Breaking News: Reyna Silver Reports High-Grade Silver and Gold Results from Batopilas Sampling 14,371 g/t Silver with 0.6 g/t Au Northeast of the Historic Silver Zone, and 32.6 g/t Au in Newly Recognized East Belt 2 km East of Silver Zone | Financial Buzz

Breaking News: Reyna Silver Reports High-Grade Silver and Gold Results from Batopilas Sampling 14,371 g/t Silver with 0.6 g/t Au Northeast of the Historic Silver Zone, and 32.6 g/t Au in Newly Recognized East Belt 2 km East of Silver Zone

Reyna Silver Corp. (OTCQX: RSNVF) (TSXV: RSLV) (FRA: 4ZC) (“Reyna“) is pleased to announce high-grade silver and gold results from its late 2021 to mid-2022 surface and in-mine sampling program focused on the area surrounding the Silver Zone of the historic Batopilas District, Chihuahua, Mexico. Batopilas is believed to be the highest-grade silver system in Mexico’s history, having produced an estimated over 300 Moz of native silver from ores that averaged over 1500 g/t. Reyna’s work has identified a previously unrecognized gold overprint on the silver mineralization (See Press Release of April 12, 2022) and the results reported here reflect districtwide exploration to understand how that gold fits into the overall district mineralization history.

Out of nearly 1500 samples, over 10% report between 1.1 and 32.6 g/t Gold and 6% report between 199 and 14,170 g/t Silver. About 25% report a combination of Gold and Silver, with 16 samples returning over 1 g/t Gold plus over 100 g/t Silver together (Table 1 to 4). These results extend several known Silver Zone vein structures by 300 to 1200m and identify 3 new silver and multiple new gold-silver veins in the largely unexplored East Belt 2 kilometers away on the east side of the Batopilas river. Further, the geochemical results appear to indicate that there are two separate gold stages superimposed on the silver mineralization in different parts of the camp, which indicates at least 3 mineralization stages, a hallmark of large, long-lived mineralization systems. The sampling program reported here is complemented by a new district-scale magneto-telluric (MT) geophysical survey and a detailed structural reanalysis. The results from these three facets will be combined to define targets for the next round of drilling.

Highlights

  • Identification of a new gold zone on the east side of the river – the East Belt – paralleling the Teodoro Gold Zone (previously the “NE Gold Zone”) which lies 2 km farther west.
  • 300-1500m extensions into under-explored areas of the high-grade Silver Zone veins.
  • 1458 sample results with 6% ranging from 199 to 14,170 gr/ton Silver with more than 10% reporting Gold values from 1.1 to 32.6 gr/ton (Tables 1 to 4)
  • Recognition of two geochemically distinct gold events superimposed on earlier silver.

“Our results from applying modern exploration techniques into the underexplored parts of the historic Batopilas district reinforce our belief that exploration has only scratched the surface in Mexico,” said Jorge Ramiro Monroy, Pres and CEO of Reyna Silver. “We are very excited to see what the drill reveals next, not only in these new additions to the Silver Zone, but in the new East Belt gold zone in the eastern part of the district”.

Dr. Peter Megaw, Chief Exploration Advisor elaborated, “Finding the previously overlooked Teodoro Gold Zone last year launched a multifaceted field program to figure out how gold fits into the overall picture for this remarkable silver, now silver-gold district. Impressive gold values were encountered when we moved into the under-explored East Belt Zone across the Batopilas River and the overall results not only give credence to the developing Batopilas gold story, but highlight underexplored opportunities in the Batopilas high-grade silver zone as well. We are eager to drill the combination of these sampling results with the forthcoming geophysical results and the recently initiated detailed structural study”.

Geochemical results indicate at least two different sources for the gold mineralization, a hallmark of a large, very active and well-mineralized system. The gold-bearing structures in the East Belt Zone are structurally similar to the Teodoro Zone (previously identified as the NE Gold Zone). However, although at least one of the East Belt gold vein types is geochemically allied to the Teodoro Gold Zone mineralization, the other is distinctly different. Encountering this parallel, multistage gold mineralization, albeit over 2 kilometers away, gives credence to a developing gold story at Batopilas.

Highlight Table

Sample Type Zone Sample Au ppm Ag ppm
Surface Ag 202349 0.6 14,170
Mine Interior Ag 196237 0.1 3,120
Mine Interior Au 202918 32.6 15.9
Surface Au 109436 30.6 16
Surface Au 202937 22.9 22
Surface Au + Ag 202105 16.4 67
Surface Au + Ag 202566 8.8 91
Surface Au + Ag 202984 19 2,090

Table 1. Highlights from each style of mineralization: Silver, gold, and silver-gold.

Figure 1. Map of the Batopilas District showing location of Selective Sampling survey results. Gold is in yellow, and Silver is in blue. The Porfirio Diaz Tunnel is in red. The location of drill holes from Phase 1 are in green, with the standout holes (BA21-30, 34 and BA21-40 and 42A) in black.

