Regulus Reports 610.20m with 0.84% Cu, 1.02g/t Au, and 10.28 g/t Ag (1.6% CuEq) from surface; Best Intercept to Date at AntaKori Project, Peru

July 25, 2019, (Vancouver, BC) – Regulus Resources Inc. ("Regulus" or the "Company", REG TSX.V) is pleased to announce the results from two additional drill holes from its Phase 2 drill program, the aim of which is to expand and infill resources at the Company’s AntaKori copper-gold-silver project in northern Peru. The drilling campaign is underway in collaboration with Compañía Minera Coimolache S.A., the operator of the Tantahuatay gold mine immediately to the south of the AntaKori project.

Highlights from drill holes AK-19-031 and AK-19-032 – AntaKori Project:

·        AK-19-031:

o   610.20 m with 0.84 % Cu, 1.02 g/t Au and 10.28 g/t Ag (1.66 % CuEq) from 3.7 m depth

§  Including 291.25 m with 1.13 % Cu, 1.74 /t Au and 12.77 g/t Ag (2.49 % CuEq)

·        Further including 176.50 m with 1.48 % Cu, 2.72 g/t Au and 18.62 g/t Ag (3.59 % CuEq)

o   Intersected both high-sulphidation epithermal and skarn, as well as breccia mineralization

o   Successfully infilled and upgraded resources


·        AK-19-032:

o   372.33 m with 0.32 % Cu, 0.19 g/t Au and 7.21 g/t Ag (0.58 % CuEq)

§  Including 15.60 m with 0.43 % Cu, 0.23 g/t Au and 13.78 g/t Ag (0.72 % CuEq)

§  And 15.60 m with 0.44 % Cu, 0.24 g/t Au 11.77 g/t Ag (0.72 % CuEq)

§  And 14.16 m with 0.81 % Cu, 0.35 g/t Au and 13.19 Ag (1.18 % CuEq)

o   14.25 m with 1.24 % Cu, 0.25 g/t Au and 6.98 g/t Ag (1.48% CuEq)

o   Intersected both high-sulphidation epithermal and skarn mineralization, with majority of higher-grade material being low-arsenic skarn

o   Successfully infilled resources


·        Phase 2 drilling continues with two rigs, expanding to four within the next month. Currently one drill rig is testing geophysical targets towards the north, while the other is completing infill drilling within the known resource.


John Black, Chief Executive Officer of Regulus, commented as follows: “The AntaKori project continues to consistently deliver encouraging drill results and we are particularly pleased with the intersection of significant high grade material in hole AK-19-031, which represents our longest intercept to date of >1.5% CuEq mineralization. While this hole was an infill hole, the high-grade material intersected should upgrade our resource estimate at the end of our Phase 2 program. The Phase 2 program is well underway and we anticipate increasing the number of drill rigs from two to four in the coming weeks. As well, we have begun to extend drilling towards the North from currently permitted drill sites and anticipate having those results prior to the end of Q3. Additional permits to directly test geophysical targets further to the north are in progress and we anticipate they will be approved in Q4. Overall, we continue to grow the AntaKori system which we believe has the potential to be a tier 1 copper-gold project.”

Discussion of Results 

Table 1 below provides more details regarding the mineralized intercepts encountered in drill holes AK-18-031 and AK-18-032. The locations of the reported drill holes are indicated on Figure 1. These holes are part of the Phase 2 drilling program projected to consist of approximately 25,000m of drilling to be completed in 2019.

Reg Table 1 25-07.png

Drill hole AK-19-031 was drilled at an azimuth of 135 degrees and an inclination of -80 degrees, which is perpendicular to our normal drill sections (which are oriented at azimuth 045 degrees). The purpose of this specially oriented hole was to infill an area in Regulus’ 2019 resource model, located immediately north of the actively operating Tantahuatay open pit.   

The hole cut altered and high-sulphidation style (HS) mineralization hosted within Miocene volcanic rocks and associated milled-matrixed breccias starting at 3.70 m and continuing to a depth of 408.00 m. Below 408 m the hole encountered skarn-style mineralization in several intervals from 408.00 m to 613.90 m depth and then went into a clast-supported breccia hosting mineralization from 662.60 m to 724.30 m and 817.00 m to 846.40 m (Table 2).

The high-sulphidation style mineralization consists of pervasive enargite-pyrite stockwork veining over the entire mineralized interval, and is not a discrete vein structure. Similar style mineralization was encountered in many of the surrounding drill holes which suggests a laterally extensive zone but determining an accurate true thickness or width to the mineralization may require additional drilling. The skarn-style mineralization is characterised by both low-arsenic intervals and areas of elevated arsenic where narrow high-sulphidation veinlets are superimposed on the earlier skarn-style mineralization. The deeper breccia hosted mineralized intercepts are characterised by sulphide replacements of the breccia matrix, which is typical of many of the previously reported breccia intervals (i.e., drill hole AK-18-026).

