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regal resources inc (RGR) Snapshot

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05/9/13 - C$0.16
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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 and Direct...
Total Annual Compensation: --
Interim Chief Financial Officer, Corporate Se...
Total Annual Compensation: --
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

regal resources inc (RGR) Key Developments

Regal Resources Inc. Auditor Raises 'Going Concern' Doubt

Regal Resources Inc. filed its Annual on Dec 03, 2013 for the period ending Jul 31, 2013. 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. Announces Director Changes

Regal Resources Inc. announced the results of the Company's recent AGM. The present directors Mses. Gregory Thomas, Fred Baker, and Tony Louie, were unanimously re-elected. Mr. Kevin Riley was elected in place of Mr. Harvey Dick who did not stand for re-election. Mr. Kevin Riley 55, is a successful self- employed businessman who founded and over a period of 20 years built up Able Copiers Ltd. culminating with the sale of the company to Toshiba Canada in 2006. Additionally, Mr. Riley was elected to the board of United Savings Credit Union in 1997 and served until 2005. During his tenure as a director United Savings Credit Union merged with G and F Financial.

Regal Resources Inc. Provides Update on Sampling and Geologic Mapping Program on Sunnyside Property

Regal Resources Inc. announced the completion of an underground sampling and geologic mapping program on the company's 100% owned Sunnyside property in Santa Cruz county, Arizona. This initial phase of the work program focused on 17 historic open adits and 8 shaft dumps. The underground sampling and mapping program incorporated detailed surveying of each adit. Sampling was carried out on 6 metre (20 feet) intervals or less. A total of 201 samples were collected from over 1,220 metres (4,000 feet) of historical workings. An additional 32 samples were collected from open cuts, shaft dumps and trenches. The shaft dumps were hand trenched to collect representative samples and the trenches and open cuts were chipped along their lengths at 6 metre (20 feet) intervals or less. Seventeen samples were collected from narrow, high grade mineralization confined to veins or fault zones. These samples were collected to determine the effects on the larger 6 metre (20 foot) sample lengths. Copper values ranged from 13 ppm to 46,200 ppm (4.62%) from the underground sampling program and the silver ranged from 0.1 ppm to 223 ppm (223 grams per ton). This work identified several significant areas of mineralization hosted in brecciated material. Over 10% of the 251 samples collected contained copper values ranging from 1% to 11.05%. Highlights of the program included the BB adit which had an average grade of 1.26% copper and 8 g/t silver over a length of 60+ metres (200 feet (10 samples)) where upon the adit terminated. The Sunnyside adit contained 0.51% copper and 2.3 g/t silver over a length of 180+ metres (600 feet (30 samples)). This program has been instrumental in providing evidence of near surface Cu-Ag-Au-Mo mineralization associated with multiple episodes of brecciation and faulting. Clear evidence of copper enrichment in the form of chalcocite was evident within several of the adits throughout the property. Further analysis of the mapping and sampling will assist in refining drill targets to be tested in the 2013 drill season.


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