Regulus Resources Inc. ("Regulus" or the
"Company", REG TSX.V) is pleased to announce the
results from four additional drill holes from its ~25,000 m Phase
II drill program, the aim of which is to expand and infill
resources at the Company’s AntaKori copper-gold project in northern
Peru. Holes AK-19-035 and AK-19-037 were successful in expanding
the footprint of mineralization at AntaKori and provide further
evidence to the Company’s theory that moving to the north of the
property (Anta Norte), the bulk of mineralized material contains
low-arsenic skarn and porphyry hosted mineralization. Hole
AK-19-035 confirms the continuity of low-arsenic, moderate-grade
mineralization between the previously released AK-19-030 and
AK-19-034, while AK-19-037 demonstrates the upward continuity of
the mineralization observed in Hole AK-19-034. Hole AK-19-033A was
designed as a replacement to the lost AK-19-033, and successfully
upgraded the confidence level of existing resources. Hole
AK-19-036, apart from infilling a gap in the resource model, has
started to outline the eastern margin of the skarn-style
mineralization which was expected and helps with our goal of
defining the extent of mineralization, and ultimately the overall
footprint of the orebody. Results for drill holes AK-19-033A,
AK-19-035, AK-19-036 and AK-19-037 are reported in Table 1.
Highlights from drill holes AK-19-033A,
AK-19-035, AK-19-036 and AK-19-037 - AntaKori Project:
- AK-19-035:
- 110.37 m of 0.27% Cu, 0.17 g/t Au and 4.92 g/t Ag
(0.43% CuEq) from 238.15 m
- 151.05 m of 0.28% Cu, 0.19 g/t Au and 4.15 g/t Ag
(0.45% CuEq) from 371.80 m
- Including 38.00 m 0.43% Cu, 0.33 g/t Au and 10.08 g/t
Ag (0.75% CuEq) from 394.10 m
- 625.30 m of 0.33% Cu, 0.17 g/t Au and 2.67 g/t Ag
(0.48% CuEq) from 570.70 m
- Including 504.15 m of 0.36% Cu, 0.19 g/t Au, 2.91 g/t
Ag (0.53% CuEq)
- Including 28.58 m of 0.33% Cu, 0.51 g/t Au and 3.90 g/t
Ag (0.73% CuEq) from 734.92
- And 54.15 m of 0.71% Cu, 0.15 g/t Au and 1.81 g/t Ag
(0.83% CuEq) from 1046.05 m
- Mineralization hosted primarily in low-As skarn and
porphyry material throughout entire hole
- From 1,200.78 m to a total depth of 1,321.98 m the hole
was drilled on claims belonging to the Colquirrumi earn in
agreement (see news release of April 3, 2017)
- AK-19-033A:
- 253.90 m of 0.36% Cu, 0.32 g/t Au and 10.15 g/t Ag
(0.68% CuEq) from 235.40 m
- Including 46.00 m of 0.52% Cu, 0.43 g/t Au and 9.75 g/t
Ag (0.91% CuEq) from 235.90 m
- And 28.25 m of 0.40% Cu, 0.35 g/t Au and 19.54 g/t Ag
(0.83% CuEq) from 305.55 m
- And 48.90 m of 0.48% Cu, 0.26 g/t Au and 15.84 g/t Ag
(0.81% CuEq) from 342.90 m
- 113.82 m of 0.27 Cu, 0.17g/t Au and 3.35 g/t Ag (0.42%
CuEq) from 502.08 m
- AK-19-036:
- 18.30 m of 0.40% Cu, 0.19 g/t Au and 8.92 g/t Ag (0.62%
CuEq) from 312.40 m
- 10.80 m of 0.50% Cu, 0.57 g/t Au and 10.31 g/t Ag
