Regal Resources Inc.
CNSX : RGR

September 16, 2011 15:08 ET

Regal Resources Announces Further Results on its Patagonia Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 16, 2011) - Regal Resources Inc. (CNSX:RGR) (the "Company" or "Regal") Regal is pleased to announce the ongoing evaluation of the company's Patagonia project and has received new information and results regarding the Chalcocite target in the northeastern portion of the project.

A sequential leach test utilizing sulfuric acid then cyanide was recently completed on core holes BB-2, BB-3, BB-4 and BB6 to define the copper species and the potential leachability of the copper occurring within the chalcocite-enargite zone (the "Chalcocite Target"). Sulfuric acid leaching recovers most copper oxide species while the cyanide leach recovers much of the chalcocite copper. The previous assay report defined total copper content and is used to calculate the recovery (%Rec). Based on the previous total copper values (TCu), Table 1 provides recovery of oxide copper (Cuas) and chalcocite (Cucn) along with total recovered copper (CuRec) from the leach process. The %Rec column is calculated by dividing CuRec by TCu.

TABLE 1 – Summary leach data for Chalcocite Target
DH ID From To Interval TCu Cuas Cucn CuRec %Rec
BB - 2 12 m 43 m 31 m 0.45 % 0.07 % 0.30 % 0.37 % 83%
BB - 3 4 m 27 m 23 m 0.26 % 0.04 % 0.20 % 0.24 % 94%
BB - 3 183 m 219 m 36 m 0.32 % 0.07 % 0.20 % 0.27 % 86%
BB - 4 4 m 58 m 54 m 0.43 % 0.09 % 0.31 % 0.40 % 93%
BB - 6 6 m 37 m 31 m 0.34 % 0.05 % 0.23 % 0.28 % 82%
BB - 6 91 m 149 m 57 m 0.82 % 0.08 % 0.65 % 0.73 % 89%

These initial leach tests indicate significant quantities of leachable copper exist within core holes BB-2, BB-3, BB-4 and BB-6 within the company's Chalcocite Target. The results from this test suggest an overall average recovery of 87%. Average recovery of copper from sulfuric acid was approximately 20% while the remaining 80% came from the cyanide leach. From visual inspection of the core, it is believed the bulk of the sulfide copper content recovered from leaching is chalcocite coating chalcopyrite. At least two significant zones of chalcocite enrichment occur based on historic drilling. True thickness of the chalcocite blanket is presently unknown. The current drill hole pattern is too widely spaced to accurately define a resource. Additional drilling occurs from 300 to 500 meters to the south and west of the BB holes listed above. Historic reports mention significant chalcocite in these holes also. Only skeletonized core exists for these holes and no confirmation of grades and thickness can be made. Assuming these holes are part of the chalcocite zone to the northeast, potential dimensions for the Chalcocite Target are approximately 460 meters by 800 meters. At least two other chalcocite zones are reported within the project area. These zones are poorly explored and will require additional drilling to determine their extent. Table 2 below includes individual assays covering the composite zones listed in Table 1.

