EXPLORATION & DEVELOPMENT

Regulus hits 258m at 0.68% copper-equivalent

Aiming for resource update by year-end

Staff reporter

This article is 7 years old. Images might not display.

The same hole hit a further 145.5m at 1.11% CuEq from 288m that remained open at depth.
 
Another drill hole intercepted 31.37m at 2.03% CuEq from 99m, where the hole entered Regulus ground.
 
The company has an 18,000m drilling programme underway, in collaboration with neighbouring gold miner Compañía Minera Coimolache SA, and is aiming to provide a "robust updated resource" by the end of the year.
 
Regulus has announced a series of lengthy mineralised intercepts in recent months, including 523.9m at 0.65% copper, 0.47g/t gold and 7.93g/t silver from 204.5m in September that sent its shares to a 52-week high of C$3.
 
The 2012 inferred resource was established by a previous operator and comprises 294.8 million tonnes at 0.48% copper, 0.36g/t gold and 10.2g/t silver.
 
Regulus CEO John Black said the company planned to increase the rig count to four or five once the rainy season ended in a month or so.
 
It had working capital of C$4.3 million (US$3.4 million) at the start of this year, which it said was sufficient to continue operations for at least the next 12 months.
 
Shares in the company closed up 4c on Friday to $1.85.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.

editions

Investor Sentiment Insights 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.