For thousands of other reports visit RSC's Mineral Intellingence Map
Golden Reign Resources Ltd.
Summary
| Project: | San Albino | |
|---|---|---|
| Deposit: | San Albino - West Pit | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 10/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-10-2016: Golden Reign Resources Ltd. announces an Exploration/Drilling Update report for its San Albino - West Pit deposit at the San Albino project. Drilling results incl. 3.0m @ 38.38g/t Au, 43.6g/t Ag. Golden Reign Resources Ltd. (TSX-V: GRR)(the "Co | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John M. Kowalchuk (Not stated) | |
| ABSTRACT: | Golden Reign Resources Ltd. (TSX-V: GRR)(the "Company" or “Golden Reign”) is pleased to report additional results from grade-control drilling within the proposed West Pit on its wholly-owned San Albino Gold Deposit located in Nueva Segovia, Nicaragua. These results are in addition to a number of high-grade intersections which were previously reported (see news release dated September 8, 2016). The grade control, Reverse Circulation (RC) drilling at San Albino’s West Pit consisted of 87 vertical drill holes totaling 1,581 metres (see attached map). This closely spaced RC drill program: • confirmed grade and structural continuity of the mineralization • extended the mineralization along strike and at depth, resulting in the expansion of the initial pit boundaries • confirmed that the area between two smaller starter pits is also mineralized, suggesting that the pits may be combined into a single, larger open-pit • provided greater definition of the San Albino mineralized zone, with drill intercepts returning higher grades and wider thicknesses than those represented in its Preliminary Economic Assessment Report (PEA) resource estimate and model (available on the Company’s website and SEDAR) • resulted in the discovery of another mineralized zone, previously interpreted as irregular branching of the main mineralized zone. The close-space drilling, approximately 10 metres by 10 metres apart and to a vertical depth of 20 metres, was designed to define the grade and distribution and confirm grade continuity within the area proposed for exploitation during the first stage of open-pit mining. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report