'We are using a geoscientific exploration approach that is continually working on the property. We have identified a number of very large geophysical anomalies that tie in with large silica alternations that our initial drilling and geochemical sampling work show are coinciding with high-grade gold, silver and copper mineralization. These anomalies are mainly covered and as a consequence have never been explored, presenting us with very large unexplored targets that we know are hosting mineralization from multiple orogenic and intrusive related events across an 8,000 hectares (80 sq km) area. It is very exciting to see our exploration approach continuing to uncover more and more mineralization on the property,' said
'We have evidence of multiple mineral systems of both orogenic and intrusive-related mineralization at
Western Target
We have received the first samples from the Western target zone where at least one vein system is developing in a northeast-southwest direction, with a length so far of 933 m long and up to 300 m wide. We have received back 308 rock samples with grades up to 16.60 g/t gold and an average gold grade of 0.32 g/t gold, with 22 samples above 1 g/t gold. There are also samples with good grades of up to 1.15% copper, 249.00 g/t silver, 3.38% zinc and 1.29% lead
Contact:
Chief Executive Officer
E: info@reynagold.com
WEB: www.reynagold.com
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Cautionary Note Regarding Forward-Looking Statements
This press release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budgets', 'scheduled', 'estimates', 'forecasts', 'predicts', 'projects', 'intends', 'targets', 'aims', 'anticipates' or 'believes' or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions 'may', 'could', 'should', 'would', 'might' or 'will' be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements with respect to anticipated timing and results of the Company's drill programs. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading 'Risk Factors' in the Company's final long form non-offering prospectus dated
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