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Posts tagged ‘Regulus Resources Inc (REG)’

Regulus, Pachamama report Argentina Results of 0.53% Copper, 1.2 g/t Gold over 257.2m

December 15th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningRegulus Resources Inc TSXV:REG in joint venture with Pachamama Resources Ltd TSXV:PMA announced assays from their Rio Grande Project in Salta Province, Argentina. Highlights include

0.53% copper, 1.2 g/t gold and 1.59 g/t silver over 257.2 metres
(including 1.34% copper, 4.52 g/t gold and 2.68 g/t silver over 54.5 metres)
0.41% copper, 0.46 g/t gold and 6.36 g/t silver over 16 metres
0.33% copper, 0.34 g/t gold and 5.95 g/t silver over 120 metres
0.38% copper, 0.33 g/t gold and 6.18 g/t silver over 35.5 metres
0.27% copper, 0.44 g/t gold and 4.39 g/t silver over 15 metres
0.23% copper, 0.21 g/t gold and 12.49 g/t silver over 16 metres

The project is a 50/50 joint venture with Regulus acting as operator.

Regulus President/CEO/Director Wayne Hewgill commented, “The discovery of a significant new zone of high-grade copper and gold mineralization in the underexplored Southwest Zone confirms our belief that the Rio Grande Project remains relatively untested at depth with good potential to outline significant zones of higher-grade mineralization. This new zone displays higher gold-to-copper ratios than mineralization previously defined at Rio Grande and it appears that we may be vectoring towards the centre of the mineralized system. This is the breakthrough that we have been looking for at Rio Grande and we are currently busy planning for an aggressive exploration program in the upcoming year.”

View Company Profile

Contact:
Regulus Resources Inc
Wayne Hewgill
President/CEO/Director
778.438.2481
604.961.0033
or John Black
Director
720.514.9036
303.618.7797

Pachamama Resources Ltd
604.681.4462

by Greg Klein