The Company has identified 5 priority drill targets within the San Pablo Zone for testing during its planned 2013 drilling program.
--------------------------------------------------------------------------- Table 1 - 2012 EXPLORATION PITS SAMPLES---------------------------------------------------------------------------Exploration Width Au AgPit Sample # (m) Sample Type Rock Type (g/t) (g/t)---------------------------------------------------------------------------EP-SP11-TR-02 72710 1.00 Dip Heavy sulphide 31.78 19.6 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72711 1.00 Dip Heavy sulphide 31.09 19.8 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72712 1.00 Dip Heavy sulphide 10.03 14.6 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72713 1.00 Dip Heavy sulphide 1.50 1.9 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72715 1.00 Dip Heavy sulphide 17.98 18.2 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72717 1.00 Dip Heavy sulphide 13.23 9.8 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72718 1.00 Dip Heavy sulphide 6.97 4.5 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72720 1.00 Dip Heavy sulphide 10.46 3.6 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72722 1.50 True Thickness Heavy sulphide 5.11 1.3 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72723 2.00 True Thickness Heavy sulphide 5.21 3.3 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72724 2.00 True Thickness Heavy sulphide 10.02 7.4 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72725 1.50 True Thickness Heavy sulphide 3.46 4.7 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72726 1.50 True Thickness Heavy sulphide 4.36 3.7 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-02 72727 1.50 True Thickness Heavy sulphide 28.29 12.2 mineralized quartz vein---------------------------------------------------------------------------EP-SP11-TR-04 142822 1.00 Dip Qtz vein with 1.17 2.5 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142823 1.00 Dip Qtz vein with 1.17 7.3 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142824 1.00 Dip Qtz vein with 6.86 1.2 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142825 1.00 Dip Qtz vein with 0.62 0.9 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142826 1.00 Dip Qtz vein with 0.61 1.5 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142827 1.00 Dip Qtz vein with 0.60 1.0 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142828 1.50 Dip Phyllites 10.67 6.1---------------------------------------------------------------------------EP-SP11-TR-04 142829 2.00 True Thickness Qtz vein with 3.75 6.2 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142830 1.50 True Thickness Qtz vein with 0.70 1.2 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142831 1.50 Duplicate of Qtz vein with 2.21 4.7 142830 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142832 2.00 True Thickness Qtz vein with 1.21 2.7 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142833 2.00 True Thickness Qtz vein with 0.82 3.2 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142834 1.00 Dip Qtz vein with 0.60 1.1 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142835 1.00 Dip Qtz vein with 1.07 1.1 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142836 1.50 True Thickness Qtz vein with 0.29 1.8 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142837 2.00 True Thickness Qtz vein with 1.53 2.0 sulphides, galena, aspy, py---------------------------------------------------------------------------EP-SP11-TR-04 142838 1.50 True Thickness Qtz vein with 0.21 0.6 sulphides, galena, aspy, py------------------------------------------------------------------------------------------------------------------------------------------------------ Table 2 - 2011 - 2012 SAN PABLO TRENCHES RESULTS--------------------------------------------------------------------------- Width Au AgTrench Sample # (m) Sample Type Rock Type (g/t) (g/t)---------------------------------------------------------------------------SP11-TR-01 172606 1.0 Vertical Phyllites with 1.44 0.1 qtz veinlets---------------------------------------------------------------------------SP11-TR-01 172678 1.0 Floor Intercalated 6.68 5.2 quartz and schists---------------------------------------------------------------------------SP11-TR-01 172682 1.0 Strike Intercalated 4.22 4.1 quartz and schists---------------------------------------------------------------------------SP11-TR-01 172683 1.0 Strike Intercalated 1.02 1.2 quartz and schists---------------------------------------------------------------------------SP11-TR-01 172686 1.0 Strike Intercalated 2.10 1.2 quartz and