VANCOUVER, BC and HONG KONG, CHINA / ACCESSWIRE / January 17, 2023 / Reyna Silver Corp. (TSXV:RSLV) (OTCQX:RSNVF) (FRA:4ZC) (“Reyna” or the “Firm”) is happy to report high-grade silver outcomes from the preliminary four-hole, 1,850m, Section 1 reconnaissance drilling program at its 4,831 hectare, 100% owned Drugs Springs Venture in Elko County, Nevada. That is the primary time Drugs Springs has been drilled beneath a contemporary district-scale/ore-systems strategy, so the corporate spaced their holes extensively on the Golden Pipe, Silver Butte, and Silver King Goal areas to find out broad system parameters (Determine 1).

• Holes drilled to depth lower 400-750m of excessive potential carbonate host rocks (Fig. 3).
• The primary gap (MS22-001) lower the perfect mineralization, which reported 2.4m (drilling thickness) grading 1,021 grams/tonne (31 oz/T) Silver.
• Gap MS22-002, drilled 1.75 km to the southwest within the beforehand undrilled Silver Butte space, lower 7.4m (drilling thickness) averaging 186 g/t Ag plus 3.7% Pb and 1.0% Zn, together with 4.7m of 274 g/t Ag plus 5.6% Pb and 1.5% Zn (Desk 1).

Desk 1. Spotlight Desk from the preliminary Section 1 Drilling.

Gap	From (m)	To (m)	Size* (m)	Ag (g/t)	Pb (%)	Zn (%)
MS22-001	190.5	192.92	2.4	1,021	0.04	0.04
MS22-002	73.91	81.38	7.4	186	3.7	1.0
together with	75.29	80.01	4.7	274	5.6	1.5

*Core size in gap, true thickness not but determinable.

“We’re delighted to hit high-grade silver within the first holes in our preliminary reconnaissance drilling marketing campaign,” stated Jorge Ramiro Monroy, CEO of Reyna Silver. “With this, Drugs Springs takes its place alongside Guigui and Batopilas as a Reyna Silver-quality challenge. We look ahead to following up on these outcomes after we resume drilling later this yr.”

“Efficiently intercepting Bonanza-grade mineralization in such a thick host rock part lets us confidently examine off two of an important options we wish to see early in any CRD exploration program,” stated Dr. Peter Megaw, lead technical advisor of Reyna Silver. “Outcomes like these -from simply 4 holes unfold over 1.7 km- affirm that Drugs Springs has potential as a significant CRD district. Now we have to hold drilling to determine the place all of it got here from.”

 

Determine 1. Map of Drugs Springs Venture with drill gap location and projections in black. The space from MS22-001 to MS22-002 is 1.75km, and about 900m to MS22-004. Goal areas -Golden Pipe, Silver King, and Silver Butte- are denoted in blue. Anomalous Geochemical Zones recognized throughout the Jasperoid Selective Sampling Survey are in inexperienced for Ag, yellow for Pb-Zn, and pink for Cu (See Press Launch from January 10, 2022).

HIGHLIGHT RESULTS:

• Excessive-grade silver intercept within the first gap, MS22-001, 2.4m of 1,021 g/t Ag from 190.5m on the Golden Pipe Goal.
• 7.47m of 186 g/t Ag (together with 4.7m of 274 g/t Ag) lower within the never-before-drilled Silver Butte space over 2.8 km to the southwest.
• The three holes drilled to depth lower 400-750m of high-potential carbonate rocks, which provides the system considerable room to develop to depth (See Fig. 3).
• All holes lower broad zones of pervasive alteration and “Fugitive Calcite” veining typical of large-scale CRD methods.

Drilling outcomes shall be compiled with present geochemical and geophysics to refine targets for drilling later within the yr utilizing our stock of permitted pads.

