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Golden Reign Resources Ltd.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 501 – 595 Howe Street
Vancouver, BC
Canada V6C 2T5
Tel No.: 647-203-8793
Web Site: www.goldenreign.com
E-mail: deborah@goldenreign.com
Contact Person: Deborah Honig
Position: Investor Relations


Company Data

Traded Market: TSX-V
Traded Symbol: GRR
Outstanding Shares: 191,666,896
52 Week High: $ 0.37
52 Week Low: $ 0.20
Present Price: Click Here


Introduction

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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.


Projects in Hand

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.

  • Permitting process completed, permit received
  • Near-term production potential to fund further exploration
  • NI 43-101 compliant open-pittable and underground resources delineated
  • PEA study completed April 2015
  • Gold stream funding in place on just 3.5 sq. km Area of Interest (2% of landholdings)

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.

Scalability

250 tpd

(base case)

500 tpd

After-tax NPV 5% discount (US$M)

$105.4M

$173.9M

After-tax IRR (%)

37.4%

54.2%

Payback (years)

2.2 years

1.7 years

Initial capital expenditures

(with 20% contingency)

$13.9M

$21.1M

All-in sustaining costs AuEq

$464/oz

$395/oz

Cash costs AuEq

$428/oz

$359/oz

Average annual gold payable production AuEq

21,800 oz

41,300 oz

Average annual after-tax free cash flow

$9.4M

$19.4M

Life of mine

31 years

16 years

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)

  • Initial drilling has confirmed downdip continuity of highly mineralized zones identified by trenching; 5 mineralized zones identified which host near-surface gold and silver mineralization
  • Potential for development of open-pittable and underground resources similar to San Albino Gold Deposit
  • Drilling intercepted high-grade mineralization, including:
    • 21.3 m of 7.20 g/t Au and 14.2 g/t Ag, including 5.0 m of 28.45 g/t Au and 53.7 g/t Ag
    • 3.0 m of 62.96 g/t Au and 61.7 g/t Ag
    • 2.5 m of 15.69 g/t Au and 15.5 g/t Ag
  • Trenching results include:
    • 12.8 m of 16.05 g/t Au and 9.9 g/t Ag, including 3.0 m of 40.97 g/t Au and 23.7 g/t Ag
    • 6.0 m of 15.46 g/t Au and 12.8 g/t Ag
    • 5.3 m of 48.28 g/t Au and 21.0 g/t Ag
    • 11.0 m of 8.59 g/t Au and 19.6 g/t Ag
    • 4.0 m of 20.54 g/t Au and 33.7 g/t Ag

El Golfo Mine (Historical Mine)

  • Reconnaissance sampling program has outlined four main zones of high-grade mineralization
  • Initial trenching program conducted
  • Initial sampling very positive
    • 5.5 m continuous underground sample returned 12.33 g/t gold and 25.6 g/t silver
    • 7.5 m vein grab samples between 1.20 and 10.77 g/t gold
  • Next step is further trenching to prioritize drill targets

Remainder of Concessions

  • Numerous high-grade targets awaiting further exploration

Investment Highlights

  • Near-term production from a high-grade, low-capex mine with low all-in sustaining cost (AISC) and a high internal rate of return (IRR)
  • San Albino Mine permitted for 500 tpd operations
  • Construction funded under terms of gold stream agreement ($15MM US)
  • Significant regional upside potential within the Company's extensive land holdings (138 sq. km)
  • Exploration is anticipated to be funded by cash flow from the San Albino mine
  • Robust project pipeline of internally generated mineralized areas
  • Experienced management team and Board

Why Nicaragua?

  • Pro-mining government underpinned by modern mining laws
  • 25-year exploration and exploitation concessions
  • Tax regime: 30% net profits tax, 3% net smelter return
  • Skilled labour available
  • Modern infrastructure (paved roads, water)
  • Repatriation of capital and profits
  • Limited modern gold exploration
  • Gold the leading export commodity


Management

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

Advisory Board

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.


News Update

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.


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