The Buzz Surrounding Reyna Silver Corp. (TSX-V: RSLV) (OTCQX: RSNVF) | Financial Buzz

The Buzz Surrounding Reyna Silver Corp. (TSX-V: RSLV) (OTCQX: RSNVF)

Reyna Silver Corp. (TSXV: RSLV) is a growth-oriented junior exploration and development company focused on exploring for high-grade, district-scale silver deposits in Mexico and USA.

Reyna’s principal properties are the Guigui and Batopilas Properties in Chihuahua, Mexico and the Medicine Springs property in Nevada, USA.

 Guigui covers the interpreted source area for the Santa Eulalia Carbonate Replacement District (CRD) and Batopilas covers most of Mexico’s historically highest-grade silver system. 

Our Behind the Buzz Show Featuring Reyna Silver Corp.

Investor Recap

Projects

 High-Grade, District-Scale Assets

Guigui Project

Prime Location.

Located in Chihuahua, Mexico with an area of 4,750 hectares and covers a major portion of the Santa Eulalia Mining District, the world’s largest known Carbonate Replacement Deposit (CRD) system.

 

Historically-rich Mining District.

Santa Eulalia Mining District has a recorded pro- duction of nearly 450 million ounces of silver and substantial amounts of lead and zinc mined from the period 1702-2001.

 

District-scale project.

Project has large land position South and Central to major mining areas to accommodate the exploration of the district scale CRD.

 

Great Exploration Potential.

The initial 12,000-meter drill campaign is currently underway. Exploration will continue to search for the concealed intrusive center of the CRD considered to be related to the district scale mineralization.

Panoramic view from the northern limit of the Guigui Property showing the San Antonio Graben

Example of cores from the previous drilling programs at Guigui.

Well-maintained core storage facility at Guigui.

Batopilas Project

Prime Location.

Located in SW Chihuahua, Mexico covering 1,183 hectares of land and 94% of the historic Batopilas Native Silver District.

 

Exceptional Mining District.

The Batopilas Mining District is one of the few mining districts where the major mineral is native silver. The purity level of this occurrence can be up to 75% Ag.

 

Well-studied Area.

Many studies of the district already characterized the occurrence and geometry of the ore, and its relationship to surrounding deposits in the area.

 

Encouraging Drill Result.

Drilling in 2005 intercepted 20 cm of brecciated vein con- taining 19 Kg/t (614 oz/t) of Ag. High grade samples obtained by Reyna Silver ranging from 305 to 42,302 g/t silver and 1.03 to 21.4 g/t gold.

Batopilas Minerals. Silver herringbone crystal with black argentite (acanthite), about 3 cm long. Min. Record, V.17, No.1, p. 68, Fig 9.

Batopilas Minerals. Spiky silver crystals to 2cm. Min. Record, V.17, No.1, p. 68, Fig 10.

Medicine Springs Project

Excellent Location.

Located in the Ruby Mountain Valley, south east of Elko, Nevada, with an area of 4,831 hectares. Accessible to Elko City, which serves as a major support base for numerous large gold mines currently operated by Newmont Mining & Barrick Gold.

 

Historical Producer.

Produced around 160 tonnes Pb, 800 kg of Zn and 500 kg of Ag from numerous surface and underground mine workings between 1910 to 1956.

 

High Exploration Potential.

Current exploration aims to define high-grade carbonate replacement deposit (CRD) sulfide mineralization at depth. Previous exploration already identified a strong NE-trending Pb-Zn-Ag soil anomaly with >2000 meters length and width ranging 350-500 meters.

 

Geological Setting.

Geological setting analogous to Taylor-Hermosa Zn-Pb-Ag deposit in Arizona (acquired by South32 for $CAD 1.9 billion in 2018).

Recent Developments

May 26, 2022 - Reyna Silver Commences Exploration Program at Medicine Springs With Over 5,000 Metres of Drilling Planned

Reyna Silver Corp. (TSXV:RSLV);(OTCQX:RSNVF);(FRA:4ZC) (“Reyna” or the “Company”) is pleased to announce commencement of its 2022 exploration program on the 4,831 hectare Medicine Springs Project (“Medicine Springs”) in Nevada. Medicine Springs is an 80% Earn-In from Northern Lights Resources (CSE: NLR) (“Northern Lights”) and shows many of the earmarks of a significant Carbonate Replacement Deposit (CRD) similar to the Santa Eulalia District in Chihuahua Mexico which hosts Reyna’s Guigui Project.

