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Regulus Resources Drills 184 Metres Grading 1.54% Copper, 1.05 g/t Gold and 11.9 g/t Silver in First Drill Hole at AntaKori Project
VANCOUVER, British Columbia, Aug. 15, 2017 (GLOBE NEWSWIRE) -- Regulus Resources Inc. ("Regulus" or the "Company") (TSX.V:REG) is pleased to announce the result
About this update from Regulus Resources Inc
[{"type":"text","content":"VANCOUVER, British Columbia, Aug. 15, 2017 (GLOBE NEWSWIRE) -- Regulus Resources Inc. (\"Regulus\" or the \"Company\") (TSX.V:REG) is pleased to announce the results for drill hole AK-17-001, the first drill hole of the 15-18,000m 2017 drilling campaign at the Company’s AntaKori copper-gold-silver project in northern Peru. The drilling campaign is underway in collaboration with Compañía Minera Coimolache, the operator of the Tantahuatay gold mine, immediately to the south of the AntaKori project (please refer to news releases of January 24th and April 25th, 2017). Figure 1. Drill hole locations – AntaKori Project Figure 2. Schematic geologic cross section indicating projected location of AK-17-001 The AntaKori system hosts two principal styles of copper-gold-silver sulphide mineralization; 1) skarn and breccias within Cretaceous calcareous sedimentary rocks, likely associated with as-yet undiscovered porphyry mineralization; and 2) younger, epithermal high-sulphidation mineralization in overlying Miocene volcanic rocks and breccias that host the adjacent Tantahuatay heap-leach gold mine to the south. The younger high-sulphidation mineralization locally overprints the earlier skarn mineralization, particularly along the southern extent of the AntaKori system. Drilling has commenced on the southernmost margin of the Regulus concessions and will proceed to the north over the next few months as permitting allows (see Figure 1). The initial holes will encounter the overlying Miocene volcanic rocks and high-sulphidation style mineralization prior to entering into the Cretaceous sedimentary sequence and skarn at depth. As the drilling progresses to the north, the volcanic rocks terminate and drill holes will commence directly in the skarn/porphyry environment within the Cretaceous sedimentary sequence. Drill hole AK-17-001 cut significant high-sulphidation epithermal pyrite-enargite mineralization in the Miocene volcanic sequence but was lost at a depth of 540.9 m prior to testing the lower skarn target (see Figure 2). AK-17-002, the second hole of the program, has been completed to a total depth of 893.5 m, cutting both styles of mineralization, with well-developed skarn in the Cretaceous calcareous sedimentary sequence. Assays are pending for AK-17-002 and will be reported when they are received in the next fe...