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Regency Silver Corp. sells an Option for a 70% Interest in its Paisano Claims - 2,700 Hectares in Peru
Regency Silver Corp. sells an Option for a 70% Interest in its Paisano Claims - 2,700 Hec...
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[{"type":"text","content":"\n \n \n \n Regency Silver Corp. sells an Option for a 70% Interest in its Paisano Claims - 2,700 Hectares in Peru\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 9, 2022\n \n \n \n /CNW\n \n \n / -\n \n \n \n Regency Silver Corp.\n \n \n \n (\"Regency Silver\" or the \"Company\") (TSXV: RSMX) is pleased to announce that it has entered into an option agreement with\n \n AsiaBaseMetals Inc. (\"AsiaBaseMetals\")\n \n (TSXV: ABZ) to sell a 70% interest in its wholly owned Paisano Gold Project, covering approximately 2,700 hectares in the prolific La Libertad Mining District, a district hosting several multi-million oz precious metals deposits, in North-\n \n Central Peru\n \n (the \"\n \n Property\n \n \").\n \n \n \n \n \n \n \n \n \n \n \n The Property is in immediate proximity to various operating mines within a 5 km radius, including Lagunas Norte (a former Barrick Mine) and\n \n La Arena\n \n , a mine owned by Pan American Silver Corp.  Other mines within a 30km radius of the Property include Pan American Silver's Shahuindo open pit mine.\n \n \n \n \n \n Bruce Bragagnolo\n \n , Executive Chairman stated: \"We are pleased to enter into this Option with AsiaBaseMetals Inc. which will allow us to jointly unlock the potential of the Paisano Project. When standing on a high point of land in this prolific mining district in\n \n Peru\n \n you can see multiple large open pit mining projects. The proximity of the Paisano Project to such large mines as Lagunas Norte and\n \n La Arena\n \n is indicative of the potential of this project.\"\n \n \n \n \n Raj Chowdhry, AsiaBaseMetal's CEO stated: \"We are excited to enter into this Option Agreement, allowing the Company to enter the mining sector in the South American region, and to further develop and build our presence in the region.  This will allow us to continue to create and seize further opportunities. The Paisano Project allows the Company immediate access to one of the highest rated mining regions, not only in\n \n Peru\n \...