16 Jul 2013 12:06
REGENCY MINES PLC
("Regency" or the "Company")
Fraser Range Project - Update
16 July 2013
Regency Mines plc, a mining exploration and mineral investment company with interests in nickel and other minerals in Australia, Africa, and Papua New Guinea announces an update on exploration on its Fraser Range Project (formerly Fraser West Project) in Western Australia.
Further to the Company's announcement of 1 July 2013 in relation to the sale of an interest in the Fraser Range Project to Ram Resources Ltd (ASX:RMR)(("Ram"), it has today been announced by Ram that ground exploration by a team of geologists and field assistants begins this week, to conduct geological reconnaissance and soil sampling, initially around interpreted gold and nickel anomalies.
A link to the Ram announcement follows: http://www.asx.com.au/asxpdf/20130716/pdf/42h29z13sbzbmt.pdf
Regency Chairman Andrew Bell states: "Five geologists with different skill sets have been seconded from Regency Mines Australasia Pty Ltd and other group companies to enable Ram to ramp up its work on the ground quickly, and a professional team is being assembled."
Enquiries:
Andrew Bell 020 7747 9960 or 07766 474849 Chairman Regency Mines plc
Sandra Spencer 020 7747 9960 or 07757 660 798 Investor Relations Regency Mines plc
Colin Aaronson / Daniela Amihood 020 7383 5100 NOMAD Grant Thornton Corp Finance
Nick Emerson 01483 413500 Broker Simple Investments Ltd