Last C$0.13 CAD
Change Today -0.015 / -10.34%
Volume 59.0K
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As of 12:45 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

golden reign resources ltd (GRR) Snapshot

Open
C$0.13
Previous Close
C$0.14
Day High
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Day Low
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52 Week High
09/18/13 - C$0.30
52 Week Low
11/27/13 - C$0.12
Market Cap
15.1M
Average Volume 10 Days
40.3K
EPS TTM
C$-0.01
Shares Outstanding
116.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GOLDEN REIGN RESOURCES LTD (GRR)

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golden reign resources ltd (GRR) Details

Golden Reign Resources Ltd. engages in the acquisition, exploration, and evaluation of mineral properties. The company primarily explores for gold and silver deposits. It owns 100% interests in the San Albino-Murra Property and the El Jicaro Property, which together cover a land package of 138 square kilometer, and are located in Nueva Segovia, Nicaragua. The company was incorporated in 2004 and is headquartered in Vancouver, Canada.

golden reign resources ltd (GRR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$103.0K
Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

golden reign resources ltd (GRR) Key Developments

Golden Reign Resources Ltd. Provides Updated Mineral Resource Estimate for the San Albino Gold Deposit on its 100% Owned San Albino-Murra Property

Golden Reign Resources Ltd. provided an updated mineral resource estimate for the San Albino Gold Deposit on its 100% owned San Albino-Murra Property located in Nueva Segovia, Nicaragua. The resource estimate was prepared by P&E Mining Consultants Inc. (P&E) of Brampton, Ontario, and updates the previous resource estimate prepared by P&E in November 2012. Resource estimate highlights: a 67% increase in Indicated resources, from an initial 95,000 gold equivalent (AuEq) ounces to 158,800 AuEq ounces at 5.97 g/t contained in 827,000 tonnes; a 8.5% increase in Inferred resources, from 805,000 AuEq ounces to 873,300 AuEq ounces at 7.97 g/t contained in 3,410,000 tonnes; new El Jobo mineralized zone identified and included in open-pittable resources; the San Albino Gold Deposit is near-surface, within 300 metres vertical depth, and remains open along strike in both directions and at depth.

Golden Reign Resources Ltd. Reports Results from Initial Drill Testing at the Mina Francisco Prospect, in the Southern District of its an Albino-Murra Gold Property, Nicaragua

Golden Reign Resources Ltd. reported results from initial drill testing at the Mina Francisco prospect, located in the Southern District of its San Albino-Murra Gold Property, Nicaragua. Mina Francisco is an underground working from the 1920's recently rehabilitated by the Company. Historically, very limited work was conducted there, with minimal material removed. Situated approximately 1.5 kilometres south of the San Albino Gold Deposit, it lies at the northeast end of the third of five mineralized areas discovered by the Company by sampling and trenching programs conducted since 2011. The San Albino Gold Deposit is the first of the five areas slated for development by the Company. The $15.0 million gold streaming arrangement with Marlin Gold Mining Ltd., which covers a 3.5 square kilometre area of interest, continues to progress and the parties expect the transaction will complete shortly. The remaining four areas, all of which lie outside of the Marlin AOI, are characterized by similar mineralogy, grades and thicknesses as those outlined at San Albino, and offer potential for future open-pit development. In 2012, the company systematically sampled the near-surface Mina Francisco vein which has been exposed for 12 metres in strike length and 7 metres down-dip at a depth of only 5 metres from surface. Continuous underground channel sampling returned an average thickness of 1.56 metres grading 13.04 g/t gold and 22.7 g/t silver. Underground channel sampling highlights include: 2.0 metres of 33.35 g/t gold and 42.8 g/t silver; 2.0 metres of 26.45 g/t gold and 30.7 g/t silver; 2.0 metres of 23.87 g/t gold and 40.8 g/t silver; Recently, the Company drilled a vertical hole approximately 21.3 metres southwest of the Mina Francisco adit entrance and intersected high grade mineralization across 2.4 metres averaging 12.52 g/t gold and 33.6 g/t silver. Mineralization, including visible gold, was found in the quartz vein and the surrounding schist country rock. The drill intercept approximates the true thickness of the flat lying, highly mineralized zone and both extends and confirms continuity and grade of the zone. The Mina Francisco prospect represents the northeast extension of the third of five parallel, highly mineralized areas. This third zone, referred to as the Intermediate Area, currently has a 750 metre strike length, and is open in both directions and at depth. The test hole at Mina Francisco is the sixth drill hole to successfully intersect mineralization in the Intermediate Area. The Company has previously tested the southwest end and middle of the Intermediate Area. Over 300 metres to the southwest of Mina Francisco, at a vertical depth from surface of approximately 55 metres, drilling returned the following true-width mineralized intersections: INT13-01 2.5 metres averaging 15.69 g/t gold and 15.5 g/t silver; INT13-02 3.0 metres averaging 3.39 g/t gold and 10.3 g/t silver; INT13-03 21.3 metres averaging 7.20 g/t gold and 14.2 g/t silver; including 5.0 metres averaging 28.45 g/t gold and 53.7 g/t silver; Drill results to date indicate good continuity of the near surface, high grade mineralization.

Golden Reign Resources Ltd., Annual General Meeting, Jun 26, 2014

Golden Reign Resources Ltd., Annual General Meeting, Jun 26, 2014., at 10:00 Pacific Daylight. Location: Offices of DuMoulin Black LLP, 10th Floor. Agenda: To receive and consider the report of the directors and the financial statements of the company, together with the auditor's report thereon for the financial year ended April 30, 2013; to fix the number of directors at eight; to elect directors for the ensuing year; to appoint the auditors for the ensuing year; to approve an ordinary resolution approving and ratifying the company's currently implemented Stock Option Plan, subject to regulatory approval; to approve the amendment to the exercise price of certain stock options previously granted to Insiders of the company; to approve an ordinary resolution confirming, ratifying and approving the Company's Advance Notice Policy; to approve the Amended and Restated Shareholder Rights Plan Agreement dated as of May 22, 2014 between the company and Computershare Trust Company of Canada; and to transact such further or other business as may properly come before the meeting and any adjournments thereof.

 

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