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Golden Reign Progresses San Albino Gold Project
(via Thenewswire.ca) Vancouver, BC / TheNewswire / June 9, 2016 - Golden Reign Resources L...
About this update from Mako Mining Corp.
[{"type":"text","content":"Golden Reign Progresses San Albino Gold Project(via Thenewswire.ca)\n \n \nVancouver, BC / TheNewswire / June 9, 2016 - Golden Reign Resources Ltd. (TSX-V: GRR) (the \"Company\" or \"Golden Reign\") is pleased to provide an update on progress at its 100% owned San Albino Gold Project, located in Nueva Segovia, Nicaragua.\n\n\n \nGolden Reign has completed its' previously announced metallurgical/infill diamond drill program at the planned San Albino open-pit mine site. The additional infill drilling and trenching will provide further detailed understanding of the mineable open-pit resources. Significant results received to date include 3.8 metres of 22.51 g/t gold and 31.5 g/t silver, 2.0 metres of 24.85 g/t gold and 14.5 g/t silver, 3.25 metres of 11.37 g/t gold and 5.7 g/t silver, and 4.2 metres of 8.21 g/t gold and 28.9 g/t silver (see news release dated May 12, 2016). Further assay results are pending and will be released when available.\n\n\n \nDrilling continues. Two drill rigs are active at the San Albino Gold Project. The drill rig used for the metallurgical/infill program has been moved to the planned infrastructure areas and condemnation drilling has commenced. The second machine, a reverse-circulation (RC) drill rig, has begun closely spaced pre-production, grade control drilling.\n\n\n \nThe metallurgical/infill and condemnation drill programs are integral in progressing the San Albino project and obtaining final permitting prior to development of the mine. \n\n\n \nMetallurgical / Infill Drilling Program Completed\n\n\n \nThe combined metallurgical/infill drilling program announced on April 5, 2016 is now complete. In all, 56 diamond drill holes were cored over 2,175.3 metres - all located within the proposed San Albino open-pit mine. \n\n\n \nThe primary goal of the program was to provide sufficient mineralized material for the final stage of metallurgical test work, allowing for the refinement of the already high metallurgical recoveries. In 2014, \n\n\n \ncomposites of low and high grade mineralization tested for gold recovery using centrifugal gravity concentration followed by cyanide leaching using the CIL process yielded total gold recoveries in the range of 91.0 to 93.5%. (see new release dated March 27, 2014 entitled \"Golden Reign Recovers 91% Of Gold in Metallurgical Tests of Potential Oxide Open Pit\").\n\...