AntaKori Copper Project
“At Regulus Resources we specialize in identifying large copper deposits. Our previous company was called Antares Minerals. We identified the Haquira project in 2005 and we sold that for about six hundred and fifty million dollars. We’ve managed to identify an interesting copper project in northern Peru called AntaKori. It comes with the benefit of having an additional gold component to it as well. In the very near term we’re going to see a shortage of copper and likely increase price in copper and we believe we’ll be delivering a brand new copper deposit rate at the right moment.” – John Black, CEO of Regulus Resources
Regulus Resources Inc. (TSX V.REG) is a Canadian exploration company formed in December 2010 under the directorship of the former management of Antares Minerals Inc. John E. Black, Dr. Kevin B. Heather and Mark Wayne. Regulus was created through the spin-out of the Rio Grande Cu-Au project in Argentina at the conclusion of the sale of Antares to First Quantum Minerals for approximately C$650 million, primarily for the giant Haquira Cu-Mo-Au deposit in Peru.
Regulus’ focus is on the AntaKori project in Northern Peru where it drilled continuously throughout 2018. The Phase I drilling program (20,332 m through to hole AK-18-027) was completed by October 2018 and was utilized to calculate the updated Resource Estimate reported on 1 March, 2019 (see news here). Upon conclusion of the Phase I drilling program, the Company entered directly into the Phase 2 drilling program.
Regulus also spun out its Rio Grande project, Aguas Calientes project and its other Argentina assets forming a new exploration company, Aldebaran Resources Inc. in October 2018.
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