Regulus Resources (TSXV:REG, OTCQX:RGLSF) has entered a collaboration agreement with Compañía Minera Coimolache S.A. to evaluate the integrated Coimolache Sulphides/AntaKori copper-gold project. The evaluation includes a mineral resource estimate (MRE) and potentially a preliminary economic assessment (PEA), with costs split 50/50 between the parties.
The AntaKori project in Cajamarca, Peru, currently has indicated mineral resources of 250 million tonnes (0.48% Cu, 0.29 g/t Au, 7.5 g/t Ag) and inferred resources of 267 million tonnes (0.41% Cu, 0.26 g/t Au, 7.8 g/t Ag). Coimolache's Sulphides project has significant additional resources, including 734,796 kt of open pit resources and 45,242 kt of underground resources.
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