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8 Aug 2008 14:01
REGENCY MINES PLC
ExplorationĀ UpdateĀ -Ā MambareĀ drilling begins
Dated:Ā 8 AugustĀ 2008
Regency Mines plc ("the Company") the mining exploration and mineral investment company with interests in copper and nickel inĀ Western Australia,Ā Queensland, andĀ Papua New Guinea, announces recent developments at its Mambare lateritic nickel-cobalt project inĀ Oro Province,Ā Papua New GuineaĀ ("Mambare").
The drilling programme at MambareĀ isĀ beginningĀ onĀ the expected timescale. The purpose of the programme, of up to 10,000 metres drilled,Ā extendable to 20,000 metres,Ā isĀ to penetrate the complete laterite profile through to bedrock in order to establish a resource on part of the license area. Six drill rigs have been taken to the Aruma camp site.Ā TwoĀ drill rigs have been set up on drill sites on 22400N and 22800N lines west of the ArumaĀ River. Drilling of these holes willĀ commence on Saturday 9th August.Ā A third rig will be taken across the ArumaĀ RiverĀ to set up on line 21600N.Ā This rigĀ is expected toĀ start drilling on 10thĀ or 11thĀ August.
Enquiries:
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Andrew Bell |
0207 402 4580 or 07766 474849 |
Regency Mines plc |
Chairman |
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John Simpson |
020Ā 7489 4500 |
BlomfieldĀ Corporate Finance Ltd |
Nominated Adviser |
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Ron MarshmanĀ /Ā John Greenhalgh |
020Ā 7011 9411 |
Lothbury FinancialĀ Limited |
Public Relations |
Updates on the Company's activities are regularly posted on its website,Ā www.regency-mines.com.
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