Manager Announcements Company Announcements Office
Australian Securities Exchange Limited Level 4, 20 Bridge Street
Sydney NSW 2000
ABN 28 009 174 761
www.regisresources.com Level 1, 1 Alvan Street Subiaco WA 6008 Australia P 08 9442 2200
F 08 9442 2290
Further excellent gold results were received from a final 49 hole RC programme completed at Baneygo, 12km south of Rosemont, including:
- 4m @ 7.71g/t Au from 55min hole RRLBYRC332o15m @ 2.24g/t Au from 93m RRLBYRC336o9m @ 3.86g/t Au from 36m RRLBYRC347o12m @ 6.16/t Au from 135m RRLBYRC350o22m @ 1.71g/t Au from 22m RRLBYRC352o8m @ 6.36/t Au from 110m RRLBYRC370o31m @ 3.04g/t Au from 79m RRLBYRC372
This Resource does not include the Idaho Prospect, 2.2km to the north where further significant results were returned from recent drilling (see below).
A maiden Ore Reserve estimation is expected to be completed for Baneygo later in the March 2016 quarter.
Infill and Extensional Drilling at Gloster Confirms High Grade Gold InterceptsA first pass infill and extensional drilling programme at the recently acquired Gloster gold deposit (26km west of Moolart Well) has confirmed excellent gold results from a 177 hole RC programme including:
- 19m @ 3.48g/t Au from 16m in hole RRLGLRC012o8m @ 10.01g/t Au from 122m RRLGLRC028o14m @ 5.03g/t Au from 8m RRLGLRC031
- 17m @ 3.49/t Au from 29m RRLGLRC056o22m @ 2.14g/t Au from 25m RRLGLRC077o15m @ 3.21/t Au from 29m RRLGLRC078
- 28m @ 3.01g/t Au from 8m RRLGLRC091o26m@ 2.06g/t Au from 46m RRLGLRC091o20m @ 3.94/t Au from 107m RRLGLRC166
An updated Resource is expected to be estimated for the Gloster gold deposit later in January 2016.
A maiden Ore Reserve estimate is expected during the March 2016 quarter.
First Pass Drilling at Idaho Confirms a new Gold Deposit and the Prospectivity of Rosemont-Baneygo TrendRC drilling (36 RC holes for 2,993m) was completed during the quarter at the Idaho prospect, 2.2km north of Baneygo, to follow up earlier reconnaissance RC drilling.
Significant gold results greater than 30 gram-metres include:
in hole
RRLIHRC024 RRLIHRC025
RRLIHRC025
RRLIHRC026
RRLIHRC027
RRLIHRC043
o 5m @ 11.8g/t Au from 70mo 30m @ 4.34g/t Au from 63mo 22m @ 1.63g/t Au from 61m
RRLIHRC051
RRLIHRC052 RRLIHRC059
RRLIHRC065
RRLIHRC066
o 20m @ 1.92g/t Au from 48m
RRLIHRC072
22m @ 1.39g/t Au from 30m
36m @ 1.35g/t Au from 29m
3m @ 16.0g/t Au from 75m
26m @ 1.43g/t Au from 36m
24m @ 1.25g/t Au from 53m
7m @ 4.55g/t Au from 42m
19m @ 2.03g/t Au from 72m
23m @ 2.21g/t Au from 73m
To date 76 RC holes at Idaho on 40m spaced east west sections have defined gold mineralisation over a strike length of 650 metres.
This drilling has confirmed Idaho as a new gold deposit and has highlighted significant further exploration potential on the 20km Rosemont-Baneygo shear.
Further High Grade Results at Tooheys Well Gold DepositFurther RC drilling (30 holes for 3,908m) at Tooheys Well, 2.5km south of Garden Well, has confirmed continuation of a new structure with high grade gold mineralisation.
Significant new drilling results greater than 20 gram-metres at Tooheys Well include:
- 27m @ 2.48g/t Au from 55m in hole RRLTWRC046o50m @ 2.75g/t Au from 85m RRLTWRC046o16m @ 1.42g/t Au from 72m RRLTWRC047o27m @ 1.38g/t Au from 95m RRLTWRC047o13m @ 3.03g/t Au from 134m RRLTWRC047o48m @ 2.38g/t Au from 70m RRLTWRC048o23m @ 2.26g/t Au from 122m RRLTWRC048o4m @ 5.15g/t Au from 59m RRLTWRC057o13m @ 2.50g/t Au from 55m RRLTWRC058
Current drilling has defined the structure on 40m x 20m spaced drilling over a strike length of 450 metres and a further 160 metres south on 80m x 20m spaced drilling.
The structure is still open down dip and along strike to the south for 500 metres.
