Golden Reign Intersects 6.0 Metres of 13.94 g/t Gold and 142.7 g/t Silver at San Albino

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[{"type":"text","content":"Golden Reign Intersects 6.0 Metres of 13.94 g/t Gold and 142.7 g/t Silver at San Albino(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / March 7, 2017 - Golden Reign Resources Ltd. (TSX-V: GRR)(the \"Company\" or \"Golden Reign\") is pleased to report positive drilling analyses from a hydrological test hole completed at its pre-development stage San Albino Gold Deposit, located on the San Albino-Murra Gold Property (the \"Property\"), Nueva Segovia, Nicaragua.\n\n\n \nA diamond drill hole, SA16-GEOT-4020, drilled for hydrological testing purposes was logged, assayed and returned uncut values of 6.0 metres averaging 13.94 g/t gold and 142.7 g/t silver. Recoveries in the mineralized intersection were poor. The drill hole is comprised of the following intervals: \n\n \n\nFrom (m)\n\n\n\n\nTo (m)\n\n\n\n\nWidth (m)\n\n\n\n\nAu (g/t)\n\n\n\n\nAg (g/t)\n\n\n\n\n44.60\n\n\n\n\n47.50\n\n\n\n\n2.90\n\n\n\n\n6.20\n\n\n\n\n126.0\n\n\n\n\n47.50\n\n\n\n\n49.10\n\n\n\n\n1.60\n\n\n\n\n34.30\n\n\n\n\n71.4\n\n\n\n\n49.10\n\n\n\n\n50.60\n\n\n\n\n1.50\n\n\n\n\n7.20\n\n\n\n\n251.0\n\n\n\n \nThis drill hole is situated roughly 40 metres from metallurgical drill hole SA16-MET-02, cored in 2016, and four high-grade holes completed in 2012 (see attached map). The results from drill hole SA16-GEOT-4020 correlate well with results from SA16-MET-02 and the 2012 drill holes: \n\n \n\nSA16-MET-02\n\n\n\n\n3.8 metres averaging 22.51 g/t gold and 31.5 g/t silver (see news release dated May 12, 2016)\n\n\n\n\nSA12-45\n\n\n\n\n0.6 metres averaging 14.54 g/t gold and 58.8 g/t silver (see news release dated April 4, 2012)\n\n\n\n\nSA12-46\n\n\n\n\n3.6 metres averaging 31.53 g/t gold and 24.4 g/t silver (see news release dated April 4, 2012)\n\n\n\n\nSA12-47\n\n\n\n\n3.6 metres averaging 5.38 g/t gold and 11.6 g/t silver (see news release dated April 4, 2012)\n\n\n\n\nSA12-48\n\n\n\n\n3.9 metres averaging 13.74 g/t gold and 21.5 g/t silver (see news release dated April 4, 2012)\n\n\n\n \nThe mineralized intervals shown above utilize a 1.0 g/t gold cut-off grade, whereas intervals originally reported on April 4, 2012 were not subject to a cut-off grade and were thus reported differently. \n\n\n \nThe 2016 infill drilling successfully confirmed continuity of the gold bearing system and improved confidence of finding additional high-grade mineralization at the no...

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