Regal Resources Inc. Announces Underground Sampling and Geological Mapping Program
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/22/12 -- Regal Resources Inc. (the "Company" or "Regal") (CNSX: RGR) is pleased to announce the commencement of an underground sampling and geologic mapping program on the company's 100% owned Sunnyside property in Santa Cruz county, Arizona. This initial phase of the work program will focus on the seven historic mines located within the 5,400 acre property. Production from the mines within the and adjacent to the company's claim block yielded significant amounts of high grade Cu, Ag, Pb, Zn and Au from limited underground production. This production spanned the late 1800's to the 1960's.
The lithology of the underground workings in three adits surrounding the recently identified alteration zone at the base of the lithocap (Regal NR dated Nov.18, 2011) are of particular interest. This underground sampling and mapping coupled with surface geologic mapping may provide target definition of near surface copper porphyry mineralization which could underlie the lithocap. Other underground workings occurring throughout the project area will also be sampled and mapped. This work may help identify additional near-surface drill targets which may include porphyry copper and high grade vein mineralization not previously recognized.
The results of the above described work combined with a geophysical survey will assist in further defining drill targets to be tested in the 2013 drill season.
The technical information in this release has been reviewed and approved by Mr. Herb Duerr, P. Geo. a 'qualified person' as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Duerr is the qualified person responsible for the company's current work program conducted on the Sunnyside Property.
About Regal Resources Inc.
Regal Resources Inc. is a junior mineral exploration and development company based in Vancouver, Canada. The Company is focused on the development and acquisition of copper projects in the copper producing state of Arizona. The Company is currently focused on its exploration copper/silver property, the Patagonia (Sunnyside) property, located near Nogales, Arizona. Regal Resources is listed on the Canadian National Stock Exchange (CNSX) under the symbol (RGR).
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, except as required by law.
Contacts:
Regal Resources Inc.
Gregory M Thomas
President
604.730.0234
Regal Resources Inc.
Drew N Brass
VP Communications
604.730.0234
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Unternehmensinformation / Kurzprofil:
Datum: 22.10.2012 - 17:11 Uhr
Sprache: Deutsch
News-ID 194827
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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