Update - Ram Resources Ltd

RNS Number : 8220Y

Regency Mines PLC

29 January 2014

 



REGENCY MINES PLC

("Regency" or the "Company")

Ram Resources identifies five areas as high-priority anomalies in Fraser Range

29 January 2014

Regency Mines Plc, the mining exploration and mineral investment company with interests in nickel and other minerals in Australia, Papua New Guinea and Sudan announces an update issued by Ram Resources Ltd ("Ram") on the Fraser Range exploration tenement in Western Australia.

Results from geo-chemical sampling work have been returned from five areas that are located just 20km west of Sirius Resources' Nova nickel-copper deposit. These results, together with strong Versatile Time-Domain Electromagnetic (VTEM max) conductors from an earlier survey, have led Ram to identify these five areas as high-priority anomalies. Follow-up ground electro-magnetic work and drilling will be undertaken.

Regency owns 19.9% of Ram, in addition to a royalty over, and a 20% direct stake in, its Fraser Range project.

Ram's full announcement can be read at: http://www.asx.com.au/asxpdf/20140129/pdf/42mc1zggsxjpk1.pdf

For further information contact:

Andrew Bell 0207 747 9960 or 0776 647 4849	Chairman Regency Mines plc
Colin Aaronson / David Hignell 0207 383 5100	NOMAD Grant Thornton UK LLP
Nick Emerson 01483 413500	Broker SI Capital Ltd.
Guy Wheatley 0207 382 8416	Joint Broker Beaufort Securities Ltd
Rupert Trefgarne 0203 128 8817	Media Relations MHP Communications

 

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