Sudan Update - Mobilisation to Jebel Abyad

RNS Number : 9780R

Regency Mines PLC

01 November 2013

 



Regency Mines Plc

("Regency" or the "Company")

Sudan Update - Mobilisation to Jebel Abyad

1 November 2013

Regency Mines plc, ("Regency" or "the Company"), a mining exploration and mineral investment company with interests in nickel and other minerals in Australia, Africa and Papua New Guinea is pleased to announce the launch of a field programme to the Jebel Abyad concession in Sudan, a project where Regency has farm-in rights under an option agreement with International Mineral Resources (Agrominerals Sudan) Ltd ("IMRAS").

Further to the announcement of 27 September, a team led by Regency geologists has been mobilised to Sudan and plans to spend three weeks on site carrying out preliminary phosphate exploration work. The primary goals of the expedition are to reduce the target size by further understanding the geological sequences, generate phosphate anomalies and ultimately to discover phosphate occurrences within the IMRAS-held Jebel Abyad concession. Field activities will consist of geological traverse mapping, overburden sampling, handheld XRF analysis and handheld spectrometer readings across 200-350km transects (Figure 1).

Figure 1: Map of the concession area showing planned transect lines

Click on, or paste the following link into your web browser, to view the associated PDF document relating to the Map of the concession area.

http://www.rns-pdf.londonstockexchange.com/rns/9780R_-2013-11-1.pdf

The team will be based from mobile field camps for the duration of the trip, working with geologists from the Sudanese Ministry of Minerals. An independent consultant with phosphate discovery experience will be an integral member of the team.

Regency Chairman Andrew Bell states: "This is our most extensive field visit in Sudan to date.  We were pleased with the results of our earlier trip to the Red Sea in July, and this trip will follow-up on aspects of that effort and focus on a second area of prospectivity in our licenses, in this instance for phosphates, at Jebel Abyad.  The results of these two visits will in aggregate determine where the Company will direct future exploration efforts and where we may consider an initial drill campaign in 2014."      

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/David Hignell 020 7383 5100	NOMAD Grant Thornton UK LLP
Nick Emerson 01483 413500 Guy Wheatley 02073828416 Rupert Trefgarne 02031288817	Broker SI Capital Ltd Joint Broker Beaufort Securities Ltd Media Relations MHP Communications

 

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