Golden Reign Resources Ltd.

TSX VENTURE : GRR


Golden Reign Resources Ltd.

February 05, 2013 12:05 ET

Golden Reign Resources Ltd.: Trenching Returns 18.0 Metres of 3.40 g/t Gold and 7.0 g/t Silver in Phyllites; Second Discovery of Massive Sulphide Mineralization

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 5, 2013) - Golden Reign Resources Ltd. (TSX VENTURE:GRR) (the "Company" or "Golden Reign") is pleased to provide additional results from the Intermediate Area in the Southern District of its San Albino-Murra Property (the "Property") located in Nueva Segovia, Nicaragua.

The Intermediate Area has a strike length of 1,000 metres and is located approximately 2 kilometres south of the Company's San Albino Gold Deposit and 500 metres south of the San Pablo Area, for which trenching and exploration pit results were released on January 24, 2012. Golden Reign plans to conduct additional work, with the aim of geologically connecting the San Pablo and Intermediate areas.

Continued exploration of the Intermediate Area in 2012 included the excavation of two exploration pits. This work was a follow-up to the comprehensive trenching program completed in 2011 that consisted of 13 trenches across 417 metres.

Intermediate Area Exploration Findings include:

  • High-grade, near-surface quartz vein structure traced strike length of 1,000 metres, open in both directions and down-dip
  • Second discovery of heavily mineralized sulphide masses (bodies) intercalcated with quartz veins, with the first situated only 500 metres to the north in the San Pablo Area
  • High-grade gold mineralization is distributed in the country rock, not restricted solely to the mineralized quartz veins

Intermediate Area Exploration Results include:

  • High-grade, near-surface mineralization includes 5.3 metres of 48.28 g/t gold and 21.0 g/t silver intersected in trench LC11-TR-10, which includes 2.0 metres of 118.91 g/t gold and 40.2 g/t silver
  • 5 samples from mineralized sulphide masses within exploration pit EP-INT11-TR-03 returned an average of 15.93 g/t gold and 20.3 g/t silver over a true thickness of 1.8 metres
  • Continuous sampling of the host rock (phyllites) in trenches returned high-grade gold mineralization:
    • LC11-TR-26 returned 18.0 metres of 3.40 g/t gold and 7.0 g/t silver
    • LC11-TR-15 returned 2.0 metres (vertical sample) of 62.96 g/t gold and 19.2 g/t silver

Intermediate Exploration Pits

In 2012, two exploration pits (see Table 1 below and attached map) were excavated to expose the mineralized veins intersected by trenching along strike and down dip in trenches INT11-TR-03 and LC11-TR-10. Pit samples collected along the strike and dip of the veins returned values ranging from 0.26 g/t to 30.88 g/t gold and 1.53 g/t to 122.40 g/t gold for pits EP-INT11-TR-03 and EP-LC11-TR-10, respectively.

Golden Reign also tested the true thickness of the veins, which returned 1.80 metres averaging 15.93 g/t gold and 1.62 metres averaging 2.52 g/t gold for trenches INT11-TR-03 and LC11-TR-10, respectively.

The exploration pit at INT11-TR-03 exposed a structurally controlled, heavily mineralized sulphide mass (body) intercalated with quartz veins with similar mineralization. This marks the second discovery of mineralized sulphide masses; the prior discovery was at exploration pit SP11-TR-02 within the San Pablo Zone, situated 500 metres north. The sulphide masses in both areas carry significant gold values and are very similar in style of mineralization. Additional exploration work will be conducted to test the Company's theory that these are conjoined and represent one continuous heavily mineralized sulphide mass system.

Exploration pit EP-LC11-TR-10, representing the southwest extension of the Intermediate Area, exposed the true thickness of the highly mineralized vein averaging 1.62 metre of 2.52 g/t Au and 6.0 g/t Ag. Systematic sampling along the strike and dip of the vein returned extremely high gold and silver values ranging from 1.53 to 122.40 g/t Au and 2.9 to >100 g/t Ag. A bulk sample will be collected to more accurately evaluate the grade of this target. Only one sample was collected from the surrounding country rock (phyllites), which returned 0.12 g/t Au and 1.1 g/t Ag.

Trenching

Trenching has outlined 4 parallel NE/SW trending structurally controlled mineralized zones (see attached map) ranging from 300 to 1,500 metres in length, located approximately 1.5 kilometres south of the San Albino Gold Deposit and covering a 2.5 square kilometre area.

