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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 ilafalot2on Jul 12, 2018 10:55am
109 Views
Post# 28305934

RE:RE:4 holes completed and awaiting assays

RE:RE:4 holes completed and awaiting assaysI would think that REG would want to complete their updated 43-101 later this year before entertaining any offers.  In this regard the intercepts just reported will go a long way toward converting inferred into proven reserves.  
Based on recent comparables, for the sake of argument, if we get to 500M tonnes after this program with further potential resources to be drilled, a sale at $500M might be feasible.  And then we have Altar which could be a huge winner in its own rights.



 
Bullboard Posts