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12/23/14 - C$0.15
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regal resources inc (RGR) Details

Regal Resources Inc., a junior mineral exploration and development company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It primarily explores for copper prospects. The company primarily has an option agreement to acquire a 100% interest in the Patagonia/Sunnyside, a copper/silver exploration project, which includes 295 claims covering an area of approximately 5900 acres near Nogales, Arizona. It also holds an option to acquire a 100% interest in the Squaw Peak property that consists of 40 unpatented claims covering 800 acres located near Cam Verde, Arizona. Regal Resources Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.

Founded in 2006

regal resources inc (RGR) Top Compensated Officers

Chief Executive Officer, President, Director ...
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Interim Chief Financial Officer, Corporate Se...
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Vice President of Corporate Communications & ...
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Compensation as of Fiscal Year 2013.

regal resources inc (RGR) Key Developments

Regal Resources Inc. Auditor Raises 'Going Concern' Doubt

Regal Resources Inc. filed its Annual on Dec 08, 2014 for the period ending Jul 31, 2014. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Regal Resources Inc. Appoints Steven Engh to the Board of Directors

Regal Resources Inc. appointed Mr. Steven Engh to the Board of Directors of the company. Mr. Steven Engh is an independent financial advisor with 35 years' experience in the investment industry specializing in venture capital and IPOs. Beginning in 1979, Steven worked for various financial institutions including: CM Oliver LTD, Merit Securities and The Vancouver Stock Exchange, holding such positions as floor trader, desk trader, and operations manager. Steven worked the last 24 years at Union Securities Ltd. holding positions such as: Operations Manager, Senior Investment Advisor and VP Sales, in addition to an Executive position. Following the takeover of Union Securities by PI Financial Corp, Steven held positions at PI such as VP and Senior Investment Advisor.

Regal Resources Inc. Receives Formal Approval from the US Forest Service for the Drilling of its Patagonia/Sunnyside Project

Regal Resources Inc. announced the company has received formal approval from the US Forest Service for the drilling of the company's Patagonia/Sunnyside project. The proposed program calls for drilling a minimum of 6 holes and is designed to methodically test for extensions of the skarn mineralization at depth. The program is expected to start in September 2014. Proposed Work Program on the Patagonia/Sunnyside Project This proposed priority target is the deep massive sulfide skarn zone. Regal intends to re-enter possible open holes at TCH 2 and TM 13. At approximately 762 metres (2,500 feet), the drill will spur off to the southeast in hole TCH 2 and to the west in TM 13. The company anticipates intersecting the ore zone 1174 metres (3,850 feet) to 1829 metres (6,000 feet) in depth. The mineralization associated with this strong skarn alteration is bedded and grades from 5% combined lead- zinc-copper and 99 GPT (~3.5 opt) silver to +18% combined lead-zinc-copper and 283 GPT (~10 opt) silver over thicknesses ranging from 18 to 38 metres (60 to 125 feet). Additional near-surface targets may be tested for disseminated silver-lead-zinc-copper mineralization within the diatreme and copper-silver mineralization within the diatreme and adjacent porphyry intrusive. Some of the drilling conducted by Asarco indicates disseminated mineralization occurs within the diatreme adjacent to and north of the proposed drilling. In a Society of Economic Geology Special Publication 15, Graybeal and Vickre indicate that low grade silver-lead-zinc-copper mineralization occurs within this geologic environment. This model would be similar to the Penasquito deposit being mined by Goldcorp in Mexico. Historic core indicate grades in the surrounding area can average 8.5 GPT (0.3 opt) silver, 2% combined lead-zinc-copper and 0.14 GPT (0.005 opt) gold within the diatreme. Copper-silver mineralization occurs south of the proposed drilling. Several historic drill holes have intersected near-surface intervals of chalcocite grading over 0.42% copper from 30 to 61 metres (100 to 200 feet) thick.


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