2022 Exploration Program Includes

  • Refining drilling targets based on on-going reevaluation of historic geological, geochemical, and geophysical data provided by Northern Lights and combining them with Reyna’s Selective Jasperoid Sampling survey completed in January, which returned strong results for Silver, Lead, Zinc, and Copper, including over 1,000 g/t silver in two samples (see press release dated Jan. 10, 2022 and below);

  • Conducting additional field studies to fine-tune drill targets including in-fill Jasperoid sampling in the most anomalous areas;

  • Permitting the upcoming campaign through the Bureau of Land Management (BLM) Notice of Intent (NOI) process;

  • Organizing camp and drilling support logistics; and

  • Undertaking a fully budgeted 5,000-7,000 m of drilling in H2, 2022.

“We are excited to kick off our fully-funded, drilling-focused exploration campaign at Medicine Springs, which preliminary work indicates is a fully-preserved CRD system,” commented Jorge Ramiro Monroy, Reyna Silver’s CEO. “Medicine Springs is emerging as the third keystone in our portfolio of district-scale silver projects, and we look forward to uncovering its potential as we keep Guigui and Batopilas moving ahead full steam.”

“We are very eager to get drills turning on Medicine Springs where we’re seeing 10 out of the 13 hallmarks of a long-lived, multi-phase CRD system even before the rigs show up,” said Dr. Peter Megaw, Chief Technical Advisor of Reyna Silver, “We’re very pleased to see how our fieldwork has complemented the solid foundation Northern Lights put together for the project.”

Medicine Springs hosts Carbonate Replacement Deposit (CRD) mineralization exposed at a very high level marked by a very well-developed swarm of multi-stage NE-SW trending jasperoid-barite veins that cut across the entire property. These veins are inferred to mark the principal hydrothermal fluid pathways, so earlier this year Reyna Silver conducted a Selective Jasperoid Sampling survey focused on them (see Press Release dated Jan.10, 2022). The results show zoning of Copper, Lead-Zinc, and Silver and are interpreted to indicate a CRD mineralization center at depth.

Historic data from Northern Lights for the property cover: small-scale early 20th Century mining; more contemporary shallow reverse-circulation and core drilling primarily focused on near-surface oxide targets; magnetics and CSAMT geophysics; and extensive rock chip and soil sampling. Comparison of the combined Northern Lights and Reyna field data to Reyna’s CRD continuum exploration model supports the idea that the full CRD spectrum is present within the land position….

For full release: https://finance.yahoo.com/news/reyna-silver-commences-exploration-program-110000078.html

April 12, 2022 - Reyna Silver Discovers High-Grade Gold Zone in The Northeastern Part of Batopilas Project Highlights Include 3.65m Grading 8.18 g/t Au Including 1.65m Grading 12.75 g/t Au

Reyna Silver Corp. (TSXV:RSLV; OTCQX:RSNVF; FRA:4ZC) (“Reyna” or the “Company“) is pleased to report results from 19 holes totaling 7964 meters (m) of the 10,000-meter Stage 1 drilling program, on its 100% owned Batopilas Project in southwestern Chihuahua, Mexico. This drilling program follows up on high-grade gold values discovered during a 2021 trenching program (See press release of February 4, 2021), and subsequent high-silver and gold mineralization intersected in Hole BA21-30 (See press release of September 8, 2021).

Highlights

  • A high-grade gold zone is emerging in the northeastern (NE) portion of the claim package showcased by Hole BA21-42A (See Table 1).

  • The NE gold zone overlaps the southwestern (SW) native silver zone, indicating two overlapping mineralization sources (Figure 1).

  • Building on the new exploration potential presented by these recent discoveries, the company immediately initiated a selective sampling survey to be followed by a detailed structural study and additional geophysics to refine drill targeting.

