Starter position in Golden Reign GRR
We began buying Golden Reign last week after being tipped on it a long time ago at .18. Wish we had pulled the trigger back then!
Bought at .85 last week and topped up today at .95
Golden Reign Resources
Historic discovery showing signs of developing into a robust resource
Golden Reign Resources, Ltd. (TSX.V: GRR) is a Canadian mineral exploration company based in Vancouver, B.C. The Company has optioned the San Albino-Murra Gold Concession in north central Nicaragua. The property includes one major concession with an area of 87 square kilometers (8,700 hectares) situated to the east of the town of El Jicaro. The concession is valid for a period of 25 years.
San Albino: Golden Reign’s 2010 exploration program comprised geological mapping, trenching and diamond drilling of fourteen drill holes at San Albino and Arras, for a total of 1,514metres. Drilling results at the historic San Albino Mine have confirmed the uniformity of high-grade, near-surface mineralization, both in thickness and grade. Several drill holes returned excellent gold intervals over significant widths:
SA10-09-09 3.83 metres of 24.98 g/t gold and 17.65 g/t silver
including: 2.0 metres of 39.30 g/t gold and 21.0 g/t silver
Arras: A total of five diamond drill holes were completed at the Arras prospect, located approximately 450 metres southeast of the San Albino Mine. Drill holes all intersected the Arras zone mineralization, with the best intercepts returning:
AR10-01 1.15 metres of 31.15 g/t gold and 83.6 g/t silver
AR10-03 2.14 metres of 21.43 g/t gold and 47.3 g/t silver
The positive results at San Albino- Arras indicate strong potential for the development of an important gold deposit and near-future mine operation.
Murra prospect: After a round of encouraging chip samples in early 2010, the Company is pleased to report assay results from additional underground sampling at Mina Estrella, located in the northern district of its San Albino-Murra Gold Property.
A continuous underground channel sample over the entire width of the Mina Estrella adit returned the following results:
10.5 metres of 24.75 g/t gold
including: 1.1 metres of 112.09 g/t gold
In 2011 the Company will embark on an aggressive work program at Murra to establish another strong potential for the development of an important gold deposit.
