VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 09/11/13 — Golden Reign Resources Ltd. (TSX VENTURE: GRR) (the „Company“ or „Golden Reign“) is pleased to announce drill results from the Intermediate Area in the Southern District of its San Albino-Murra Gold Property (the „Property“), located in Nueva Segovia, Nicaragua.
Drilling initiated in July 2013 targeted potentially open-pittable resources by testing the down-dip extension of near-surface, high-grade mineralization intersected initially by trenching (see attached map).
Highlights from diamond drilling include:
The true-width mineralized intersections are within approximately 55 metres vertical depth from surface. A detailed table of results is attached.
The Intermediate Area is one of four near-surface, high-grade mineralized zones outlined by trenching. Situated 1.5 kilometres south of the Company-s San Albino Gold Deposit, it has a current strike length of approximately 1.0 kilometre, remaining open along strike in both directions and down-dip. A comprehensive trenching program consisting of 13 trenches across 417 metres was completed in 2011. Highly-mineralized intercepts, as previously reported, in trenches INT11-TR-01 through INT11-TR-04 were targeted for drilling in 2013.
Highlights from trenching include:
Other highlights from trenching completed in country rock:
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 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 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.
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.
To view the map associated with this release, please visit the following link:
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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