Reyna Silver Provides Exploration Updates for Batopilas, Medicine Springs, And Guigui

VANCOUVER, BC and HONG KONG, CHINA / ACCESSWIRE / May 2, 2023 / Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) ("Reyna'' or the "Company") is pleased to announce an update on its 2023 exploration programs at Batopilas, Medicine Springs and Guigui. Results from the previous drilling programs at each project triggered further studies as part of the reiterative process implicit in advancing strategic district-scale targeting. The work on all three projects has resulted in new targets for drilling this year.

"We look forward to advancing exploration on all three projects in the coming season, starting with drilling at Batopilas based on detailed geophysics, pioneering sampling and detailed structural studies. Then we'll be following up our 2022 reconnaissance drilling at Medicine Springs with airborne geophysics to help define drill targets for this summer," said Jorge Ramiro Monroy, CEO of Reyna Silver. "At Guigui, we are excitedly awaiting results from our recent geophysical surveys and to begin our collaboration with the University of British Columbia's MDRU Carbonate Footprints Research study alongside MAG Silver, Eldorado Gold, Anglo-American, and Rio Tinto. We are fully permitted and expect to drill at Guigui in the Fall."

Batopilas

The 1,850 ha Batopilas Project encompasses Mexico's historically highest-grade Silver District, which produced 300 Moz at average grades of 1,500 g/t Ag with Native Silver as the main ore mineral. The project seeks significant undiscovered portions of the mineralized system, including previously unrecognized gold-rich mineralization.

• Initial exploration focused on tracing known structures to the northeast of the historic mining area. Trenching along these structures revealed Silver mineralization grading 305 g/t to 42,302 g/t Ag, as well as, significant gold mineralization with assays as high as 21.4 g/t Au (see Press Release from February 4, 2021). This was the first time significant gold was found in the district.
• Follow-up drilling at Hole BA21-30, intercepted 3.2 m (core length) grading 703 g/t Ag and 3.03 g/t Au and the discovery of the NE-trending Cobriza vein (see Press Release from September 8, 2021).
• Continuing along this northeast trend, Hole BA21-34 intersected 0.25m grading 36.1 g/t Au, verified by Metallic Screen Assaying (see Press Release from April 12, 2022).
• Hole BA21-42A in the Orochi area cut 3.65m of 8.1 g/t Au at 180m downhole.

These results made it apparent that gold was a new significant element to the Batopilas district. Understanding how it fits within the district's overall framework is now critical to exploring this famous Native Silver district. The gold mineralization appears to originate from a different mineralizing event that utilized the same structures as the silver mineralization, but the gold mineralization is hosted in quartz veins, unlike the calcite, which hosts the native silver mineralization of the famous Batopilas ore shoots. The spatial overlap provides an exploration opportunity to leverage the gold mineralization to better understand the silver mineralization.