Golden Reign Resources Ltd.: Trenching Returns 18.0 Metres of 3.40 g/t Gold and 7.0 g/t Silver in Phyllites; Second Discovery of Massive Sulphide Mineralization
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/05/13 -- Golden Reign Resources Ltd. (TSX VENTURE: GRR) (the "Company" or "Golden Reign") is pleased to provide additional results from the Intermediate Area in the Southern District of its San Albino-Murra Property (the "Property") located in Nueva Segovia, Nicaragua.
The Intermediate Area has a strike length of 1,000 metres and is located approximately 2 kilometres south of the Company's San Albino Gold Deposit and 500 metres south of the San Pablo Area, for which trenching and exploration pit results were released on January 24, 2012. Golden Reign plans to conduct additional work, with the aim of geologically connecting the San Pablo and Intermediate areas.
Continued exploration of the Intermediate Area in 2012 included the excavation of two exploration pits. This work was a follow-up to the comprehensive trenching program completed in 2011 that consisted of 13 trenches across 417 metres.
Intermediate Area Exploration Findings include:
-- High-grade, near-surface quartz vein structure traced strike length of
1,000 metres, open in both directions and down-dip
-- Second discovery of heavily mineralized sulphide masses (bodies)
intercalcated with quartz veins, with the first situated only 500 metres
to the north in the San Pablo Area
-- High-grade gold mineralization is distributed in the country rock, not
restricted solely to the mineralized quartz veins
Intermediate Area Exploration Results include:
-- High-grade, near-surface mineralization includes 5.3 metres of 48.28 g/t
gold and 21.0 g/t silver intersected in trench LC11-TR-10, which
includes 2.0 metres of 118.91 g/t gold and 40.2 g/t silver
-- 5 samples from mineralized sulphide masses within exploration pit EP-
INT11-TR-03 returned an average of 15.93 g/t gold and 20.3 g/t silver
over a true thickness of 1.8 metres
-- Continuous sampling of the host rock (phyllites) in trenches returned
high-grade gold mineralization:
-- LC11-TR-26 returned 18.0 metres of 3.40 g/t gold and 7.0 g/t silver
-- LC11-TR-15 returned 2.0 metres (vertical sample) of 62.96 g/t gold
and 19.2 g/t silver
Intermediate Exploration Pits
In 2012, two exploration pits (see Table 1 below and attached map) were excavated to expose the mineralized veins intersected by trenching along strike and down dip in trenches INT11-TR-03 and LC11-TR-10. Pit samples collected along the strike and dip of the veins returned values ranging from 0.26 g/t to 30.88 g/t gold and 1.53 g/t to 122.40 g/t gold for pits EP-INT11-TR-03 and EP-LC11-TR-10, respectively.
Golden Reign also tested the true thickness of the veins, which returned 1.80 metres averaging 15.93 g/t gold and 1.62 metres averaging 2.52 g/t gold for trenches INT11-TR-03 and LC11-TR-10, respectively.
The exploration pit at INT11-TR-03 exposed a structurally controlled, heavily mineralized sulphide mass (body) intercalated with quartz veins with similar mineralization. This marks the second discovery of mineralized sulphide masses; the prior discovery was at exploration pit SP11-TR-02 within the San Pablo Zone, situated 500 metres north. The sulphide masses in both areas carry significant gold values and are very similar in style of mineralization. Additional exploration work will be conducted to test the Company's theory that these are conjoined and represent one continuous heavily mineralized sulphide mass system.
Exploration pit EP-LC11-TR-10, representing the southwest extension of the Intermediate Area, exposed the true thickness of the highly mineralized vein averaging 1.62 metre of 2.52 g/t Au and 6.0 g/t Ag. Systematic sampling along the strike and dip of the vein returned extremely high gold and silver values ranging from 1.53 to 122.40 g/t Au and 2.9 to greater than 100 g/t Ag. A bulk sample will be collected to more accurately evaluate the grade of this target. Only one sample was collected from the surrounding country rock (phyllites), which returned 0.12 g/t Au and 1.1 g/t Ag.
Trenching
Trenching has outlined 4 parallel NE/SW trending structurally controlled mineralized zones (see attached map) ranging from 300 to 1,500 metres in length, located approximately 1.5 kilometres south of the San Albino Gold Deposit and covering a 2.5 square kilometre area.