Table 1. Highlights from Hole BA21-42A

Hole ID#

to

from

width (m)

Au (g/t)

BA21-42A

179.85

189.20

9.35

3.38

including

180.20

183.85

3.65

8.18

including

182.20

183.85

1.65

12.75

As silver explorers we came to Batopilas – historically the highest-grade Native Silver District in Mexico – to look for silver, and now we’re unexpectedly finding minable widths of high-grade gold. This new zone of parallel gold-bearing veins in the NE opens up exciting new exploration opportunities for both the gold and the silver,” said Jorge Ramiro Monroy, CEO of Reyna Silver. “Finding visible gold in core was thrilling, but to confirm the conventional assay results we had many intercepts reanalyzed by Metallic Screen Assay, which gives a more accurate result for visible gold. As expected, this showed significantly higher grades than standard methods both for key drill holes reported previously and the intercepts reported here. A good example of this is the 0.25m high-grade intercept in Hole 34, which increased from 28.7 g/t Au to 36.1 g/t Au.”

Multiple mineralization centers showing different styles of mineralization are hallmarks of important precious-metals districts, so finding high-grade gold in addition to the historic high-grade silver is a very positive reason to take a new look at our district-scale vision,” said Dr. Peter Megaw, Chief Exploration Advisor to Reyna Silver. “We need to try to link the gold and silver centers by improving our understanding of the plumbing through a new structural study followed by some geophysics-hopefully this should open a number of new potential target areas.”

Click here to watch Jorge Ramiro Monroy and Dr. Peter Megaw talk about the recent drill results.

Building on the high-grade gold intercept found in BA21-34 in the Teodoro and Orochi vein area, additional drilling in the area focused on identifying the characteristics of the gold mineralization. Holes BA21-40 to BA21-42A intersected zones carrying visible gold surrounded by more dispersed gold mineralization associated with pyrite and amphiboles (Table 2). This is a marked divergence from the calcite-dominant veins which contained the district’s historic native silver ore.

Table 2. Drill results from the NE gold zone.

Hole ID#

from (m)

to (m)

width (m)

Au (g/t)

BA21-40

55.15

56.60

1.45

6.87

including

55.15

55.50

0.35

11.55

and

56.30

56.60

0.30

18.95

BA21-42A

179.85

185.25

5.40

5.68

including

180.20

185.25

5.05

6.05

including

180.20

183.85

3.65

8.18

including

182.20

183.85

1.65

12.75

and

180.20

180.95

0.75

9.55

Based on the high-grade gold and silver mineralization cut by Hole BA21-30, the program then moved south to the Cobriza area to drill six holes (BA21-43 to BA21-49). While gold grades decreased relative to the NE zone, this area contained discrete styles of both silver and gold mineralization in proximity to one another. This leads us to believe that there are probably two mineralization centers generating different styles of mineralization.

Figure 1. Map of gold and silver zones identified during Stage 1 drilling at Batopilas. Nine holes, BA21-35 to BA21-42A and BA21-50, focused on the Teodoro and Orochi area revealed the NE Gold zone (upper right portion of the map). Six holes, BA21-43 to BA21-49, were drilled proximal to the Cobriza Native-silver vein extension (middle of the map). Four holes, BA21-51 to BA22-54, focused on the SW (bottom left of the map). BA21-55 was in the Tecario vein area (near the Porfirio Diaz Tunnel, bottom right of the map)….

For full release:  https://finance.yahoo.com/news/reyna-silver-discovers-high-grade-110500374.html

April 7, 2022 - Reyna Silver Follows Up Discovery Hole GG21-28 - Expands Mineralized Skarn Footprint to 0.5 KM2 and - Finds Multiple Indications of High-Level Mineralization

Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) (“Reyna” or the “Company“) is pleased to report results from its 8,000 m Phase 2 drilling program on its 100% owned Guigui Project in the heart of the historic more than 500 million ounce Santa Eulalia Silver District in central Chihuahua-Mexico’s largest Carbonate Replacement Deposit (CRD). Reyna’s exploration is focused on finding the source of the system and believes that Phase 1 Hole GG21-28, which cut multi-stage Silver-Copper-Zinc-Lead sulphide-mineralized skarn (high-temperature alteration) overprinted on a previously unknown highly-felsic intrusive lies close to that inferred source (See Press Release of Oct., 28, 2021).

