Regulus Resources announces 'best holes we've drilled to date'
Regulus Resources (CVE:REG) reported Thursday 819.90 m of 0.53% Cu, 0.24 g/t Au and 7.83 g/t Ag (0.77% CuEq) from hole AK-19-034 at its AntaKori copper-gold project in northern Peru.
The AntaKori project currently hosts a resource with indicated mineral resources of 250 million tonnes.
John Black, Chief Executive Officer of Regulus, commented on the findings.
"Hole AK-19-034 represents a milestone for Regulus as it is our first attempt to drill the prominent magnetic high geophysical target to the north of our previous drilling," said Black.
"Not only is this one of the best holes we’ve drilled to date at AntaKori, but the results support our theory that as we move to the north, we’re moving toward cleaner mineralization, which opens a lot of new possibilities for this project. Approximately 80% of the reported 819.90 m interval of mineralization in hole AK-19-034 is hosted in low as skarn or porphyry material.
"As well, Hole 34 is still only testing the southern margin of the magnetic high target and we look forward to testing the stronger portion of the anomaly to the north when pending permit applications are approved in the next few months to allow us to move our drilling in that direction. This hole also includes the first drill meterage that applies to the earn in of up to a 70% interest in the Colquirrumi concessions to the north of our existing claims."