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Reyna Silver Announces Commencement of Drilling and Acquisition of Union Patented Claims
VANCOUVER, BC and HONG KONG / ACCESSWIRE / August 6, 2024 / Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) ("Reyna Silver") is pleased to announce that it has entered into an Option Agreement (the "Agreement") with Aulode LLC. ("Aulode") on …
VANCOUVER, BC and HONG KONG / ACCESSWIRE / August 6, 2024 / Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) ("Reyna Silver") is pleased to announce that it has entered into an Option Agreement (the "Agreement") with Aulode LLC. ("Aulode") on the Union Hill Project (the "Project") located in Eureka County, Nevada. Drilling commences imminently targeting the framework of this extensive system including identifying the level of oxidation, major potentially mineralized structures and critical ore-system exploration vectors.
The Union patented claim group has 10 newly staked claims (81 hectares) at the Company's 70% optioned Gryphon Summit project in Eureka/Elko Co, Nevada. Adding this to the recently announced Mineral Hill claim group acquisition (See Press Release of August 1, 2024) completes Reyna Silver's control of the 12,058.98 hectares of Gold, Silver and Critical Metals potential identified to date at Gryphon.
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Union Patented Claims encompass this historical high-grade Silver,-Lead-Zinc producing district. Mineralization was mined to the base of oxidation leaving the underlying sulfides untouched.
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Adding 233 unpatented claims (1900 hectares) means the company now controls all of the identified gold, silver and critical metals potential at Gryphon.
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Drilling will commence imminently- targeting the major potentially mineralized structures that define the framework of this extensive system, identifying the depth of oxidation, and critical ore-system exploration vectors.
"The Union patented claims were the last puzzle piece Reyna Silver needed to fully control Gryphon, providing the opportunity to take a serious look at Gryphon from new angles," said Jorge Ramiro Monroy, Reyna Silver President and CEO. "We can't wait to unleash our technical team's experience discovering major CRDs in a comprehensive attack on the entire district's combined Gold, Silver, plus Critical Metals endowment "
CRD systems are continuous, zoned, polymetallic deposits and following known CRD mineralization back towards its interpreted porphyry source is a key exploration element. Historic production in the Gryphon region occurred prior to the advent of contemporary high-recovery selective flotation metallurgy and focused almost exclusively on oxidized mineralization. This means unoxidized sulfide mineralization beneath the historical production zones remains to be followed through the balance of the CRD-Skarn-Porphyry continuum model Reyna Silver follows. Reyna Silver plans to immediately use the geometry and geochemistry of the historic Union and Mineral Hill CRD workings to vector towards underlying sulfide Ag-Pb-Zn mineralization. Notably, CRDs in in this part of Nevada, like the Eureka district 70km South of Gryphon and the Cortez Camp 50km to the west, are also known for their significant gold credits, generally believed to stem from a later overprint of Carlin-type gold mineralization (See Press Release of August 1, 2024). Both mineralization types are documented at Gryphon and the two mineralizing events exploited the same structural plumbing, so understanding the controls on CRD mineralization should enhance understanding the geometry of the entire system, including where concentrated Carlin-type gold may occur.
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