Regulus Resources Inc. report the results from drill hole AK-22-047 from the AntaKori copper-gold project in Peru. The goal of this drill hole was to test the continuity of skarn mineralization intercepted in holes to the east and west. In addition, the hole was drilled entirely on Colquirrumi claims, where the Company has the right to earn up to a 70% interest by completing 7,500 m of drilling.

Hole AK-22-047 successfully intercepted skarn mineralization and contributed 816.70 m of drilling meterage towards the Colquirrumi earn-in agreement. Drill Hole AK-22-047 was drilled to the SW at an azimuth of 189 degrees and an inclination of -77 degrees. The goal of this hole was to test the continuity of skarn mineralization encountered in surrounding holes, as well as increase meterage drilled on the Colquirrumi claims. The hole starts in sub-volcanic intrusions for the first 70 m, which then transitions to calcareous units of the Paratambo Formation until approximately 118m depth when the hole re-enters sub-volcanic intrusive rocks, which continue until approximately 162 m depth.

These intrusive rocks are affected by moderate to strong quartz-sericite-pyrite alteration with relics of earlier chlorite and green sericite alteration, with moderate pyrite dissemination and occasional quartz-molybdenite veins. From 162 m to 439 m the hole encountered skarn-altered calcareous units of the Chulec Formation, which are locally overprinted by retrograde chlorite-epidote skarn mineralization consisting of pyrite, magnetite, specular hematite, and traces of chalcopyrite. At 252 m depth, the skarn is cut by an 80 m wide feldspar-hornblende-biotite porphyry dyke exhibiting quartz-sericite-pyrite alteration.

From 439 m to 602 m, a well-developed skarn interval occurs within the lower Chulec Formation and the upper Inca Formation, with disseminations of pyrite and chalcopyrite associated with abundant magnetite: with some intervals of 1 to 2 m thick massive magnetite-pyrite-chalcopyrite horizons. The Inca Formation is affected by strong biotite-actinolite-chlorite-magnetite alteration with moderate dissemination of fine-grained chalcopyrite and some quartz-molybdenite veins. From 602 m to 760 m the hole encountered an interval of crackle-brecciated quartzites and arkoses of the Farrat Formation with abundant intercalations of porphyry intrusions.

The crackle-breccias are typically silicified with associated pyrite-chalcopyrite-tennantite mineralization. Two intervals of stronger pyrite-chalcopyrite-tennantite mineralization occur between 620 m to 620 m and 663 m to 671 m, with both intervals intimately associated with feldspar-hornblende-quartz porphyry intrusions. From 760 m to the end of the drill hole at 817.20 m, the hole encountered several feldspar-hornblende-quartz porphyry dykes intruding Farrat Formation quartzites with a few associated pyrite ± tennantite veins.