The Intermediate Area, outlined by 13 trenches, has been traced at surface over a strike length of approximately 1 kilometre, remaining open along strike in both directions and down-dip. A total of 353 samples were collected from 13 trenches (see Table 2 below) spaced approximately 50 metres apart (see news releases dated April 12, 2011, May 25, 2011 and October 20, 2011). Two trenches (LC11-TR-27 and LC11-TR-28) were not deep enough to expose the vein. A further two trenches were completed at and near Mina Francisco (see news release dated September 24, 2012), which appears to represent the northeast extension of the zone, with the best intervals returning:

SAM-12-TR-07 8.0 metres of 4.28 g/t gold and 12.6 g/t silver,
comprised of 4.0 metres of 3.29 g/t gold and 18.0 g/t silver from quartz vein, and
4.0 metres of 5.28 g/t gold and 7.3 g/t silver from host rock (phyllites)
SAM-12-TR-08 1.0 metre of 4.52 g/t gold and 11.1 g/t silver from quartz vein, and
2.0 metres of 7.44 g/t gold and 6.5 g/t silver from host rock (phyllites)

The near-surface Mina Francisco has now been exposed for 12 metres in strike length and 7 metres down-dip at a depth of only 5 metres from surface. Underground sampling, also completed in 2012, returned an average thickness of 1.56 metres grading 13.04 g/t gold and 22.7 g/t silver, including:

2.0 metres of 33.35 g/t gold and 42.8 g/t silver
2.0 metres of 26.45 g/t gold and 30.7 g/t silver
2.0 metres of 23.87 g/t gold and 40.8 g/t silver

Highlights from trenching completed to date include:

INT11-TR-01 8.2 metres (from 9.0 m to 17.2 m) averaging 20.64 g/t gold and 26.87 g/t silver
including 5.2 metres (from 9.0 m to 14.2 m) averaging 28.69 g/t gold and 38.8 g/t silver
INT11-TR-02 8.0 metres (from 13.0 m to 21.0 m) averaging 4.37 g/t gold, minor silver
including 3.0 metres (from 18.0 m to 21.0 m) averaging 8.83 g/t gold, minor silver
and 5.0 metres (from 30.0 m to 35.0 m) averaging 9.44 g/t gold and 9.9 g/t silver
and 1.0 metre (from 37.0 to 38.0 m) averaging 32.87 g/t gold and 51.5 g/t silver
INT11-TR-03 12.8 metres (from 7.0 m to 19.8 m) averaging 16.05 g/t gold and 9.9 g/t silver
including 3.0 metres (from 11.0 m to 14.0 m) averaging 40.97 g/t gold and 23.7 g/t silver
and 1.8 metres (from 17.0 m to 18.8 m) averaging 42.33 g/t gold and 15.9 g/t silver
INT11-TR-04 1.0 metre (from 4.0 m to 5.0 m) averaging 4.52 g/t gold, minor silver
and 2.0 metres (from 19.0 m to 21.0 m) averaging 3.11 g/t gold and 9.1 g/t silver
LC11-TR-10 5.3 metres averaging 48.28 g/t gold and 20.98 g/t silver
including 2.0 metres averaging 118.91 g/t gold and 40.20 g/t silver
LC11-TR-14 1.0 metre of 2.25 g/t gold and minor silver
and 1.0 metre of 0.88 g/t gold and minor silver
LC11-TR-15 1.0 metre of 2.00 g/t gold and minor silver
and 1.0 metre of 2.47 g/t gold and 1.20 g/t silver
LC11-TR-16 8.4 metres of 6.53 g/t gold and 6.9 g/t silver
including 3.0 metres of 14.44 g/t gold and 13.1 g/t silver

Comprehensive and detailed sampling of the country rock (phyllites) has been completed. The significant finding is that gold mineralization is distributed in the host rock containing quartz veinlets, occasionally represented as a quartz stockwork or breccia, and is not restricted solely to the mineralized quartz veins, as previously believed. Previously unreleased results from trench LC11-TR-26, as example, returned 18.0 metres averaging 3.40 g/t gold and 7.0 g/t silver in the country rock.

