Regulus Resources (TSXV:REG): Recreating the Success of Copper-Gold Mine in Peru

Copper-Gold Mine 铜金矿 銅金礦
Published on: July 22, 2020
Author: Editor

While the gold price has continued to surprise the market in the past few months, copper has come into investors’ attention recently. The copper price has surged to two-year high on Tuesday, July 21, 2020, and grew by more than 50% from March’s low. When copper prices are moving beyond expectations, investors should pay attention to this Canadian exploration company with a successful track record of selling a previous company to major, focusing on copper-gold mine in Peru.

About Regulus Resources

Regulus Resources Inc. (TSX V.REG) is a Canadian exploration company formed in December 2010 under the directorship of the former management of Antares Minerals Inc. (TSX V.ANM): John E. Black, Dr. Kevin B. Heather and Mark Wayne. Regulus was created through the spin-out of the Rio Grande Cu-Au project in Argentina at the conclusion of the sale of Antares to First Quantum Minerals (TSX.FM, UK FQM) for approximately C$650 million, primarily for the giant Haquira Cu-Mo-Au deposit in Peru.

Regulus’ focus is on the AntaKori project in Northern Peru where it drilled continuously throughout 2018. The Phase I drilling program (20,332 m through to hole AK-18-027) was completed by October 2018 and was utilized to calculate the updated Resource Estimate reported on 1 March, 2019 (see news here).  Upon conclusion of the Phase I drilling program, the Company entered directly into the Phase 2 drilling program.

Regulus also spun out its Rio Grande project, Aguas Calientes project and its other Argentina assets forming a new exploration company, Aldebaran Resources Inc. (TSX V.ALDE) in October 2018.

NAI500’s new CEO Interview series is a program where we invite CEOs and senior executives of exciting public companies to uncover great investment opportunities for every day investors. If you don’t want to miss out on the great opportunities that we bring, subscribe to our YouTube channel and other social media channels below!

Disclaimer: NAI is being compensated for this content. Materials contained in this content are for information purposes only and is not intended to constitute an offering of securities in any jurisdiction. Nothing on this content should be construed as an offer, solicitation or recommendation to buy or sell products or securities.

Base Metals Copper Gold Investors Mining Precious Metals