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Regency Silver Delivers Consistent Results at it Dios Padre Gold-Copper-Silver Project

Regency Silver Corp. (TSX-V: RSMX, OTCQB: RSMXF) delivered fresh results from an ongoing drill program at the company’s Dios Padre Gold-Copper-Silver Project in Sonora State Mexico showing the growing potential of a district-scale sized gold-copper-silver system. 

Yesterday, the company released two follow up holes from REG-22-01 which yielded 35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 g/t silver along with 13.97 g/t Au, 50.25 g/t Ag and 1.11 % Cu over 9.8 m.

Three new drill holes demonstrate continuity of the mineralization beyond a recent estimate, showing there is plenty more to discover in Mexico and the market is reflecting this in the company’s share price.


Drillings Are Turning

The current drill and IP program is fully financed from the company's recently completed private placement of 10,795,000 common shares at a price of 20 cents per share for gross proceeds of $2,159,000. 

The 2,000-metre drill program is designed to test a large anomaly only 550 metres to the north of the existing Dios Padre historical workings to determine whether it represents a significant continuation of the mineralization at Dios Padre.

"We are excited to begin the next chapter of the growth of Regency Silver. The current drill and IP program is designed to verify management's model of a large, district-scale magmatic-hydrothermal gold-copper-silver system." - Mr. Bragagnolo, executive chairman

The drill program began on January 15th 2023. Three holes have been completed to date totaling 1,974m of drilling. Hole 4 of the program is currently underway attempting to find continuity of the breccia 50m to the west. 

Highlights of the program so far include:

REG-23-14 intersects 32m of pyrite-specularite-chalcopyrite supported breccia from ~454-486m within a broader zone of disseminated and vein hosted mineralization ~25m down dip from REG-22-01.

REG-23-15 intersects 120m of specularite-pyrite-chalcopyrite supported breccia from ~400-520m within a broader zone of disseminated and vein hosted mineralization ~85m down-dip from REG-22-01 and ~62m down-dip from REG-23-14image-20230224143154-2

The current drill program is scheduled to last until the middle of March, 2023. Assay results are expected to take up to four weeks from the date of delivery of material.

“The first three holes can only be described as a success. We now know that the breccia continues to depth and appears to be of similar quality to what we had in REG-22-01. Our geologic understanding has increased significantly and our ability to target effectively in further step outs will only improve going forward” – Michael Tucker – Director and Lead Geologist.

These drill results will eventually be incorporated into the Dios Padre resource. 

Building on a History of Discovery and Geography

The company delivered an updated resource estimate for its wholly owned Dios Padre gold-copper-silver project in under a year from its public listing. 

This is the result of an experienced management team that has a long history of bringing new companies successfully to market with Mexican silver assets and a property with potential.  

Within months of the IPO during the summer of 2022, Regency added a total of 1,658 metres of drilling from 11 holes to the resource area. The updated estimate comprises just 1,056 meters from 8 holes since holes REG-22-08, 09 and 10 were step out holes which were too far away to be added into the resource estimate. 

The updated inferred resource for Dios Padre estimates 11.375 million ounces of silver equivalent with 1.384 million tonnes at 255.64 g/t silver equivalent. This is a 20% increase in inferred resources and an 8.3% increase in grade from a previous resource estimate contained in a technical report from November 24, 2020.

The resource estimate contains results from the historic Dios Padre silver mine only and does not include any information from the recent discovery hole REG 22-01 which contained an intercept of 35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 g/t silver.

Management: Bringing Value to the Market from Mexico

Executive Chairman Bruce Bragagnolo has a history of building shareholder value in Mexico. Mr. Bragagnolo has extensive knowledge of Mexico through his business dealings in the country over the last 20 years.

He is the co-founder and past chief executive officer of both Timmins Gold Corp. and Silvermex Resources Ltd. Mr. Bragagnolo took Timmins Gold through its IPO in 2006, to commercial production in 2010 and its NYSE-MKT listing in 2011. While he was CEO, Timmins Gold built the San Francisco Mine in Sonora, Mexico on time and on budget. 

Timmins Gold went from an IPO market capitalization value of CDN$7 million to a market cap of US$475 million in 2012. He raised over $75 million in equity and $18 million in debt for Timmins Gold. Production peaked at 121,573 ounces of gold in 2014.

Mr. Bragagnolo guided Silvermex Resources through its IPO in 2006 and the purchase of its initial assets in Mexico. Mr. Bragagnolo took the market cap of Silvermex from an IPO market cap of C$7 million to its sale to First Majestic for C$175 million. 

Mr. Bragagnolo was a director of Continuum Resources Ltd. when it acquired the San Jose Mine in Oaxaca, Mexico. Continuum merged with Fortuna Silver in 2004 and the San Jose Mine is now its flagship asset with 2020 production of 6.17 million ounces of silver and 37,805 ounces of gold.

In Good Company, Dios Padre’s Neighbours

Experience in Mexico brings insight into the most prospective regions of Mexico, the company’s Dios Padre’s project sits in a geological belt producing silver mines.


For example, Pan American Silver’s Dolores open-pit mine lies 80 km away and began operation in 2009. Forecast 2022 silver production is between 2.85 - 3.15 million ounces of silver and between 157–179 Koz of gold. As of June 30, 2021 proven and probable reserves were 27 Mt containing 20 million ounces of silver at 24 g/t and 650 Koz of gold at 0.75g/t. 

In addition, Alamos Gold’s Mulatos open-pit and underground gold mining operation has produced more than 2 million ounces of gold and lies 40 kilometres away. 2022E production is 130 -145 Koz ounces of gold.

Agnico Eagle has two projects in the region with its La India open-pit mine (45 km) with 2022E production of 83 Koz gold and its Pinos Altos open-pit and underground mine (75 km) with 2022E production of 128 Koz gold.

Regency Silver is already demonstrating to shareholders that with the right combination of a strong management team, with a highly successful past in developing projects and mines in Mexico and a highly prospective district-scale sized system potential, can yield big returns to investors. The company is poised to build off this initial drill success and turn Regency Silver into one of the most exciting exploration stories for 2023!


Learn more at

This report’s analysis was produced with the work of Nicholas LePan,

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Disclosure: employees own shares of Regency SIlver and the company is a sponsor of this website.

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Additional Information on Regency Silver Corp

Capitalization Table Current Issued and Outstanding Common Shares 76,917,668 Incentive Stock Options 7,690,000 Share Purchase Warrants 1,640,000 Broker Warrants issued upon IPO 1,041,544 Fully Diluted Share Capital 87,289,212

Contact Information: 

Bruce Bragagnolo 

Executive Chairman & Director 

(604) 417-9517


Gijsbert Groenewegen 

CEO & Director 

(646) 247-1000 

Video of its drill program:

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