Other highlights from trenching completed in country rock:

INT11-TR-01 2.0 metres averaging 26.89 g/t gold and 35.7 g/t silver
and 2.0 metres averaging 9.76 g/t gold and 8.95 g/t silver
INT11-TR-02 9.0 metres averaging 4.16 g/t gold and 4.4 g /t silver
INT11-TR-03 4.0 metres averaging 2.70 g/t gold and 1.5 g/t silver
and 2.0 metres averaging 10.76 g/t gold and 12.5 g/t silver
vertical samples returned gold values in a range from 1.02 to 3.15 g/t gold
INT11-TR-04 1.0 metre averaging 4.52 g/t gold and 0.9 g/t silver
LC11-TR-15 vertical sample returned 2.0 metres of 62.96 g/t gold and 19.2 g/t silver
and vertical sample returned 2.0 metres of 3.53 g/t gold and 7.8 g/t silver
LC11-TR-16: 1.0 metres of 3.16 g/t gold and 4.1 g/t silver
five vertical samples, 1.0 metre wide, each averaging 7.49 g/t gold and 6.9 g/t silver
Table 1 - 2012 EXPLORATION PIT SAMPLES
Exploration Pit Sample
#
Width
(m)
Sample
type
Rock type Au
(g/t)
Ag
(g/t)
EP-INT11-TR-03 174109 1.00 Dip Heavy sulphide mineralized quartz vein 21.18 22.4
EP-INT11-TR-03 174110 1.00 Dip Heavy sulphide mineralized quartz vein 20.06 34.3
EP-INT11-TR-03 174111 1.00 Dip Heavy sulphide mineralized quartz vein 17.77 42.6
EP-INT11-TR-03 174112 1.00 Dip Heavy sulphide mineralized quartz vein 0.31 0.5
EP-INT11-TR-03 174113 1.00 Dip Heavy sulphide mineralized quartz vein 0.26 1.0
EP-INT11-TR-03 174114 1.00 Dip Heavy sulphide mineralized quartz vein 13.97 10.0
EP-INT11-TR-03 174115 1.00 Dip Heavy sulphide mineralized quartz vein 20.50 22.9
EP-INT11-TR-03 174116 1.00 Dip Heavy sulphide mineralized quartz vein 6.22 11.3
EP-INT11-TR-03 174117 1.50 Dip Heavy sulphide mineralized quartz vein 8.08 10.2
EP-INT11-TR-03 174118 2.00 True Thickness Heavy sulphide mineralized quartz vein 9.34 14.6
EP-INT11-TR-03 174119 2.00 True Thickness Heavy sulphide mineralized quartz vein 22.34 22.2
EP-INT11-TR-03 174120 2.00 True Thickness Heavy sulphide mineralized quartz vein 14.92 20.5
EP-INT11-TR-03 174122 1.50 True Thickness Heavy sulphide mineralized quartz vein 0.90 4.3
EP-INT11-TR-03 174123 1.50 True Thickness Heavy sulphide mineralized quartz vein 32.52 41.1
EP-INT11-TR-03 174124 1.50 Strike Heavy sulphide mineralized quartz vein 4.28 2.3
EP-INT11-TR-03 174125 1.50 Strike Heavy sulphide mineralized quartz vein 16.38 18.3
EP-INT11-TR-03 174126 2.00 Strike Heavy sulphide mineralized quartz vein 11.48 4.7
EP-INT11-TR-03 174127 2.00 Strike Heavy sulphide mineralized quartz vein 15.30 17.2
EP-INT11-TR-03 174128 2.00 Strike Heavy sulphide mineralized quartz vein 5.71 21.0
EP-INT11-TR-03 174129 2.00 Strike Heavy sulphide mineralized quartz vein 30.88 29.5
EP-INT11-TR-03 174130 1.5 Strike Heavy sulphide mineralized quartz vein 11.83 21.8
EP-INT11-TR-03 174131 1.5 Strike Heavy sulphide mineralized quartz vein 15.57 17.7
EP-LC11-TR-10 72738 1.00 Dip Phyllites 0.12 1.1
EP-LC11-TR-10 72739 1.00 Dip Qtz vein with sulphides, galena, aspy, py 57.30 36.5
EP-LC11-TR-10 72740 1.00 Dip Qtz vein with sulphides, galena, aspy, py 90.50 58.5
EP-LC11-TR-10 72741 1.50 Dip Qtz vein with sulphides, galena, aspy, py 4.53 15.4
EP-LC11-TR-10 72742 1.50 True Thickness Qtz vein with sulphides, galena, aspy, py 2.47 10.9
EP-LC11-TR-10 72743 1.70 True Thickness Qtz vein with sulphides, galena, aspy, py 2.12 4.7
