en.Wedoany.com Reported - Regis Resources (ASX:RRL) has announced an initial open-pit resource estimate for Beamish South, with 7 million tonnes at 1.10 g/t gold, containing 270,000 ounces, within a pit shell at A$3,900 per ounce.
The resource includes 6 million tonnes at 1.10 g/t gold for 200,000 ounces in the indicated category, and 2 million tonnes at 1.20 g/t gold for 70,000 ounces in the inferred category.
Beamish South is located 3 kilometers south of the Garden Well open-pit mine, in the same stratigraphic position.
Recent drilling at the site has returned significant intercepts, including 23 meters at 2.00 g/t gold from 55 meters depth, and 32 meters at 1.50 g/t gold from 127 meters depth. Higher-grade mineralization is predominantly plunging to the north, reinforcing confidence that additional mineralization and potential underground resources may be defined along the plunge direction.
Managing Director and CEO Jim Beyer said the results validate the company's regional strategy. Beyer stated: "Regis holds a substantial opportunity set with nearly 100 exploration targets and projects at varying stages of maturity, which we prioritize and test across the portfolio."
The company also reported growth potential at its key assets.
At Garden Well, drilling has confirmed "strong" mineralization within the existing resource and up to 500 meters down-plunge. Significant intercepts include 10.4 meters at 2.90 g/t gold from 1,179 meters depth, approximately 500 meters down-plunge, and 20.0 meters at 3.40 g/t gold from 374 meters depth.
Meanwhile, results at King of Creation are consistent with historical drilling, supporting the expected continuity along the plunge. Assay results include 15 meters at 3.20 g/t gold from 128 meters depth, and 23 meters at 3.90 g/t gold from 88 meters depth, among others.
Drilling around Rosemont Stage Three has identified strong mineralization in quartz-dolerite host rock, confirming the unit extends approximately 300 meters south of the current design boundary.
At McPhillamys, drilling at Kings Plains has confirmed gold mineralization extending at least 180 meters from surface, with additional work underway to assess the potential for an economic open-pit resource.
Tropicana has also delivered encouraging results at Boston Shaker, Tropicana Underground, and Havana South.
Regis Resources (ASX:RRL) is a gold producer and explorer with projects in New South Wales and Western Australia. The company holds nearly 100 exploration targets at various stages of maturity across its portfolio.
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