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Resource

NEW March 1, 2019: Regulus Reports Substantial Increase in Resource Estimate at AntaKori Copper-Gold Project, Peru

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2012 Mineral Resource Estimate

On July 3, 2012, Southern Legacy Minerals released the following NI 43-101 compliant resource estimate at the AntaKori deposit. The resource estimate was completed by independent consultant, Scott E. Wilson, of Scott E. Wilson Consulting, and was based on 70 drill holes totalling 17,950.81m (5,898m of three-metre-length composites). The technical report is available below and on SEDAR (www.sedar.com).

  • As at July 2, 2012, the initial NI 43-101 compliant resource estimate for AntaKori, is based on cut-off grades of 0.20% Cu in-pit and 0.50% Cu underground.
  • The Project hosts an initial resource of 5.1 billion pounds of copper equivalent.
Resource Type Tonnes (x1,000) Grade Au g/t KOz. Au Grade Ag g/t KOz. Ag Grade Cu % Cu Lbs (x1,000) Grade Mo ppm Mo Lbs (x1000) Grade Pb % Pb Lbs (x1,000) Grade Zn % Zn Lbs (x1,000)
In-Pit 125,388 0.25 1,008 6.60 26,606 0.28 774,012 6.93 1,916 0.05 138,216 0.22 608,152
Underground 169,376 0.44 2,396 12.79 69,647 0.63 2,352,481 13.48 5,034 0.08 298,728 0.26 970,865
Total 294,764 0.36 3,404 10.16 96,253 0.48 3,126,493 10.69 6,950 0.07 436,944 0.24 1,579,018

Notes:

  1. Estimates were calculated using Inverse Distance Squared method
  2. Estimates were calculated within a Whittle Pit and limited to Southern Legacy’s property mineral tenure
  3. Underground resources assume Block Caving at 0.50% Cu cut-off grade
  4. Copper equivalent formula uses $1,500 per ounce gold, $30 per ounce silver, $3.50 per pound copper, $0.85 per pound for lead and zinc and $16 per pound molybdenum

Technical Reports

2012 AntaKori Technical Report


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