EP-LC11-TR-10 72744 1.70 True Thickness Qtz vein with sulphides, galena, aspy, py 3.00 4.2
EP-LC11-TR-10 72745 2.00 True Thickness Qtz vein with sulphides, galena, aspy, py 2.50 4.5
EP-LC11-TR-10 72746 1.20 True Thickness Qtz vein with sulphides, galena, aspy, py 2.53 6.9
EP-LC11-TR-10 72747 2.00 Strike Qtz vein with sulphides, galena, aspy, py 1.53 2.9
EP-LC11-TR-10 72748 1.60 Strike Qtz vein with sulphides, galena, aspy, py 14.10 11.4
EP-LC11-TR-10 72749 1.50 Strike Qtz vein with sulphides, galena, aspy, py 3.45 11.4
EP-LC11-TR-10 72750 1.20 Strike Qtz vein with sulphides, galena, aspy, py 122.40 >100.0
Table 2 - 2011-2012 INTERMEDIATE TRENCH RESULTS
Trench # Sample
#
Width
(m)
Sample
type
Rock type Au
(g/t)
Ag
(g/t)
INT11-TR-01 173124 1.00 Floor Weathered phyllites with qtz lences 1.00 0.9
INT11-TR-01 173133 0.60 Floor Qtz vein with sulphides, galena, aspy, py 22.08 29.5
INT11-TR-01 173134 0.60 Floor Qtz vein with sulphides, galena, aspy, py 12.35 14.1
INT11-TR-01 173135 1.00 Floor Qtz vein with sulphides, galena, aspy, py 47.90 67.6
INT11-TR-01 173136 1.00 Floor Qtz vein with sulphides, galena, aspy, py 26.84 36.6
INT11-TR-01 173139 1.00 Floor Weathered phyllites with qtz fragments 28.16 41.0
INT11-TR-01 173140 1.00 Floor Weathered phyllites with qtz fragments 25.62 30.4
INT11-TR-01 173142 1.00 Floor Weathered phyllites with qtz fragments 11.15 10.0
INT11-TR-01 173143 1.00 Floor Weathered phyllites with qtz fragments 8.36 7.9
INT11-TR-01 173148 1.00 Vertical Weathered phyllites with qtz fragments 2.12 3.8
INT11-TR-01 172471 1.00 Vertical Weathered phyllites with qtz fragments 21.39 54.6
INT11-TR-01 172472 0.60 Vertical Weathered phyllites with qtz fragments 1.45 3.4
INT11-TR-01 172473 1.00 Vertical Weathered phyllites with qtz fragments 7.03 7.6
INT11-TR-02 172489 1.00 Floor Soil with qtz bolders 2.18 3.4
INT11-TR-02 172490 1.00 Floor Soil with qtz bolders 2.94 0.3
INT11-TR-02 172491 1.00 Floor Soil with qtz bolders 1.02 1.0
INT11-TR-02 172492 1.00 Floor Phyllites with qtz veinlets 1.20 1.2
INT11-TR-02 172493 1.00 Floor Phyllites with qtz veinlets 1.13 1.3
INT11-TR-02 172494 1.00 Floor Phyllites with qtz veinlets 13.01 8.2
INT11-TR-02 172495 1.00 Floor Phyllites with qtz veinlets 7.54 6.7
INT11-TR-02 172496 1.00 Floor Phyllites with qtz veinlets 5.95 15.8
INT11-TR-02 172506 1.00 Floor Phyllites with qtz veinlets 2.43 1.3
INT11-TR-02 172507 1.00 Floor Qtz vein with sulphides, galena, aspy, py 4.30 5.5
INT11-TR-02 172508 1.00 Floor Qtz vein with sulphides, galena, aspy, py 16.03 13.1
INT11-TR-02 172509 1.00 Floor Qtz vein with sulphides, galena, aspy, py 13.98 11.8
INT11-TR-02 172510 1.00 Floor Qtz vein with sulphides, galena, aspy, py 10.46 9.2
INT11-TR-02 172511 1.00 Strike Qtz vein with sulphides, galena, aspy, py 17.11 19.7
INT11-TR-02 172512 1.00 Strike Qtz vein with sulphides, galena, aspy, py 11.98 15.3
INT11-TR-02 172513 1.00 Strike Qtz vein with sulphides, galena, aspy, py 29.68 19.5
INT11-TR-02 172517 1.00 Floor Qtz vein with sulphides, galena, aspy, py 32.87 51.5
INT11-TR-02 172518 1.00 Vertical Phyllites with qtz veinlets 3.99 2.9
INT11-TR-02 172519 1.00 Vertical Phyllites with qtz veinlets 2.81 6.4
INT11-TR-03 172524 1.00 Floor Soil with qtz bolders 1.06 3.8