TABLE 2 – Individual results for sequential copper leach test
DH ID From To Interval TCu % Cuas % Cucn % CuRec % %Rec
BB-2 12 m 15 m 3 m 0.47 0.05 0.005 0.055 12
BB-2 15 m 18 m 3 m 0.48 0.06 0.37 0.43 90
BB-2 18 m 21 m 3 m 0.5 0.05 0.43 0.48 96
BB-2 21 m 24 m 3 m 0.66 0.11 0.51 0.62 94
BB-2 24 m 27 m 3 m 0.83 0.13 0.62 0.75 90
BB-2 27 m 30 m 3 m 0.45 0.08 0.32 0.4 89
BB-2 30 m 34 m 3 m 0.25 0.04 0.18 0.22 88
BB-2 34 m 37 m 3 m 0.14 0.03 0.09 0.12 86
BB-2 37 m 40 m 3 m 0.42 0.11 0.28 0.39 93
BB-2 40 m 43 m 3 m 0.28 0.06 0.2 0.26 93
BB-3 4 m 6 m 2 m 0.04 0.01 0.03 0.04 100
BB-3 6 m 9 m 3 m 0.16 0.03 0.11 0.14 88
BB-3 9 m 12 m 3 m 0.26 0.06 0.19 0.25 96
BB-3 12 m 15 m 3 m 0.18 0.04 0.13 0.17 94
BB-3 15 m 18 m 3 m 0.57 0.08 0.45 0.53 93
BB-3 18 m 21 m 3 m 0.18 0.05 0.15 0.2 111
BB-3 21 m 24 m 3 m 0.3 0.04 0.23 0.27 90
BB-3 24 m 27 m 3 m 0.39 0.05 0.3 0.35 90
BB-3 183 m 186 m 3 m 0.13 0.04 0.09 0.13 100
BB-3 186 m 189 m 3 m 0.35 0.11 0.23 0.34 97
BB-3 189 m 192 m 3 m 0.34 0.11 0.22 0.33 97
BB-3 192 m 195 m 3 m 0.59 0.14 0.42 0.56 95
BB-3 195 m 198 m 3 m 0.43 0.09 0.23 0.32 74
BB-3 198 m 201 m 3 m 0.29 0.01 0.07 0.08 28
BB-3 201 m 204 m 3 m 0.19 0.02 0.05 0.07 37
BB-3 204 m 207 m 3 m 0.31 0.06 0.23 0.29 94
BB-3 207 m 210 m 3 m 0.34 0.07 0.26 0.33 97
BB-3 210 m 213 m 3 m 0.28 0.06 0.21 0.27 96
BB-3 213 m 216 m 3 m 0.26 0.05 0.2 0.25 96
BB-3 216 m 220 m 3 m 0.27 0.09 0.18 0.27 100
BB-4 4 m 6 m 2 m 0.39 0.08 0.29 0.37 95
BB-4 6 m 9 m 3 m 0.76 0.13 0.56 0.69 91
BB-4 9 m 12 m 3 m 0.34 0.08 0.25 0.33 97
BB-4 12 m 15 m 3 m 0.22 0.06 0.16 0.22 100
BB-4 15 m 18 m 3 m 0.62 0.11 0.42 0.53 85
BB-4 18 m 21 m 3 m 0.6 0.15 0.39 0.54 90
BB-4 21 m 24 m 3 m 0.21 0.06 0.13 0.19 90
BB-4 24 m 27 m 3 m 0.27 0.04 0.21 0.25 93
BB-4 27 m 30 m 3 m 0.67 0.1 0.52 0.62 93
BB-4 30 m 34 m 3 m 1.44 0.23 1.1 1.33 92
BB-4 34 m 37 m 3 m 0.36 0.08 0.23 0.31 86
BB-4 37 m 40 m 3 m 0.12 0.04 0.07 0.11 92
BB-4 40 m 43 m 3 m 0.47 0.09 0.39 0.48 102
BB-4 43 m 46 m 3 m 0.41 0.1 0.27 0.37 90
BB-4 46 m 49 m 3 m 0.46 0.1 0.33 0.43 93
BB-4 49 m 52 m 3 m 0.23 0.05 0.15 0.2 87
BB-4 52 m 55 m 3 m 0.29 0.1 0.18 0.28 97
BB-4 55 m 58 m 3 m 0.3 0.09 0.2 0.29 97
BB-4 58 m 61 m 3 m 0.05 0.03 0.03 0.06 120
BB-6 6 m 9 m 3 m 0.58 0.09 0.41 0.5 86
BB-6 9 m 12 m 3 m 0.21 0.04 0.15 0.19 90
BB-6 12 m 15 m 3 m 0.13 0.03 0.1 0.13 100
BB-6 15 m 18 m 3 m 0.46 0.08 0.35 0.43 93
BB-6 18 m 21 m 3 m 0.32 0.07 0.22 0.29 91
BB-6 21 m 24 m 3 m 0.26 0.04 0.17 0.21 81
BB-6 24 m 27 m 3 m 0.54 0.06 0.4 0.46 85
BB-6 27 m 30 m 3 m 0.17 0.005 0.14 0.145 85
BB-6 30 m 34 m 3 m 0.57 0.02 0.26 0.28 49
BB-6 34 m 37 m 3 m 0.15 0.03 0.1 0.13 87
BB-6 91 m 95 m 3 m 0.39 0.03 0.29 0.32 82
BB-6 95 m 98 m 3 m 0.24 0.02 0.18 0.2 83
BB-6 98 m 101 m 3 m 0.38 0.03 0.3 0.33 87
BB-6 101 m 104 m 3 m 0.28 0.02 0.18 0.2 71
BB-6 104 m 107 m 3 m 0.65 0.02 0.52 0.54 83
BB-6 107 m 110 m 3 m 0.12 0.01 0.08 0.09 75
BB-6 110 m 113 m 3 m 4.68 0.55 4.22 4.77 102
BB-6 113 m 116 m 3 m 0.49 0.07 0.39 0.46 94
BB-6 116 m 119 m 3 m 1.03 0.08 0.86 0.94 91
BB-6 119 m 122 m 3 m 1.13 0.09 0.92 1.01 89
BB-6 122 m 125 m 3 m 1.17 0.06 0.88 0.94 80
BB-6 125 m 128 m 3 m 0.76 0.05 0.53 0.58 76
BB-6 128 m 131 m 3 m 0.53 0.04 0.4 0.44 83
BB-6 131 m 134 m 3 m 0.76 0.07 0.55 0.62 82
BB-6 134 m 137 m 3 m 1.76 0.19 1.35 1.54 88
BB-6 137 m 140 m 3 m 0.22 0.02 0.14 0.16 73
BB-6 140 m 143 m 3 m 0.25 0.04 0.14 0.18 72
BB-6 143 m 146 m 3 m 0.32 0.06 0.19 0.25 78
BB-6 146 m 149 m 3 m 0.43 0.09 0.27 0.36 84

The above sampling was conducted on historic core and entailed cutting the remaining half core into quarter core. One-half of the cut core was submitted to Skyline Labs of Tucson, Arizona for analysis while preserving the remaining portion which is warehoused in a secure location.

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.

Contact Information

  • Regal Resources Inc.
    Drew N. Brass
    VP Communications
    604-730-0234