 2012). Regulus engaged Wood (formerly AMEC Foster Wheeler) to independently estimate the mineral resources at AntaKori. The estimate relies on new data from drilling completed by Regulus through November 2018 and drilling data provided through a collaborative agreement established in 2017 with the adjoining property holder (see press release by Regulus dated Jan 24, 2017). John Black, Chief Executive Officer of Regulus, commented as follows: “We are very pleased to provide an updated interim resource estimate for the AntaKori project that shows a substantial increase in size from the previous report. This new estimate not only takes into account approximately 20,000 m of drilling completed by Regulus in 2017-2018, but also uses assumptions and methodologies that we believe are better supported for the project in order to generate a higher level of confidence in the reported estimate. While this report is a significant milestone for the project, it is important to understand that it only represents a marker along the path and not the final destination. We expect that there will be several more increases to the size of the mineral resource at the AntaKori project as we continue to define the full extent of the mineralized system. We look forward to an exciting year of drilling activity in 2019 as we plan to complete 20-25,000m of drilling.” | |
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