Golden Reign Resources.
Many gold deposits in Central America are associated with epithermal style mineralization - San Albino-Arras is included amongst these. The positive results at San Albion-Arras indicate strong potential for the development of an important gold deposit and near-future mine operation.
Historic discovery showing signs of developing into a robust resource
Golden Reign Resources, Ltd. (TSX.V: GRR) is a Canadian mineral exploration company based in Vancouver, B.C. The Company has optioned the San Albino-Murra Gold Concession in north central Nicaragua. The property includes one major concession with an area of 87 square kilometers (8,700 hectares) situated to the east of the town of El Jicaro. The concession is valid for a period of 25 years.
San Albino: Golden Reign's 2010 exploration program comprised of geological mapping, trenching and diamond drilling confirming the uniformity of high-grade, near-surface mineralization, both in thickness and grade. Several drill holes returned excellent gold intervals over significant widths:
SA10-09-09 3.83 metres of 24.98 g/t gold and 17.65 g/t silver
including: 2.0 metres of 39.30 g/t gold and 21.0 g/t silver
Arras: In 2010, all drill holes intersected the Arras zone mineralization, with the best intercepts returning:
AR10-01 1.15 metres of 31.15 g/t gold and 83.6 g/t silver
AR10-03 2.14 metres of 21.43 g/t gold and 47.3 g/t silver
The 2011 drill program was designed to expand upon the highly successful 2010 drill program, further defining the strike and down dip extent of mineralized structures, including the San Albino and Arras zones. Early Highlights include:
12.0 meters of 16.37 g/t gold and 23.45 g/t silver
including: 7.0 metres of 22.92 g/t gold and 32.43 g/t silver
including 2.5 metres of 46.70 g/t gold and 36.57 g/t silver
The 2011 drilling program to date indicates a down dip extension of approximately 600 metres with a vertical depth of approximately 200 metres and also demonstrates a continuity of mineralization along strike of approximately 300 metres. Work to establish a 600 metre strike length is in process. The mineralized zones remain open along strike in both directions and at depth.
Drilling is designed to test the entire area between the San Albino and Arras prospects which represents approximately 2 square kilometres within the highly prospective 24 square kilometre Southern (San Albino) District of the Property. Initially, the 2011 diamond drill program consisted of 40 to 60 holes of definition drilling, totaling between 6,000 to 10,000 metres across a series of five fences of drill holes. After several very encouraging drill holes, the Company redesigned the program, which now consists of at least 70 drill holes totaling approximately 16,000 metres, to be drilled in six fences of drill holes located approximately 100 metres apart with holes spaced approximately 50 metres apart.
Many gold deposits in Central America are associated with epithermal style mineralization - San Albino-Arras is included amongst these. The positive results at San Albion-Arras indicate strong potential for the development of an important gold deposit and near-future mine operation.
Historic discovery showing signs of developing into a robust resource
Golden Reign Resources, Ltd. (TSX.V: GRR) is a Canadian mineral exploration company based in Vancouver, B.C. The Company has optioned the San Albino-Murra Gold Concession in north central Nicaragua. The property includes one major concession with an area of 87 square kilometers (8,700 hectares) situated to the east of the town of El Jicaro. The concession is valid for a period of 25 years.
San Albino: Golden Reign's 2010 exploration program comprised of geological mapping, trenching and diamond drilling confirming the uniformity of high-grade, near-surface mineralization, both in thickness and grade. Several drill holes returned excellent gold intervals over significant widths:
SA10-09-09 3.83 metres of 24.98 g/t gold and 17.65 g/t silver
including: 2.0 metres of 39.30 g/t gold and 21.0 g/t silver
Arras: In 2010, all drill holes intersected the Arras zone mineralization, with the best intercepts returning:
AR10-01 1.15 metres of 31.15 g/t gold and 83.6 g/t silver
AR10-03 2.14 metres of 21.43 g/t gold and 47.3 g/t silver
The 2011 drill program was designed to expand upon the highly successful 2010 drill program, further defining the strike and down dip extent of mineralized structures, including the San Albino and Arras zones. Early Highlights include:
12.0 meters of 16.37 g/t gold and 23.45 g/t silver
including: 7.0 metres of 22.92 g/t gold and 32.43 g/t silver
including 2.5 metres of 46.70 g/t gold and 36.57 g/t silver
The 2011 drilling program to date indicates a down dip extension of approximately 600 metres with a vertical depth of approximately 200 metres and also demonstrates a continuity of mineralization along strike of approximately 300 metres. Work to establish a 600 metre strike length is in process. The mineralized zones remain open along strike in both directions and at depth. Drilling is designed to test the entire area between the San Albino and Arras prospects which represents approximately 2 square kilometres within the highly prospective 24 square kilometre Southern (San Albino) District of the Property. Initially, the 2011 diamond drill program consisted of 40 to 60 holes of definition drilling, totaling between 6,000 to 10,000 metres across a series of five fences of drill holes. After several very encouraging drill holes, the Company redesigned the program, which now consists of at least 70 drill holes totaling approximately 16,000 metres, to be drilled in six fences of drill holes located approximately 100 metres apart with holes spaced approximately 50 metres apart.
Jan 23, 2012 - Expanded 2011/2012 Definition Drill Program Recommences, Independent Consulting Firm Retained for Re... (more...)
Nov 24, 2011 - Update On Expanded 2011 Definition Drill Program (more...)
Nov 21, 2011 - Complete First Fence Drill Results From San Albino Mine (more...)
