Permits Received And Drill Mobilization For Medicine Springs Project


VANCOUVER - Reyna Silver Corp. has received drilling permits and has begun mobilizing for its fully budgeted initial 4,000m Phase 1 drilling program on the 4,831 hectares Medicine Springs Project in Elko Co., Nevada. Reyna can Earn-In an 80% interest in the project from Northern Lights Resources. Medicine Springs lies just southeast of Elko, NV on the eastern side of the Ruby Mt. Range. Geological features identified at Medicine Springs indicate the presence of a Carbonate Replacement Deposit (CRD) exposed at a very distal level, suggesting that the entire CRD-Porphyry continuum should be intact. Regionally, Medicine Springs lies in a belt of highly productive Porphyry Copper systems, so it is possible that the intrusive driver of mineralization at Medicine Springs may also be an economically important target.

Drilling targets for the Phase 1 drilling campaign at Medicine Springs are defined by reinterpretation of controls on historically mined high-grade mineralization combined with new detailed structural, geochemical, and geophysical field studies of the area. Holes are designed to define key parameters of the Carbonate Replacement Deposit (CRD) mineralization including: thickness of the favorable host rock package; continuity of the well-defined mineralized structures to depth; and key features of mineralization that support Reyna's proprietary exploration model for the project.

"Medicine Springs has revealed strong indicators of being a high-grade, district-scale CRD play and we are really excited about being the first group to evaluate it on that basis", said Jorge Ramiro Monroy, CEO. "Now that we have our permits in hand we are mobilizing quickly to drill our first targets, which are designed to define the project's overall framework and see how much mineralization we can find."