2022 Sampling and Exploration Program

The sampling program reported here stems from 2021-2022 geologic work and drilling that identified significant gold and mixed silver-gold mineralization outboard of the district’s historic high-grade silver center. That work dramatically increased the district footprint and highlighted additional areas with potential for new gold and silver veins and extensions of previously known veins. Sampling was performed along surface traverses guided by strong geological lineaments identified in satellite imagery, projections of structural trends recognized in old mines and zones where overlooked veins were suspected. A total of 1,458 samples were collected and submitted for assay with appropriate control duplicates, standards and blanks. At least 25 percent of the samples reported either strong silver or gold anomalies or combined silver-gold anomalies.

  • The East Belt is a new gold-silver zone identified on the east side of the Batopilas river, where only limited sampling had been done previously. The East Belt structures trend roughly parallel to the nearly N-S trend of the Teodoro Gold Zone discovered in 2021 over 2km to the north-west on the other side of the Batopilas river. The East Belt structures show both gold-dominant and mixed gold-silver zones as is seen at Teodoro (See Press Release, April 12, 2022). Geochemically, there appear to be two distinct gold mineralizing stages-one very similar to Teodoro, the other distinctly different. The three principal gold-rich veins of the East Belt include the new Las Pilas and Nestor veins and the southwestern extension of the historic Nevada-Valenciana native silver vein. (Figure 1., Tables 2 and 4).
  • Nine silver veins of the Silver Zone were delineated through surface and underground mapping and sampling, which extended them between 300 and 1200 m beyond their known lengths. The structures show the pinch and swell of thickness from 0.2 to 1m characteristic of Batopilas. All returned significant silver values, with most of them featuring samples with over 1,000 g/t Ag. Three of these structures have never been drilled, and two have seen very little drilling. The extensions of these veins clearly warrant further drilling and a number of additional structures with shorter recognized outcrop lengths remain to be mapped and sampled in detail. (Figure 1., Table 2 and 3)
  • The sampling program is complemented by a new district-scale magneto-telluric (MT) geophysical survey and a detailed structural reanalysis. The results from these three facets will be combined to define targets for the next round of drilling.

Table 2. The 16 samples returning over 1 g/t Gold plus over 100 g/t Silver together.

SAMPLE Au g/t Ag g/t
196104 1.6 983
202216 2.3 2180
202547 2.5 360
202586 1.3 255
202782 6.8 1090
202857 1.1 102
202971 1.3 151
202978 2.5 218
202979 1.1 116
202980 3.2 437
202982 1.9 210
202984 19.0 2090
202990 1.8 171
203079 1.5 176
203082 3.1 319

Table 3. Gold Results above 5.0 g/t Au. There are also 61 samples with grades from 0.5-1.0 g/t Au, and 66 samples at 1.0-5.0 g/t Au.

Type SAMPLE Au g/t Ag g/t
Surface 109423 5.9 3
Surface 109436 30.6 16
Surface 109437 15.7 15
Surface 109491 8.6 36
Small adit 187220 9.9 15
Small adit 187222 9.7 37
Old Adit 196211 7.8 41
Surface 196432 16.3 13
Surface 202105 16.4 67
Surface 202151 5.6 31
Small adit 202152 13.6 43
Mine Interior 202398 5.3 27
Mine Interior 202399 7.0 15
Mine Interior 202400 12.3 24
Surface 202423 6.7 29
Small adit 202466 7.4 4
Small adit 202469 9.7 15
Surface 202564 8.4 62
Surface 202566 8.9 91
Surface 202611 7.0 19
Surface 202612 12.6 47
Surface 202694 13.9 47
Surface 202705 5.9 20
Surface 202803 9.8 24
Surface 202808 7.9 54
Mine Interior 202918 32.6 16
Mine Interior 202919 14.2 10
Mine Interior 202920 19.6 16
Surface 202937 22.9 22
Mine Interior 202938 15.0 11
Mine Interior 202941 9.4 7
Mine Interior 202945 5.9 6
Surface 202955 5.9 12
Surface 203044 6.3 6

Table 4. Silver Results above 1,000 g/t Ag. In addition there are 20 samples with values between 300-600 g/t Ag, and 11 samples between 600-1000 g/t Ag. In total, 76 samples had grades greater than 199 g/t Ag.

Type SAMPLE Au g/t Ag g/t Location
Mine Interior 109402 0.09 1935 Hundido Mine
Mine Interior 196065 0.12 1045 Old Adit, no name.
Mine Interior 196096 0.08 1610 Old Mine
Mine Interior 196237 0.12 3120 Del Aire Mine
Mine Interior 196455 0.25 1140 Del Aire Mine
Mine Interior 202216 2.36 2180 Ciempies Mine
Mine Interior 202227 0.04 1875 Ford Tunnel
Mine Interior 202228 0.05 1550 Ford Tunnel
Mine Interior 202229 0.31 1450 Ford Tunnel
Mine Interior 202231 0.61 1920 Ford Tunnel
Mine Interior 202232 0.33 2080 Ford Tunnel
Mine Interior 202245 0.044 1505 Ford Tunnel
Mine Interior 202316 0.028 3190 Ford Tunnel
Mine Interior 202317 0.102 1065 Ford Tunnel
Surface 202349 0.64 14170 Surface
Mine Interior 202486 0.12 1440 Palo Mulato Mine
Surface 202641 0.18 3120 Surface
Surface 202782 6.88 1090 Surface
Surface 202984 19.0 2090 near Nestor

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