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Golden Reign Resources Ltd.
Summary
| Project: | San Albino | |
|---|---|---|
| Deposit: | San Albino | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 6/16/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-6-2016: Golden Reign Resources Ltd. announces an Exploration/Drilling Update report for its San Albino deposit at the San Albino project. Drilling results incl. 6.9m @ 14.45g/t Au, 40.0g/t Ag. Golden Reign Resources Ltd. (the “Company” or “Golden Reign | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John M. Kowalchuk (Not stated) | |
| ABSTRACT: | Golden Reign Resources Ltd. (the “Company” or “Golden Reign”)(TSX-V: GRR) is pleased to announce final assay results from the now completed, combined metallurgical/infill drilling program on its wholly-owned San Albino Gold Deposit, located in Nueva Segovia, Nicaragua (See Figure 1). Drilling was focused at the proposed San Albino open-pit mine area. In all, 56 diamond drill holes were cored over 2,175.3 metres. A total of 44 holes targeted the San Albino prospect (West Pit), one drill hole was completed on the south slope of San Albino hill (SW Pit) and 11 holes were drilled at the Arras prospect (Central Pit) (see Figure 2). This drill program targeted the shallow dipping, high-grade mineralized zones - starting at surface to an approximate depth of 60 metres. Golden Reign has improved the continuity and confidence of the mineralized zones. In the area planned for initial mining activities, Golden Reign completed 9 metallurgical/infill drill holes to test continuity of the mineralization and extend the outer limit of the proposed open-pit mine. | |
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