Regency Silver Corp. (TSX-V:RSMX, OTCQB:RSMXF) said an updated resource estimate for its Dios Padre gold-copper-silver project in Sonora, Mexico, incorporating new drilling data has increased the estimated size of the resource.
In a statement, the company said that the updated inferred resource for Dios Padre has been estimated at 11.375 million ounces of silver equivalent, represented by 1.384 million tonnes at 255.64 grams per tonne of silver equivalent.
This is a 20% increase in inferred resources and an 8.3% increase in grade, Regency Silver highlighted.
READ: Regency Silver announces start of 2023 Dios Padre drill and IP program
The company said that in the summer of 2022, it added a total of 1,658 metres of drilling from 11 holes to the resource area; however, the updated resource estimate incorporates only 1,056 metres from eight holes as the remaining holes were step-out holes which were too far away to be added into the resource estimate.
Additional planning is planned for these areas to eventually incorporate them into the Dios Padre resource, Regency Silver noted.
Regency Silver is a gold-copper-silver exploration company focused on the Americas.
Shares of Regency Silver were up 5.8% at $0.28 in morning trading in Toronto.
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