(1.00% CuEq) from 390.80 m
- Defined the eastern most limits of the
deposit
- AK-19-037:
- 69.60 m of 0.31% Cu, 0.15
g/t Au and 15.6 g/t Ag (0.56% CuEq) from 234.80 m
- 179.90 m of 0.22% Cu, 0.22
g/t Au and 6.95 g/t Ag (0.44% CuEq) from 360.00 m
- Including 38.20 m of 0.35% Cu, 0.50 g/t Au and 18.14
g/t Ag (0.87% CuEq) from 413.10 m
- 178.70 m of 0.21% Cu, 0.29
g/t Au and 2.74 g/t Ag (0.45% CuEq) from 570.35 m
- 63.35 m of 0.36% Cu, 0.07
g/t Au and 2.43 g/t Ag (0.43% CuEq) from 1229.75 m
- Mineralization hosted
primarily in low-As skarn and porphyry material throughout entire
hole
- From 600.13 m to a total
depth of 1,489.30 m, the hole was drilled on claims belonging to
the Colquirrumi earn in agreement (see news release of April 3,
2017)
John Black, Chief Executive Officer of
Regulus, commented as follows: “Drilling along the
edges of the prominent magnetic high geophysical target to the
north of our project continues to provide evidence that our
geological theory at AntaKori is correct, that as we move to the
north (Anta Norte), we’re moving toward cleaner mineralization. The
grades in holes AK-19-035 and AK-19-037 are very similar to what we
saw in the previously released hole AK-19-034. The only difference
was Hole AK-19-034 also intersected a high sulphidation structure
that carried higher-grade mineralization, but with higher arsenic
values. The very long runs of clean, moderate-grade
mineralization that both AK-19-035 and AK-19-037
intersected will not only expand the size of our current
resource, but they also have us very excited about testing the
geophysical targets to the north and northeast from more
advantageous setups, once we receive drilling permits.”
Discussion of Results
Table 1 below provides more details regarding
the mineralized intercepts encountered in drill holes AK-19-033A,
AK-19-035, AK-19-036 and AK-19-037. The locations of the reported
drill holes are indicated on Figure 1. These holes are part of the
Phase II drilling program projected to consist of approximately
25,000 m of drilling to be completed by H1 2020.
Table 1. AntaKori Holes AK-019-033A, AK-19-035, AK-19-036,
AK-19-037 |
Drill Hole |
Cutoff (CuEq%) |
From (m) |
To (m) |
Interval (m) |
Cu (%) |
Au (ppm) |
Ag (ppm) |
As (ppm) |
CuEq (%) |
AK-19-033A |
Interval |
0.2 |
0.00 |
39.25 |
39.25 |
0.06 |
0.34 |
5.96 |
124 |
0.36 |
Interval |
0.2 |
235.40 |
489.30 |
253.90 |
0.36 |
0.32 |
10.15 |
369 |
0.68 |
including |
0.5 |
235.90 |
281.90 |
46.00 |
0.52 |
0.42 |
9.75 |
1,536 |
0.91 |
and |
0.5 |
305.55 |
333.80 |
28.25 |
0.40 |
0.35 |
19.54 |
96 |
0.83 |
and |
0.5 |
342.90 |
391.80 |
48.90 |
0.48 |
0.26 |
15.84 |
169 |
0.81 |
Interval |
0.2 |
502.08 |
615.90 |
113.82 |
0.27 |
0.17 |
3.35 |
262 |
0.42 |
Total depth |
|
675.40 |
|
AK-19-035 |
Interval |
0.2 |
187.10 |
219.41 |
32.31 |
0.15 |
0.08 |
12.70 |
752 |
0.33 |
