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Reyna Silver (TSXV:RSLV) and Reyna Gold (TSXV:REYG) have commenced drilling at the Gryphon Summit Project in Nevada, USA. The program targets the first-ever Carbonate Replacement Deposit (CRD) prospects within the recently consolidated 12,058-hectare Gold, Silver, and Critical Metals project. The companies are executing a 3,000-metre drilling program, focusing on three main target areas:
1. Union: Newly acquired patented claims allowing exploration of deeper sulfides.
2. 007 Zone: Reinterpretation of structures with 20-25 g/t Gold potential.
3. Sadler: Area with high-grade Copper (1% to 11.6%) and Silver (120 to 1322 g/t) in breccias and veins.
The project aims to identify oxidation levels, potentially mineralized structures, and fundamental ore-system exploration vectors. Reyna Silver and Reyna Gold are earning a 70% interest in the project from Golden Gryphon USA Inc.
Reyna Gold Corp. (TSXV:REYG)(OTCQB:REYGF) has provided an update on its Gryphon Summit project in Nevada and announced final drilling results from its La Gloria property in Sonora, Mexico. Highlights from La Gloria include:
- Western target: LG-23-58 showed 39.10m of 0.29 g/t Gold including 4.85m of 0.99 g/t Au
- La Republicana: Step-out drilling hit broad intersects of gold mineralization near surface
- LG-23-49: 35.20m of 0.23 g/t Gold & 13.70m of 0.19 g/t Gold
The company is now shifting focus to the Gryphon Summit project, which will commence drilling this summer. Reyna Gold is exploring options to extract value from La Gloria through a JV, partnership, or sale.
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Reyna Gold Corp. (TSXV:REYG)(OTCQB:REYGF) announced the appointment of Bethany Terracina as Vice President of Investor Relations on April 20, 2023. Terracina, formerly with Canaccord Genuity, brings experience from roles at New Pacific Metals Corp. and EMBERS Canada. CEO Michael Wood expressed enthusiasm about her experience in marketing and corporate communications in the mining sector.
As part of her appointment, Reyna Gold plans to grant 150,000 stock options to Terracina, which will vest over 12 months, pending TSX Venture Exchange approval. Reyna Gold focuses on gold exploration in Mexico, with major assets in the Mojave-Sonora Megashear and Sierra Madre Gold and Silver Belt, covering over 57,000 hectares.
Reyna Gold Corp. has initiated mobilization for Phase 2 diamond drilling at its La Gloria Property in Sonora, Mexico, aiming for a minimum of 5,500 metres across four target areas. The drilling will commence at the La Republicana site with an initial 20 holes designed to explore the extensions of the main vein, which previously yielded 1.45 g/t Gold over 59.00m. The enhanced geological understanding through recent Induced Polarization (IP) surveys has revealed new targets at depth, expanding the exploration potential.
Reyna Gold Corp. has reported significant exploration results from its La Gloria Property in Sonora, Mexico, expanding the mineralization footprint at the Las Carmelitas, La Republicana, and Western targets. High-grade samples include 9.47% Copper, 11.90 g/t Gold, and 135.00 g/t Tellurium. The Las Carmelitas target's size has increased to 2.5km by 1.7km, while the Western target has also shown promising results. The company plans to resume diamond drilling in early March 2023. Reyna continues to explore with a focus on identifying supergene enrichment zones, enhancing its potential for substantial mineralization.
Reyna Gold Corp. (TSXV:REYG)(OTCQB:REYGF) has announced encouraging results from ongoing exploration at its La Gloria Property in Sonora, Mexico. High-grade samples include up to 56.90 g/t Gold, 733.00 g/t Silver, and 3.60% Copper. Significant mineralization is reported across multiple zones, with key findings at La Republicana and Las Carmelitas. The company is conducting additional geophysical surveys and plans to resume drilling in areas with identified high-grade targets, covering approximately 8,000 hectares. The results indicate potential for substantial mineral resources.
Reyna Gold Corp. has announced promising results from its ongoing 10,000m exploration drill program at the La Gloria Property in Sonora, Mexico. Recent drilling produced significant findings, including 59.0m of 1.45 g/t gold in drill hole LG-22-30 and 5.5m of 935 g/t silver in drill hole LG-22-028. These results validate Reyna's geological exploration strategy and suggest a substantial mineral system. The company plans to resume drilling by mid-September as it refines its targets.
Reyna Gold Corp. (TSXV:REYG)(OTCQB:REYGF) announced the issuance of 670,000 incentive stock options as part of its 10% rolling stock option plan. The options can be exercised at a price of $0.40 per share and are valid until June 9, 2027. Out of the total, 420,000 options vest immediately, while 250,000 options for a consultant will vest over 12 months, releasing 62,500 options every three months. Reyna Gold is focused on gold exploration across over 57,000 hectares in Mexico.