Golden Reign Updates Nicaraguan Trenching Program; Shares Down 14%

By Midnight Trader,  January 14, 2013, 01:21:26 PM EDT

Golden Reign Resources Ltd. (GRR.V) has provided an update on the ongoing regional trenching program in the Southern District of its San Albino-Murra Property in Nueva Segovia, Nicaragua.

Trenching has outlined four parallel NE/SW trending mineralized zones ranging from 500 to 1,500 metres in length, all located within a 2.5 square kilometre area.

All four mineralized zones are situated within the Corona de Oro Gold Belt, which hosts the San Albino Gold Deposit with Indicated resources of 95,000 ounces gold equivalent at 8.47 g/t and Inferred resources of 805,000 ounces gold equivalent at 7.43 g/t.

GRR shares were off seven cents to $0.43.




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

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