Interval |
0.2 |
238.15 |
348.52 |
110.37 |
0.27 |
0.17 |
4.92 |
117 |
0.43 |
including |
0.5 |
307.30 |
336.35 |
29.05 |
0.40 |
0.29 |
8.96 |
153 |
0.69 |
Interval |
0.2 |
371.80 |
522.85 |
151.05 |
0.28 |
0.19 |
4.15 |
183 |
0.45 |
including |
0.5 |
394.10 |
432.10 |
38.00 |
0.43 |
0.33 |
10.08 |
464 |
0.75 |
Interval |
0.2 |
576.70 |
1,202.00 |
625.30 |
0.33 |
0.17 |
2.67 |
59 |
0.48 |
including |
0.2 |
640.15 |
1,144.30 |
504.15 |
0.36 |
0.19 |
2.91 |
62 |
0.53 |
including |
0.5 |
734.92 |
763.50 |
28.58 |
0.33 |
0.51 |
3.89 |
36 |
0.73 |
and |
0.5 |
811.50 |
852.52 |
41.02 |
0.36 |
0.20 |
6.46 |
69 |
0.56 |
and |
0.5 |
877.15 |
915.70 |
38.55 |
0.34 |
0.31 |
4.69 |
18 |
0.60 |
and |
0.5 |
1,046.05 |
1,100.20 |
54.15 |
0.71 |
0.15 |
1.81 |
29 |
0.83 |
Interval |
0.2 |
1,231.00 |
1,252.15 |
21.15 |
0.35 |
0.05 |
1.25 |
300 |
0.39 |
Total depth |
|
1,321.98 |
|
|
|
|
|
|
|
AK-19-036 |
|
|
|
|
|
|
|
|
|
Interval |
0.2 |
312.40 |
330.70 |
18.30 |
0.40 |
0.19 |
8.92 |
238 |
0.62 |
Interval |
0.2 |
390.80 |
401.60 |
10.80 |
0.50 |
0.57 |
10.31 |
206 |
1.00 |
Interval |
0.2 |
415.75 |
426.90 |
11.15 |
0.17 |
0.31 |
3.66 |
401 |
0.43 |
Total depth |
|
882.00 |
|
|
|
|
|
|
|
AK-19-037 |
|
|
|
|
|
|
|
|
|
Interval |
0.2 |
234.80 |
304.40 |
69.60 |
0.31 |
0.15 |
15.60 |
160 |
0.56 |
Interval |
0.2 |
360.00 |
539.90 |
179.90 |
0.22 |
0.22 |
6.95 |
251 |
0.44 |
including |
0.5 |
413.10 |
451.30 |
38.20 |
0.35 |
0.50 |
18.14 |
656 |
0.87 |
Interval |
0.2 |
570.35 |
749.05 |
178.70 |
0.21 |
0.29 |
2.74 |
128 |
0.44 |
Interval |
0.2 |
813.10 |
931.00 |
117.90 |
0.20 |
0.13 |
4.56 |
89 |
0.34 |
Interval |
0.2 |
1,229.75 |
1,293.10 |
63.35 |
0.36 |
0.06 |
2.43 |
288 |
0.43 |
Interval |
0.2 |
1,490.60 |
1,509.50 |
18.90 |
0.30 |
0.03 |
4.83 |
372 |
0.36 |
Interval |
0.2 |
1,542.10 |
1,558.90 |
16.80 |
0.24 |
0.04 |
2.32 |
417 |
0.29 |
Total depth |
|
1,565.63 |
|
|
|
|
|
|
|
The grades are uncut. Cu Eq and Au Eq values were calculated using
copper, gold and silver. Metal prices utilized for the calculations
are Cu – US$2.25/lb, Au – US$1,100/oz, and Ag – US$14/oz. All
intervals presented above consist of sulphide mineralization. No
adjustments were made for recovery as the project is an early stage
exploration project and metallurgical data to allow for estimation
of recoveries is not yet available. The formulas utilized to
calculate equivalent values are Cu Eq (%) = Cu% + (Au g/t * 0.7130)
+ (Ag g/t * 0.0091) and Au Eq (g/t) = Au g/t + (Cu% * 1.4026) + (Ag
g/t * 0.0127). |
|
Drill Hole AK-19-033A was
drilled with an azimuth of 211 degrees and an inclination of -80
degrees (Figure 2). The purpose of this hole was to convert
inferred resources to indicated resources in the current block
model. As well, this hole replaced Hole AK-19-033 which had to be
abandoned before it’s intended depth due to poor ground
conditions.
