Vancouver, British Columbia, April 25, 2012: Regal Resources Inc. (CNSX:RGR) (the "Company" or "Regal") announces it has received assays from its latest drill program at the Company's Squaw Peak Project located in Yavapai County, Arizona. This drill program consisted of three core holes totaling 4,393 feet (1,339 meters). The primary target was a major deep intrusive thought to be the source of the Squaw Peak intrusive and other intrusive/breccia bodies associated with near surface copper, molybdenum and silver mineralization. SP1101, a vertical hole, drilled 2,000 feet (610 meters) north-northwest of the outcropping Squaw Peak mineralization, intersected increasing vein density with depth including 140 feet (43 meters) of +0.30% copper equivalent (see table below) between 1,605 feet (489 meters) and 1,862.5 feet (568 meters). The hole was abandoned at 1,242 feet (378 meters) due to a lack of significant alteration or veining.
SP1102, an angled core hole drilled to extend near-surface mineralization associated with the Squaw Peak intrusive 600 feet (183 meters) to the north-northwest.
SP1103 was drilled vertically 1,200 feet (365 meters) north-northeast of SP1101.
REGAL RESOURCES SUMMARY CORE DRILLING RESULTS SQUAW PEAK PROJECT
The 2011 deep drilling at Squaw Peak indicates the source of the near-surface copper- molybdenum and silver mineralization is a large intrusive body located to the north of SP1101 near the contact between Precambrian granodiorite and metavolcanic rocks. Depth to this source intrusive and possible associated mineralization is believed to be at least 3,000 feet (915 meters).
About Regal Resources Inc.
Regal Resources Inc. is a junior mineral exploration and development company based in Vancouver, Canada and is focused on the development and acquisition of copper projects in the state of Arizona. The Company currently has two advanced exploration copper/silver projects, the Patagonia property (Sunnyside), 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. a 'qualified person', as defined by NI 43-101, Standards for Disclosure of Mineral Projects
For further information:
|Gregory M. Thomas||President||Telephone: 604.730.0234|
|Drew N. Brass||VP Communications||Telephone: 604.730.0234|
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, except as required by law.
You can view the Next News Releases item: May 16, 2012, Regal Announces Re-Pricing of Private Placement Offering
You can view the Previous News Releases item: April 19, 2012, Regal Resources engages APEX Geoscience Ltd. to prepare a Technical Report on Patagonia (Sunnyside) Property
You can return to the main News Releases page, or press the Back button on your browser.