Regency Mines (LON:RGM) 10th February 2012
A stock spoken about regularly here over the last few weeks, jumped
another 13% to 2.7p at the mid-price by the end of lunch. Volumes have continued to increase as
the stock finds its way on to more investors radars. The company has been very vocal over the last
few sessions issuing a number of updates, and the company continued that form today with another
two updates. The first was a positive updates from the Mambare Nickel Laterite Project that said
Highlights of the assay results include continued thick intersections from Area 3 (North Ridge Infill)
from holes MAM-KK-0027, MAM-KK-0028 and MAM-KK-0029, which sit along the same drill line as
hole MAM-KK-0026 (35.60m at 0.99% Nickel, detailed in previous announcement). This is
encouraging as it shows that mineralization in this area is not only thick, but also apparently
continuous. High-grade intersections within this zone include 8.90m at 1.28% Nickel from 17.50m
depth at MAM-KK-0029. The second RNS said that Two samples were provided to the Perth
laboratories of Direct Nickel to ascertain indicative leaching performance using the Direct Nickel
Process. These preliminary samples were taken from hole MAM-KK-0001 (9.00-10.00m, test 390) and
hole MAM-KK-0004 (18.5-19.5m, test 387). Both of these holes are located in Area 2 (North Ridge Extension).
http://minesite.com/media/pub/var/release_downloadable_file/35846.pdf