Regency Silver Corp Acquires Past Producing Jabali Gold Project In Sonora, Mexico - Adjacent To Alamos Gold's Mulatos Mine
| Hole ID | Length (m) | Grade (g/t Au) | From (m) | Operator / Year |
| | | | | |
| LJBRC-14-003 | 4.6 | 16.25 | 56.4 | Urastar / 2014 |
| LJBRC-14-001 | 13.7 | 4.64 | 16.8 | Urastar / 2014 |
| LJB-12-04 | 3.0 | 4.27 | 19.8 | Urastar / 2012 |
| Jab 20-005 | 20.1 | 4.54 | surface | Tarachi Gold |
| Jab 20-006 | 20.07 | 5.05 | 22.5 | Tarachi Gold |
| Jab 21-009 | 63.4 | 6.91 | surface | Tarachi Gold |
| Jab 21-014 | 12 | 7.26 | 9.0 | Tarachi Gold |
A qualified person on behalf of Regency Silver has not yet completed sufficient work to verify these historical results. Regency Silver intends to validate the historical drill database through twin-hole drilling as part of a Phase 1 program.
Regional Context
| Project | Operator | Distance from El Jabali | Status |
| Mulatos mine | Alamos Gold Inc. | 6 km east | Producing |
| Dios Padre | Regency Silver | 20 km | Active drilling |
| La India mine | Agnico Eagle | 10 km | Producing |
| La India Project under option to Regency | Regency | 10 km | Exploration |
- Regency Silver does not have an interest in any of the projects owned by Alamos Gold or Agnico Eagle noted above. The information disclosed herein is not necessarily indicative of the mineralization at Jabali.
Frequently Asked Questions
Q: Where is the Jabali gold project located?
A: Jabali is located in the Mulatos Mining District, eastern Sonora State, México. The property centroid is accessed via Hermosillo, Sahuaripa, Arivechi, and Tarachi.
Q: How large is the El Jabali concession?
A: The El Jabali concession covers approximately 195 hectares as a single mining concession.
Q: Is Jabali a producing mine?
A: Jabali contains the past-producing La Dura gold mine. La Dura is not currently in production. Regency Silver is acquiring the property in order to put La Dura back into production.
Q: What is the closest producing mine? 1
A: Alamos Gold's Mulatos mine is located approximately 6 kilometres east of Jabali. In its most recent technical report titled "NI 43-101 Technical Report for the Mulatos Property, Sahuaripa Municipality, Sonora, Mexico" dated March 27, 2023, with an effective date of December 31, 2022, Alamos Gold reported proven and probable reserves of 1.68 million ounces of gold (26,734,000 tonnes at 1.95 g/t gold)
Q: What type of gold deposit is Jabali?
A: La Dura is interpreted as a high-sulphidation epithermal gold deposit, hosted in silicified dacitic volcanics
Q: Who is the CEO of Regency Silver Corp?
A: Bruce Bragagnolo is the Chief Executive Officer, Founder, and Executive Chairman of Regency Silver Corp.
Q: What is Bruce Bragagnolo's track record in Mexican mining?
A: Bruce Bragagnolo previously co-founded and led Timmins Gold Corp., which he grew from a $7 million IPO market capitalization to $475 million by 2012, and Silvermex Resources Ltd., which he took from a $5 million IPO to a $175 million sale to First Majestic Silver Corp. He has more than 22 years of operating experience in México.
Q: How does Jabali fit into Regency Silver's existing portfolio?
A: Jabali is located in Sonora, México, the same state as Regency Silver's flagship Dios Padre gold-copper-silver project and its La India property. The acquisition consolidates Regency's Sonora platform within the Sierra Madre Occidental gold belt and adds a past-producing gold mine adjacent to Alamos Gold's Mulatos operation.
Metallurgy
Metallurgical test work performed in 2021 by a previous operator showed that the test samples responded very well to leaching by cyanide. Test work performed by Bureau Veritas Metallurgical Division showed gold extraction from baseline cyanide leaching at 40 wt.% solids in 1.0 g/L NaCN solution for 48 hours averaged 94.8%. Cyanide (as NaCN) consumption averaged 1.73 kg/t. In general, less than 0.5 kg/t hydrated lime was required to maintain a slurry pH above 10.5 during leaching.
Qualified Person
The scientific and technical information in this news release has been reviewed by Mike Tucker , P.Geo., who is recognized as a Qualified Person under the guidelines of National Instrument 43-101. Mr. Tucker is a director of Regency and for that reason is not considered independent. Mr. Tucker has read and approved the technical contents of this news release.
About Regency Silver Corp.
Regency Silver Corp. (TSXV: RSMX) (OTCQB: RSMXF) is a Canadian mineral exploration company focused on the discovery and development of high-grade gold, copper, and silver deposits in México. The Company's flagship project is the Dios Padre project in Sonora, México, where Regency has made a gold-copper-silver discovery in a magmatic-hydrothermal system that widens at depth. Drill results from Dios Padre have included 38 metres of 7.36 g/t gold (hole REG-23-21), 36 metres of 6.84 g/t gold, 0.88% copper, and 21.8 g/t silver (hole REG-22-01), and 29.4 metres of 6.32 g/t gold (hole REG-23-14).
Following completion of the Jabali transaction, the Company's portfolio also includes the La India concession, and the Jabali Gold Project in Sonora.
Regency Silver was founded in 2017 by Bruce Bragagnolo, who serves as Chief Executive Officer, Founder, and Executive Chairman. Mr. Bragagnolo is a Mexico-focused mining executive with more than two decades of operating experience in the country. He previously co-founded and led Timmins Gold Corp., which he grew from a $7 million IPO market capitalization to $475 million and a listing on the NYSE-MKT in 2012, and Silvermex Resources Ltd., which he took from a $5 million IPO in 2006 to a $175 million sale to First Majestic Silver Corp. in 2012. Mr. Bragagnolo holds a law degree from the University of British Columbia (1983) and was called to the British Columbia Bar in 1984. The Company is headquartered in Vancouver, Canada.
Contact Information
Regency Silver Corp.
Bruce Bragagnolo, Chief Executive Officer & Executive Chairman
Telephone: +1-604-417-9517
Email: ...
Website:
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the expected closing of the Jabali acquisition, the availability of a toll milling agreement at an industry standard price or at all, the planned exploration program, the timing and scope of drilling, the expected results of re-assay and re-logging work, the accomplishment of going to production, the preparation and completion of a 43-101 technical report, the positive completion of studies relating to production, the issuance of shares and contingent payments Forward-looking statements are based on assumptions and estimates that, while considered reasonable by management, are inherently subject to risks and uncertainties. These risks and uncertainties include the assumption that all information provided to Regency is accurate, that the studies to be undertaken will yield a positive production decision, that permits will be available within a reasonable time and that the current metal prices will remain intact for the foreseeable future. Actual results may differ materially from those expressed or implied. Risk factors include, but are not limited to, exploration risk, commodity price risk, regulatory risk, title risk, and the risk that TSX Venture Exchange approval is not obtained. Readers are cautioned not to place undue reliance on forward-looking statements. Regency Silver disclaims any obligation to update forward-looking statements except as required by law.
The scientific and technical information in this news release was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). Information contained herein providing descriptions of mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.
The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept no responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
Source: Regency Silver Corp.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.


Comments
No comment