The top 270 m of the hole is dominated by
Miocene tuffs of the Calipuy Formation exhibiting strong advanced
argillic alteration dominated by quartz-illite-pyrite (QIP) to 107
m and thereafter alternating patches of
quartz-pyrophyllite-(kaolinite)-pyrite with QIP. Mineralization in
the interval is patchy and generally weak, consisting of
disseminated enargite and pyrite.
From 270.5 m to 516.6 m, the hole encountered
Chulec Formation skarn exhibiting retrograde alteration with
chlorite-epidote, minor magnetite and between one and two percent
fine-grained chalcopyrite. The skarn is oxidized below the volcanic
rocks (paleoregolith) to approximately 300 m depth although the
oxidation is weak compared to other areas of the project. A major
interval of cross-cutting breccias occurs from 310 m to 345 m, with
clasts of skarn in an argillic milled-matrix. The breccias have a
pervasive silica-clay alteration, however they are moderately- to
well-mineralized with fine grained chalcopyrite (to 2%) and traces
of molybdenite.
From 516.6 m to 617.9 m, the hole encountered
Inca Formation skarn and hornfels, with the upper part of the
interval, to approximately 566 m, consisting of retrograde skarn
dominated by chlorite and magnetite, with 0.5% to 1.0% fine-grained
chalcopyrite. Chalcopyrite occurs mostly in veins with anhydrite
and pyrite, with a lesser number of quartz-pyrite-chalcopyrite
veins. The deeper part of the Inca Formation, from 566 m to 617.9
m, is mostly hornfels and quartzite with persistent veining.
From 617.9 m to 621.1 m, a narrow porphyry dyke
intrudes along the contact between the Inca Formation and the
underlying Farrat Formation, which consists of massive quartzite
with intervals of arkose until the end of the hole at 675.4 m.
There is abundant gypsum/anhydrite and pyrite veining, with trace
amounts of molybdenite but no significant copper
mineralization.
Drill Hole AK-19-035 was
drilled with an azimuth of 053 degrees and an inclination of -71
degrees (Figure 3). The purpose of this hole was to test the
prominent magnetic-high geophysical target to the north.
From 1 m to 290.7 m, the hole cuts volcanic
tuffs of the Calipuy Formation exhibiting strong advanced argillic
(AA) alteration characterized by quartz-pyrophyllite-pyrite to
quartz-illite-pyrite ±dickite. The volcanic rocks are weakly
mineralized with enargite, tetrahedrite and chalcocite. About six
percent of the interval consists of several narrow polymictic,
milled-matrix breccias which cut the volcanic rocks and are also
altered to AA but are slightly better mineralized with about one
percent very fine chalcopyrite present as relicts in clasts.
At 270.7 m the hole encountered skarn of the
Chulec Formation which is oxidized (paleoregolith) from the
unconformity at 290.7 m down to approximately 337 m depth. From 305
m to 332 m, the skarn is brecciated with angular clasts of skarn
and quartzite in a chlorite-rich matrix, and from 332 m to 346 m
the skarn is massive retrograde skarn with traces of endoskarn.
Mineralization in the skarn interval averages around 2%
chalcopyrite, with stronger mineralization in the brecciated
part.
From 346 m onwards there is a long interval of
strongly altered intrusive rock exhibiting a strong texture
destructive silica-clay-pyrite alteration overprinting an earlier,
probable sericite-chlorite alteration. Below 400 m there is
increased presence of gypsum, suggesting that the earlier
assemblage was chlorite-sericite with anhydrite veining. From 394 m
to 404 m and subsequently from 438 m to 481 m, there are intervals
of endoskarn in intrusive and/or exoskarn. They show a similar
level of mineralization to other skarn intervals, with 1.5% to 2%
chalcopyrite.
