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 2017
- AntaKori Project – collaborative exploration agreements in place with neighbors Minera
Coimolache (Tantahuatay Mine) and Minera Colqurrumi in May 2016 – access to much larger area - 15-18,000m drilling program commenced at Antakori – April 2017
- First Regulus diamond drill hole 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
includes 110.7 m with 2.34% Cu, 1.63 g/t Au and 17.9 g/t Ag
Mineralization is high sulphidation epithermal style – underlying skarn target to be tested next - Drilling continues with target for completion of revised resource estimate by Q2 2018
- Re-evaluate strategy for Rio Grande and other Argentine projects in improved investment climate
- Drilling program underway at Golden Brew JV in Nevada (10,000 ft) – results available soon