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Last C$0.09 CAD
Change Today +0.005 / 5.88%
Volume 39.0K
GRR On Other Exchanges
As of 2:34 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

golden reign resources ltd (GRR) Snapshot

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03/10/14 - C$0.22
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golden reign resources ltd (GRR) Details

Golden Reign Resources Ltd. engages in the acquisition, exploration, and evaluation of mineral properties. The company primarily explores for gold and silver. Its principally property is San Albino-Murra property located in Nueva Segovia, Nicaragua. The company was incorporated in 2004 and is headquartered in Vancouver, Canada.

golden reign resources ltd (GRR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$103.0K
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

golden reign resources ltd (GRR) Key Developments

Golden Reign Resources Ltd. Provides Update on its San Albino Gold Deposit

Golden Reign Resources Ltd. provided an update on its San Albino Gold Deposit located on its 100% owned San Albino-Murra Property, Nueva Segovia, Nicaragua. Preparation of a NI 43-101 compliant Preliminary Economic Assessment (PEA) report for the San Albino Deposit is well advanced with the results to be announced in early First Quarter 2015. A technical report will be filed within 45 days thereafter. The PEA report is being prepared by P&E Mining Consultants Inc. of Brampton, Ontario. P&E authored the Company's initial NI 43-101 Technical Report and Resource Estimate on the San Albino Gold Deposit filed in early January 2013 and prepared the subsequent updated mineral resource estimate announced on July 24, 2014. The PEA will review both In-Pit (open-pittable) and Out-of-Pit (underground) resources, providing detailed information regarding total current resources, a preliminary mine design and Life of Mine Plan, operating cost, capital cost, sensitivities and preliminary project economics. The PEA will incorporate a pending resource estimate update and is intended to supplement an internal due diligence technical review report. This due diligence technical review focused on metallurgical studies and preliminary capital cost estimates. Economic analysis intended to determine the potential viability of mineral resources is being addressed under the PEA. The pending PEA is a conceptual study of the potential viability of mineral resources. As the Company does not intend to complete a Pre-Feasilbility or Feasibility Study prior to potentially commencing small scale production at the San Albino Gold Deposit there is an increased risk that the economic and technical aspects of the PEA may not be realized.

Golden Reign Resources Ltd. Provides Updated Mineral Resource Estimate for the San Albino Gold Deposit on its 100% Owned San Albino-Murra Property

Golden Reign Resources Ltd. provided an updated mineral resource estimate for the San Albino Gold Deposit on its 100% owned San Albino-Murra Property located in Nueva Segovia, Nicaragua. The resource estimate was prepared by P&E Mining Consultants Inc. (P&E) of Brampton, Ontario, and updates the previous resource estimate prepared by P&E in November 2012. Resource estimate highlights: a 67% increase in Indicated resources, from an initial 95,000 gold equivalent (AuEq) ounces to 158,800 AuEq ounces at 5.97 g/t contained in 827,000 tonnes; a 8.5% increase in Inferred resources, from 805,000 AuEq ounces to 873,300 AuEq ounces at 7.97 g/t contained in 3,410,000 tonnes; new El Jobo mineralized zone identified and included in open-pittable resources; the San Albino Gold Deposit is near-surface, within 300 metres vertical depth, and remains open along strike in both directions and at depth.

Golden Reign Resources Ltd. Reports Results from Initial Drill Testing at the Mina Francisco Prospect, in the Southern District of its an Albino-Murra Gold Property, Nicaragua

Golden Reign Resources Ltd. reported results from initial drill testing at the Mina Francisco prospect, located in the Southern District of its San Albino-Murra Gold Property, Nicaragua. Mina Francisco is an underground working from the 1920's recently rehabilitated by the Company. Historically, very limited work was conducted there, with minimal material removed. Situated approximately 1.5 kilometres south of the San Albino Gold Deposit, it lies at the northeast end of the third of five mineralized areas discovered by the Company by sampling and trenching programs conducted since 2011. The San Albino Gold Deposit is the first of the five areas slated for development by the Company. The $15.0 million gold streaming arrangement with Marlin Gold Mining Ltd., which covers a 3.5 square kilometre area of interest, continues to progress and the parties expect the transaction will complete shortly. The remaining four areas, all of which lie outside of the Marlin AOI, are characterized by similar mineralogy, grades and thicknesses as those outlined at San Albino, and offer potential for future open-pit development. In 2012, the company systematically sampled the near-surface Mina Francisco vein which has been exposed for 12 metres in strike length and 7 metres down-dip at a depth of only 5 metres from surface. Continuous underground channel sampling returned an average thickness of 1.56 metres grading 13.04 g/t gold and 22.7 g/t silver. Underground channel sampling highlights include: 2.0 metres of 33.35 g/t gold and 42.8 g/t silver; 2.0 metres of 26.45 g/t gold and 30.7 g/t silver; 2.0 metres of 23.87 g/t gold and 40.8 g/t silver; Recently, the Company drilled a vertical hole approximately 21.3 metres southwest of the Mina Francisco adit entrance and intersected high grade mineralization across 2.4 metres averaging 12.52 g/t gold and 33.6 g/t silver. Mineralization, including visible gold, was found in the quartz vein and the surrounding schist country rock. The drill intercept approximates the true thickness of the flat lying, highly mineralized zone and both extends and confirms continuity and grade of the zone. The Mina Francisco prospect represents the northeast extension of the third of five parallel, highly mineralized areas. This third zone, referred to as the Intermediate Area, currently has a 750 metre strike length, and is open in both directions and at depth. The test hole at Mina Francisco is the sixth drill hole to successfully intersect mineralization in the Intermediate Area. The Company has previously tested the southwest end and middle of the Intermediate Area. Over 300 metres to the southwest of Mina Francisco, at a vertical depth from surface of approximately 55 metres, drilling returned the following true-width mineralized intersections: INT13-01 2.5 metres averaging 15.69 g/t gold and 15.5 g/t silver; INT13-02 3.0 metres averaging 3.39 g/t gold and 10.3 g/t silver; INT13-03 21.3 metres averaging 7.20 g/t gold and 14.2 g/t silver; including 5.0 metres averaging 28.45 g/t gold and 53.7 g/t silver; Drill results to date indicate good continuity of the near surface, high grade mineralization.


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