The Intermediate Area, outlined by 13 trenches, has been traced at surface over a strike length of approximately 1 kilometre, remaining open along strike in both directions and down-dip. A total of 353 samples were collected from 13 trenches (see Table 2 below) spaced approximately 50 metres apart (see news releases dated April 12, 2011, May 25, 2011 and October 20, 2011). Two trenches (LC11-TR-27 and LC11-TR-28) were not deep enough to expose the vein. A further two trenches were completed at and near Mina Francisco (see news release dated September 24, 2012), which appears to represent the northeast extension of the zone, with the best intervals returning:
- SAM-12-TR-07 8.0 metres of 4.28 g/t gold and 12.6 g/t silver,
comprised of 4.0 metres of 3.29 g/t gold and 18.0 g/t silver from
quartz vein, and
4.0 metres of 5.28 g/t gold and 7.3 g/t silver from host
rock (phyllites)
- SAM-12-TR-08 1.0 metre of 4.52 g/t gold and 11.1 g/t silver from
quartz vein, and
2.0 metres of 7.44 g/t gold and 6.5 g/t silver from host
rock (phyllites)
The near-surface Mina Francisco has now been exposed for 12 metres in strike length and 7 metres down-dip at a depth of only 5 metres from surface. Underground sampling, also completed in 2012, returned an average thickness of 1.56 metres grading 13.04 g/t gold and 22.7 g/t silver, including:
- 2.0 metres of 33.35 g/t gold and 42.8 g/t silver
- 2.0 metres of 26.45 g/t gold and 30.7 g/t silver
- 2.0 metres of 23.87 g/t gold and 40.8 g/t silver
Highlights from trenching completed to date include:
- INT11-TR-01 8.2 metres (from 9.0 m to 17.2 m) averaging 20.64 g/t
gold and 26.87 g/t silver
including 5.2 metres (from 9.0 m to 14.2 m) averaging 28.69 g/t
gold and 38.8 g/t silver
- INT11-TR-02 8.0 metres (from 13.0 m to 21.0 m) averaging 4.37 g/t
gold, minor silver
including 3.0 metres (from 18.0 m to 21.0 m) averaging 8.83 g/t
gold, minor silver
and 5.0 metres (from 30.0 m to 35.0 m) averaging 9.44 g/t
gold and 9.9 g/t silver
and 1.0 metre (from 37.0 to 38.0 m) averaging 32.87 g/t gold
and 51.5 g/t silver
- INT11-TR-03 12.8 metres (from 7.0 m to 19.8 m) averaging 16.05 g/t
gold and 9.9 g/t silver
including 3.0 metres (from 11.0 m to 14.0 m) averaging 40.97 g/t
gold and 23.7 g/t silver
and 1.8 metres (from 17.0 m to 18.8 m) averaging 42.33 g/t
gold and 15.9 g/t silver
- INT11-TR-04 1.0 metre (from 4.0 m to 5.0 m) averaging 4.52 g/t gold,
minor silver
and 2.0 metres (from 19.0 m to 21.0 m) averaging 3.11 g/t
gold and 9.1 g/t silver
- LC11-TR-10 5.3 metres averaging 48.28 g/t gold and 20.98 g/t silver
including 2.0 metres averaging 118.91 g/t gold and 40.20 g/t
silver
- LC11-TR-14 1.0 metre of 2.25 g/t gold and minor silver
and 1.0 metre of 0.88 g/t gold and minor silver
- LC11-TR-15 1.0 metre of 2.00 g/t gold and minor silver
and 1.0 metre of 2.47 g/t gold and 1.20 g/t silver
- LC11-TR-16 8.4 metres of 6.53 g/t gold and 6.9 g/t silver
including 3.0 metres of 14.44 g/t gold and 13.1 g/t silver
Comprehensive and detailed sampling of the country rock (phyllites) has been completed. The significant finding is that gold mineralization is distributed in the host rock containing quartz veinlets, occasionally represented as a quartz stockwork or breccia, and is not restricted solely to the mineralized quartz veins, as previously believed. Previously unreleased results from trench LC11-TR-26, as example, returned 18.0 metres averaging 3.40 g/t gold and 7.0 g/t silver in the country rock.
