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Regulus Resources Inc.
Summary
| Project: | Rio Grande | |
|---|---|---|
| Deposit: | Rio Grande | |
| Location: | Argentina | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 8/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 23-8-2018: Regulus Resources Inc. announces a Resource Estimation report for its Rio Grande deposit at the Rio Grande project. Updated mineral resource estimate at Rio Grande. Roscoe Postle Associates Inc. (RPA) was retained by Regulus Resources Inc. (Reg | |
| Resources: | ||
| CP/QP: | [Resources]: Sean Horan (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Regulus Resources Inc. (Regulus) to prepare an independent Technical Report on the Rio Grande Project (the Project or the Property), located in Salta Province, northern Argentina. The purpose of this report is to support the disclosure of the updated Mineral Resource estimate for the Project. This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). RPA visited the Property from August 8 to 14, 2017. Regulus is a Vancouver-based company formed in December 2010 and is a reporting issuer. The common shares of Regulus trade on the TSX Venture Exchange and the company is under the jurisdiction of the Alberta Securities Commission. Regulus’ 100% owned Rio Grande copper-gold-silver property is located in the Altiplano of northwest Argentina at elevations between 3,700 m and 4,700 m above sea level. The Property is located approximately 260 km west of the city of Salta and 40 km east of the Chilean border. In December 2010, a spin-out transaction was completed by means of a Plan of Arrangement, in which Antares Minerals Inc. (Antares) transferred, assigned, and conveyed to Regulus all of Antares’ rights of title to and interest in the Rio Grande Project along with $5,000,000 in cash. Regulus shares were subsequently distributed to Antares’ shareholders in accordance with the terms of the Plan of Arrangement. Regulus formed a new Joint Venture with a subsidiary of Pachamama Resources Inc. (Pachamama) for exploration of the Property. In early 2012, Regulus and Pachamama merged and consolidated 100% ownership of the Project into Regulus. | |
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