schists---------------------------------------------------------------------------SP11-TR-01 172691 1.0 Floor Phyllites with 1.11 0.3 qtz veinlets---------------------------------------------------------------------------SP11-TR-02 172735 0.8 Strike Intercalated 5.65 5.5 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172736 0.8 Strike Intercalated 37.37 21.7 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172737 0.8 Strike Intercalated 5.51 4.0 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172738 0.8 Strike Intercalated 6.23 8.3 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172739 0.8 Strike Intercalated 21.73 6.6 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172740 0.8 Strike Intercalated 11.15 5.4 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172858 1.0 Floor Intercalated 3.59 3.3 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172859 1.0 Floor Intercalated 0.85 0.8 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172860 1.5 Floor Intercalated 13.67 8.5 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172861 1.0 Floor Intercalated 12.53 10.8 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172862 1.0 Floor Intercalated 15.40 8.9 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172863 1.0 Floor Intercalated 20.24 10.3 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172865 1.0 Floor Intercalated 2.75 1.0 quartz and schists---------------------------------------------------------------------------SP11-TR-02 172882 1.0 Vertical Phyllites with 20.60 7.9 qtz veinlets---------------------------------------------------------------------------SP11-TR-02 172883 1.0 Vertical Phyllites with 6.74 4.7 qtz veinlets---------------------------------------------------------------------------SP11-TR-02 172884 1.0 Vertical Phyllites with 2.50 1.7 qtz veinlets---------------------------------------------------------------------------SP11-TR-02 172885 1.5 Vertical Phyllites with 3.09 1.7 qtz veinlets---------------------------------------------------------------------------SP11-TR-03 172621 1.0 Floor Intercalated 3.07 0.8 quartz and schists---------------------------------------------------------------------------SP11-TR-03 172623 0.7 Strike Intercalated 2.37 2.3 quartz and schists---------------------------------------------------------------------------SP11-TR-03 172624 0.7 Strike Intercalated 1.28 2.4 quartz and schists---------------------------------------------------------------------------SP11-TR-03 172625 1.0 Floor Phyllites with 6.54 11.6 qtz veinlets---------------------------------------------------------------------------SP11-TR-03 172628 1.0 Floor Fault material 1.11 0.4 with quartz material---------------------------------------------------------------------------SP11-TR-04 172702 1.0 Floor Phyllites with 18.99 5.7 qtz veinlets---------------------------------------------------------------------------SP11-TR-04 172703 1.0 Floor Phyllites with 7.08 4.4 qtz veinlets---------------------------------------------------------------------------SP11-TR-04 172704 1.0 Floor Phyllites with 7.71 6.9 qtz veinlets---------------------------------------------------------------------------SP11-TR-04 172705 1.0 Floor Phyllites with 7.01 6.9 qtz veinlets---------------------------------------------------------------------------SP11-TR-04 172706 1.0 Floor Phyllites with 7.66 7.2 qtz veinlets---------------------------------------------------------------------------SP11-TR-04 172707 1.0 Floor Intercalated 1.00 9.0 quartz and schists---------------------------------------------------------------------------SP11-TR-04 172708 1.0 Floor Intercalated 5.22 7.4 quartz and schists---------------------------------------------------------------------------SP11-TR-04 172709 1.0 Floor Intercalated 2.00 3.7 quartz and schists---------------------------------------------------------------------------SP11-TR-04 172710 1.0 Floor Intercalated 1.92 4.5 quartz and schists---------------------------------------------------------------------------SP11-TR-04 172713 1.0 Strike Intercalated 2.44 2.0 quartz and schists---------------------------------------------------------------------------SP11-TR-04 172714 1.0 Strike Intercalated 1.48 1.0 quartz and schists---------------------------------------------------------------------------SP11-TR-04 172716 1.0 Strike Intercalated 1.04 1.6 quartz and schists---------------------------------------------------------------------------SP11-TR-04 172718 1.0 Floor Intercalated 5.40 4.5 quartz and schists---------------------------------------------------------------------------SP11-TR-04 172719 1.0 Floor Intercalated 32.10 11.6 quartz and