Other highlights from trenching completed in country rock:
- INT11-TR-01 2.0 metres averaging 26.89 g/t gold and 35.7 g/t silver
and 2.0 metres averaging 9.76 g/t gold and 8.95 g/t silver
- INT11-TR-02 9.0 metres averaging 4.16 g/t gold and 4.4 g /t silver
- INT11-TR-03 4.0 metres averaging 2.70 g/t gold and 1.5 g/t silver
and 2.0 metres averaging 10.76 g/t gold and 12.5 g/t silver
vertical samples returned gold values in a range from
1.02 to 3.15 g/t gold
- INT11-TR-04 1.0 metre averaging 4.52 g/t gold and 0.9 g/t silver
- LC11-TR-15 vertical sample returned 2.0 metres of 62.96 g/t gold
and 19.2 g/t silver
and vertical sample returned 2.0 metres of 3.53 g/t gold and
7.8 g/t silver
- LC11-TR-16: 1.0 metres of 3.16 g/t gold and 4.1 g/t silver
five vertical samples, 1.0 metre wide, each averaging
7.49 g/t gold and 6.9 g/t silver
---------------------------------------------------------------------------
Table 1 - 2012 EXPLORATION PIT SAMPLES
---------------------------------------------------------------------------
Sample Width Sample Au Ag
Exploration Pit # (m) type Rock type (g/t) (g/t)
---------------------------------------------------------------------------
EP-INT11-TR-03 174109 1.00 Dip Heavy sulphide 21.18 22.4
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174110 1.00 Dip Heavy sulphide 20.06 34.3
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174111 1.00 Dip Heavy sulphide 17.77 42.6
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174112 1.00 Dip Heavy sulphide 0.31 0.5
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174113 1.00 Dip Heavy sulphide 0.26 1.0
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174114 1.00 Dip Heavy sulphide 13.97 10.0
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174115 1.00 Dip Heavy sulphide 20.50 22.9
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174116 1.00 Dip Heavy sulphide 6.22 11.3
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174117 1.50 Dip Heavy sulphide 8.08 10.2
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174118 2.00 True Heavy sulphide 9.34 14.6
Thickness mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174119 2.00 True Heavy sulphide 22.34 22.2
Thickness mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174120 2.00 True Heavy sulphide 14.92 20.5
Thickness mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174122 1.50 True Heavy sulphide 0.90 4.3
Thickness mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174123 1.50 True Heavy sulphide 32.52 41.1
Thickness mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174124 1.50 Strike Heavy sulphide 4.28 2.3
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174125 1.50 Strike Heavy sulphide 16.38 18.3
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174126 2.00 Strike Heavy sulphide 11.48 4.7
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174127 2.00 Strike Heavy sulphide 15.30 17.2
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174128 2.00 Strike Heavy sulphide 5.71 21.0
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174129 2.00 Strike Heavy sulphide 30.88 29.5
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174130 1.5 Strike Heavy sulphide 11.83 21.8
mineralized quartz
vein
---------------------------------------------------------------------------
EP-INT11-TR-03 174131 1.5 Strike Heavy sulphide 15.57 17.7
mineralized quartz
vein
---------------------------------------------------------------------------
EP-LC11-TR-10 72738 1.00 Dip Phyllites 0.12 1.1
---------------------------------------------------------------------------
EP-LC11-TR-10 72739 1.00 Dip Qtz vein with 57.30 36.5
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
EP-LC11-TR-10 72740 1.00 Dip Qtz vein with 90.50 58.5
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
EP-LC11-TR-10 72741 1.50 Dip Qtz vein with 4.53 15.4
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
EP-LC11-TR-10 72742 1.50 True Qtz vein with 2.47 10.9
Thickness sulphides, galena,
aspy, py
---------------------------------------------------------------------------
EP-LC11-TR-10 72743 1.70 True Qtz vein with 2.12 4.7
Thickness sulphides, galena,
aspy, py
---------------------------------------------------------------------------
EP-LC11-TR-10 72744 1.70 True Qtz vein with 3.00 4.2
Thickness sulphides, galena,
aspy, py
---------------------------------------------------------------------------
EP-LC11-TR-10 72745 2.00 True Qtz vein with 2.50 4.5
Thickness sulphides, galena,
aspy, py
---------------------------------------------------------------------------
EP-LC11-TR-10 72746 1.20 True Qtz vein with 2.53 6.9
Thickness sulphides, galena,
aspy, py
---------------------------------------------------------------------------
EP-LC11-TR-10 72747 2.00 Strike Qtz vein with 1.53 2.9
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
EP-LC11-TR-10 72748 1.60 Strike Qtz vein with 14.10 11.4
