Drilling Returns 3.0 Metres of 38.38 G/T Gold & 43.6 G/T Silver at West Pit of San Albino Gold Deposit

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[{"type":"text","content":"Drilling Returns 3.0 Metres of 38.38 G/T Gold & 43.6 G/T Silver at West Pit of San Albino Gold Deposit(via Thenewswire.ca)\n \n \nVancouver, BC / TheNewswire / October 6, 2016 - Golden Reign Resources Ltd. (TSX-V: GRR)(the \"Company\" or \"Golden Reign\") is pleased to report additional results from grade-control drilling within the proposed West Pit on its wholly-owned San Albino Gold Deposit located in Nueva Segovia, Nicaragua. \n\n\n \nThe grade-control drill program yielded numerous high-grade intersections. Highlights from the remaining drill holes include:\n\n \n\n-\n\n\n\n\n3.0 metres of 38.38 g/t Au and 43.6 g/t Ag \n\n\n\n\n-\n\n\n\n\n3.0 metres of 27.10 g/t Au and 36.2 g/t Ag \n\n\n\n\n-\n\n\n\n\n4.0 metres of 19.43 g/t Au and 26.6 g/t Ag \n\n\n\n\n-\n\n\n\n\n3.0 metres of 22.07 g/t Au and 38.5 g/t Ag \n\n\n\n\n-\n\n\n\n\n3.0 metres of 20.40 g/t Au and 32.8 g/t Ag \n\n\n\n\n-\n\n\n\n\n5.0 metres of 6.87 g/t Au and 15.7 g/t Ag \n\n\n\n\n-\n\n\n\n\n2.0 metres of 16.10 g/t Au and 33.9 g/t Ag \n\n\n\n\n-\n\n\n\n\n2.0 metres of 12.25 g/t Au and 20.9 g/t Ag \n\n\n\n\n-\n\n\n\n\n3.0 metres of 7.41 g/t Au and 14.8 g/t Ag \n\n\n\n \nNote: All grades presented are uncut and all thicknesses are core length. All holes are vertical. The veins are shallow dipping. No top cut has been applied. To see a table of the complete drill results, please visit our website at: www.goldenreign.com. \n\n\n \nThese results are in addition to a number of high-grade intersections which were previously reported (see news release dated September 8, 2016).\n\n\n \nThe grade control, Reverse Circulation (RC) drilling at San Albino's West Pit consisted of 87 vertical drill holes totaling 1,581 metres (see attached map). This closely spaced RC drill program:\n\n\n \n-confirmed grade and structural continuity of the mineralization\n\n\n \n-extended the mineralization along strike and at depth, resulting in the expansion of the initial pit boundaries\n\n\n \n-confirmed that the area between two smaller starter pits is also mineralized, suggesting that the pits may be combined into a single, larger open-pit\n\n\n \n-provided greater definition of the San Albino mineralized zone, with drill intercepts returning higher grades and wider thicknesses than those represented in its Preliminary Economic Assessment Report (PEA) resource estimate and model (available...

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