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Golden Reign Resources Ltd.
Summary
| Project: | San Albino | |
|---|---|---|
| Deposit: | San Albino | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 9/12/2017 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-9-2017: Golden Reign Resources Ltd. announces an EIA/ESIA report for its San Albino deposit at the San Albino project. Golden Reign receives environmental permit to advance the San Albino project. Golden Reign Resources Ltd. (TSX-V: GRR) (the “Company” | |
| Resources: | (Resource): 95Koz Au Indicated and 805Koz Au Inferred | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Golden Reign Resources Ltd. (TSX-V: GRR) (the “Company” or “Golden Reign”) is pleased to announce that it has received its environmental permit for the DEVELOPMENT, CONSTRUCTION AND OPERATION of up to a 500 ton per day operation at its wholly-owned San Albino Gold Deposit, located in Nueva Segovia, Nicaragua. Golden Reign is the first gold mining company, without existing Nicaraguan operations, to be awarded a permit in the last 13 years. The Company will be the third gold producer within the country and our high grade, San Albino Gold Project will be the first newly permitted commercial gold processing operation in the country within years. On August 25, 2017, the Company held its Public Consultation Meeting, a key step in the EIA permitting process. The meeting was attended by representatives from the Ministry of the Environment and Natural Resources (MARENA), the Ministry of Energy and Mines (MEM), the National Forestry Institute (INAFOR), a number of other ministries and variety of businesses, municipal authorities, a non-governmental organization, local judicial and political party representatives, as well as members of the public. Of the over 700 people in attendance, 551 registered participants represented 17 different communities and the local municipality of El Jicaro. The Company delivered an in-depth 3-hour presentation on the San Albino Gold Project, explaining the proposed mining operations, as well as its potential economic and social impact. The meeting also provided a forum for questions and responses. The Public Consultation Meeting went extremely well, with the project receiving the support of all parties present. | |
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