Regency Silver (RSMX.V) has confirmed its recently booked drill rig has arrived on site at Dios Padre and drilling should be underway now. The company plans to complete at least 3,000 meters of drilling to follow up on last year’s very successful drill program. As a reminder, the hole drilled through the IP anomaly intersected almost 54 meters containing 4.7 g/t gold, 23 g/t silver and 0.67% copper including almost 36 meters of 6.84 g/t gold, 21.8 g/t silver and 0.88% copper.
The 3,000 meter drill program will focus on expanding the known mineralization by drilling up and down dip, as well as towards the east and west of that fabulous hole. Regency’s rig has a capacity of in excess of 1,000 meters so these deep holes should not be an issue.
On top of that, the company will complete an additional IP program to provide 3D information to a depth of 800 meters. That IP program will happen simultaneously.
Disclosure: The author has a long position in Regency Silver. Please read our disclaimer.
