logo-loader
viewRegency Mines PLC

Regency Mines boosted by Fraser Range sampling work

australia_350_52e92e13a04ef.jpg

Ram Resources, in which Regency Mines (LON:RGM) has a significant stake, has identified five areas as high priority anomalies in its Fraser Range project.

Results from geo-chemical sampling work have been returned from five areas that are located just 20 kilometres west of Sirius Resources' Nova nickel-copper deposit in Western Australia.

Having analysed the results, and factored in the strong Versatile Time-Domain Electromagnetic (VTEM max) conductors from an earlier survey, Ram will make further exploration of these anomalies a high priority.

Follow-up ground electro-magnetic work will be undertaken and then, all being well, drilling will take place to further refine the targets.

The latest geo-chemical results have peak values of 116 parts per million (ppm) nickel, 326 ppm chromium, 96.8 ppm copper and 89.9 parts per billion gold.

Regency Mines owns 19.9% of Ram, in addition to a royalty over, and a 20% direct stake in, Ram’s Fraser Range project.

Shares in Regency Mines closed up almost 11% at 0.04p following the news.

Quick facts: Regency Mines PLC

Price: 0.039 GBX

LSE:RGM
Market: LSE
Market Cap: £591.59 k
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Regency Mines PLC named herein, including the promotion by the Company of Regency Mines PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Regency Mines putting foundations in place for 'development and value'

Regency Mines PLC's (LON:RGM) Scott Kaintz and Ewen Ainsworth join Proactive's Andrew Scott in the London studio to discuss the recent refinancing of the firm's debt facility as well as the findings of the strategic review. Regency's refinanced US$1.254mln worth of loan notes through to July...

on 1/8/19

2 min read