INT11-TR-03 172531 1.00 Floor Phyllites with qtz veinlets 5.78 2.7
INT11-TR-03 172532 1.00 Floor Phyllites with qtz veinlets 1.47 1.1
INT11-TR-03 172533 1.00 Floor Phyllites with qtz veinlets 2.45 1.1
INT11-TR-03 172534 1.00 Floor Phyllites with qtz veinlets 1.10 1.0
INT11-TR-03 172535 1.00 Floor Qtz vein with sulphides, galena, aspy, py 17.33 9.7
INT11-TR-03 172536 1.00 Floor Qtz vein with sulphides, galena, aspy, py 89.79 41.2
INT11-TR-03 172537 1.00 Floor Qtz vein with sulphides, galena, aspy, py 15.78 20.2
INT11-TR-03 172538 1.00 Floor Qtz vein with sulphides, galena, aspy, py 2.76 3.5
INT11-TR-03 172539 1.00 Floor Qtz vein with sulphides, galena, aspy, py 1.00 1.6
INT11-TR-03 172540 1.00 Floor Phyllites with qtz veinlets 1.58 3.5
INT11-TR-03 172541 1.00 Floor Phyllites with qtz veinlets 19.93 21.5
INT11-TR-03 172542 1.00 Floor Qtz vein with sulphides, galena, aspy, py 56.26 19.9
INT11-TR-03 172543 1.00 Floor Qtz vein with sulphides, galena, aspy, py 1.52 3.6
INT11-TR-03 172547 1.00 Strike Qtz vein with sulphides, galena, aspy, py 31.03 32.7
INT11-TR-03 172548 1.00 Strike Qtz vein with sulphides, galena, aspy, py 42.35 <0.1
INT11-TR-03 172549 1.00 Strike Qtz vein with sulphides, galena, aspy, py 2.08 12.3
INT11-TR-03 172550 1.00 Strike Qtz vein with sulphides, galena, aspy, py 5.38 4.4
INT11-TR-03 172552 1.00 Vertical Qtz vein with sulphides, galena, aspy, py 5.35 5.1
INT11-TR-03 172553 0.50 Vertical Phyllites with qtz veinlets 3.15 5.1
INT11-TR-03 172554 1.00 Vertical Phyllites with qtz veinlets 1.77 1.1
INT11-TR-03 172555 0.50 Vertical Phyllites with qtz veinlets 1.06 1.5
INT11-TR-03 172558 1.50 Vertical Phyllites with qtz veinlets 1.02 0.6
INT11-TR-04 172565 1.00 Floor Phyllites with qtz veinlets 4.52 0.9
INT11-TR-04 172580 1.00 Floor Qtz vein with sulphides, galena, aspy, py 2.39 1.8
INT11-TR-04 172581 1.00 Floor Qtz vein with sulphides, galena, aspy, py 3.82 16.3
INT11-TR-04 172586 1.00 Strike Qtz vein with sulphides, galena, aspy, py 2.02 6.5
INT11-TR-04 172587 1.00 Strike Qtz vein with sulphides, galena, aspy, py 2.66 4.5
LC11-TR-10 59610 1.00 Floor Qtz vein with sulphides, galena, aspy, py 3.47 15.6
LC11-TR-10 59611 1.00 Floor Qtz vein with sulphides, galena, aspy, py 4.16 4.0
LC11-TR-10 59612 1.00 Floor Qtz vein with sulphides, galena, aspy, py 106.42 15.9
LC11-TR-10 59613 1.00 Floor Qtz vein with sulphides, galena, aspy, py 131.39 64.5
LC11-TR-10 59614 1.3 Floor Qtz vein with sulphides, galena, aspy, py 8.04 8.6
LC11-TR-10 59615 1.00 Strike Qtz vein with sulphides, galena, aspy, py 8.10 4.7
LC11-TR-10 59616 1.00 Strike Qtz vein with sulphides, galena, aspy, py 1.99 5.5
LC11-TR-10 59617 1.00 Strike Qtz vein with sulphides, galena, aspy, py 98.92 66.4
LC11-TR-14 59627 1.00 Floor Qtz vein with sulphides, galena, aspy, py 2.25 0.3
LC11-TR-15 59665 1.00 Floor Qtz vein with sulphides, galena, aspy, py 2.00 <0.1
LC11-TR-15 59666 1.00 Floor Qtz vein with sulphides, galena, aspy, py 2.47 1.2
LC11-TR-15 13 2.00 Vertical Phyllites with qtz veinlets 62.96 19.2
LC11-TR-15 21 2.00 Vertical Phyllites with qtz veinlets 3.53 7.8
LC11-TR-16 176149 1.00 Floor Phyllites with qtz veinlets 2.93 4.9
LC11-TR-16 176150 1.00 Floor Qtz vein with sulphides, galena, aspy, py 3.16 4.1
