Regulus Resources Consolidates 100% Ownership of the Colquirrumi Claims

About this update from Regulus Resources Inc

VANCOUVER, British Columbia, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Regulus Resources Inc. ("Regulus" or the "Company", TSX-V: REG, OTCQX: RGLSF) is pleased to announce that it has executed an agreement with Compañia de Minas Buenaventura S.A.A. (“Buenaventura”) dated effective August 26, 2024 to acquire the remaining 30% interest in the Colquirrumi claims (see Figure 1) that the Company did not already own (see Company press release dated February 15, 2023). In exchange for the remaining 30% interest, Regulus has granted Buenaventura a 2% NSR over the Colquirrumi claims, of which 0.5% can be repurchased within 10 years in exchange for US$ 1 Million. The Colquirrumi claims represent approximately 2,571 hectares of mineral rights in a prolific mining district, adjacent to and interfingered with Regulus’ AntaKori property. Less than 5% of the Colquirrumi claims have been properly explored, however, several encouraging mineralized areas were discovered in Regulus’ previous drill programs. John Black, Chief Executive Officer of Regulus, commented: “This agreement consolidates a large portion of land that we know to be mineralized. There is also significant strategic value given that any large mining operation in the district would need to incorporate the Colquirrumi claims to expand resources and layback an open pit. By acquiring the remaining 30% of this claims package, we have grown our 100% owned claims package substantially.”   Qualified Person The scientific and technical data contained in this news release pertaining to the AntaKori project has been reviewed and approved by Dr. Kevin B. Heather, Chief Geological Officer, FAusIMM, who serves as the qualified person (QP) under the definition of National Instrument 43-101. ON BEHALF OF THE REGULUS BOARD (signed) "John Black" John BlackCEO and DirectorTel: +1 (604) 685-6800Email: [email protected]  For further information, please contact: Regulus Resources Inc.Ben CherringtonTel: +1 347 394 2728Email: [email protected]  About Regulus Resources Inc. and the AntaKori Project Regulus is an international mineral exploration company run by an experienced technical and management team. The principal project held by Regulus is the AntaKori copper-gold-silver project in northern Peru. The AntaKori project currently hosts a resource with indicated mineral resources of 250 mi...

View stock analysis, news, and events for Regulus Resources Inc