Phase 2 follow-up drilling was designed with two goals. The first was to take aggressive step-outs from GG21-28 to determine the extent and zoning of that mineralized skarn. Four of the five Phase 2 holes cut intrusive-hosted mineralized skarn very similar to that in GG21-28 (Table 1), significantly increasing confidence in the expanded mineralization footprint, which now covers an area of at least 0.5 km2. The second important focus was to look within the overlying 1,200m thick historically productive limestone sequence for mineralization potentially sourced from the mineralized skarn. Silver-bearing sulphide veins ranging from a few centimetres to 4.5 metres wide (core length) cutting massive limestone were identified in 4 of 5 holes between about 340 and 720m above the mineralized skarn zone (Table 2). These are all high-angle structures that closely resemble “feeder” or “bleeder” structures that extend to and from major replacement bodies in the historic mines and may provide important mineralization vectors moving forward. Phase 3 will focus on seeking massive sulphide replacement mineralization related to these upper-level structures while continuing to zero in on the source of the district.

Highlights from the Phase 2 Drilling Program:

  • Holes drilled 650, 770, and 1089 metres from discovery Hole GG21-28 (as well as from the same pad) all intersected varying thickness and grades of intrusive-hosted mineralized skarn. The mineralized skarn footprint now exceeds 0.5 km2 (Fig.1)

  • Hole GG21-31, 650m north of Hole 28, intersected 34.5m of mineralized skarn including 2.62m of 130 g/t Ag with 0.7m of 338 g/t Ag (Table 1).

  • Four holes intersected high-angle silver-bearing sulphide veins 342 to 719m above the mineralized skarn, including Hole GG21-30 which reported 2.11m of 233 g/t Ag (Table 2).

  • “With Hole 28, we were excited to discover strongly mineralized skarn and are delighted that our aggressive Phase 2 step-outs expanded the skarn footprint so dramatically. We are equally pleased to have cut multiple high-angle silver-rich veins higher in these holes. These were probably fed by the underlying skarns and are the type of structures the old-timers chased towards the district’s famous silver-rich orebodies,” said Jorge Ramiro Monroy, CEO of Reyna Silver. “Phase 2 has given us multiple targets and areas of interest to follow up, which validates our commitment to true district-scale exploration. We have already begun the groundwork in preparation for our minimum 8,000m, fully-financed, Phase 3 drilling campaign.”

    “When we’re exploring at district-scale, we follow up a discovery hole like Hole 28 with widely spaced drilling to determine the variations and scope of the mineralization. A 0.5 km2 footprint of repeatedly mineralized skarn with multiple overlying mineralized structures is extremely encouraging and gives us two exciting exploration targets to pursue,” said Dr. Peter Megaw, Chief Exploration Advisor for Reyna Silver. “The first thing is to try following the high-level structures into high-grade, limestone-hosted massive sulphide mineralization like that mined historically in the district. Then we can seek high-volume mineralized skarn related to the district’s source intrusion – a key piece of the puzzle and a principal component of our ongoing exploration program. We are currently concatenating all the data to strategically target Phase 3 drilling.”

    Table 1. Mineralized Skarn Highlights in Hole GG21-31.

    Hole ID#

    From (m)

    To (m)

    Width (m)

    Ag (g/t)

    Pb (%)

    Zn (%)

    Zone

    GG21-31

     

    1,304.73

    1,307.35

    2.62

    130

    0.17

    0.17

    Silver Zone

    including

    1,305.75

    1,306.45

    0.70

    338

    0.44

    0.42

    with

    1,305.75

    1,305.93

    0.18

    1,040

    1.47

    0.45

     

    1,337.65

    1,340.80

    3.15

    54

    2.17

    9.94

    Zinc-Lead Zone

    including

    1,337.65

    1,339.50

    1.85

    128

    3.69

    16.00

    Table 2. Silver-bearing Sulphide Veins in upper-level, limestone-hosted structures.

