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Regulus Resources Inc.

Overview

Company Type: Junior/Exploration
Company HQ: Canada, Vancouver
Public/Private: Public
Exchanges: TSX-V
Symbol: REG
Mine Locations: Peru
Commodities: Copper,Gold,Silver
Total Funds Required: $20,000,000

Company Description

Regulus Resources Inc. (TSX V.REG) is a well-funded Canadian exploration company lead by the former management of Antares Minerals Inc.; John E. Black, Kevin B. Heather and Mark Wayne. Regulus was created through the spin-out of the Rio Grande Cu-Au project in Argentina from Antares Minerals during the sale of Antares and the giant Haquira Cu-M-Au deposit in Peru to First Quantum Minerals (TSX.FM, UK FQM) in 2010 for approximately C$650 million. Regulus has recently acquired a new flagship project, the AntaKori Cu-Au-Ag project in northern Peru, by means of a friendly merger with Southern Legacy Minerals and is well positioned to repeat the previous success of Antares Minerals.

AntaKori Project

Location of Mine: Peru, Cajamarca
Commodity Mined: Copper,Gold,Silver
Project Stage: Advanced Exploration
Funds Required: $20,000,000
Funds to Be Used For: Exploration
Annual Revenue: $0
Annual Output: 0 tons
Additional Information:

Regulus Resources Inc. is an international mineral exploration company run by an experienced technical and management team, with a portfolio of precious and base metal exploration properties located in North and South America. Regulus is led by the former management of Antares Minerals Inc., and was formed after Antares sold the giant Haquira Cu-M-Au deposit in Peru to First Quantum Minerals in 2010 for C$650 million. The principal project held by Regulus is the AntaKori copper-gold-silver project in northern Peru. The AntaKori project currently hosts an inferred resource of 294.8 million tonnes with a grade of 0.48% Cu, 0.36 g/t Au and 10.2 g/t Ag based upon 17,950 m of drilling by previous operators. Mineralization remains open in most directions and drilling is currently underway to confirm and increase the size of the resource with the objective of establishing AntaKori as the next major copper-gold discovery in Peru.

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