A zone of numerous faults from 575 m to 585 m
has localized a late rhyolite intrusive from 584 m to 586 m; below
is an interval consisting largely of endoskarn which continues to
771.5 m. The retrograde endoskarn alteration is characterized by
chlorite, magnetite and epidote. The interval is moderately well
mineralized with up to 2% chalcopyrite which occurs in veins with
quartz, pyrite and magnetite. An interval of flow-banded,
late-stage rhyolite occurs from 771.5 m to 785 m; this interval
contains minor sphalerite, but no significant copper
mineralization.
From 785 m to 1,192 m there is a long interval
of porphyritic intrusive rock exhibiting quartz-sericite-pyrite
overprinting a strong chloritic alteration. The interval is
moderately mineralized with quartz-pyrite-chalcopyrite-(calcite,
chlorite) veining. Mineralization is more intense from around 1,050
m to 1,100 m. This corresponds to the gypsum front and the
preservation below this level of anhydrite-chalcopyrite-pyrite
veining. Below 1,100 m, mineralized veins are more sporadic down to
the contact with the Farrat Formation at 1,175 m.
From 1,175 m there is a 10 m interval of arkose
sediments and then a further 8 m of porphyry until, at 1,191.7 m,
the hole passes into Farrat Formation quartzites. Apart from two
thin fingers of porphyry (~2 m or less), the hole remains in Farrat
Formation quartzites with thin arkose horizons, to the end of the
hole at 1,321.98m.
Drill Hole AK-19-036 was
drilled from an azimuth of 080 degrees and an inclination of -69
degrees (Figure 4). The purpose of this hole was to infill a gap in
the existing resource model and test the extents of the system to
the east.
The hole begins in volcanic rocks of the Calipuy
Formation and continues until 66 m, with strong advanced argillic
alteration, however there is no associated mineralization.
From 66 m to 100.6 m, the hole cuts massive
marble of the Chulec Formation; after a series of faults between 92
m and 100 m there occurs a 9 m zone of barren endoskarn with strong
retrograde ch-ep-py alteration. At 109.7 m, this is cut by a
fine-grained intrusive with advanced argillic alteration. From
122.6 m, the hole reverts to a fine-grained, plagioclase- and
biotite-phyric intrusive. This unit is moderately oxidized with an
underlying silica-chlorite-pyrite alteration. From 160 m to 186 m
is a zone of massive skarn intercalated with hornfels; it is
largely unmineralized but with occasional clots of Cu-Pb-Zn
sulphides.
The intrusive continues until 223 m,
unmineralized and altered with qz-sericite-chlorite. From 223 m to
413 m is a thick interval of massive skarn with marble bands of the
Chulec Formation cut by small intrusive dykes. There is weak
chalcopyrite in the skarn sections, with occasional 1 m or 2 m
zones of massive magnetite-sulphide which contain up to 5%
chalcopyrite. From 413 m to 526 m is the Inca Formation, consisting
of massive skarn (45%), hornfels (45%) and arkose sediments (10%).
At 526 m the hole passes into Farrat Formation quartzites and
remains in that unit until end of the hole at 882 m.
Drill Hole AK-19-037 was
drilled with an azimuth of 049 degrees and an inclination of -55
degrees (Figure 5). The purpose of this hole was to follow up on
the previously released hole AK-19-034, drilling from the same
drill pad but at a shallower angle to test the vertical extent of
mineralization above AK-19-034.
From surface to 253 m, the hole intercepted
Miocene volcanic rocks of the Calipuy Formation exhibiting
pervasive silica-clay-pyrite alteration with weak mineralization
characterized by occasional pyrite-enargite veins. From
approximately 235 m depth, there is a more intense clay-rich
alteration and brecciated texture, which is accompanied by
increased number of pyrite-chalcopyrite veins. There is a faulted
contact at 253.3 m between the Calipuy Formation volcanic rocks and
underlying skarns.
