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Golden Reign Resources Ltd.
Summary
| Project: | San Albino | |
|---|---|---|
| Deposit: | San Albino | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 3/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-3-2017: Golden Reign Resources Ltd. announces an Exploration/Drilling Update report for its San Albino deposit at the San Albino project. Drilling results incl. 6.0m @ 13.94g/t Au, 142.7g/t Ag from 44.60m. Golden Reign Resources Ltd. (TSX-V: GRR)(the “C | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John M. Kowalchuk (Internal) | |
| ABSTRACT: | Golden Reign Resources Ltd. (TSX-V: GRR)(the “Company” or “Golden Reign”) is pleased to report positive drilling analyses from a hydrological test hole completed at its pre-development stage San Albino Gold Deposit, located on the San Albino-Murra Gold Property (the “Property”), Nueva Segovia, Nicaragua. he 2016 infill drilling successfully confirmed continuity of the gold bearing system and improved confidence of finding additional high-grade mineralization at the northwestern end of the proposed West Pit. The San Albino Gold Deposit remains open at depth and in all directions. The Company’s permitting activities are on-going. It is working closely with the Nicaraguan regulatory authorities, namely the Ministry of the Environment and Natural Resources (“MARENA”) and Ministry of Energy and Mines (“MEM”), in order to advance towards receiving the requisite approvals to move the project forward. The hydrological test work undertaken forms part of the comprehensive geotechnical study supporting Golden Reign’s environmental permit application for the San Albino Mine Project. | |
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