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Regulus Speaks! (REG.v)

It’s a Christmas miracle! After 238 days (is that a record?) Regulus Resources (REG.v) has stopped whispering special insider whispers on Twitter and has deigned to give the real world a news release. We are blessed! It starts this way:

VANCOUVER, British Columbia, Dec. 06, 2021 (GLOBE NEWSWIRE) — Regulus Resources Inc. (“Regulus” or the “Company”, TSX-V: REG, OTCQX: RGLSF) would like to provide an update on activities at the AntaKori project. The Company has restarted drilling activity at the Anta Norte target area of the project, with one drill rig currently on site and plans for a second rig to be added in January 2022. The objective of the initial hole is to test for extensions and additional information on the geometry of the high-grade breccia-style mineralization discovered in hole AK-18-26, which returned 473.20 m of 1.39% CuEq hosted in a breccia unit that is open in multiple directions (see news release dated January 30, 2019).

That previous hole mentioned is here…

…which means it’s roughly in the middle of the valley and close to the small road that runs down the centre of same. That makes the current hole a valid target (at least they didn’t try to twin one on the border of Coimolache) which means they really do need local permission and approval, so the CSR outreach they speak of in the NR can’t just be hot air. I’m sure that if you talk to John Black or Kevin Heather, they’ll give you more on angles and azimuth to explain more on the extension area they are targeting. They won’t talk to me, though, they get bored quickly with people who understand Peru, but despite that IKN still wishes REG luck with its 2021 2022 drill program.

PS: We never did get to the bottom of why Stewart Redwood left the company, did we?


    TAG Vancouver 06/12/21 2:44 pm

    I wonder if they (Regulus) do actually have a valid drill permit to drill on their concessions or if they are still using the Coimolache permit. We shall see once drill assays are recieved, around, I’m guessing, early march…


      IKN decided early morning not to comment too much on what’s obviously a carefully worded news release. However IKN notes that REG can now label a hole XXXXXX-2021, which must be a relief for those who place importance in such matters. Also, IKN hopes the drill rig comes equipped with lightning conductors.


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