Golden Reign Resources, a mineral exploration company, has announced that it has released the results of the current 2012 trenching campaign being carried out at the Las Conchitas region of the company’s San Albino-Murra gold property in Nicaragua.
The company will conduct trenching on the California Vein-Las Dolores Mine region, which is the first high-potential area among the three areas situated in the flagship property’s southwestern corner. The company examined Las Dolores and California, which are two shallow, high-grade vein prospects that were examined to a depth of around 1.5 m.
Golden Reign encountered 61.06 g/t gold, 94.0 g/t silver over 1.0 m and 21.00 g/t gold, 21.9 g/t silver over 4.0 m from SAMTR-12-01, 42.64 g/t gold, 11.7 g/t silver over 3.5 m and 9.49 g/t gold, 3.3 g/t silver over 4.0 m from SAMTR-12-02 and 16.02 g/t gold, 29.6 g/t silver over 4.6 m and 6.56 g/t gold, 12.5 g/t silver over 12.6 m from SAMTR-12-04.
This zone has 750 m of strike and stays exposed in two directions. It stretches towards the southwest direction onto the company’s El Jicaro Concession. A 2012 sampling program defined Las Dolores and California, which show the structures’ expansion discovered by trenching carried out in 2011.
The company has planned to examine Las Dolores and California, which are two high-priority targets out of 29. It will conduct trenching and then diamond drilling program. All the target areas are located in Corona de Oro Gold Belt.
The Las Conchitas lies around 3 km towards the southern part of the San Albino Mine. Three drilling rigs are currently operating at this mine area.
Source: http://www.goldenreignresources.com/
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