CURRENT DRILL PROGRAM STATUS:
Regulus’ Phase 1 drill program (holes AK-17-001 to AK-18-027) was completed during Q4, 2018.
The Phase 2 drill program commenced immediately thereafter and will continue throughout 2019. It is planned to be ~25,000 m.
|CuEq Resource||The project hosts an initial resource of 5.1 billion pounds of copper equivalent.|
|Land Package||212- hectare concession, with an additional 49 hectares pending to be added to the Company’s portfolio.|
|Location||Peru: Yanacocha-Hualgayoc mining district in the Department of Cajamarca|
|Average Elevation||3,725-4,000 metres above sea level|
|Infrastructure||Paved segments to a loose surfaced road, power and water available|
Adjacent to Tantahuatay Oxide Au heap leach mine, Compania Minera Coimolache S.A
|Strike Length of Mineralization||2,000 metres x 900 metres; vertical known extent of 750 metres - open in all directions|
December to April: rainy, average temperature of 15 degrees celsius during the day and 3 to 5 degrees celsius at night
May to November: cold and dry, average temperature of 10 degrees celsius during the day and below freezing at night.