Business
Regulus Resources Provides Corporate Update
VANCOUVER, British Columbia, Aug. 13, 2019 (GLOBE NEWSWIRE) -- Regulus Resources Inc. ("Regulus" or the "Company", REG TSX.V) is pleased to announce that it has
About this update from Regulus Resources Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 13, 2019 (GLOBE NEWSWIRE) -- Regulus Resources Inc. (\"Regulus\" or the \"Company\", REG TSX.V) is pleased to announce that it has mobilized an additional two drill rigs, for a total of four, at its AntaKori copper-gold project located in Cajamarca, Peru. The additional drill rigs will allow the Company to advance its ~25,000 m Phase 2 drill program and continue to expand the mineralization footprint at AntaKori. The current four holes in progress are AK-19-033A, 34, 35 and 36. Hole AK-19-033 was lost at 340.70 m and had to be restarted (now AK-19-033A). Hole AK-19-34, designed to test a high-magnetic geophysical target to the north, is over 1,400 m deep and is progressing well. Hole AK-19-035 has just begun and is designed to also test the high-magnetic geophysical target to the north. Hole AK-19-036 has also commenced and is designed to both infill a gap in the current resource model and extend mineralization on the eastern portion of the claim block. Approval for permits to explore the northern portion of the AntaKori claim block is ongoing and expected to be received in Q4 of this year. Once these permits are received, the Company will have the ability to extend drilling to the north to more directly test several promising geophysical targets. Additionally, the Company is pleased to announce it has promoted Joe Fernandez to the position of Vice President, Project Development. Mr. Fernandez has held operating and management positions at Pinto Valley, the Ray Mine, Johnson Camp, Tintaya, and San Manuel Mine over a 35-year career. Mr. Fernandez has been with Regulus since 2016 in the role of Manager, Project Development. Prior to that, he served with the Company’s senior management team in Antares as the Vice President, Project Development of the Haquira project in Peru where he was responsible for the completion of the PEA. Mr. Fernandez will be tasked with overseeing the project development and future engineering and metallurgical study-work at AntaKori. John Black, Chief Executive Officer of Regulus, commented as follows: “We’re very excited to be increasing the number of drill rigs from two to four as we continue to implement our 25,000 m Phase 2 drill program at AntaKori. The added drill rigs will allow us to systematically test the exciting geophysical targets to the north and conti...