VANCOUVER, BC, June 30,
2022 /CNW/ - Regency Silver Corp. ("Regency
Silver" or the "Company") (TSXV: RSMX ) is pleased to announce that
drilling has commenced at its flagship Dios Padre Silver Property
in Sonora, Mexico. The drill
program is being supervised at site by Regency Silver Executive
Chairman, Bruce Bragagnolo, and
Director, Michael Tucker, P.
Geo.
The 2,000 metre drill program is designed to test a large IP
anomaly only 550 metres to the north of the existing Dios Padre
historical workings to determine whether it represents a
significant continuation of the mineralization at Dios Padre.
The drill program is scheduled to last until the end of July.
Assay results are expected to take up to six weeks from the
date of delivery of material.
Bruce Bragagnolo, Executive
Chairman stated: "We are excited to begin the next chapter of the
growth of Regency Silver. We are hopeful that this drill program
will assist in unlocking the potential of Dios Padre. The grade and
width of the previous drill intercepts and historical mining works
leads management to conclude that there is potential for
significant additional mineralization at Dios Padre".
ABOUT REGENCY SILVER
CORP.
Regency Silver is a silver and gold exploration company focused
on the Americas. Regency Silver is led by a team of experienced
professionals with expertise in both exploration and production.
Regency Silver's flagship project is the Dios Padre silver project
in Sonora, Mexico.
The Dios Padre Property is the subject of a November 24, 2020, National Instrument 43-101
Technical Report. The Technical Report estimated an initial
inferred resource of 9.5 million ounces of silver
equivalent at a grade of 236 g/t. (1.25 million tonnes
at 236 g/t AgEq). Drilling at Dios Padre has returned
intercepts of up to 1.9 meters of 3220 g/t silver
within a broader interval of 32.5 meters of 408 g/t
silver, 5.2 meters of 1145 g/t silver, 12.4
meters of 558 g/t silver and 28.8 meters of
467.8 g/t silver. The initial inferred resource is from the
area in and around the old mine workings only, and during the
current drill program, Regency will be testing an adjacent large IP
anomaly to determine whether it represents a significant
continuation of the mineralization at Dios Padre.
The technical information contained in this news release has
been reviewed by Company director Michael
Tucker, P.Geo, who is recognized as a Qualified Person under
the guidelines of National Instrument 43-101. Mr. Tucker is a
director of the Company and for that reason is not considered
independent. Mr. Tucker has read and approved the technical
contents of this news release.
For further details about the Company please visit
www.Regency-Silver.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements: This news release includes certain
forward-looking statements and forward-looking information
(together, "forward-looking statements"). All statements other than
statements of historical fact included in this release, including,
without limitation, statements regarding the optioning of the
Project by the Company. There can be no assurance that such
statements will prove to be accurate and actual results and future
events may vary from those anticipated in such statements.
Important risk factors that could cause actual results to differ
materially from the Company's plans or expectations include the
risk that TSX Venture Exchange acceptance of the option agreement
will not be obtained, regulatory changes, fundraising, and risk
associated with mineral exploration, including the risk that actual
results of exploration will be different from those expected by
management. The forward-looking statements in this news release
were developed based on the expectations of management, including
that Exchange acceptance for the proposed transaction will be
obtained, conditions will be satisfied, required fundraising will
be completed and the other risks described above will not
materialize. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as otherwise required by applicable securities
legislation.
SOURCE Regency Silver Corp