schists---------------------------------------------------------------------------SP11-TR-04 172720 1.0 Floor Intercalated 15.78 18.4 quartz and schists---------------------------------------------------------------------------SP11-TR-04 172721 1.0 Floor Intercalated 8.25 3.0 quartz and schists---------------------------------------------------------------------------SP11-TR-04 172722 1.0 Floor Intercalated 1.92 1.6 quartz and schists---------------------------------------------------------------------------SP11-TR-04 172730 1.0 Vertical Disturbed area 8.09 10.3 with quartz fragments---------------------------------------------------------------------------SP11-TR-05 172755 1.0 Floor Intercalated 7.20 2.0 quartz and schists---------------------------------------------------------------------------SP11-TR-05 172756 1.0 Floor Intercalated 15.77 5.9 quartz and schists---------------------------------------------------------------------------SP11-TR-05 172757 1.0 Floor Intercalated 4.59 0.1 quartz and schists---------------------------------------------------------------------------SP11-TR-05 172760 0.8 Strike Intercalated 4.03 1.2 quartz and schists---------------------------------------------------------------------------SAM12-TR-09 142443 1.0 Floor Quartz vein 4.14 4.3 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142444 1.0 Floor Quartz vein 2.97 5.6 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142445 1.0 Floor Quartz vein 3.37 4.0 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142446 1.0 Floor Quartz vein 11.62 17.6 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142447 1.0 Floor Quartz vein 1.66 5.4 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142448 1.0 Floor Quartz vein 7.40 9.4 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142451 1.0 Floor Quartz vein 3.55 8.6 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142452 1.0 Floor Duplicate of 7.61 15.2 sample 142451---------------------------------------------------------------------------SAM12-TR-09 142453 1.0 Floor Quartz vein 9.75 14.8 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142454 1.3 Floor Quartz vein 20.41 22.2 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142455 1.7 Floor Quartz vein 3.87 7.6 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142456 1.0 Strike Quartz vein 6.66 5.9 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142457 1.0 Strike Quartz vein 4.96 8.9 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142458 1.0 Strike Quartz vein 5.73 12.8 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142459 1.0 Strike Quartz vein 5.73 13.7 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142461 1.0 Strike Quartz vein 5.56 13.8 with sulphides---------------------------------------------------------------------------SAM12-TR-09 142463 1.0 Vertical weathered 6.48 8.0 phyllites with qtz lenses---------------------------------------------------------------------------SAM12-TR-09 142464 1.0 Vertical weathered 2.85 5.7 phyllites with qtz lenses---------------------------------------------------------------------------
Note: Table 2 provides assay results for samples grading 1.0 g/t gold or greater.
Qualified Person
John M. Kowalchuk, P.Geo, a geologist and Company qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release on behalf of the Company.
On behalf of the Board,
Kim Evans, CGA, President & CEO
About Golden Reign:
Golden Reign Resources Ltd. is a publicly listed (TSX VENTURE: GRR) mineral exploration company engaged in exploring the San Albino-Murra Property and the El Jicaro Property, both of which are located in Nueva Segovia, Nicaragua.
The Company's land package comprises 13,771 hectares (138 km2) of highly prospective ground. Hundreds of historical mines and workings exist within the Corona de Oro Gold Belt, which is approximately 3 kilometres wide by 20 kilometres long and spans the entirety of the Company's land package.
For additional information please visit our website at www.goldenreign.com and SEDAR www.sedar.com.
Forward-Looking Statements: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Such forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of mineral properties interests, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties. Such information contained herein represents management's best judgment as of the date hereof, based on information currently available.
To view the maps accompanying this press release please click the following link: http://media3.marketwire.com/docs/GRMaps124.pdf
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Golden Reign Resources Ltd.
Kim Evans, CGA
President & CEO
(604) 685-4655 or Toll Free: 1-888-685-4655
(604) 685-4675 (FAX)
www.goldenreign.com
