Regal Resources Inc.

July 08, 2011 09:30 ET

Regal Announces Results From the Company's First Round of Confirmation Sampling on Its Patagonia Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2011) - Regal Resources Inc. (CNSX:RGR) (the "Company" or "Regal") has completed initial confirmation sampling of their Patagonia Project's historic core samples.

Re-Assaying of Historical Core

The historic core sampling results indicate significant intervals of high grade zinc-lead-silver-copper mineralization on the Patagonia Project's Skarn Target. The company acquired this historic core in late 2010 and initiated a detailed logging, cataloguing, and sampling program. The results of this work confirmed both visually and geochemically the occurrence of high-grade lead-zinc-silver-copper mineralization hosted in a garnet-epidote skarn. This cataloguing program found several core hole samples to be incomplete, and altered sections of four drill holes have been split and are being assayed for the first time. Additionally, several newly identified metals have been confirmed to occur within the high-grade zones of mineralization.

The Skarn zone was discovered during deep drilling by Asarco in the 1980's. Four drill holes spaced from 300 to 1,400 feet apart delineate a zone from 5 feet to 346 feet thick. Logging by previous geologists in the 1980's has been confirmed by the company's consultants. Zones of skarn alteration affecting limestone and dolomite occur adjacent to a previously identified copper-molybdenum porphyry system. While historic assay results included at least three and up to nine elements, the recent assays conducted by Skyline Labs, located in Tucson, Arizona, checked for a suite of 49 elements. This more detailed data identified significant quantities of bismuth, cerium, lanthanum, tungsten and rhenium within certain portions of skarn and breccia. This new information may help identify and prioritize targets for drilling.

Comparisons of certain Historic Intercepts Reported by Asarco vs. Regal's Assays Conducted on Pulps from the Same Intervals

Hole TCH 2
Asarco - twelve composite assays
- 57 feet @ 1.3% copper, 4.7% lead, 12.2% zinc, 10.8 oz/ton silver
Regal - twelve composite assays
- 57 feet @ 1.2% copper, 4.1% lead, 10.2% zinc, 10.2 oz/ton silver, 0.07% bismuth
Asarco - eighteen composite assays
- 124 feet of 0.3% copper, 0.2% lead, 14.1% zinc, 7.4 oz/ton silver
Regal - eighteen composite assays
- 124 feet of 0.22% copper, 0.9% lead, 13.6% zinc, 8.1 oz/ton silver, 0.09% bismuth
Hole TCH 2A
ASARCO - four composite assays
- 40 feet of 1.48% copper, 0.3% lead, 0.6% zinc, 2.2 oz/ton silver
Regal - four composite assays
- 40 feet of 1.42% copper, 0.3% lead, 0.6% zinc, 2.6 oz/ton silver, 0.006 opt gold, 0.03% bismuth, 0.08% cerium, 0.06% lanthanum

Interpretation of Results

The pulps were stored within paper bags in boxes of 20 or more. Some degradation of the bags had occurred within some of the boxes, but pulps generally remained intact. The above comparisons of some of the better intervals indicate a relatively good correlation between historic and current results. Variability ranges from +66% to -20% and averages approximately 5% less than the historic assays. This variation in content is represented in both the composite samples and individual samples. The variations may be partially due to oxidation over a 30 year period or possibly from minor inconsistencies within the sample medium.

Additional Samples Submitted for Assaying

An additional 184 samples have been cut and sent to Skyline for assay. Over 55% of the samples were collected from previously uncut core. The remaining samples will test the consistency of assays with historic results using quartered core.

Application for Drilling

The Company has recently submitted an application to the Coronado National Forest for drilling of several core holes at their Patagonia project. The planned core holes are positioned to test continuity and quality of mineralization within the Skarn Target.

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.

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