Markets

Golden Reign Resources Updates Resource Estimate for San Albino Gold Deposit

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 Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More