VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 04/04/12 — Golden Reign Resources Ltd. (the „Company“ or „Golden Reign“) (TSX VENTURE: GRR) is extremely pleased to announce that it has extended the San Albino mineralized zone approximately 150 metres down-dip by drilling. The San Albino zone represents one of at least four parallel mineralized zones contained within the San Albino Mine area of Golden Reign-s flagship San Albino-Murra Gold Property (the „Property“), Nueva Segovia, Nicaragua.
The drill results are significant as:
The Company stepped out 100 metres to the west of the historic San Albino Mine to test the down-dip extension of the San Albino mineralized zone (see attached Drill Hole Plan map). In all, 28 drill holes cored from 14 drill locations are planned for this fence of diamond drilling.
Results from 8 drill holes completed from 4 drill pads in the northern section of the western-most fence have been received. Highlights from the San Albino zone include:
The strike length of the San Albino mineralized zone is approximately 600 metres, with a newly demonstrated down-dip extent of 150 metres. The mineralized zone remains open along strike in all directions and at depth.
The Company has already tested and demonstrated the down-dip extension of Arras, a second high-grade near-surface mineralized structure, over 600 metres. The Arras mineralized zone also remains open along strike and at depth. Golden Reign believes that with additional drilling it may be possible to obtain a similar down dip extent for the San Albino mineralized zone.
The San Albino Mine area represents only 2 square kilometres within the highly prospective 87 square kilometre San Albino-Murra Gold Property. Presently, Golden Reign has three drill rigs active at the San Albino Mine area.
The 2011/2012 definition drill program is designed to extend the mineralized area outlined in 2010, refine the geological model, and obtain sufficient data to calculate a NI 43-101 compliant mineral resource for the San Albino Mine area.
Qualified Person
John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release.
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 along a structural corridor approximately 3 kilometres wide by 20 kilometres long which spans the entirety of the Company-s land package.
Nicaragua, a mining-friendly jurisdiction, is situated in the Central American Gold Belt, which extends from Costa Rica in the south to Guatemala in the north. Within this prolific gold belt, estimates of historical production total more than 20 million ounces.
For additional information please visit our website at and SEDAR .
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.
Note: To view the maps associated with this release, please click the following link: .
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts: Golden Reign Resources Ltd. Kim Evans, CGA President & CEO (604) 685-4655 or Toll Free: 1-888-685-4655 (604) 685-4675 (FAX)
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