Drilling In Peru
John Black, CEO of Regulus Resources Inc. speaks on the company’s acquired AntaKori project in Peru.
“Regulus Resources is a company that started as a spin-out from our predecessor company which was called Antares Minerals. The same team that we have today had the good fortune to discover and drill out the Haquira Deposit in southern Peru which we sold to First Quantum for about 650 million dollars in 2010. We acquired the AntaKori project by merging with another company called Southern Legacy Peru, run by Fernando Pikmann, a well known mineral lawyer in Lima. It was a very natural merger. The AntaKori project had a previous drilling completed by two junior companies which have allowed us to have an initial resource which is 295 million tons at 0.48% copper, 0.36 grams per tonne gold and a little over 10 grams of silver. So, approximately 0.8 copper equivalent. We’ll be drilling with multiple rigs throughout all of 2018 and well into 2019 as we try to define the outer limits of what we believe will be a very large system. It’s exciting, I think as exploration geologists we learned a lot on our predecessor company on drilling out a project, what the market wants and what major mining companies are looking for on this. The timing is right for us to be delivering a large deposit and I think we’ll see sustained high metal prices for at least the short to medium term on this so, it’s a it’s a very good opportunity for us to be finding something and presenting it to those that might want to find that and take advantage of it.” – John Black, CEO of Regulus Resources Inc.
Regulus Resources Inc. is an international mineral exploration company run by an experienced technical and
management team, with a portfolio of precious and base metal exploration properties located in North and South America. The principal project held by Regulus is the AntaKori copper-gold-silver project in northern Peru. The AntaKori project currently hosts an inferred resource of 294.8 million tonnes with a grade of 0.48% Cu, 0.36 g/t Au and 10.2 g/t Ag based upon 17,950 m of drilling by previous operators (see Southern Legacy Minerals press release of July 3rd, 2012 – Southern Legacy Minerals and the Company entered into a business arrangement in 2014 and kept the name Regulus Resources Inc.). Mineralization remains open in most directions and drilling is currently underway to confirm and increase the size of the resource.
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