Further RC drilling and some early diamond drilling are planned in the March 2016 quarter to continue to define the extent of gold mineralisation along strike and down dip.
High Grade Gold Intercepts at Coopers Gold DepositRC drilling (50 holes for 4,462m) was completed at the Coopers gold deposit, 11km south of Moolart Well and 600m north of Dogbolter during the quarter to follow up earlier encouraging AC and RC drilling results.
Analytical results have only been received for the first 17 holes. Results greater than 8 gram-metres include:
- 3m @ 2.73g/t Au from 69m in hole RRLCPRC021o4m @ 19.0g/t Au from 68m RRLCPRC022o6m @ 1.45g/t Au from 85m RRLCPAC027
No further drilling is planned at this time and a new Resource is expected to be estimated by the end of the March 2016 quarter.
Regis Executive Chairman, Mark Clark commented:
"For the third consecutive quarter our exploration drilling at the Duketon project has exceeded 40,000 metres and it is pleasing to see this intensive effort continuing to deliver exciting results on a number of different fronts. The fivefold increase in the Baneygo resource and the very significant drill results at Idaho are testament to the prospectivity of the 20km Rosemont- Baneygo shear zone. With a significant 10mtpa milling capacity in the district we expect Baneygo and Gloster to continue to progress towards the mining schedule in the near term and look forward to further follow up drilling at the high grade Tooheys Well deposit in the current quarter."
ANNOUNCEMENTBaneygo Gold Project
Background
The Baneygo gold project is located 12 kilometres south of the Rosemont gold mine and is hosted in a quartz dolerite unit believed to be the same unit hosting gold at Rosemont. Regis has been drilling around the four known small deposits and along strike.
Historical drilling at Baneygo is generally only to 50 metres and in some places to 100m vertical depth. Very little drilling was previously completed between the four small deposits with up to 250m between drill traverses. Recent drilling has reduced the spacing at the four deposits to 40m x 20m.
Recent Drilling
Further RC drilling (49 holes RRLBYRC331-379 for 4,618m) was completed mainly on a 20m x 20m grid in the December 2015 quarter. Seven holes (RRLBYRC373-379) were also completed at 200m spacings between the northern end of Baneygo and the Idaho Prospect to test for gold mineralisation between the two deposits. No significant gold mineralisation was intersected in the seven holes between the two deposits.
The Baneygo Gold Deposit was defined in the June and September 2015 quarters with RC drilling on a 40m x 20m drill spacing across the resource area down to a vertical depth of 100 to 150m to optimise open cut gold mineralisation. Higher grade shoots extending below 150m depth are open at this stage.
The December 2015 RC drilling has reduced the drill spacing to 20m spaced holes on 20m spaced east west traverses in areas where significant gold mineralisation was previously encountered to fully understand the distribution of the high grade zones.
Highly encouraging gold results were received from holes in the 20m spaced east west drilling traverses. Significant gold results greater than 8 gram-metres are shown below.
Hole No | Northing (mN) | Easting (mE) | Hole Depth (m) | From (m) | To (m) | Interval (m) | Gold (g/t) |
RRLBYRC332 | 6907484 | 431906 | 72 | 17 | 24 | 7 | 1.28 |
RRLBYRC332 | 6907484 | 431906 | 72 | 55 | 59 | 4 | 7.71 |
RRLBYRC333 | 6907485 | 431930 | 102 | 39 | 56 | 17 | 1.48 |
RRLBYRC333 | 6907485 | 431930 | 102 | 67 | 75 | 8 | 1.44 |
RRLBYRC335 | 6907755 | 431845 | 72 | 46 | 58 | 12 | 2.05 |
RRLBYRC336 | 6907645 | 431905 | 118 | 93 | 108 | 15 | 2.24 |
RRLBYRC338 | 6907634 | 431868 | 54 | 21 | 31 | 10 | 0.86 |
RRLBYRC341 | 6907771 | 431902 | 147 | 118 | 128 | 10 | 0.97 |
RRLBYRC342 | 6907766 | 431883 | 120 | 95 | 100 | 5 | 2.01 |
RRLBYRC344 | 6907728 | 431910 | 141 | 111 | 127 | 16 | 1.35 |
RRLBYRC345 | 6907723 | 431891 | 120 | 84 | 87 | 3 | 4.90 |
RRLBYRC347 | 6907713 | 431853 | 69 | 36 | 45 | 9 | 3.86 |
RRLBYRC350 | 6907690 | 431917 | 153 | 135 | 147 | 12 | 6.16 |
RRLBYRC352 | 6907650 | 431924 | 156 | 108 | 130 | 22 | 1.71 |
Regis Resources Ltd. issued this content on 14 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 February 2016 15:12:39 UTC