EDITOR: | November 1st, 2013

Regency Mines PLC: Sudan Update – Mobilisation to Jebel Abyad

| November 01, 2013 | No Comments
image_pdfimage_print

November 1, 2013 (Source: Regency Mines) — Regency Mines plc, (“Regency” or “the Company”), a mining exploration and mineral investment company with interests in nickel and other minerals in Australia, Africa and Papua New Guinea is pleased to announce the launch of a field programme to the Jebel Abyad concession in Sudan, a project where Regency has farm-in rights under an option agreement with International Mineral Resources (Agrominerals Sudan) Ltd (“IMRAS”).

Further to the announcement of 27 September, a team led by Regency geologists has been mobilised to Sudan and plans to spend three weeks on site carrying out preliminary phosphate exploration work. The primary goals of the expedition are to reduce the target size by further understanding the geological sequences, generate phosphate anomalies and ultimately to discover phosphate occurrences within the IMRAS-held Jebel Abyad concession. Field activities will consist of geological traverse mapping, overburden sampling, handheld XRF analysis and handheld spectrometer readings across 200-350km transects (Figure 1).

Figure 1: Map of the concession area showing planned transect lines

Click on, or paste the following link into your web browser, to view the associated PDF document relating to the Map of the concession area.

http://www.rns-pdf.londonstockexchange.com/rns/9780R_-2013-11-1.pdf

The team will be based from mobile field camps for the duration of the trip, working with geologists from the Sudanese Ministry of Minerals. An independent consultant with phosphate discovery experience will be an integral member of the team.

Regency Chairman Andrew Bell states: “This is our most extensive field visit in Sudan to date.  We were pleased with the results of our earlier trip to the Red Sea in July, and this trip will follow-up on aspects of that effort and focus on a second area of prospectivity in our licenses, in this instance for phosphates, at Jebel Abyad.  The results of these two visits will in aggregate determine where the Company will direct future exploration efforts and where we may consider an initial drill campaign in 2014.”


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


Copyright © 2016 InvestorIntel Corp. All rights reserved. More & Disclaimer »


Leave a Reply

Your email address will not be published. Required fields are marked *