Reg Table 2 25-07.png

Drill hole AK-19-032 was drilled at an azimuth of 023 degrees and an inclination of -80 degrees, which is an azimuth slightly northwest of our normal drill sections (which are oriented at azimuth 045 degrees). The purpose of this specially oriented hole was to infill a small gap in Regulus’ 2019 resource model.

The hole cut several intervals of high-sulphidation style mineralization characterised by stockwork veinlets of enargite-pyrite. The skarn-style mineralization is characterised by both areas of elevated arsenic due to superimposition of narrow high-sulphidation veinlets on the earlier skarn-style mineralization (Table 2). The deeper breccia hosted mineralized intercepts are characterised by sulphide replacements of the breccia matrix, similar to that reported above in hole AK-19-31.

Further Work

A total of 4,698 m out of the planned 25,000 m Phase 2 program has been completed. There are currently two drills on the project completing holes AK-19-033 and AK-19-034. AK-19-033 is an infill hole targeting upgrading inferred resources, while AK-19-034 is targeting the geophysical targets to the North. Within the next month an additional two drill rigs will mobilize to the project. The intention is to have four drill rigs operating on the project until the Phase 2 drill program is complete. Once the Phase 2 drilling program is concluded, management plans to complete an updated resource calculation, followed thereafter by a PEA. 

Sampling and Analytical Procedures

Regulus follows systematic and rigorous sampling and analytical protocols which meet and exceed industry standards.  These protocols are summarized below and are available on the Regulus website at

All drill holes are diamond core holes with PQ, HQ or NQ core diameters.  Drill core is collected at the drill site where recovery and RQD (Rock Quality Designation) measurements are taken before the core is transported by truck to the Regulus core logging facility in Cajamarca, where it is photographed and geologically logged.  The core is then cut in half with a diamond saw blade with half the sample retained in the core box for future reference and the other half placed into a pre-labelled plastic bag, sealed with a plastic zip tie, and identified with a unique sample number.  The core is typically sampled over a 1 to 2 metre sample interval unless the geologist determines the presence of an important geological contact. The bagged samples are then stored in a secure area pending shipment to a certified laboratory sample preparation facility. Samples are sent by batch to the ALS laboratory in Lima for assay.  Regulus independently inserts certified control standards, coarse field blanks, and duplicates into the sample stream to monitor data quality. These standards are inserted “blindly” to the laboratory in the sample sequence prior to departure from the Regulus core storage facilities.  At the laboratory samples are dried, crushed, and pulverized and then analyzed using a fire assay – AA finish analysis for gold and a full multi-acid digestion with ICP-AES analysis for other elements. Samples with results that exceed maximum detection values for gold are re-analyzed by fire assay with a gravimetric finish and other elements of interest are re-analyzed using precise ore-grade ICP analytical techniques.

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, B.Sc. (Hons), M.Sc, Ph.D, FAusIMM, Chief Geological Officer, who serves as the qualified person (QP) under the definitions of National Instrument 43-101. 

For Further Information, please contact:

Regulus Resources Inc.

John E. Black                                                                                                                                                    

CEO / Director                                              

Phone: +1 303 618-7797 mobile                   

             +1 720 514-9036 office                                    



Adam Greening            

Vice President, Corporate Development

Phone: +1 647 923 7799



Laura Brangwin

Manager, Investor Relations

Phone: +447517313833



About Regulus Resources Inc. and the AntaKori Project

Regulus Resources Inc. is an international mineral exploration company run by an experienced technical and management team, with a portfolio of precious and base metal exploration properties located in North and South America. 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 million tonnes with a grade of 0.48 % Cu, 0.29 g/t Au and 7.5 g/t Ag and inferred mineral resources of  267 million tonnes with a grade of 0.41 % Cu, 0.26 g/t Au, and 7.8 g/t Ag (see press release from March 1st 2019). Mineralization remains open in most directions and drilling is currently underway to confirm and increase the size of the resource.

For further information on Regulus, please consult our website at   

 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward Looking Information


Certain statements regarding Regulus, including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Regulus' control.  Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Specifically, and without limitation, all statements included in this press release that address activities, events or developments that Regulus expects or anticipates will or may occur in the future, including the proposed exploration  and development of the AntaKori project described herein, the completion of the anticipated drilling program, the completion of an updated  NI 43-101 resource estimate and management's assessment of future plans and operations and statements with respect to the completion of the anticipated exploration and development programs, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Regulus' control.  These risks may cause actual financial and operating results, performance, levels of activity and achievements to differ materially from those expressed in, or implied by, such forward-looking statements.  Although Regulus believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The forward looking statements contained in this press release are made as of the date hereof and Regulus does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities law.

