Golden Reign Resources Updates Resource Estimate for San Albino Gold Deposit

By Midnight Trader,  January 07, 2013, 11:41:28 AM EDT

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.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Tutu Scoops Templeton Prize
Tutu Scoops Templeton Prize         
Death at Notre Dame
Death at Notre Dame                 


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%