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Australian Exploration Update
Australian Exploration Update.
About this update from Corcel Plc
[{"type":"text","content":"\n \nRNS Number : 0271B Regency Mines PLC 27 March 2013 \n \n\nREGENCY MINES PLC\n \nAustralian Exploration Update\n \n27 March 2013\n \nRegency Mines plc (\"Regency\" or the \"Company\"), a mining exploration and mineral investment company with interests in nickel and other minerals in Australia, Africa, and Papua New Guinea is pleased to announce an update on Mobile Metal Ion (MMI) results from its Pyramid Lake project in Western Australia (Figure 1). Pyramid Lake lies near the boundary between the Yilgarn Craton and the Albany - Fraser metamorphic terrane.\n \nFigure 1: Regency Tenements along the Tropicana Trend, Australia\nhttp://www.rns-pdf.londonstockexchange.com/rns/0271B_1-2013-3-27.pdf\n \n· 10 km long Ti anomaly was identified with a peak MMI response ratio value of 4320;\n· Ag anomaly with a peak MMI response ratio value of 575 demonstrated a close relationship with Ti anomalies; \n· Cu and Au also demonstrated elevated response ratios; \n· Elevated values of Ag and Ti may be indicative of a hydrothermal system.\n \nPyramid Lake\n \nInitial MMI geochemical results from the 2012 soil sampling programme have been further processed using response ratios. The results for Au, Cu, Ag, Ti, Ni are presented in Table 1, the sample locations are shown on the Sample Location Map (Figure 2). \n \nFigure 2: MMI Soil Sampling Programme and Aircore Drilling Location\nhttp://www.rns-pdf.londonstockexchange.com/rns/0271B_2-2013-3-27.pdf\n \nTable 1\n \n\n\n\n\nElement\n\n\nPeak Value (ppb)\n\n\nBackground for Response Ratio\n\n\nHighest Response Ratio\n\n\n\n\nGold Au \n\n\n4.5\n\n\n0.17 \n\n\n27\n\n\n\n\nCopper Cu \n\n\n2590\n\n\n108 \n\n\n30\n\n\n\n\nSilver Ag\n\n\n351\n\n\n0.67 \n\n\n575\n\n\n\n\nTitanium Ti\n\n\n21600\n\n\n5\n\n\n4320\n\n\n\n\nNickel Ni\n\n\n2400\n\n\n83\n\n\n29\n\n\n\n\n \nThe response ratio for each element is worked out using the procedure:- \n \n1) Select the data that are in the lowest quartile of the sample results for that element; \n2) The average of these is taken to be the background for that element;\n3) The response ratio of an element for each sample is calculated by dividing the sample result for that element by the background for tha...