From 235 m to 688.5 m, the hole encountered a
mixed sequence of Chulec Formation skarn and intrusive rocks. The
skarns consist of brecciated skarn (intervals 258 m to 288 m and
from 414 m to 453 m), prograde skarn with red garnet and pyroxene
and intervals of pervasive retrograde skarn of variable intensity
characterized by chlorite, epidote and lesser magnetite. The
breccia intervals have more intense magnetite and also
chalcopyrite. Intrusive rocks with porphyry texture hosting
endoskarn occur from 307 m to 320 m, from 382 m to 386 m, 543 m to
570 m and from 615 m to 636 m. These intervals exhibit largely
quartz-sericite-pyrite alteration, with weak chalcopyrite
mineralization hosted in veins along with quartz, calcite, chlorite
and pyrite. Mineralization in the skarn consists of vein-hosted and
disseminated chalcopyrite and sphalerite. Sphalerite is abundant in
the upper part of the interval, diminishing after around 530 m.
From 688. 5m to 973 m, the hole cuts intrusive
rocks with approximately 40% altered to endoskarn. The parts with
preserved texture show a quartz-sericite-chlorite alteration with
veins of quartz-pyrite-chalcopyrite-magnetite. Mineralization in
this interval is moderate, with chalcopyrite being the abundant
mineral. In a narrow interval from 973 m to 985 m, Inca
Formation skarn, quartzite and hornfels are observed, passing
downwards into the Farrat Formation. From 984.6 m to the end of the
hole at 1,567.18 m, Farrat Formation quartzites are intersected,
cut by a series of intrusive and breccia units. Mineralization
occurs as chalcopyrite veins and disseminated chalcopyrite.
True Widths
The true widths of the mineralized intervals
reported in Table 1 are difficult to ascertain and additional
drilling and geologic modelling will be required to better
constrain the geometry of the mineralized zones. High-sulphidation
epithermal mineralization within the Miocene volcanic sequence is
characterized by extensive zones of low to moderate-grade
disseminated and fracture-controlled mineralization that enclose
zones of higher-grade mineralization. These higher-grade
zones consist of irregular pyrite-enargite veins, veinlets, and
open space infilling that exhibit both a subvertical structural
control and a subhorizontal permeability or manto control within
the volcanic sequence. The margins of the higher-grade,
high-sulphidation epithermal zones are generally not sharp or
planar in nature. Skarn-style mineralization in the Cretaceous
sedimentary sequence is mainly controlled by the subhorizontal
stratigraphy and reported mineralized intercepts are probably close
to true thicknesses, as the drill holes are steeply inclined at
minus 55-80 degrees.
Further Work
Approximately 12,600 m have been completed of
the Phase II drilling program to date. There are currently four
drills on site completing holes AK-19-039, AK-19-040, AK-19-041 and
AK-19-042. Hole AK-19-038 was recently completed, however complete
assays have yet to be received.
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.
For Further Information, please
contact:
Regulus Resources Inc.
John E. Black CEO / DirectorPhone:
+1 303 618-7797
mobile
+1 720 514-9036 officeEmail: john.black@regulusresources.com
Adam Greening Vice President, Corporate
DevelopmentPhone:+1 647 923 7799Email:
adam.greening@regulusresources.com
Laura BrangwinManager, Investor RelationsPhone:
+447517313833 Email: laura.brangwin@regulusresources.com
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
dated March 1, 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 Resources
Inc., please consult our website at www.regulusresources.com.
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 www.regulusresources.com.
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.
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 is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3303f09c-7b89-4134-ad09-d3a264c59978.
Sections L1500NW, L1400NW, L900NW and L1250WE are shown in Figures
2, 3, 4 and 5.
Figure 2-Section L900NW-Hole AK-19-033A is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8c3b29e2-db52-4152-8c68-7a9a54741d4e.
Figure 3-Section L1500NW-Hole AK-19-035 is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/53e0c1c1-b991-4800-a226-b38fab162ff4.
Figure 4-Section L12500WE-Hole AK-19-036 is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c220d81f-7a3b-46ec-8707-bfe4c65a6e41.
Figure 5-Section L1400WE-Hole AK-1 is available
at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a66d1587-ec13-4294-8c48-03de5148bcb4.
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