Why does Regis Resources believe in the potential for additional mining fronts in the undergrounds at Garden Well? Regis Resources Limited

L Lykeshares 2y Staff

Why does Regis Resources believe in the potential for additional mining fronts in the undergrounds at Garden Well?

In the world of mineral exploration, persistence and strategic investments often lead to remarkable discoveries. Regis Resources, a prominent player in the mining industry, has once again demonstrated the rewards of ongoing dedication and smart resource allocation.

The bi-annual exploration update, released on December 14, 2023, has painted a promising picture for the company's future. Regis Resources' Managing Director, Jim Beyer, has expressed his excitement at the latest findings, highlighting the substantial growth potential of their assets. This article delves into the details of the report, shedding light on the company's progress and the outlook for its projects.

Jim Beyer's Perspective

Jim Beyer, the Managing Director of Regis Resources, exudes confidence as he reflects on the company's exploration endeavors. He expresses, "It is very exciting to see that investment in our assets continues to deliver returns with the latest exploration update highlighting the size and potential of our assets.

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" Beyer's sentiments underscore the company's commitment to maximizing the value of its investments.

Duketon's Promise

The exploration update delves into the progress made in two key project areas: Duketon and Tropicana. Let's begin by examining the exciting developments in Duketon.

Garden Well Exploration: Regis Resources' Garden Well Main exploration decline has reached completion, and the results are nothing short of promising. The Exploration Target estimate has been confirmed, with early success contributing to the existing mine plan. Notable intersections include 2. 2 meters at 110. 8 g/t Au, 36 meters at 5. 0 g/t Au, 12 meters at 7. 8 g/t Au, and 24. 3 meters at 3. 7 g/t Au, showcasing the potential for additional production fronts.

Rosemont's Growth: Rosemont, situated to the south, shows exciting potential for further growth. Better intersections have been recorded, such as 7. 4 meters at 6. 7 g/t Au, 4. 3 meters at 15. 4 g/t Au, 3. 4 meters at 45. 7 g/t Au, and 1. 4 meters at 40. 1 g/t Au, indicating a fruitful expansion in this direction.

Expanding Accessibility: Regis Resources has invested in a haul road to Ben Hur, located 30 kilometers south of Garden Well. This strategic move has opened up access to various deposits, including Russell's Find, Reichelt's Find, Palliard's Find, and King of Creation, all of which have shown promising drill results.

Tropicana's Growing Potential

The exploration update also highlights significant progress at the Tropicana project.

Boston Shaker's Encouragement: Boston Shaker underground continues to impress with strong infill drilling results. Potential down-plunge opportunities are evident, with notable intersections like 37 meters at 4. 4 g/t Au, 29 meters at 5. 1 g/t Au, 38 meters at 4. 0 g/t Au, and 33 meters at 4. 4 g/t Au, underscoring the project's growth potential.

Havana's Promise: Results from the Pre-feasibility Study (PFS) indicate that Havana underground is shaping up as a third potential production zone. Better intersections from PFS drilling beneath the open pit include 20 meters at 4. 7 g/t Au, 18 meters at 4. 6 g/t Au, 33 meters at 3. 2 g/t Au, and 31 meters at 3. 4 g/t Au, emphasizing the prospects for this zone.

Deep Extension Drilling: Deep extension drilling, conducted 700m-800m down-plunge at Boston Shaker, continues to uncover broad economic mineralization. This finding hints at the potential for extending the underground life of the project.

Continued Progress

The bi-annual exploration update serves as a testament to Regis Resources' commitment to its projects. The Garden Well Main underground drilling confirms the existence of a continuous mineralized system. Exploration drilling from the surface beneath the Garden Well pit has unveiled the potential for a large mineralized system that could support additional underground production areas. A 1km long exploration decline extending from Garden Well South to beneath Garden Well Main Zone is complete, with drilling underway to test the Initial Target Area.

These findings further enhance Regis Resources' position in the Western Australian gold mining sector. The company's approach, where production consistently outpaces depletion, promises mine lives well beyond existing reserves.

Regis Resources' bi-annual exploration update is a testament to the company's dedication to maximizing the potential of its assets. The progress in both the Duketon and Tropicana projects showcases the company's commitment to growth and innovation in the mining sector. As exploration continues, Regis Resources is well-positioned to solidify its presence and contribute to the industry's advancement. Investors and stakeholders can look forward to a promising future for the company as it continues to unlock the potential of its mining assets.

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