Figure 1: Drill hole location map – AntaKori Project. The current Regulus drilling program is highlighted. Section lines L2650NE and L950NW are shown in Figures 2 and 3

Figure 1: Drill hole location map – AntaKori Project. The current Regulus drilling program is highlighted. Section lines L2650NE and L950NW are shown in Figures 2 and 3

Figure 2: Schematic geologic cross section L2650NE indicating projected location and results of AK-19-031

Figure 2: Schematic geologic cross section L2650NE indicating projected location and results of AK-19-031

Figure 3: Schematic geologic cross section L950NW indicating projected location and results of AK-19-032.

Figure 3: Schematic geologic cross section L950NW indicating projected location and results of AK-19-032.

Kura113 - An IOCG Project Longing For Further Exploration

Kura113 - An IOCG Project Longing For Further Exploration

A IOCG system within Chile's well-endowed Cretaceous Belt, Kura 113 is structurally controlled by the Romeral fault, where several nearby deposits are hosted; Delta, Farellon, Pichachos, Atutema porphyry and Tambillos Cu mines. Kura 113 represents an attractive opportunity to explore, with no significant work for over 10 years but reports highlighting the potential to host 80Mt @ 0.5% Cu Ox.

Follow-up Drilling Results from the Planalto Copper Project in Brazil

LARA EXPLORATION (TSX Venture: LRA) announced drilling had completed at the Homestead target back on June 10th and slowly the share price crept down. However, this new release of drill results from their Planalto copper project in Brazil, saw its share price rise 16%. The 15-drill-hole program supported the case for copper-gold mineralization to be underlying an area of 350m north-south and 350m east-west.

Aftermath Silver Increases Private Placement

AFTERMATH SILVER (TSX:AAG.H) had a positive reaction to the announcement it would be increasing its private placement up from 18.7 million units to 25, with its stock price bouncing up 20% on Friday. The company is building on the resources at the Challacollo and Cachinal projects in Chile through exploration programs.

Kura104 - High-grade Cu-Au-V Targets

Kura104 - High-grade Cu-Au-V Targets

Just 6 km west from Mantoverde IOCG deposit (640 Mt@ 0.47% Cu) Kura 103 contains several targets prospective for IOCG-type systems, controlled by two main NW and NS faults associated to the Atacama Fault System. Target (i) tourmaline breccia veins grading 1.78% Cu + 8.5g/t Au +0.12% V and Target (ii) multiple vein systems with grades up to 2.51% Cu + 17g/t Au + 0.21% V. There are multiple IOCG veins (11) of 150 to 300m long strike.

Atico Mining Corporation to Acquire Toachi Mining Inc. To Create a Leading Latin American Copper-gold Operator, Developer and Explorer

ATICO MINING (TSX-V:ATY; OTC:ATCMF) has announced plans to acquire TOACHI MINING (TSX-V:TIM; OTC:TIMGF) which will add the La Plata project in Ecuador to the company’s El Roble mine in Colombia. The agreement will create an interesting value proposition for shareholders, with Toachi shareholders seeing an approx. 49% premium.

Great Panther Makes Positive Production Decision for Coricancha, Peru

Great Panther (TSX: GPR; NYSE American: GPL) has approved a positive production decision for its Coricancha gold-silver-lead-zinc-copper mine in Peru, with commercial production looking likely to begin within the first half 2020. The decision was bolstered by the recent Bulk Sample Program, confirming assumptions made in the PEA. The production will be an important addition to the company’s other operations in Mexico and Brazil.

Kaizen announces successful completion of permitting and finalization of planned 2019 Pinaya drill program, Peru

Kaizen Discovery (TSXV:KZD) has received permitting at the Pinaya Copper-Gold project in Peru, and will therefore begin work to expand the resource and test targets with drilling. Pinaya sits on the same belt as well known porphyry and skarn systems, including Las Bambas (MMG), Constancia (Hudbay) and Haquira (First Quantum). Kaizen will also be carrying out a financing and converting outstanding debt to equity, putting the company in a stronger position to advance Pinaya.

Kura122 - Ag-Au silver epithermal veins, potential porphyry next to Hot Chili's Cortadera

Kura122 - Ag-Au silver epithermal veins, potential porphyry next to Hot Chili's Cortadera

4 x 1.5 km Ag - Au silver epithermal veins footprint, economically exploited since 1811. Immediately adjacent to Cortadera porphyry – where intensive drilling is being carried out by Hot Chili aiming to increase reserves for the Productora project. The Cortadera discovery in 2010 suggest a new non tested apical porphyry footprint model for Kura122. The upper silver veins might well represent a deeper porphyry system, yet to be tested

Orestone Initiates Resguardo Property Exploration, Chile

Orestone Mining (TSX:ORS) has started exploration at its Chile Resguardo copper-gold porphyry project where it has an option to earn 100%. For 2019 the exploration program will consist of geophysics to better define IP chargeability anomaly and test further southwestern extension, followed by drilling.

