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Regulus Resources Inc V.REG

Alternate Symbol(s):  RGLSF

Regulus Resources Inc. is a Canada-based international mineral exploration company. The principal project held by the Company is the AntaKori copper-gold-silver project in northern Peru. The AntaKori project is located approximately 600 kilometers (km) north of Lima and 50 km northwest of the city of Cajamarca, in the Miocene Au-Cu-Ag belt of northern Peru. The AntaKori claim group is located immediately adjacent to the Tantahuatay high-sulphidation epithermal (HS) Au mine (Compania Minera Coimolache, Buenaventura-Southern Peru); seven km NW of the Cerro Corona porphyry Cu-Au mine (Gold Fields); and 32 km Northwest of the Yanacocha HS gold mine (Newmont-Buenaventura), all within the prolifically mineralized Yanacocha-Hualgayoc mining district in the Department of Cajamarca. The AntaKori project hosts a resource with indicated mineral resources of 250 million tons and inferred mineral resources of 267 million tons.


TSXV:REG - Post by User

Bullboard Posts
Post by carbideon Jan 24, 2019 12:48am
150 Views
Post# 29274118

Low grade pig

Low grade pigThe historic resource is big, 300mt, but .7 copper, which is basically waste.  The part near surface is half a percent, and will never be stripped.  The recent intercepts have pushed 1.3+% Cu equivalent, not bad, could be interesting if they get thet tons, but only a couple dozen drills in the ground in the 5 years since acquisition.  The project has passed from one company to the next for decades now, and the campaign is moving like molasses.  Top of the Peruvian Andes, pretty remote, would need a juicy ore body to make this work.  The best you can do is keep it on the watch list and see if deep drilling strikes a nice porphyry down the road.
Bullboard Posts