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
EP-LC11-TR-10 72749 1.50 Strike Qtz vein with 3.45 11.4
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
EP-LC11-TR-10 72750 1.20 Strike Qtz vein with 122.40 greater
sulphides, galena, than
aspy, py 100.0
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Table 2 - 2011-2012 INTERMEDIATE TRENCH RESULTS
---------------------------------------------------------------------------
Sample Width Sample Au Ag
Trench # # (m) type Rock type (g/t) (g/t)
---------------------------------------------------------------------------
INT11-TR-01 173124 1.00 Floor Weathered 1.00 0.9
phyllites with qtz
lences
---------------------------------------------------------------------------
INT11-TR-01 173133 0.60 Floor Qtz vein with 22.08 29.5
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-01 173134 0.60 Floor Qtz vein with 12.35 14.1
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-01 173135 1.00 Floor Qtz vein with 47.90 67.6
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-01 173136 1.00 Floor Qtz vein with 26.84 36.6
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-01 173139 1.00 Floor Weathered 28.16 41.0
phyllites with qtz
fragments
---------------------------------------------------------------------------
INT11-TR-01 173140 1.00 Floor Weathered 25.62 30.4
phyllites with qtz
fragments
---------------------------------------------------------------------------
INT11-TR-01 173142 1.00 Floor Weathered 11.15 10.0
phyllites with qtz
fragments
---------------------------------------------------------------------------
INT11-TR-01 173143 1.00 Floor Weathered 8.36 7.9
phyllites with qtz
fragments
---------------------------------------------------------------------------
INT11-TR-01 173148 1.00 Vertical Weathered 2.12 3.8
phyllites with qtz
fragments
---------------------------------------------------------------------------
INT11-TR-01 172471 1.00 Vertical Weathered 21.39 54.6
phyllites with qtz
fragments
---------------------------------------------------------------------------
INT11-TR-01 172472 0.60 Vertical Weathered 1.45 3.4
phyllites with qtz
fragments
---------------------------------------------------------------------------
INT11-TR-01 172473 1.00 Vertical Weathered 7.03 7.6
phyllites with qtz
fragments
---------------------------------------------------------------------------
INT11-TR-02 172489 1.00 Floor Soil with qtz 2.18 3.4
bolders
---------------------------------------------------------------------------
INT11-TR-02 172490 1.00 Floor Soil with qtz 2.94 0.3
bolders
---------------------------------------------------------------------------
INT11-TR-02 172491 1.00 Floor Soil with qtz 1.02 1.0
bolders
---------------------------------------------------------------------------
INT11-TR-02 172492 1.00 Floor Phyllites with qtz 1.20 1.2
veinlets
---------------------------------------------------------------------------
INT11-TR-02 172493 1.00 Floor Phyllites with qtz 1.13 1.3
veinlets
---------------------------------------------------------------------------
INT11-TR-02 172494 1.00 Floor Phyllites with qtz 13.01 8.2
veinlets
---------------------------------------------------------------------------
INT11-TR-02 172495 1.00 Floor Phyllites with qtz 7.54 6.7
veinlets
---------------------------------------------------------------------------
INT11-TR-02 172496 1.00 Floor Phyllites with qtz 5.95 15.8
veinlets
---------------------------------------------------------------------------
INT11-TR-02 172506 1.00 Floor Phyllites with qtz 2.43 1.3
veinlets
---------------------------------------------------------------------------
INT11-TR-02 172507 1.00 Floor Qtz vein with 4.30 5.5
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-02 172508 1.00 Floor Qtz vein with 16.03 13.1
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-02 172509 1.00 Floor Qtz vein with 13.98 11.8
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-02 172510 1.00 Floor Qtz vein with 10.46 9.2
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-02 172511 1.00 Strike Qtz vein with 17.11 19.7
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-02 172512 1.00 Strike Qtz vein with 11.98 15.3
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-02 172513 1.00 Strike Qtz vein with 29.68 19.5
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-02 172517 1.00 Floor Qtz vein with 32.87 51.5
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-02 172518 1.00 Vertical Phyllites with qtz 3.99 2.9
veinlets
---------------------------------------------------------------------------
INT11-TR-02 172519 1.00 Vertical Phyllites with qtz 2.81 6.4
veinlets
---------------------------------------------------------------------------
INT11-TR-03 172524 1.00 Floor Soil with qtz 1.06 3.8
bolders
---------------------------------------------------------------------------
INT11-TR-03 172531 1.00 Floor Phyllites with qtz 5.78 2.7
