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Gold Mining Co. to Trade on TSX.V, Sampling Results Positive

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The Quick Take

  • Reyna Gold will commence trading on the TSX Venture Exchange under REYG on Jan. 11.
  • The exploration company will be listed as a Tier 2 Mining Issue.
  • Reyna's flagship project is La Gloria, a 24,215 hectare property in Sonora, Mexico.
  • New results from sampling La Gloria's Main zone showed the presence of high-grade gold mineralization.
  • The Main zone targets returning impressive gold grades, from highest to lowest, were Pique Viejo, Big Pit, Las Quintas, Las Quintas West, San Pedro, and Alamo Muerto.
  • The highest gold grade returned was 93.9 grams per tonne (93.9 g/t), in Pique Viejo.
  • The next best gold grades came from Big Pit, and included 46.1, 24.4 and 20.1 g/t.
  • Reyna plans to commence drilling at Big Pit and Pique Viejo next month, in February.

The timing of Reyna Gold Corp.'s (REYG:TSX) debut on the TSX Venture Exchange coincides with its news that sampling at La Gloria yielded positive results.

Results, now back for 1,252 surface and trench samples from La Gloria's Main zone, indicate several targets there demonstrated high-grade gold mineralization.

"The initial high-grade samples and high percentage of positive results [are] a great sign the team is unlocking the geological puzzle," Reyna CEO Michael Wood said in a news release.

The most prospective areas, in terms of gold grades, are Pique Viejo and Big Pit. Pique Viejo features deep, orogenic quartz veins, and Big Pit is a flat, thick shear zone that is exposed at surface.

In Big Pit, for instance, more than three-quarters, or 78%, or the samples taken there, returned a gold grade higher than 0.1 gram per ton (0.1 g/t). Twenty-three samples gold with a grade above 5 g/t.

At San Pedro, Las Quintas, and Las Quintas West, Reyna Gold will keep sampling and mapping.



1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Reyna Gold Corp. Click here for important disclosures about sponsor fees. 

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Reyna Gold Corp., a company mentioned in this article.

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