Regency Silver Makes New Gold-Copper-Silver Discovery at its Dios Padre Project in Sonora, Mexico Drills 35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 g/t silver
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FOR IMMEDIATE RELEASE
NEWS RELEASE
Regency Silver Makes New Gold-Copper-Silver Discovery
at its Dios Padre Project in Sonora, Mexico
Drills 35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 g/t silver
Vancouver, BC – October 11, 2022 – Regency Silver Corp. (“Regency Silver” or the “Company”, TSXV-
RSMX and OTCQB -RSMXF) is pleased to announce that its initial drill hole into a pronounced Induced
Polarization (IP) anomaly 500 m north of the historic Dios Padre silver mine workings intercepted 4.7 g/t
gold over 53.8 metres. The intercept included 35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 g/t
silver, starting at 420 m depth down hole along with 13.97 g/t Au, 50.25 g/t Ag and 1.11 % Cu over 9.8 m
starting at 460.5m down hole . The hole ended in mineralization and was stopped due to the 500 metre
maximum capacity of the drill rig being used.
The goal of the drill campaign at the Dios Padre project was two -fold. To test the core of the IP anomaly
500 m to the north of the old mine workings and to expand the Dios Padre silver mine mineralization both
to the east and to the west. The drill program was successful on both fronts, intersecting strong gold,
copper and silver mineralization in the core of the IP anomaly as well as successfully intersecting silver
and gold mineralization both to the east and west of the old mine workings.
Gold-Copper-Silver mineralization in REG -22-01 is largely breccia hosted, with sulphides (pyrite,
chalcopyrite) forming the breccia matrix. The core of the mineralized zone sits within and adjacent to a
felsic intrusive body, though mineralization is present bo th within the felsic unit as well as the host
andesites. Both rock units are strongly altered to white mica with some silica. Gold and copper values
correlate well with increased sulphide abundance, and coarse visible gold (VG) was found in some of the
more gold-rich areas. The current hypothesis is that this zone represents a down-dip extension of the Dios
Padre silver mine where we have moved further up the temperature gradient of the system from a Ag -
Pb-Zn dominant assemblage in the old mine workings, to a Au-Cu dominant assemblage down-dip. The
current hypothesis is that this mineralization is driven by magmatic fluids and that the mineralization
intersected in REG-22-01 represents a step closer to the magmatic source. Work is ongoing to determine
more specifically what type of broad, mineralizing system is present at Dios Padre . Regency is highly
encouraged by what these results indicate.
Additional drilling outside of the existing block model near the old silver mine workings intercepted grades
as high as 582.47 g/t silver over 3.9 m from 21.1 m to 25 m depth in hole REG-22-05, 558.30 g/t silver
over 5.85 m from 38.15 m to 44 m in hole REG-22-06 and 420.23 g/t silver over 3.10 m in hole REG-22-
09. The old silver mine workings contain an existing NI 43 -101 inferred resource of 9.5 million ounces of
silver equivalent with an average silver grade of 236 g/t.(1.25 million tonnes at a grade of 236 g/t Ag Eq ).
Regency is very encouraged that the step-outs all indicate that the system continues both to the east and
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the west where it was previously thought to have stopped and currently sees no impediment to continued
lateral expansion of the deposit along strike to the east and the west. Additionally, to the east, gold values
of the easternmost holes are some of the strongest intersected in the mine area with hole REG-22-04
intersecting 17.9 m of 1.34 g/t Au. The results indicate a more gold rich zonation in the system towards
the east.
Regency plans to follow up this successful program with a more thorough airborne and ground
geophysical program in addition to further drilling to expand on the exceptional results from REG-22-01.
Work is ongoing to secure a drill and contractor with a deeper drilling capacity to determine the extent of
the mineralization below 500 m downhole depth.
Bruce Bragagnolo, Executive Chairman said “The 2022 drill program was a major success. The drill hole
into the prominent IP anomaly proved out our theory that the mineralization at depth would be different
than the silver mineralization found at the historic Dios Padre silver mine workings. The gold and copper
grades below the IP anomaly have proven to be at the very top range of our expectations. The drill results
outside of the block model at the historic silver mine workings were also very promising and justify
additional work. Our upcoming programs will be designed to verify management’s model of a large,
district scale magmatic-hydrothermal gold-copper-silver system.”
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Figure 1. Plan Map showing all Regency drilling and new 2022 assay results for gold (red) and copper (green) . Background is the IP anomaly
which extends over 1 km. Highlights for the best gold intersections are labelled on the map.
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Figure 2. Plan Map showing all Regency drilling and new 2022 assay results for gold (red) and silver (blue). Background is the IP anomaly which
extends over 1 km. Highlights for the best silver intersections are labelled on the map.
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Figure 3. Cross section of REG-22-01 with chargeability anomaly in background and highlighted composites.
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Figure 4. Cross-section for holes REG-22-02-REG-22-07. Both gold and silver results are shown on the histograms with the best intersections
labelled on the section.
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Figure 5. Thick cross-section through both REG-22-01 and holes REG-22-02-REG-22-07. The large chargeability anomaly is shown as well as the
block model for the Dios Padre silver deposit (NI 43-101 inferred resource of 9.5 million ounces of silver equivalent with an average silver
grade of 236 g/t. ((1.25 million tonnes at a grade of 236 g/t Ag Eq).
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Figure 6. Drill core assay values from REG 22-01 between 459.5 m to 468.5 m.