    Hole ID#

    From (m)

    To (m)

    Width (m)

    Ag (g/t)

    Pb (%)

    Zn (%)

    GG21-30

     

    643.80

    645.80

    2.00

    106

    0.12

    0.24

     

    887.69

    889.80

    2.11

    233

    0.02

    0.02

    GG21-31

     

    547.58

    548.78

    1.20

    105

    4.88

    0.62

    GG21-33

     

    648.03

    652.54

    4.51

    106

    0.88

    0.11

    Phase 2 Drilling

    Phase 2 was an aggressive follow-up of Hole GG21-28, which intersected multi-stage Silver-Copper-Zinc-Lead sulphide-mineralized skarn (high-temperature alteration) overprinted on a previously unknown highly-felsic intrusive (See Press Release of XX/YY 2022). Phase 2 consisted of 5 holes, GG21-29 to GG21-33, totaling 8,562m drilled in a 50 ha (0.5km2) area within Reyna’s 4,750 ha (47.5 km2) Guigui concession package (Figure 1). Working outwards from Hole 21-28, targets were designed to determine the extent and zoning of that mineralized skarn by integrating the results of Phase 1 with detailed surface mapping and geochemistry, airborne geophysics, and hyperspectral satellite imagery all plugged into our district exploration model based on 300 years of historic underground mining. After the completion of each hole, results were remodeled, and targets were modified accordingly. Relative to Hole GG21-28: Hole GG21-30 was 777m east, Hole GG21-31 was 615m north, Hole GG21-32 was 1089m east, and Hole GG21-33 was drilled from the same pad (Figure 1). Notable results from Holes GG21-30 to GG21-33 are presented in Table 3

    Figure 1. Map of the combined Guigui Property showing its location south of the historic district mines and locations of drill holes described in the release. The most recent Reyna Silver drill holes are black, prior Reyna Silver drill holes are in grey, and the MAG Silver drill holes are in pale grey.

    Four of the five Phase 2 holes succeeded in intersecting intrusive-hosted mineralized skarn (Table 1). The best hole was GG21-31, which cut 35.5m reporting 2.35% Zinc, 40 g/t Silver, and 0.44% Lead; including 3.15m assaying 9.9% Zinc, 54 g/t Silver, and 2.1% Lead and a separate 0.7m grading 338 g/T Silver, 0.42% Zn and 0.44% Lead. These individual high-grade zones are very similar to those of GG21-28, which significantly increases confidence in the expanded mineralization footprint, which now covers an area of at least 0.5 km2.

    The second important focus of Phase 2 drilling was to look above the mineralized skarn zone within the overlying 1,200m thick historically productive limestone for mineralized structures potentially sourced from the mineralized skarn. Silver-bearing sulfide veins ranging from a few centimetres to 4.5 metres wide (core length) cutting massive limestone were identified in 4 of 5 holes between about 340m and 720m above the mineralized skarn zone. Hole 30 cut two such structures the better of which cut 233 g/t silver over 2.1m (Table 2). These are all high-angle structures that closely resemble “feeder” or “bleeder” structures that extend to and from major replacement bodies in the historic mines and may provide important mineralization vectors moving forward.

    The two near end-members of the CRD spectrum emerging from Phases 1 and 2 provide critical tools for focusing ongoing exploration (See Figure 3 for a simplified CRD model). Phase 3 will focus on the upper-level structures potentially indicative of massive replacement mineralization while continuing to hunt for the source of the district…

  • For full release: https://finance.yahoo.com/news/reyna-silver-follows-discovery-hole-110000163.html
January 10, 2022 - Reyna Silver Refines Medicine Springs High-Grade Focus via District-Wide Jasperoid Selective Sampling: Returning High-Grade Silver Including over 1,000 g/t Ag in Two Samples

Reyna Silver Corp. (TSXV:RSLV); (OTCQX:RSNVF); (FRA:4ZC) (“Reyna” or the “Company”) is pleased to report results from its district-wide selective jasperoid-based sampling program at its 4,831 hectares, 80% Earn-In from Northern Lights Resources, Medicine Springs Project in Nevada. The program aimed to determine if the jasperoids signaled a distal expression of a deeper mineralizing system. The results reveal a classic CRD Silver-Lead-Zinc-Copper zonation and outline the NE-SW trending structures that channeled mineralizing fluids. Combining these results with the lidar-like survey highlights an 800-hectare area where targets are being developed for the upcoming drilling season.

