Regulus Resources Inc. (TSXV:REG) is pleased to announced drill results for an additional six drill holes the Rio Grande copper-gold-molybdenum project.
As quoted in the press release:
RGR-12-111 intersected higher grade copper-gold sulphide zone at depth: 195.50 m with 0.53 g/t Au and 0.36% Cu (1.31 g/t Au Eq), including 67.50 m with 0.75 g/t Au and 0.50% Cu (1.82 g/t Au Eq).
Regulus’s President and CEO, John Black, said:
We have now intersected the high-grade copper-gold Southwest zone on four parallel drill sections, spaced at approximately 50 metre intervals with a vertical extent of mineralization exceeding 500 m. Mineralization remains open both laterally and to depth but appears to be decreasing in grade, thickness and gold/copper ratio away from the high-grade core defined by drill holes RGR-11-086, RGR-12-099 and RGR-12-106. The geometry of the mineralized zone is now quite well constrained as a tabular zone with a northwest strike and dipping steeply to the northeast.
In 2014 Copper Fox Metals Inc. (TSXV:CUU) added approximately 1.8 billion pounds of copper as well as 140,000 ounces of gold contained within the Inferred resource category to its metal holdings.
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