Golden Reign Resources Ltd GRR:CA announced drill results from its San Albino-Murra Gold Property in Nicaragua. Assay highlights include 7.38 g/t gold and 144.35 g/t silver over 4 metres, 29.32 g/t gold and 17.15 silver over 2 metres (including 54.64 g/t gold over 1 metre), 10.75 g/t gold and 17.54 g/t silver over 2.13 metres.
Under the terms of an option agreement with Nicoz Resources S.A., Golden Reign may acquire an 80% interest in the San Albino-Murra Property over a four year period. A potential open-pittable resource estimate of 76,000 to 78,000 ounces of contained gold was calculated for the property at a cut-off grade of 0.5 to 1.0 g/t.
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by Ted Niles