Business
Regulus Resources Provides Update on the AntaKori Project
VANCOUVER, British Columbia, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Regulus Resources Inc. (“Regulus” or the “Company”, TSX-V: REG, OTCQX: RGLSF) would like to provi
About this update from Regulus Resources Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Regulus Resources Inc. (“Regulus” or the “Company”, TSX-V: REG, OTCQX: RGLSF) would like to provide an update on activities at the AntaKori project. The Company has restarted drilling activity at the Anta Norte target area of the project, with one drill rig currently on site and plans for a second rig to be added in January 2022. The objective of the initial hole is to test for extensions and additional information on the geometry of the high-grade breccia-style mineralization discovered in hole AK-18-26, which returned 473.20 m of 1.39% CuEq hosted in a breccia unit that is open in multiple directions (see news release dated January 30, 2019). The Company placed field activity at the Anta Norte target area of the project on temporary suspension when local community members raised concerns about water discoloration at the Aguas Coloradas water reservoir. Government water authorities, ANA (Autoridad Nacional de Agua) and ALA (Administracion Local de Agua – Cajamarca), have determined any turbidity or discoloration at Aguas Coloradas was not related to mining activity and was likely due to natural causes (see news release dated March 29, 2021). The Company has since been communicating these results to local stakeholders and strengthening regional dialogue channels, a process which encountered numerous delays due to COVID-19 and the federal elections in Peru. The Company has recently made significant advancements in its community and stakeholder engagement, which include: The Company has led workshops with local stakeholders and government entities to explain the project, the Company’s commitment to best practices, its drilling procedures and remediation initiatives. The Company continues to organize regular workshops and has opened an information centre for local stakeholders to visit for further contact. The area covering and surrounding the current extent of Regulus’ drill permits is privately held land and in the past six months, local landowners have independently founded the Association of Sinchao Valley Landowners (Asociación de Propietarios El Sinchao, the “Association”) to best represent the interests of the area. The Association has voiced strong support for exploration activities to resume at AntaKori. In addition to the existing community work projects...