Regal Announces Results from the Company's Second Round of Confirmation Sampling on its Patagonia Project
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/27/11 -- Regal Resources Inc. (CNSX: RGR) (the "Company" or "Regal") has received additional confirmation assays from resampling of historic core from the Company's Patagonia Project. These samples were taken from holes drilled within the Chalcocite Target located in the northeastern portion of the Patagonia project and were submitted to Skyline Labs in Tucson, Arizona. Historic core sampling results of the Chalcocite Target indicate significant intervals of copper and silver mineralization.
Re-Assaying of Historic Core
Summary results of the four holes are listed in the table below. A complete table of Cu/Ag results follows the discussion. The results of this work confirmed at least two significant zones of chalcocite-rich mineralization occurring within several historic core holes. Three of the drill holes were fanned from a single site (angled at -45 degrees at declinations of Due North, due east and south 45 degrees west). The three holes (BB 2, 3 and 6) diverged at depth while the fourth hole (BB 4) was located at least 183 meters (600 feet) further north. True thickness is presently unknown.
Comparison of Highlighted Historical Intercepts Reported by Asarco vs. Regal's Assays Conducted on Pulps From the Same Intervals
Interpretation of Results
Arsenic is in significant proportion to the copper and silver within the BB holes suggesting a chalcocite-enargite system near surface. This is confirmed by visual identification of enargite at surface. Further testing of the chalcocite-enargite mineralization is underway and will provide valuable insight and information on the solubility characteristics of the copper minerals found near surface.
The entire chalcocite zone had been previously sampled on 3 meter (10 feet) intervals leaving half core. The half core was quartered along the same 3 meter (10 feet) intervals leaving a quarter of the core for further evaluation. The above results are composite samples and indicate acceptable correlation of both copper and silver results. The silver values are generally higher (average 50%) in the new assays compared to the old. The historic and recent copper assays are generally within 10% or less of each other.
Excessive variations between the historic and recent samples occur in the upper portion of BB 3 and the lower portion of BB 6. These discrepancies vary by as much as 50% in the summary results and as much as 80% in individual samples (see tables 1 and 2). The discrepancies may be due in part to the non-homogeneous nature of the higher grade mineralization. This phenomenon is believed to be due to remobilized copper mineralization filling fractures. Areas of wide diversity occur within the upper portion of BB 3 where historic grades ranging from 0.8 to 1.3% copper compared with 0.25 to 0.6% in the recent assays. The reverse occurred in hole BB 6 where historic assays ranged from 0.45 to 3.75% while higher grades from recent samples ranged from 0.8 to 4.68% copper. Additionally, sampling methods varied between the historic collection which used a hydraulic jack and wedge, preferentially breaking the core along fractured surfaces, and the recent sampling which used a saw and diamond blade. Although the discrepancies are rather large between individual samples (greater than 80% in some cases), when composited over larger intervals and numerous drill holes, the results tend to even out.
The table below gives each individual sample result that was duplicated.
Additional Sampling Submitted for Assaying
Sampling of the deeper portions of mineralization are currently underway and this sampling program is of previously uncut core from two core holes lying within the general proximity of the Skarn Target. The Skarn Target lies approximately 1,000 meters (3,200 feet) northeast of the Chalcocite Target. These holes lie approximately 365 meters (1,200 feet) east and 518 meters (1,700 feet) southwest of hole TCH 2. Assays from core hole TCH 2 and TCH 2A were reported in the company's previous news release. Much of the remaining core comes from drill holes testing both the deep porphyry copper potential and additional skarn potential. Over 70% of this core (227 meters or 745 feet) had never been assayed.
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 prolific copper producing state of Arizona. The Company currently holds the option to acquire 100% of two advanced exploration copper/silver properties, the Patagonia property, located near Nogales, Arizona and the Squaw Peak property located near Camp Verde, Arizona. Regal Resources is listed on the Canadian National Stock Exchange (CNSX) under the symbol (RGR).
The technical information in this release has been reviewed and approved by Mr. Richard Kern, P. Geo., and member of SME; a 'qualified person', as defined by NI 43-101, Standards for Disclosure of Mineral Projects unless otherwise noted.
Forward-looking statements
This news release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Regal Resources Inc. Statements regarding future fund raising and completion of the Acquisition are subject to all of the risks and uncertainties normally incident with the raising of capital and completing corporate transactions including, but are not limited to, financing risks, inflation and costs of goods and services, property title issues and regulatory approvals. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Regal Resources Inc. does not assume the obligation to update any forward-looking statement, except as required by applicable law.
Contacts:
Regal Resources Inc.
Drew N. Brass
VP Communications
(604)-730-0234
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Datum: 27.07.2011 - 19:30 Uhr
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News-ID 38482
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