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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (55707)3/5/2019 8:41:10 PM
From: Goose94Read Replies (1) of 202704
 
Regulus Resources (REG-V) top pick from Brent Cook and Joe Mazumdar on BNN.ca Market Call Tuesday Mar 5th @ 1200ET

Regulus Resources is a copper-gold exploration company led by the directors of the former Antares Minerals and focused on the AntaKori project in Peru. Antares successfully advanced the Haquira project, also in Peru, through monetizing events and Regulus will try to replicate this strategy and outcome at AntaKori.

It has recently released the second resource on the project (Regulus’ first) after a few drill programs.

The new resource hosts around 500 million tonnes grading 0.4 to 0.5 per cent copper with 0.25 to 0.29 grams per tonne gold or about 0.7 per cent copper equivalent.

The copper-gold mineralization is partially overprinted by a younger arsenic-rich epithermal system that hosts an open pit heap leach gold deposit.

The potential lies in the porphyry and skarn potential of the several targets identified around the area already drill-tested.

It appears the current drill program has intersected porphyry-related mineralization in one of these targets, which bodes well for the others (we purchased Regulus soon after the release of this hole).

It has $12 million in cash and it’s more drilling to test these targets.
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