Regulus Resources Inc V.REG

Alternate Symbol(s): RGLSF

Metals & Mining Industrial Metals & Minerals

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, on the world-class 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); 7 km NW of the Cerro Corona porphyry Cu-Au mine (Gold Fields); and 32 km NW of the Yanacocha HS gold mine (Newmont-Buenaventura), all within the prolifically mineralized Yanacocha-Hualgayoc mining district in the Department of Cajamarca. It has completed 31,666.99 m of drilling on the AntaKori project. The AntaKori project hosts a resource with indicated mineral resources of 250 million tons and inferred mineral resources of 267 million tons.

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Regulus Resources Inc

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Post by NYI25on May 30, 2006 1:27pm

623 Views

Post# 10922040

Wow!

In only 4 short months since the Azerri transaction, the capex program has delivered zero, the capex program has been reduced and now they are looking at a merger or acquisition. As they say in finance, when things are crappy, looks for a merger to help muddy the waters so investors can't see how bad things really are. Worst company I've ever invested in.

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