veinlets
---------------------------------------------------------------------------
INT11-TR-03 172532 1.00 Floor Phyllites with qtz 1.47 1.1
veinlets
---------------------------------------------------------------------------
INT11-TR-03 172533 1.00 Floor Phyllites with qtz 2.45 1.1
veinlets
---------------------------------------------------------------------------
INT11-TR-03 172534 1.00 Floor Phyllites with qtz 1.10 1.0
veinlets
---------------------------------------------------------------------------
INT11-TR-03 172535 1.00 Floor Qtz vein with 17.33 9.7
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-03 172536 1.00 Floor Qtz vein with 89.79 41.2
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-03 172537 1.00 Floor Qtz vein with 15.78 20.2
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-03 172538 1.00 Floor Qtz vein with 2.76 3.5
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-03 172539 1.00 Floor Qtz vein with 1.00 1.6
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-03 172540 1.00 Floor Phyllites with qtz 1.58 3.5
veinlets
---------------------------------------------------------------------------
INT11-TR-03 172541 1.00 Floor Phyllites with qtz 19.93 21.5
veinlets
---------------------------------------------------------------------------
INT11-TR-03 172542 1.00 Floor Qtz vein with 56.26 19.9
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-03 172543 1.00 Floor Qtz vein with 1.52 3.6
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-03 172547 1.00 Strike Qtz vein with 31.03 32.7
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-03 172548 1.00 Strike Qtz vein with 42.35 less
sulphides, galena, than 0.1
aspy, py
---------------------------------------------------------------------------
INT11-TR-03 172549 1.00 Strike Qtz vein with 2.08 12.3
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-03 172550 1.00 Strike Qtz vein with 5.38 4.4
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-03 172552 1.00 Vertical Qtz vein with 5.35 5.1
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-03 172553 0.50 Vertical Phyllites with qtz 3.15 5.1
veinlets
---------------------------------------------------------------------------
INT11-TR-03 172554 1.00 Vertical Phyllites with qtz 1.77 1.1
veinlets
---------------------------------------------------------------------------
INT11-TR-03 172555 0.50 Vertical Phyllites with qtz 1.06 1.5
veinlets
---------------------------------------------------------------------------
INT11-TR-03 172558 1.50 Vertical Phyllites with qtz 1.02 0.6
veinlets
---------------------------------------------------------------------------
INT11-TR-04 172565 1.00 Floor Phyllites with qtz 4.52 0.9
veinlets
---------------------------------------------------------------------------
INT11-TR-04 172580 1.00 Floor Qtz vein with 2.39 1.8
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-04 172581 1.00 Floor Qtz vein with 3.82 16.3
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-04 172586 1.00 Strike Qtz vein with 2.02 6.5
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
INT11-TR-04 172587 1.00 Strike Qtz vein with 2.66 4.5
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-10 59610 1.00 Floor Qtz vein with 3.47 15.6
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-10 59611 1.00 Floor Qtz vein with 4.16 4.0
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-10 59612 1.00 Floor Qtz vein with 106.42 15.9
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-10 59613 1.00 Floor Qtz vein with 131.39 64.5
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-10 59614 1.3 Floor Qtz vein with 8.04 8.6
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-10 59615 1.00 Strike Qtz vein with 8.10 4.7
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-10 59616 1.00 Strike Qtz vein with 1.99 5.5
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-10 59617 1.00 Strike Qtz vein with 98.92 66.4
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-14 59627 1.00 Floor Qtz vein with 2.25 0.3
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-15 59665 1.00 Floor Qtz vein with 2.00 less
sulphides, galena, than 0.1
aspy, py
---------------------------------------------------------------------------
LC11-TR-15 59666 1.00 Floor Qtz vein with 2.47 1.2
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-15 13 2.00 Vertical Phyllites with qtz 62.96 19.2
veinlets
---------------------------------------------------------------------------
LC11-TR-15 21 2.00 Vertical Phyllites with qtz 3.53 7.8
veinlets
---------------------------------------------------------------------------
LC11-TR-16 176149 1.00 Floor Phyllites with qtz 2.93 4.9
veinlets
---------------------------------------------------------------------------
LC11-TR-16 176150 1.00 Floor Qtz vein with 3.16 4.1
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-16 176151 1.00 Floor Qtz vein with 13.55 9.4
