Golden Reign Resources Updates Resource Estimate for San Albino Gold Deposit

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Golden Reign Resources Ltd. (GRR.V) reported an updated resource estimate for San Albino Gold Deposit for the San Albino-Murra Property located in Nueva Segovia, Nicaragua.

The company said indicated resources were 95,000 ounces gold equivalent at 8.47 g/t contained in 348,000 tonnes using 0.5 g/t open pit and 1.5 g/t underground gold equivalent cut-offs. Inferred resources were 805,000 ounces gold equivalent at 7.43 g/t contained in 3,371,000 tonnes using 0.5 g/t open pit and 1.5 g/t underground gold equivalent cut-offs.

GRR fell to 50 cents by more than 7%, hitting day lows. Volume traded is over 147,000.




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This article appears in: Investing , Commodities

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