Golden Reign Resources Ltd.
Golden Reign Resources Ltd. is a Canadian mineral exploration company engaged in exploring the San Albino-Murra Property and the El Jicaro Property, both of which are located in Nueva Segovia, Nicaragua.
The Company's prime objective is to bring its San Albino Gold Deposit into production quickly and efficiently, building cash flow to further advance a number of its other highly prospective exploration targets.
The Company's land package comprises 13,771 hectares (138 sq. km) of highly prospective ground. Hundreds of historical mines and workings exist within the Corona de Oro Gold Belt, which is approximately 3 kilometres wide by 20 kilometres long and spans the entirety of the Company's land package.
San Albino-Murra Gold Project, Northwestern Nicaragua
The San Albino-Murra Gold Property has an extensive history of exploration and mining. The property is located in the Department of Nueva Segovia in the northwestern part of Nicaragua. The Property has existing infrastructure – good road access, power, water, timber readily available.
The property contains numerous old workings including the historic San Albino Gold Deposit. Gold mineralization at the property occurs in quartz veins and in adjacent host rock (graphitic schists).
San Albino Gold Deposit
The San Albino Gold Deposit is a high-margin gold mine with a robust estimated average mined grade of 8.02 g/t gold equivalent. The Company's strategy is to establish a financeable, low-cost, profitable cornerstone operation at San Albino – an area that represents only 2% of its landholdings. Projected cash flow from San Albino Mine of $15 to $20M per year will fund exploration on Golden Reign's prospective land package of 138 sq. km.
The San Albino Gold Deposit contains Indicated Resources of 156,100 ounces gold equivalent at 7.16 g/t contained in 678,000 tonnes, and Inferred Resources of 806,100 ounces gold equivalent at 8.18 g/t contained in 3,067,000 tonnes, using 0.75 g/t open pit and 2.0 g/t underground gold equivalent cut-offs.
The San Albino gold deposit PEA is based on a 250 tpd production scenario. A sensitivity analysis for a potential 500 tpd scenario showed greatly improved economics at higher production rates.
Las Conchitas Area
Las Conchitas is located immediately south of the San Albino Gold Deposit. The 2017 exploration program comprises 2,150 metres of trenching and up to 2,000 metres of drilling, all within the Las Conchitas area of the Property.
Las Conchitas (2017 Trenching Program)
El Golfo Mine (Historical Mine)
Remainder of Concessions
Management & Directors
Kevin Bullock, Chief Executive Officer and Director
Mr. Bullock is a registered Professional Mining Engineer in the province of Ontario. He was Volta Resources Inc.'s President and CEO and was the founding President and CEO of Goldcrest. Mr. Bullock has over 25 years of experience, at senior levels, in mining exploration, mine development and mine operations.
Kim Evans, CGA, President and Director
Ms. Evans, founder of Golden Reign, is a Certified General Accountant with extensive experience in both the junior mining sector and the corporate securities industry. Ms. Evans has 17 years' experience as a director and/or officer, working with a number of public companies listed on the TSX Venture Exchange.
Michele Pillon, Chief Financial Officer, Corporate Secretary
Ms. Pillon is an accountant with several years experience in the junior mining exploration sector, providing accounting and regulatory assistance to public companies. Ms. Pillon has been a director and/or officer of a number of public companies listed on the TSX Venture Exchange.
Zoran Pudar, B.Sc. Geo., Vice President of Exploration, Officer
Mr. Pudar has over 20 years of exploration experience. Mr. Pudar was geologist of International Alliance Resources Ltd. He was Vice President, Exploration of Kolyma Goldfield Ltd. Mr. Pudar was Project Manager and Chief Geologist for Big Blackfoot Resources. He has worked with Golden Reign since 2006.
Abraham (Braam) Jonker, Non-executive Chairman, Director
John Conlon, Director
William Meyer, P.Eng., Director
Len Dennis, Director
Rael Lipson, BSc (Hons), MSc Geology, PhD Geochemistry, Director
Akiba Leisman, Director
Donald K. Mustard, P.Eng., Special Advisor, Exploration
Mr. Mustard is a Professional Engineer and geologist with over 50 years of exploration leadership in the mining industry.
Please refer to Golden Reign Resources Ltd.'s website www.goldenreign.com。 for complete biographies.
On September 28, 2017, Golden Reign Resources Ltd. announced trenching results from the Las Conchitas area of its wholly-owned San Albino-Murra Property located in Nueva Segovia, Nicaragua.