Cortadera Delivers One of the Worlds Standout Copper-Gold Porphyry Drill Results

Hot Chili Limited (ASX:HCH) is known for its Productora project in Chile, and now the recent drill results at its Cortadera deposit has brought added value to the company. The drill results topped the global charts with 622m grading 0.6% copper and 0.2g/t gold from 204m depth including a New High Grade Zone comprising: 188m grading 0.9% copper and 0.4g/t gold from 516m depth which includes: 100m grading 1.0% copper and 0.5g/t gold from 530m depth. MD, Christian Easterday compares grade and depth of mineralization in new zone to Solgold’s Cascabel.

Ero Copper Intersects 28.1 Meters Grading 12.60% Copper Including 18.0 Meters Grading 15.62% Copper At The Vermelhos Mine, Brazil

ERO COPPER (TSX:ERO) has released results from its recent drill program at the Vale do Curaçá Property at the Vermelhos Mine with high grade copper mineralization approximately 70m below the orebody. The company also discovered a new mineralized zone at the Pilar Mine below historic open pit. There are 26 drill rigs turning across the two districts with hopes to expand resources and extend mines lives.

Alicanto Strikes Earn-In Deal with Major Gold Producer Nord Gold on Arakaka Gold Project, Guyana

Alicanto Minerals (ASX:AQI) has signed an agreement with Nordgold who can earn 100% of the Arakaka project in Guyana, the same project Barrick pulled out of in 2018. The international diversified gold miner, Nordgold, will fund US$3 million explorations expenditures and a further US$5 million to execute the option. This move will be Nordgold’s second position in South America, following the 2017 55% earn in to the Montagne d’Or project in French Guiana.

New Energy Metals Announces Letter of Intent to Acquire Exploradora North Project (Chile) and Stock Option Grant

New Energy Metals Corp. (TSXV: ENRG) (OTC PINK: NEMCF) has set out its intent to move in next to Chile’s largest copper mine, Escondida and acquire up to 70% of the the Exploradora North Project. Last explored by BHP Billiton 20 years ago, Exploradora North has porphyry copper and skarn occurrences that are set to require deeper drilling than previous 600m depth, and is being compared to Codelco’s El Salvador which had a secondary blanket 600m below surface.

Additional Atahualpa Drilling Intersects Higher Grade Zones

Coro Mining Corp. (TSX: COP) has completed over 4000m more drilling at its Marimaca Project in the Antofagasta Region of Chile, confirming oxide mineralization and new evidence of mixed oxide-secondary sulphide and primary sulphide intercepts. Highlights included 44 metres at 0.91% CuT and 54 metres at 0.85% CuT, which was summarised as a high grade zone for the project.

New Pacific Reports First Results from 2019 Drill Program at Silver Sand, Bolivia – Continuing Intersection Wide Silver Mineralization near Surface Including 169 G/T Silver over 144.2M

New Pacific Metals Corp.’s (TSX-V: NUAG) (OTCQX: NUPMF) recent assays at their Silver Sand project show considerable high grade including 144.2m @ 169g/t Ag from 65.22m to 209.44m, with 73.21m @ 243g/t Ag from 65.22m to 138.43m. Backed by Silvercorp and Pan American Silver, New Pacific have managed to maintain a steady exploration program and will continue to drill new targets in 2019. These initial holes from the 2019 drill program, however, are infill holes, bringing drill hole density to approximately 25 metre by 25 metre spacing.

Brazilian Gold Acquisition Completed

Meteoric Resources NL (ASX: MEI) announced in March the acquisition of the high-grade Juruena Gold Project in Matto Grosso, Brazil which holds a 1.3Mt for 261koz Au at 6.3 g/t JORC Resource Estimate. Now that the transaction is complete the company will commence its exploration program with a drill campaign on its two main targets Dona Maria and Querosene.

Sierra Morena Drill Results – Amended

E2Metals (ASX:E2M) holds a large land holding in the world-class Santa Cruz gold and silver province in Argentina and Santa Morena sits next door to Pan America Silver’s COSE development project. E2 prioritised drilling several kilometres of untested veins at the project and results show more extensive mineralized system than previously apparent, with potential for higher grade targets at depth.

KURA084 | Two Geological Models, IOCG and Epithermal Porphyry

KURA084 | Two Geological Models, IOCG and Epithermal Porphyry

Just Southeast of Hot Chili’s Productora project, KURA084 offers a two-pronged approach with two different geological models supporting potential IOCG and epithermal-porphyry systems that show Ag, Au and Cu anomalies at surface. Get The Factsheet.