LC11-TR-16 176151 1.00 Floor Qtz vein with sulphides, galena, aspy, py 13.55 9.4
LC11-TR-16 176152 1.00 Floor Qtz vein with sulphides, galena, aspy, py 16.52 21.9
LC11-TR-16 176153 1.00 Floor Qtz vein with sulphides, galena, aspy, py 13.24 7.9
LC11-TR-16 176155 1.00 Floor Phyllites with qtz veinlets 1.66 4.2
LC11-TR-16 176156 1.40 Floor Qtz vein with sulphides, galena, aspy, py 2.48 3.4
LC11-TR-16 176176 1.00 vertical Phyllites with qtz veinlets 2.37 5.7
LC11-TR-16 176178 1.00 vertical Phyllites with qtz veinlets 6.30 6.2
LC11-TR-16 176179 1.00 vertical Phyllites with qtz veinlets 10.82 5.6
LC11-TR-16 176180 1.00 vertical Phyllites with qtz veinlets 8.42 6.4
LC11-TR-16 176181 1.00 vertical Phyllites with qtz veinlets 9.56 10.6
LC11-TR-16 176185 1.00 Strike Qtz vein with sulphides, galena, aspy, py 41.57 47.5
LC11-TR-16 176186 1.00 Strike Qtz vein with sulphides, galena, aspy, py 4.30 8.6
LC11-TR-16 176187 1.00 Strike Qtz vein with sulphides, galena, aspy, py 6.25 5.9
LC11-TR-26 176220 1.00 Floor Qtz vein with sulphides, galena, aspy, py 1.99 0.6
LC11-TR-26 176232 2.00 Floor Weathered phyllites with qtz fragments 1.92 26.3
LC11-TR-26 176233 2.00 Floor Weathered phyllites with qtz fragments 1.58 3.5
LC11-TR-26 176234 2.00 Floor Weathered phyllites with qtz fragments 2.97 1.4
LC11-TR-26 176235 2.00 Floor Weathered phyllites with qtz fragments 7.07 0.55
LC11-TR-26 176236 2.00 Floor Weathered phyllites with qtz fragments 1.78 4.3
LC11-TR-26 176237 2.00 Floor Weathered phyllites with qtz fragments 2.14 4.6
LC11-TR-26 176238 2.00 Floor Weathered phyllites with qtz fragments 2.53 3.8
LC11-TR-26 176239 1.00 Floor Weathered phyllites with qtz fragments 1.61 3.6
LC11-TR-26 176240 1.00 Floor Weathered phyllites with qtz fragments 13.13 15.6
LC11-TR-26 176241 1.00 Floor Weathered phyllites with qtz fragments 1.41 5.3
LC11-TR-26 176242 1.00 Floor Weathered phyllites with qtz fragments 5.03 12.9
Note: Table 2 provides assay results for samples grading 1.0 g/t gold or greater.

To view the map accompanying this press release please click on the following link: http://media3.marketwire.com/docs/GRR0205.pdf

Qualified Person

John M. Kowalchuk, P.Geo, a geologist and Company qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release on behalf of the Company.

On behalf of the Board,

Kim Evans, CGA, President & CEO

About Golden Reign:

Golden Reign Resources Ltd. is a publicly listed (TSX VENTURE:GRR) 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 land package comprises 13,771 hectares (138 km2) 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.

For additional information please visit our website at www.goldenreign.com and SEDAR www.sedar.com.

Forward-Looking Statements: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Such forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of mineral properties interests, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties. Such information contained herein represents management's best judgment as of the date hereof, based on information currently available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Golden Reign Resources Ltd.
    Kim Evans, CGA
    President & CEO
    (604) 685-4655 or Toll Free: 1-888-685-4655
    (604) 685-4675 (FAX)
    www.goldenreign.com