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-16 176152 1.00 Floor Qtz vein with 16.52 21.9
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-16 176153 1.00 Floor Qtz vein with 13.24 7.9
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-16 176155 1.00 Floor Phyllites with qtz 1.66 4.2
veinlets
---------------------------------------------------------------------------
LC11-TR-16 176156 1.40 Floor Qtz vein with 2.48 3.4
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-16 176176 1.00 vertical Phyllites with qtz 2.37 5.7
veinlets
---------------------------------------------------------------------------
LC11-TR-16 176178 1.00 vertical Phyllites with qtz 6.30 6.2
veinlets
---------------------------------------------------------------------------
LC11-TR-16 176179 1.00 vertical Phyllites with qtz 10.82 5.6
veinlets
---------------------------------------------------------------------------
LC11-TR-16 176180 1.00 vertical Phyllites with qtz 8.42 6.4
veinlets
---------------------------------------------------------------------------
LC11-TR-16 176181 1.00 vertical Phyllites with qtz 9.56 10.6
veinlets
---------------------------------------------------------------------------
LC11-TR-16 176185 1.00 Strike Qtz vein with 41.57 47.5
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-16 176186 1.00 Strike Qtz vein with 4.30 8.6
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-16 176187 1.00 Strike Qtz vein with 6.25 5.9
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-26 176220 1.00 Floor Qtz vein with 1.99 0.6
sulphides, galena,
aspy, py
---------------------------------------------------------------------------
LC11-TR-26 176232 2.00 Floor Weathered 1.92 26.3
phyllites with qtz
fragments
---------------------------------------------------------------------------
LC11-TR-26 176233 2.00 Floor Weathered 1.58 3.5
phyllites with qtz
fragments
---------------------------------------------------------------------------
LC11-TR-26 176234 2.00 Floor Weathered 2.97 1.4
phyllites with qtz
fragments
---------------------------------------------------------------------------
LC11-TR-26 176235 2.00 Floor Weathered 7.07 0.55
phyllites with qtz
fragments
---------------------------------------------------------------------------
LC11-TR-26 176236 2.00 Floor Weathered 1.78 4.3
phyllites with qtz
fragments
---------------------------------------------------------------------------
LC11-TR-26 176237 2.00 Floor Weathered 2.14 4.6
phyllites with qtz
fragments
---------------------------------------------------------------------------
LC11-TR-26 176238 2.00 Floor Weathered 2.53 3.8
phyllites with qtz
fragments
---------------------------------------------------------------------------
LC11-TR-26 176239 1.00 Floor Weathered 1.61 3.6
phyllites with qtz
fragments
---------------------------------------------------------------------------
LC11-TR-26 176240 1.00 Floor Weathered 13.13 15.6
phyllites with qtz
fragments
---------------------------------------------------------------------------
LC11-TR-26 176241 1.00 Floor Weathered 1.41 5.3
phyllites with qtz
fragments
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LC11-TR-26 176242 1.00 Floor Weathered 5.03 12.9
phyllites with qtz
fragments
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Note: Table 2 provides assay results for samples grading 1.0 g/t gold or
greater.
To view the map accompanying this press release please click on the following link: http://media3.marketwire.com/docs/GRR0205.pdf
Qualified Person
John M. Kowalchuk, P.Geo, a geologist and Company qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release on behalf of the Company.
On behalf of the Board,
Kim Evans, CGA, President & CEO
About Golden Reign:
Golden Reign Resources Ltd. is a publicly listed (TSX VENTURE: GRR) mineral exploration company engaged in exploring the San Albino-Murra Property and the El Jicaro Property, both of which are located in Nueva Segovia, Nicaragua.
The Company's land package comprises 13,771 hectares (138 km2) of highly prospective ground. Hundreds of historical mines and workings exist within the Corona de Oro Gold Belt, which is approximately 3 kilometres wide by 20 kilometres long and spans the entirety of the Company's land package.
For additional information please visit our website at www.goldenreign.com and SEDAR www.sedar.com.
Forward-Looking Statements: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Such forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of mineral properties interests, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties. Such information contained herein represents management's best judgment as of the date hereof, based on information currently available.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Golden Reign Resources Ltd.
Kim Evans, CGA
President & CEO
(604) 685-4655 or Toll Free: 1-888-685-4655
(604) 685-4675 (FAX)
www.goldenreign.com
