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Golden Reign Resources Receives Underground Sampling and Trenching Results from Mina Francisco

Golden Reign Resources, a mineral exploration firm, has announced assay results from further underground trenching and channel sampling programs carried out at Mina Francisco, which is situated in the San Albino-Murra gold property’s Southern District, Nicaragua.

Mina Francisco

Mina Francisco lies midway between the highly potential Conchitas region and San Albino Mine area. The company historically performed very limited work at Mina Francisco.

Golden Reign started the restoration process of the mine adit that yielded exceptional drilling results in August 2012. When the excavation of the trench SAM12-TR-07 was conducted, the adit’s second entrance was identified and allowed the company to thoroughly sample the shallow Mina Francisco vein, which remains open for a strike length of 12 m and down-dip of 7 m at 5 m depth from surface.

The company gathered 35 underground channel samples over a strike length of 12 m long and intersected 42.8 g/t silver and 33.35 g/t gold over 2.0 m, 30.7 g/t silver and 26.45 g/t gold over 2.0 m; and 40.8 g/t silver and 23.87 g/t gold over 2.0 m.

The best interval identified from the trench SAM-12-TR-07 yielded 12.6 g/t silver and 4.28 g/t gold over 8.0 m, including 18.0 g/t silver and 3.29 g/t gold over 4.0 m; and 7.3 g/t silver and 5.28 g/t gold over 4.0 m.

SAM-12-TR-08, a second trench intersected another parallel mineralized vein that is about 20 cm thick and returned 11.1 g/t silver and 4.52 g/t gold over 1.0 m. Host rock sampling, which includes quartz veinlets, yielded 6.5 g/t silver and 7.44 g/t gold over 2.0 m, 10.4 g/t silver and 14.32 g/t gold. Mineralization that mainly comprises arsenopyrite, galena, free gold and sphalerite is found in the surrounding schists and quartz vein.

Source: http://www.goldenreignresources.com/

Joel Scanlon

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

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