Regulus Resources Inc. reported the results from drill hole AK-21-46 from the AntaKori copper-gold project in Peru. The goals of this drill hole were to expand skarn mineralization to the north of existing resources and provide a better understanding of the geometry of the high-grade breccia previously encountered at the project. Hole AK-21-46 successfully intercepted an upper zone of skarn mineralization and the high-grade breccia in multiple intervals.

The hole was terminated in strongly mineralized breccia and porphyry at 1,201.70 m as the drill rig being used reached its maximum depth capacity. Discussion of Results: Drill Hole AK-21-46 was drilled at an azimuth of 140 degrees and dip of -75 degrees. The location of the reported drillhole was designed to test for northward extensions of skarn mineralization and to acquire additional information on the geometry of the high-grade breccia-style mineralization discovered in hole AK-18-26, which returned 473.20 m of 1.39% CuEq hosted in a breccia unit that is open in multiple directions.

Drill hole AK-21-46 starts with a thin zone of Miocene sub-volcanic intrusions to depths of 35 m to 40 m prior to entering the calcareous Cretaceous sedimentary sequence, with a well-developed skarn until the basal quartzite at depth. From 128 m to 210 m the drill hole intercepts a porphyry dyke which is affected by endoskarn alteration with a weak retrograde overprint with associated weak disseminations of pyrite and chalcopyrite. The hole then encountered 80 m of marble with weak retrograde skarn veins with magnetite-pyrite-chalcopyrite, prior to entering into a well-developed skarn interval from 290 m to 431 m, with moderate mineralization occurring as disseminated chalcopyrite-pyrite in retrograde altered skarn intervals, as well as 1- to 2-metre intervals of massive magnetite-sulphide horizons, which also carry gold and silver mineralization.

Fine-grained calcareous sediments (converted to hornfels) occur from 431 m to 470 m, with skarn development and associated chalcopyrite-pyrite-magnetite mineralization. Following the fine-grained sediments, the hole passes into Farrat Formation quartzites which display minor dissemination of sulphides and occasional chalcopyrite-pyrite and enargite-tennantite veins. At 770 m the drill hole encountered a large breccia body developed in quartzites and cemented by massive pyrite-chalcopyrite-bornite with a late infilling of enargite-tennantite, very similar to the mineralization reported in drill hole AK-18-26.

The breccia body is well developed until 822 m and progressively changes to quartzite wallrock cut by numerous zones of crackle-breccia exhibiting moderate to weak bornite-chalcocite-enargite-tennantite ± chalcopyrite mineralization, before re-entering the well-mineralized breccia body at 1,165 m until the last few metres of the hole where it transitioned into a porphyry intrusion body. Of particular importance is that this lower breccia intercept locally has the porphyry intrusion as the matrix to the breccia clasts, suggesting there may be a temporal and possibly a genetic relationship between the porphyry, the breccia, and the mineralization. Update on Drilling Activities: The Company is currently active with two drill rigs on the AntaKori project.

Hole AK-22-47 is testing the continuity of skarn mineralization observed in hole AK-19-34 and AK-21-46. As well, AK-22-47 will be drilled on Colquirrumi claims where the Company has the right to earn up to a 70% interest by completing 7,500 m of drilling. The Company had completed 3,669.70 m of drilling on Colquirrumi claims prior to the start of AK-22-47.

Hole AK-22-48 is testing the northern extension of skarn mineralization observed in AK-21-46 as well as seeking additional information on the breccia target. At the time of this release, AK-22-47 was approximately 800 m deep, and AK-22-48 was approximately 1,200 m deep, with both approaching the operational limit for their respective drill rigs.