Trenching at Las Conchitas Confirms High Grade Gold Potential

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[{"type":"text","content":"Trenching at Las Conchitas Confirms High Grade Gold Potential(via TheNewswire)\n\n \n\n\n\nClick Image To View Full Size\n\n\n\n \n \nSeptember 28 2017 / TheNewswire - Golden Reign Resources Ltd. (TSX-V: GRR) (the \"Company\" or \"Golden Reign\") announces trenching results from the Las Conchitas area of its wholly-owned San Albino-Murra Property (the \"Property\") located in Nueva Segovia, Nicaragua.\n\n\n \nThe trenching program at Las Conchitas initially targeted Mina Francisco and the Intermediate zone - two of seven zones which the Company plans to trench prior to drill testing. Mina Francisco is located approximately 1.5 kilometres south of the recently permitted San Albino Gold Deposit, at which the Company is planning to develop, construct and mine up to 500 tonnes per day (see location map). The San Albino Gold Deposit, covering only 3.5 square kilometres of the Company's prospective 138 square kilometre land package, is the sole area subject to a gold streaming arrangement. The San Albino Deposit, as well as all other prospects and significant gold targets, is situated within the Corona de Oro Gold Belt which is 3 kilometres wide and stretches 20 kilometres, spanning the Company's landholdings. \n\n\n \nThe goal of the Las Conchitas trenching program was three-fold: (i) to confirm the extensions of structures previously identified by the Company; (ii) to test for other similar structures in the near-surface oxide domain; and (iii) to obtain information to be used in the design of a drilling program. \n\n\n \nHighlights from trenching at Mina Francisco include:\n\n \n\n-\n\n\n\n\nSAM17-TR06\n\n\n\n\n3.0 m averaging 13.10 g/t gold and 17.9 g/t silver (along dip)\n\n\n\n\n-\n\n\n\n\nSAM17-TR06-Ext Pit \n\n\n\n\n4.1 m averaging 15.66 g/t gold and 20.9 g/t silver (along dip)\n\n\n\n\n-\n\n\n\n\nSAM17-TR06-Ext Pit\n\n\n\n\n1.5 m of 27.90 g/t gold and 36.3 g/t silver (along strike)\n\n\n\n\n-\n\n\n\n\nSAM17-TR06-Ext \n\n\n\n\n7.7 m averaging 18.51 g/t gold and 13.2 g/t silver (along dip)\n\n\n \n\n\n including\n\n\n\n\n1.5 m of 62.30 g/t gold and 31.8 g/t silver\n\n\n\n\n-\n\n\n\n\nSAM17-TR06-Ext\n\n\n\n\n4.6 m averaging 13.07 g/t gold and 20.1 g/t silver (along dip)\n\n\n\n\n-\n\n\n\n\nSAM17-TR06-Ext \n\n\n\n\n0.6 m of 128.10 g/t gold and 94.2 g/t silver (vertical)\n\n\n\n\n-\n\n\n\n\nSAM17-CATA 15 \n\n\n\n\n0.8 m averaging ...

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