Regency Silver Options Two Past Producing High-Grade Silver Projects Near San Dimas in Durango, Mexico Silver Grades as high as 7,753 g/t from sampling
FOR IMMEDIATE RELEASE
NEWS RELEASE
Regency Silver Options Two Past Producing High-Grade
Silver Projects Near San Dimas in Durango, Mexico
Silver Grades as high as 7,753 g/t from sampling
Vancouver, BC – January 3, 2024 – Regency Silver Corp. (“Regency Silver” or the “Company”,
TSXV-RSMX and OTCQB-RSMXF) is pleased to an nounce that it has entered into an option
agreement to acquire two contiguous claim groups (the “San Dimas Claims”) near the San Dimas
mine in the San Dimas district of Durango, Mexico. (See Figure 1 below for location)
The San Dimas Claims cover a total of 3,498 hect ares and contain numerous artisanal workings
and tunnels. Historical grab sampling returned as say values as high as 17 g/t gold and 7,753 g/t
silver and 37 g/t gold and 2,325 g/t silver. Veri fication grab sampling by Regency Silver has
returned assay values of 8.95 g/t gold and 304 g/t silver, and 0.49 g/t gold and 1,084 g/t silver.
The San Dimas Claims are located only 13 km to the east of the San Dimas mine in Durango,
Mexico. Historical production to 2018 from the San Dimas district is estimated at more than 748
Moz of silver and more than 11 Moz of gold (Enri quez et al., 2018), placing the district third in
Mexico for precious metal production after Pachuca and Guanajuato.
Regency Chairman Bruce Bragagnolo stated, “We are excited to acquire an option on the San
Dimas Claims. The acquisition fits with our ongoing strategy of acquiring high grade properties in
established mining camps and developing them to create substantial shareholder value. We
firmly believe that, after Dios Padre, the San Dimas district is the next large scale mining district
in Mexico and Regency plans to be firmly establ ished in the area. In addition to our ongoing
programs at Dios Padre we plan to commence a mapping and sampling program on the San Dimas
Claims in the near future.”
In order to exercise the option , Regency Silver must pay US$50,000 on receipt of Exchange
acceptance, US$50,000 in 6 months, issue a total of 1,000,000 common shares and pay back taxes
and mining filings on or before March 31, 2025. In lieu of a royalty, Regency Silver must also pay
a US$1M bonus upon a NI 43-101 resource be ing published, which es timates the San Dimas
Claims contain a minimum of 70 m illion silver equivalent ounces or 1 million gold ounces in the
measured or indicated categories. The shares ar e subject to a four month hold period and the
agreement is subject to the approval of the TSX Venture Exchange.
Figure 1: San Dimas Claims Location
QA/QC
Regency verification samples were submitted to Laboratorio Technologia de Metallurgia’s (LTM)
analytical facility in Hermosillo, Mexico for preparation and analysis. LTM is ISO 9001 and ISO/IEC
17025 certified and all analytical methods include quality control materials at set frequencies
with established data acceptance criteria. Samples were analyzed by LTM with a standard fire
assay using 30 gm samples. Gold was analyzed using absorption spectrometry (AA 240 FS) and
silver by gravimetrics.
Technical Information
The technical information contained in this news release has been reviewed by Company director
Michael Tucker, P.Geo, who is recognized as a Qualified Person under the guidelines of National
Instrument 43-101. Mr. Tucker is a director of the Company and for that reason is not considered
independent. Mr. Tucker has read and approved the technical contents of this news release.
ABOUT REGENCY SILVER CORP.
Regency Silver Corp. is a Canadian resource company exploring for high grade gold, copper, and
silver in Mexico. Regency Silver is led by a team of experienced professionals with expertise in
both exploration and production. Regency’s flagship project is the high grade Dios Padre project
in Sonora Mexico where Regency has made a large, high grade, gold-copper-silver discovery. Drill
results have included 38 metres of 7.36 g/t gold in hole REG 23-21, 36 metres of 6.84 g/t gold,
0.88% copper and 21.8 g/t silver in hole REG 22-01, and 29.4 m of 6.32 g/t gold in hole REG 23-
14.
Contact Information
Regency Silver Corp.
Kin Communications Inc.
Phone: 1-604-684-6730
Email: [email protected]
Bruce Bragagnolo, Executive Chairman
(604) 417-9517
Email: [email protected]
Gijsbert Groenewegen, Chief Executive Officer
Phone: 1-646-247-1000
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward-Looking Statements : This news release includes certain
forward-looking statements and forward-look ing information (together, “forward-looking
statements”). All statements other than statements of historical fact included in this release,
including, without limitation, statements regarding the optioning of the Project by the Company.
There can be no assurance that such statements will prove to be accurate and actual results and
future events may vary from those anticipated in such statements. Important risk factors that
could cause actual results to differ materially from the Company's plans or expectations include
the risk that regulatory changes, fundraising, and risk associated with mineral exploration,
including the risk that actual results of exploration will be different from those expected by
management. The forward-looking statements in this news release were developed based on the
expectations of management, including that Exch ange acceptance for the proposed transaction
will be obtained, conditions will be satisfied, required fundraising will be completed and the other
risks described above will not materialize. The Company expressly disclaims any intention or
obligation to update or revise any forward-looki ng statements whether as a result of new
information, future events or otherwise, except as otherwise required by applicable securities
legislation.