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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, 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.


TSXV:REG - Post by User

Bullboard Posts
Comment by sumdimon May 04, 2013 10:14pm
132 Views
Post# 21340359

RE: Looking for comments

RE: Looking for comments

Hello echosunset.  It is my understanding that they were trenching in April testing for potential drill sites.  I would assume we will be hearing of those plans in the not too distant future.  Given the current political situation they appear to be trying to conserve their cash as best they can.  Any deep drilling they might do is very expensive so caution appears to be their modus operandi.    One of their problems  might be that the different geological structures of the different zones might be a negative and not a positive.  

Another thought given the state of Argentina and the junior exploration sector is it might make some sense to jv another property with another prospect in a friendlier mining district.  At least until things improve in Argentina.  Certainly there are lots of opportunties out there especially ones that need cash to move forward.

Thats about all I can input at the moment.  Some news would be good but not sure if anything will help in the current stock market environment. 

 

 

 

Bullboard Posts