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.
2012 Property Acquisition - El Jicaro Concession
The El Jicaro Concession encompasses the southwest extension of the mineralized structures currently being drill tested by three active drill rigs on the San Albino-Murra Property. The Concession covers an area of 5,071 hectares (51 km2), nearly doubling the Company's current land package to an aggregate 13,771 hectares (138 km2). Numerous historical mines and workings exist along a structural corridor approximately 3 kilometres wide by 20 kilometres long which spans the entirety of the Company's land package.
Drilling Highlights
San Albino/Arras
3.83 metres of 24.98 g/t gold and 17.65 g/t silver
1.15 metres of 31.15 g/t gold and 83.6 g/t silver
2.14 metres of 21.43 g/t gold and 47.3 g/t silver
12.0 metres of 16.37 g/t gold and 23.45 g/t silver
2.0 metres of 85.86 g/t gold and 35.01 g/t silver
Las Conchitas
3.0 metres of 62.96 g/t gold and 61.07 g/t silver
3.0 metres of 12.01 g/t gold and 13.1 g/t silver
5.0 metres of 8.63 g/t gold and 3.5 g/t silver
2011-2012 Definition Drill Program
The 2011-12 definition 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. Highlights include:
The drilling program 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. The mineralized zones remain open along strike in both directions and at depth.
San Albino-Arras Definition Drill Program (Update)
The 2011-12 definition drill program is designed to further extend the mineralized area first outlined in 2010, refine the geological model, and obtain sufficient data to calculate a NI 43-101 compliant mineral resource for the San Albino Mine area.
After several very encouraging drill holes, the Company redesigned and significantly expanded the program - more than doubling the scope of the program. Initially planned to consist 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, the Company now anticipates that the program will comprise a minimum of 20,000 metres cored in approximately 140 drill holes across a series of six fences of drill holes. To date, over 14,500 metres have been cored. The Company now expects to release a NI 43-101compliant resource calculation in the first half of 2012.
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.
2012 Property Acquisition - El Jicaro Concession
The El Jicaro Concession encompasses the southwest extension of the mineralized structures currently being drill tested by three active drill rigs on the San Albino-Murra Property. The Concession covers an area of 5,071 hectares (51 km2), nearly doubling the Company's current land package to an aggregate 13,771 hectares (138 km2). Numerous historical mines and workings exist along a structural corridor approximately 3 kilometres wide by 20 kilometres long which spans the entirety of the Company's land package.
Drilling Highlights
San Albino/Arras
3.83 metres of 24.98 g/t gold and 17.65 g/t silver
1.15 metres of 31.15 g/t gold and 83.6 g/t silver
2.14 metres of 21.43 g/t gold and 47.3 g/t silver
12.0 metres of 16.37 g/t gold and 23.45 g/t silver
2.0 metres of 85.86 g/t gold and 35.01 g/t silver
Las Conchitas
3.0 metres of 62.96 g/t gold and 61.07 g/t silver
3.0 metres of 12.01 g/t gold and 13.1 g/t silver
5.0 metres of 8.63 g/t gold and 3.5 g/t silver
2011-2012 Definition Drill Program
The 2011-12 definition 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. Highlights include:
The drilling program 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. The mineralized zones remain open along strike in both directions and at depth.
San Albino-Arras Definition Drill Program (Update)
The 2011-12 definition drill program is designed to further extend the mineralized area first outlined in 2010, refine the geological model, and obtain sufficient data to calculate a NI 43-101 compliant mineral resource for the San Albino Mine area.
After several very encouraging drill holes, the Company redesigned and significantly expanded the program - more than doubling the scope of the program. Initially planned to consist 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, the Company now anticipates that the program will comprise a minimum of 20,000 metres cored in approximately 140 drill holes across a series of six fences of drill holes. To date, over 14,500 metres have been cored. The Company now expects to release a NI 43-101compliant resource calculation in the first half of 2012.
May 07, 2012 - Golden Reign Completes Early Earn-In of 80% Interest in Flagship San Albino-Murra Gold Property, Nic... (more...)
Apr 04, 2012 - Golden Reign Discovers Western Extension of San Albino Zone (more...)
Mar 21, 2012 - Las Conchitas Sampling Program Results (more...)
