Regis Resources Limited (ASX:RRL) says it has achieved strong drill results from its wholly owned Rosemont gold deposit in Western Australia.
The gold producer and explorer says the objective of the latest drilling is to convert inferred resources to indicated resources as well as add to the resource estimate and ore reserve estimate.
The second phase of drilling will continue in the September quarter with the company aiming to update the reserves and resources estimate in the December quarter.
Regis also confirmed today mineralisation continues to the south of its Garden Well gold project, located 10 kilometres north west of Rosemont.
Regis Resources reported a net profit of $38.2 million in the first half of the 2012 financial year.