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Golden Reign Obtains Environmental Permit for San Albino-Murra Gold Property
Published : November 07, 2012
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Keywords :   Gold | Nicaragua | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2012) - Golden Reign Resources Ltd. (News - Market indicators) (the "Company" or "Golden Reign") is very pleased to announce that it has received approval of its Environmental Impact Study (EIS) for its flagship San Albino-Murra Gold Property (the "Property"), Nicaragua.

Under the EIS, Golden Reign applied for and is now authorized to continue exploration and development activities, inclusive of up to:

  • 25,000 metres (25 kilometres) of trenching; and,
  • 150,000 metres of drilling.

The Company plans to continue its progressive exploration of the Property, with a view to delineating potential gold and silver resources and expanding the San Albino/Arras resource presently being assessed by an independent engineering firm.

San Albino-Murra Property

Over the past two years, aggressive exploration programs conducted by the Company - including regional geological mapping, trenching, geochemical surveys and drilling - have resulted in the discovery of the Corona de Oro Gold Belt. A structural corridor approximately 3 kilometres wide by 25 kilometres long that stretches from the El Jicaro Concession in the south to the north-eastern boundaries of the San Albino-Murra Property, the Corona de Oro Gold Belt hosts over 170 quartz vein structures, 112 adits, 148 mine dumps and 354 exploration pits.

On behalf of the Board,

Kim Evans, CGA, President & CEO

About Golden Reign:

Golden Reign Resources Ltd. is a publicly listed (News - Market indicators) 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 and SEDAR

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.

Golden Reign Resources Ltd.
Kim Evans, CGA
President & CEO
(604) 685-4655 or Toll Free: 1-888-685-4655
(604) 685-4675 (FAX)
Companies Mentionned : Golden Reign |
Data and Statistics for these countries : Nicaragua | All
Gold and Silver Prices for these countries : Nicaragua | All

Golden Reign Resources Ltd

ISIN : CA38116E1007
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Golden Reign is an exploration gold 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$ 9.9 millions as of today (US$ 7.7 millions, € 6.7 millions).

Its stock quote reached its highest recent level on November 23, 2012 at CA$ 0.65, and its lowest recent point on December 24, 2014 at CA$ 0.05.

Golden Reign has 116 490 000 shares outstanding.

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Corporate Presentations of Golden Reign Resources Ltd
10/2/2007Larry Myles Reports: Two New Properties in Premier Russian ...
Financings of Golden Reign Resources Ltd
8/22/2013Announces Proposed Re-Pricing of Warrants
6/4/2013.: Oversubscribed Private Placement Closed
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4/1/2011Signs Investor Relations Agreement
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9/11/2013Drills 21.3 Metres Grading 7.20 g/t Gold and 14.2 g/t Silver...
7/12/2011(San Albino - Murra Gold).: Second Drill Rig in Operation, Update on Drilling at San ...
5/25/2011(San Albino - Murra Gold).: New Gold Zone Extended to 600 Metres Along Strike, Return...
5/18/2011(San Albino - Murra Gold).: Update on Drilling at San Albino
3/24/2011(San Albino - Murra Gold).: Continuity of Mina Estrella Vein Confirmed by Trenching
3/9/2011(San Albino - Murra Gold)Corporate Disclosure
12/9/2010(San Albino - Murra Gold)Intersects 1.15 metres of 31.15 g/t Gold and 83.6 g/t Silver...
11/22/2010(San Albino - Murra Gold)Intersects 3.83 Metres of 24.98 g/t Gold and 17.65 g/t Silve...
10/20/2010(San Albino - Murra Gold)San Albino Diamond Drill Program Yields 2 Metres of 29.32 g/...
10/20/2010(San Albino - Murra Gold).: San Albino Diamond Drill Program Yields 2 Metres of 29.32...
Corporate news of Golden Reign Resources Ltd
3/27/2014Golden Reign Recovers 91% Of Gold In Metallurgical Tests Of ...
10/8/2013Trenching Doubles Arras Zone Strike Length, Intersects High-...
9/19/2013discovers additional high grade gold at San Albino deposit
6/11/2013.: Metallurgical Testing Returns High Gravity-Flotation Reco...
5/16/2013Initial Metallurgical Testing Returns High Gravity Recoverie...
3/26/2013Announces Adoption of Advance Notice Policy for Future Share...
3/21/2013.: Las Dolores Trenching Returns 21.00 g/t Gold and 21.9 g/t...
2/20/2013.: Drilling Restarts at the San Albino Gold Deposit
2/5/2013.: Trenching Returns 18.0 Metres of 3.40 g/t Gold and 7.0 g/...
1/24/2013.: Massive Sulphide Mineralization Discovered at San Pablo, ...
1/14/2013.: Southern District Trenching Program Update
1/7/2013Files NI 43-101 Technical Report and Resource Estimate on th...
11/20/2012Outlines High-Grade Initial Resource of 95,000 Indicated Gol...
11/7/2012Obtains Environmental Permit for San Albino-Murra Gold Prope...
10/31/2012Acquires Remaining 20% Interest in San Albino-Murra Gold Pro...
9/24/2012.: Underground Sampling at Mina Francisco Returns 13.04 g/t ...
9/17/2012.: Regional Trenching Program Overview-Southern District
9/10/2012.: Regional Trenching Program Underway at San Albino-Murra C...
10/20/2011Third Drill Rig Active At Las Conchitas, Trenching Intersect...
5/2/2011.: Second Gold Zone Discovered in Southern District-Trenchin...
4/21/2011.: Second Drill Contracted, San Albino Mine Re-Opened
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