Thu Oct 20, 2011
News Release � #11-21
Golden Reign Resources Ltd. (the �Company� or �Golden Reign�)(TSX-V: GRR) is pleased to report that the third drill rig is now in operation at the Company�s San Albino-Murra Property (the �Property�), Nicaragua.
Approximately 3,000 metres will be cored in an initial six drill holes to test the San Pablo and Las Conchitas areas of the Southern (San Albino) District. The program represents the first drilling initiative for these areas, where on-going trenching has outlined numerous drill targets including at least four highly prospective mineralized zones. Mineralized zones are structurally controlled, containing a system of parallel, quartz veins ranging from 1 to 8 metres in true width. Trenching was oriented perpendicular to the mineralized zones, which have been traced at surface over a distance of two kilometres and remain open in at least two directions and at depth. (see map)
Read more:
http://prospectingjournal.com/golden_reign_third_drill_results/
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Golden Reign Resources Ltd
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EXPLORATION STAGE |
CODE : GRR.V |
ISIN : CA38116E1007 |
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Golden Reign is a gold exploration company based in Canada. Its main exploration property is SAN ALBINO - MURRA GOLD in Nicaragua. Golden Reign is listed in Canada. Its market capitalisation is CA$ 36.7 millions as of today (US$ 27.8 millions, € 24.7 millions). Its stock quote reached its lowest recent point on December 19, 2008 at CA$ 0.01, and its highest recent level on July 22, 2011 at CA$ 1.45. Golden Reign has 183 540 000 shares outstanding. |