Corporate Fact Sheet

Adding Value Through Continued Discovery

Regulus Resources Inc. (TSX V.REG) is a well-funded Canadian exploration company lead by the former management of Antares Minerals Inc.; John E. Black, Kevin B. Heather and Mark Wayne. Regulus was created through the spin-out of the Rio Grande Cu-Au project in Argentina from Antares Minerals during the sale of Antares and the giant Haquira Cu-M-Au deposit in Peru to First Quantum Minerals (TSX.FM, UK FQM) in 2010 for approximately C$650 million. Regulus has recently acquired a new flagship project, the AntaKori Cu-Au-Ag project in northern Peru, by means of a friendly merger with Southern Legacy Minerals and is well positioned to repeat the previous success of Antares Minerals.

REG now has a strong portfolio of projects located in 5 countries. Three of these projects, including the flagship AntaKori Cu-Au-Ag project in Peru, have reportable resources as summarized in the following table.

Resource Category Tonnes Millions Au
(g/t)
Cu
(%)
Ag
(g/t)
Au
(M ozs)
Cu
(B lbs)
Ag
(M ozs)
Au EQ
(M ozs)
Cu EQ
(B lbs)
AntaKori Cu-Au-Ag
Inferred 294.8 0.36 0.48 10.2 3.40 3.1 93.3 12.81 5.1
Rio Grande Cu-Au
Indicated 55.3 0.36 0.34 4.4 0.64 0.4 7.8 1.81 0.7
Inferred 101.1 1.00 0.7 14.4 2.93 1.2
Puchuldiza Au
Inferred 30.1 0.71 0.69 0.69

Au EQ and Cu EQ were calculated using the following metal prices: Au = $US 1200 /oz, Cu = $US 3.00 /lb, Ag = $US 20 / oz

KEY RESULTS and CATALYSTS FOR 2018

  • AntaKori Project – collaborative exploration agreements in place with neighbors Minera Coimolache (Tantahuatay Mine) and Minera Colquirrumi – access to much larger area
  • 15-18,000m drilling program in progress at AntaKori – 3 rigs currently drilling
  • First five Regulus diamond drill holes at AntaKori intersected the following results:

                                  184 m with 1.54% Cu, 1.05 g/t Au and 11.9 g/t Ag from 250 m depth
                                  524 m with 0.65% Cu, 0.47 g/t Au and 7.9 g/t Ag from 205 m depth
                                  328 m with 0.42% Cu, 0.22 g/t Au and 8.6 g/t Ag from 172 m depth
                                  323 m with 0.52% Cu, 0.15 g/t Au and 8.3 g/t Ag from 267 m depth
                                  595 m with 0.35% Cu, 0.24 g/t au and 5.5 g/t Ag from 241 m depth
Mineralization is high sulphidation epithermal style with underlying Cu-Au skarn

  • Drilling continues with target for completion of revised resource estimate by Q4 2018
  • Re-evaluate strategy for Rio Grande and other Argentine projects in improved investment climate
  • Drilling program completed at Golden Brew JV in Nevada (10,000 ft) – results encouraging

 

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