Golden Reign Resources Ltd. (TSX-V: GRR) (the �Company� or �Golden Reign�) is very pleased to announce further trenching results from its San Albino Gold Deposit, located in the Southern District of its San Albino-Murra Gold Property (the �Property�), Nueva Segovia, Nicaragua. This work is part of the current program to increase open-pittable resources at the San Albino Gold Deposit.
Trenching of the Arras Zone has successfully confirmed the continuation of near-surface high-grade, open-pittable material. Excavation of additional trenches has doubled the surface exposure of the Arras Zone from 130 metres to over 260 metres. The average depth of the trenches is 1.8 metres, with the mineralization intersected at a depth of 1.0 to 1.5 metres. The Arras Zone is one of three zones comprising the Company�s NI 43-101 compliant San Albino Gold Deposit resource estimate (�NI 43-101�).
Excellent results were received from four trenches - AR13-TR-6, AR13-TR-12, AR13-TR-13 and AR13-TR-15 - that trace the northeast extension of the Arras Zone in an area previously untested by trenching or drilling. Exploration pits excavated at three trenches � AR13-TR-6, AR13-TR-12 and AR13-TR-13 � also intersected extremely high-grade material, including 70.94 g/t (2.06 oz/ton) gold and 196.0 g/t (5.7 oz/ton) silver over 2.0 metres. The Arras Zone remains open to the northeast.
Trench AR13-TR-7, located to the south, intersected a highly mineralized Arras Zone over true-width intervals ranging from 1.4 to 4.0 metres. An exploration pit excavated at this trench exposed some exceptionally high-grade material, including 103.06 g/t (3 oz/ton) gold and 123.4 g/t (3.6 oz/ton) silver over 3.3 metres of true-width.
Management is extremely encouraged by the continued high-grade trenching and exploration pit results which will increase open-pittable resources at the San Albino Gold Deposit.
Highlights from 2013 exploration pits include:
- AR13-TR-6 3.88 g/t gold and 11.9 g/t silver over 6.0 metres
and 2.44 g/t gold and 9.4 g/t silver over 5.0 metres
- AR13-TR-7 103.06 g/t gold and 123.4 g/t silver over 3.3 metres
and 49.68 g/t gold and 78.0 g/t silver over 1.5 metres
and 42.68 g/t gold and 80.0 g/t silver over 3.8 metres
and 31.20 g/t gold and 77.9 g/t silver over 4.0 metres
and 31.18 g/t gold and 59.6 g/t silver over 4.0 metres
and 28.32 g/t gold and 27.6 g/t silver over 3.4 metres
and 24.64 g/t gold and 20.0 g/t silver over 3.4 metres
and 21.38 g/t gold and 47.8 g/t silver over 3.2 metres
and 20.53 g/t gold and 33.1 g/t silver over 8.0 metres
and 14.36 g/t gold and 20.5 g/t silver over 6.0 metres
- AR13-TR-12 22.81 g/t gold and 22.1 g/t silver over 1.4 metres
and 18.21 g/t gold and 63.3 g/t silver over 3.8 metres
and 17.13 g/t gold and 44.3 g/t silver over 3.7 metres
and 6.65 g/t gold and 30.1 g/t silver over 2.8 metres
and 3.14 g/t gold and 15.8 g/t silver over 10.0 metres
- AR13-TR-13 70.94 g/t gold and 194.0 g/t silver over 2.0 metres
and 69.95 g/t gold and 98.9 g/t silver over 2.0 metres
and 54.44 g/t gold and 86.4 g/t silver over 4.0 metres
and 52.43 g/t gold and 170.0 g/t silver over 1.7 metres
and 31.10 g/t gold and 175.0 g/t silver over 1.8 metres
and 29.56 g/t gold and 56.2 g/t silver over 1.5 metres
and 19.22 g/t gold and 36.9 g/t silver over 4.0 metres
and 8.60 g/t gold and 14.9 g/t silver over 10.0 metres
Highlights from 2013 trenching include:
- AR13-TR-6 23.49 g/t gold and 33.5 g/t silver over 4.0 metres
including 43.60 g/t gold and 62.6 g/t silver over 2.0 metres
- AR13-TR-7 39.68 g/t gold and 47.2 g/t silver over 1.6 metres
and 24.62 g/t gold and 29.6 g/t silver over 4.0 metres
and 20.28 g/t gold and 20.2 g/t silver over 2.9 metres
and 18.31 g/t gold and 44.0 g/t silver over 9.0 metres
and 14.74 g/t gold and 22.0 g/t silver over 9.0 metres
and 13.46 g/t gold and 17.1 g/t silver over 3.2 metres
and 13.22 g/t gold and 22.0 g/t silver over 2.8 metres
and 10.65 g/t gold and 23.2 g/t silver over 4.0 metres
and 6.53 g/t gold and 14.0 g/t silver over 6.0 metres
- AR13-TR-12 14.67 g/t gold and 25.5 g/t silver over 2.0 metres
and 4.34 g/t gold and 7.5 g/t silver over 4.0 metres
- AR13-TR-13 13.40 g/t gold and 5.5 g/t silver over 2.0 metres
- AR13-TR-15 6.29 g/t gold and 6.6 g/t silver over 6.0 metres
For comprehensive results from trenching and exploration pits please visit: www.tickertapereport.com
Results from the current program will be included in an updated NI 43-101 planned for Winter 2013.
Qualified Person
David Reid, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release.
On behalf of the Board,
�Kim Evans�
Kim Evans, CGA
President & CEO
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.
For comprehensive results from trenching and exploration pits please visit: www.tickertapereport.com