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Regent Ventures Ltd RGVNF

Regent Ventures Ltd is engaged in the acquisition, exploration and development of mineral resources properties.


GREY:RGVNF - Post by User

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Comment by curtisprodon Oct 26, 2006 7:50pm
138 Views
Post# 11564348

RE: Two NR's due....Here is # 1

RE: Two NR's due....Here is # 1Here is part of number one Chair. Someone post the rest... Regent drills 0.9 m of 4.03 g/t Au at Red Mountain 2006-10-26 19:37 ET - News Release Mr. Rick Wilson reports RED MOUNTAIN PROPERTY UPDATE Regent Ventures Ltd. has released results obtained from the work completed in its 2006 exploration program on its Red Mountain property located in the Yukon Territory. The work program included five diamond drill holes totalling 1,162 metres of drilling and 270 kilometres of high-resolution, deep-penetrating, electromagnetic and magnetic geophysical surveying carried out by Geotech Ltd. using the helicopter-borne VTEM system over the property at 100-metre spacings. Preliminary results from the VTEM survey indicate numerous new electromagnetic high anomalies, which may be associated with buried Tombstone Suite intrusions in the area. Further follow-up groundwork and additional data interpretation are necessary prior to defining drill targets from the VTEM survey. The diamond drilling focused on the 50/50 zone, the Saddle zone and the Gossan zone, located approximately 1.0 kilometre southwest of the Saddle zone. DDH No. 06-45 and DDH No. 06-46 were drilled to test coincident gold-silver-zinc-copper geochemical anomalies coupled with a coincident IP anomaly and the 50/50 fault surface expression. DDH No. 06-45 was lost at 96.1 metres and prior to intersecting the projection of the 50/50 structure. DDH No. 06-46 was drilled to a depth of 187.5 m and intersected the 50/50 structure at 165 m to 166.8 m, which yielded grades of 0.25 gram per tonne gold, 43.2 g/t Ag and 1.44 per cent Zn over the 1.8-metre width. DDH No. 06-47 was drilled in the Saddle zone area to test the down-dip extension of previously intersected gold veins associated with Tombstone Suite intrusion quartz monzonite dike swarms. Oblique low-angle faulting was interpreted to have laterally and vertically displaced these dikes. DDH No. 06-49 was positioned to intersect the postulated prefaulting location of the dikes to the north of the main Saddle zone area and was successful in intersecting these dikes. DDH No. 06-48 was drilled to test a coincident EM anomaly and IP anomaly within a 100-part-per-billion gold geochemical survey anomaly in the Gossan zone area. A summary of the assay results from the 2006 drilling program is set out in the following table:
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