“The results of this selective sampling program are some of the best I’ve ever seen from CRD jasperoids. They appear to support our thesis that what we see at Medicine Springs is high-level leakage from a multi-stage mineralization center at depth,” said Dr. Peter Megaw, Reyna’s Chief Exploration Advisor. “Jasperoids typically mark a geochemically-zoned shell around many CRDs worldwide. This sampling program appears to have narrowed us down to an area with consistently high metals values where we will focus some additional fieldwork leading up to an aggressive drilling program, which we hope to permit and drill in 2022.”

“Of course, seeing high-grade silver numbers, up to 1,000 g/t Ag in two samples, is exciting, but Medicine Springs keeps exceeding even our expectations. From the start, Reyna’s technical team recognized the hallmarks of a district-scale CRD at Medicine Springs and that it was ripe for applying the exploration model they have successfully used in Mexico. We immediately expanded our claim package to cover what we believe is the entire district and executed this jasperoid program to sharpen our targeting”, noted Jorge Ramiro Monroy, CEO of Reyna Silver. “We are satisfied that these results warrant aggressive drilling and allow Medicine Springs to take its place with Guigui and Batopilas as the third member of our high-grade silver project portfolio.”

Medicine Springs hosts Carbonate Replacement Deposit (CRD) mineralization exposed at a very high level marked by well-developed multi-stage NE-SW trending jasperoid-barite veins. Systematic sampling (657 samples) of these veins throughout a 6 by 6 km area returned very strong results for Silver (37 samples returned over 66 g/t), Lead and Zinc, with modest Copper along a prominent NE-SW-trending structural network (See Table 1 and Figure 1). The best results are concentrated in an area about 3 x 4 km, which extends over 2 km to the east and south of the area of historic prospecting and exploration drilling. The results appear to reflect a classic Copper-Zinc-Lead-Silver zoning pattern potentially related to the system’s intrusive source. Definition of targets to permit for drilling in 2022 will be based on these results combined with a reinterpretation of existing geological and geophysical data, a Lidar-like survey, and additional detailed mapping and sampling.

Element

Range

Area (km)

Ag

37>66 (2 oz) high of 1200

2 x 4

Pb

51> 1% Pb, to 20% 18 > 4%

3 x 5

Zn

148 > 500 ppm, 24> 1%, 2>10%

2 x 2.5

Cu

20>100 ppm, 10> 200 Max 845

2 x 2.5 NE

Mn

202 > 500 ppm

ubiquitous

Table 1: Geochemical anges from Jasperoids within the overall Medicine Springs Project area.

Medicine Springs Jasperoids

Jasperoids (pervasively silica-replaced limestone) are a high-level and distal alteration style typical of many CRD systems. They tend to be geochemically zoned with respect to the intrusive source and major mineralization fluid channelways, making them a useful sampling basis for determining system-wide zoning. At Medicine Springs, well-developed and laterally continuous jasperoid veins and pods were recognized along multiple parallel NE-SW trending structures within an area of about 6 x 6 km. These veins extend well beyond the areas of historic small-scale mining and very shallow drilling, so Reyna sampled them systematically to determine if a mineralization center or centers could be defined.

 

The sampling showed that many of the jasperoid veins are multi-stage, with episodes of structural movement separating passage of repeated pulses of mineralizing and altering fluids.The individual jasperoid stages were sampled separately, and certain stages were found to have stronger geochemical signatures than others. The sampling shows very strong results for Silver, Lead and Zinc, with lesser Copper concentrated in an area about 2 x 4 km aligned with several parallel NE-SW-trending structural zones. The samplers also documented that the number of stages shown by individual jasperoid veins is zoned with respect to these structural zones. The highest number of stages corresponds to the zones of strongest geochemical results. Importantly, the strongly anomalous area extends over 2 km to the east and south of the area of historic prospecting and exploration drilling and leads right up to the limit of the outcrop.

