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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
Post by ilafalot2on Aug 22, 2018 7:20pm
190 Views
Post# 28502648

The Owl, the Fox and the Crow

The Owl, the Fox and the CrowOwl:  Well guys, I think this might be a good time to do a financing
Fox:  Why is that?
Owl:  You know that we speculated about moving in on  the Porphry with that last round.  Well, it       looks like we got some pretty good looking core on the latest round.  While I can't tell you the numbers, I'll just say that we have moved the goal posts somewhat and that last 700m intercept is now in fourth place on the hit parade..
Crow:  When do you get the assays?
Owl:  Next week
Crow:  What do you think the stock will do?
Owl:  Maybe $3 short term; long term we have a couple of guys other than our neighbour who saId they are interested when we get north or 500M tonnes.  So  $500m for the deposit seems possible.
Fox:  How much are you looking for?
Owl:  Maybe $15m to see us through at AntiKori
Fox:  We can do that ourselves
Crow:  Now wait a minute.  We have a marklet to make and liquidity considerations.  I also have to give a bunch to my syndicate
Owl:  So what do you want?
Crow:  $5m
Owl:  Ok.  Can you guys do $20M between you?
Fox and Crow together:  Sure, just make sure it's done before the Altar deal so we can pick up the 50c new stock free
Owl:  Done.
Bullboard Posts