4 Sep 2008 14:43
REGENCY MINES PLC
Exploration Update
Dated: 4 September 2008
Regency Mines plc ("Regency" the "Company") the mining exploration and mineral investment company with interests in copper and nickel in Western Australia, Queensland, and Papua New Guinea, reports further progress at its Mambare lateritic nickel-cobalt project in Oro Province, Papua New Guinea.
Three drill rigs are currently in operation and over 900m has been drilled so far, in the southern area of the license covered by the ground-penetrating radar programme earlier in the year. The Company hopes to have a fourth rig in operation by 7 September 2008, and expects to have seven rigs in operation by early October.
Samples have been taken from site for sample preparation and will be sent to Jakarta for testing.
Further updating information will be released as it becomes available.
Enquiries:
| Andrew Bell | 0207 402 4580 or 07766 474849 | Regency Mines plc | Chairman |
|
|
|
|
|
| John Simpson / Ben Jeynes | 020 7489 4500 | Blomfield Corporate Finance Ltd | Nominated Adviser |
|
|
|
|
|
| Ron Marshman / John Greenhalgh | 020 7011 9411 | Lothbury Financial Limited | Public Relations |
Updates on the Company's activities are regularly posted on its website, www.regency-mines.com.