The geochemical results reveal a broad classic zoning pattern from northeast to southwest of Copper to Zinc to Lead to Silver to Manganese. Pathfinder elements (As, Sb, Hg, Se, Te, V, W) are also strong throughout the anomalous zone, and work is underway to determine their relationship to possible “hot spots .”Tungsten (W) is high locally and may be indicative of proximity to major fluid channelways. The most robust consistent copper values cluster near the northeastern limit of outcrop, suggesting the system may continue under alluvium for some distance.

Combining these initial jasperoid results and the lidar-like survey with existing geophysics, geological mapping and soil sampling alongside follow-up additional sampling will refine the zoning patterns and help define drilling targets in the principal area of interest.

Figure 1. Composite map showing the highest jasperoid geochemical results for Silver, Lead, Zinc, and Copper within the overall Medicine Springs Project area.

For full release: https://finance.yahoo.com/news/reyna-silver-refines-medicine-springs-130000423.html

October 28, 2021 - Reyna Silver Encounters Multiple High-Grade Sulphide Zones Within 54.9 Metres of Near-Source Style Skarn at Guigui

Reyna Silver Corp. (TSXV:RSLV; OTCQX:RSNVF; FRA: 4ZC) (“Reyna” or the “Company”) is pleased to report initial results for its 13-hole Phase 1 drilling program on its 100% owned Guigui Project in central Chihuahua, Mexico. The program was designed to narrow down the location of the probable source intrusion for the Santa Eulalia District- Mexico’s largest known Carbonate Replacement Deposit (CRD). Two holes have cut a previously unknown rhyolitic intrusion over 200 m thick that has extensive high-grade sulphide mineralization along its base. The most significant hole was GG21-28 which intersected 54.90 m (core length) of pervasive multi-stage epidote skarn alteration cut by at least 4 overprinted sulphide mineralization stages. Individual sulphide stages show distinctive silver, lead, zinc, and copper grades indicative of repeated pulses of mineralizing fluids (Figure 2 and Table 1). This combination of repeated sulphide mineralization overprinting pervasive high-temperature alteration (“skarn”) within a highly felsic intrusion strongly suggests that Hole GG21-28 lies close to the undiscovered source of the Santa Eulalia CRD system.

“We are very pleased that our broadly-spaced systematic drilling program appears to have led us to the threshold of the source of this important historic district. Our main goal for Phase 1 was to locate high-grade mineralization associated with the right style of intrusion, and it turns out we have discovered not only the largest intrusive ever found in the district, but it’s the first mineralized skarn ever seen in Guigui.” stated Jorge Ramiro Monroy, Reyna Silver’s CEO. “We are well funded and look forward to additional success from our aggressive follow-up Phase 2 drilling program”.

See Video Link below with Peter Megaw Discussing the drill results.

The entire 54.90 m skarn zone in GG21-28 is mineralized, but there are 4 principal sulphide-rich stages starting 1300 m downhole (Table 1). The uppermost sulphide zone is silver-rich, averaging 184 g/t (5.9 oz/t) Silver over 2.3 m (core length), but this includes a 0.59 m interval of 523 g/t (16.8 oz/t) Silver. Beneath this is a higher Zinc (to 18.35% Zn) zone with distinctly lower Silver. Following a zone of weakly sulphidized skarn lies a narrow Copper-rich stage (to 1.58% Cu) with moderate Zinc. The lowest 15 m of the mineralized skarn is the most pervasively mineralized and shows consistently high Zinc (to 15.2% Zn) with relatively low Lead except for a discrete galena-rich band grading 10.5% Lead and 99 g/t Silver.

This is exactly what our exploration model says you should expect to see when approaching the hub of a major CRD mineralization center”, said Dr. Peter Megaw, Reyna Silver’s Chief Exploration Advisor. “These successive sulphide stages provide strong evidence for the passage of repeated pulses of mineralizing fluids that emanated from a nearby, probably multiphase intrusive center that we are closing in on. This is a breakthrough that means we now have a starting point for exploring upwards into the thick overlying limestone package – where the sulphides should become higher grade, while simultaneously trying to pin down the source intrusion – where the skarn should become more extensive and better mineralized. We eagerly look forward to fleshing out both legs of our CRD model with our Phase 2 drilling”…

For full release: https://finance.yahoo.com/news/reyna-silver-encounters-multiple-high-100000939.html

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