Regal Resources Inc.

Regal Resources Inc.

November 18, 2011 14:35 ET

Regal Resources is Pleased to Provide Shareholders an Update With Regard to the Company's Ongoing Activities on Its Squaw Peak and Patagonia Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2011) - Regal Resources Inc. (CNSX:RGR) (the "Company" or "Regal").

Squaw Peak

The company has recently completed drill hole SP1101 to a depth of 2,502 feet (762.6 metres), which is the first of three scheduled deep drill holes. The drill is currently on hole SP1102 at a depth of approximately 1700 feet (518 metres) and will continue as long as strong veining persists. Progress initially had been slow but has improved considerably on drill hole SP1102. At the current rate, completion of this program is expected by the end of December, 2011. This three hole program is testing extensions of both the near surface mineralized zone (see April 29th, 2011 news release) as well as a theorized deep seated porphyry system.


Regal has applied for and expects to be granted permits for a scheduled drill program on the Patagonia property in the very near future. This program will consist of several deep step out holes NW and SE of the previous high grade copper, lead, zinc, silver intercepts in skarn altered limestone (Hole TCH2, 2A and TM13). This mineralization was discovered by ASARCO drilling in the 1980's. Additionally, two drill sites will target breccia zones containing near surface copper and silver associated with the deep seated Sunnyside porphyry. A recent property visit resulted in the discovery of an approximate 150 foot (45 metres) outcrop of advanced argillic alteration containing quartz-alunite-pyrophyllite. This outcrop is extremely significant as it is found overlying and outboard of such large porphyry deposits as the OyuTolgoi in Mongolia, the Escondida mine in Chile and the gold-rich Yanacocha mine in Peru. The discovery of this type of alteration adjacent to the deep seated Sunnyside porphyry coupled with the fact that no deep drilling encountered this alteration feature may indicate the centre of the porphyry system is offset and nearer surface than previously thought. Regal will continue its mapping and sampling program in order to gain a better understanding of this large porphyry system and focus exploration efforts.

The southern half of the property where a cluster of breccia pipes were previously mapped is also the subject of additional mapping and sampling. This work will help to identify potential drill targets for an untested porphyry system.


Regal is progressing with its TSX venture application. The completion of the current yearly audit is expected by the end of November as is the 43-101 technical report on the Patagonia property. Upon the completion and review of these two items the company anticipates the TSX.V listing will be forthcoming.

The company granted 50,000 incentive stock options to a consultant of the company.

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 future acquisitions 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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