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Golden Reign Commences Drill Program at Las Conchitas
Golden Reign Commences Drill Program at Las Conchitas Canada NewsWire VANCOUVER,...
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[{"type":"text","content":"\n\n\n\nGolden Reign Commences Drill Program at Las Conchitas\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 28, 2018\n\n\n\nTSX- V: GRR \n\n\n\nVANCOUVER, June 28, 2018 /CNW/ - Golden Reign Resources Ltd. (TSX-V: GRR) (the \"Company\" or \"Golden Reign\") announces the commencement of its 2018 exploration program.  The planned program includes 2,000 metres of diamond drilling at its wholly-owned San Albino-Murra Property (the \"Property\") in Nueva Segovia, Nicaragua. \n\n\n \n \n\n \nDrilling will begin in the Las Conchitas area, located immediately south of the San Albino Gold Deposit and south of the area of influence that is currently subject to the San Albino gold streaming agreement. Approximately forty drill holes, aggregating 2,000 metres, will test a portion of the 4 square km Las Conchitas area (4 times the size of the San Albino deposit).  The drill holes will be shallow – with maximum depths not exceeding 100 metres – to specifically target near surface open-pittable portions of the mineralized zones. Six newly discovered zones of mineralization within Las Conchitas area will be evaluated with the drill program. \n\nThe Las Conchitas area hosts a significant number of mineralized zones structurally and geologically similar to the San Albino Gold Deposit. The zones consist of subparallel, shallow dipping, mineralized quartz veins and schists, with an overall northeast-southwest strike.  The aim of the program is to test for continuity and extensions along strike and down dip of the mineralization exposed by the Company's recent trenching programs. The ultimate goal is to begin acquiring sufficient information towards developing a mineral resource.\n\nLas Conchitas is adjacent to, and south of, the San Albino Gold Deposit at the southwest end of Corona de Oro Gold Belt which, at 3 kilometres wide and 20 kilometres long, spans the Company's landholdings.  To date, Golden Reign has completed detailed exploration on only a small portion of the Las Conchitas area. Numerous other targets, includi...