ABOUT MEDICINE SPRINGS

Drugs Springs reveals most of the key options related to giant, high-grade Carbonate Alternative Deposits (“CRDs”)(See Press Launch from January 10, 2022) (See Fig. 2). Section 1 Drilling program was designed to check sure key options of the challenge’s general framework to confirm challenge potential. These included:

• Stratigraphy – figuring out the thickness of probably favorable carbonate host rocks (Fig. 3)
• Construction – testing the constructions that management the well-zoned, mineralized jasperoids to depth.
• Zoning – figuring out broad-scale zoning and vectors in direction of the supply of mineralizing fluids.
• Oxidation – figuring out the depth of oxidation and transition to sulphides.
• Geophysics – ground-truthing geophysical anomalies with 3D geological knowledge.

Determine 2. The Drugs Springs challenge reveals 11 of 13 key options on the “CRD Guidelines”. Excessive-iron sphalerite was recognized for the primary time in drill core, bringing the whole to 11. These point out a long-lived, multistage, alternative mineralization system.

Determine 3. Drill gap part of Gap MS22-001. A thick part of Carbonate rocks, one of many key substances of a Carbonate Alternative Deposit, dominated the 787.9m gap. A number of, felsic intrusions of differing compositions have been additionally recognized within the gap, a sign of a multi-phase system and one other key function of CRDs (See Fig. 2).

The rock formations are a part of the Permian Park Metropolis Group. The Gerster and Arcturus Formations are predominantly limestone. The Plympton and Kaibab Formations are dominated by dolostone.

Desk 2. Detailed Main Intercepts

Gap quantity	From (m)	To (m)	Size (m)	Ag (g/t)	Pb (%)	Zn (%)
MS22-001	114.30	119.46	6.59	32	1.0	0.3
together with	114.30	115.21	0.91	52	1.0	0.1
together with	116.23	117.81	1.58	71	1.0	0.8
together with	117.96	118.57	0.61	38	0.6	0.6
MS22-001	190.50	192.92	2.42	1,021	0	0
together with	190.50	191.87	1.37	1,140	0	0
together with	191.87	192.92	1.05	866	0	0
MS22-002	73.91	81.38	7.47	186	3.7	1
together with	75.29	77.72	2.43	241	5.1	1.7
together with	77.72	80.01	2.29	310	6.1	1.3
MS22-004	19.12	20.82	1.70	53	1.7	0
together with	19.12	20.00	0.88	42	1.4	0
together with	20.00	20.82	0.82	64	2.1	0

QUALIFIED PERSON

Dr. Peter Megaw, Ph.D., C.P.G., the Firm’s Chief Exploration Advisor and Certified Individual, reviewed the technical features of the exploration initiatives described herein and is chargeable for the design and conduct of the exploration program and the verification and high quality assurance of analytical outcomes. Dr. Megaw is just not impartial as he and/or firms with which he’s affiliated maintain Internet Smelter Royalties on the Guigui and Batopilas Initiatives that predate Reyna Silver buying them.

ABOUT REYNA SILVER

Reyna Silver Corp. (TSXV: RSLV) is a growth-oriented junior exploration and improvement firm centered on exploring for high-grade, district-scale silver deposits in Mexico and USA.

Reyna’s principal properties are the Guigui and Batopilas Properties in Chihuahua, Mexico. Guigui covers the interpreted supply space for the Santa Eulalia District and Batopilas covers most of Mexico’s traditionally highest-grade silver system. The Firm additionally has an possibility to accumulate 80% of the Drugs Springs property in Nevada, USA in addition to the early stage La Durazno and Matilde and La Reyna mineral properties in Mexico.

This doc accommodates “forward-looking statements” inside the that means of relevant Canadian securities laws. All statements apart from statements of historic truth herein, together with, with out limitation, statements concerning exploration outcomes and plans, and our different future plans and targets, are forward-looking statements that contain varied dangers and uncertainties. Such forward-looking statements embrace, with out limitation, our estimates of exploration funding, the scope of our exploration applications, and our expectations of ongoing administrative prices. There will be no assurance that such statements will show to be correct, and future occasions and precise outcomes might differ materially from these anticipated in such statements. Necessary components that would trigger precise outcomes to vary materially from our expectations are disclosed within the Firm’s paperwork filed once in a while through SEDAR with the Canadian regulatory companies to whose insurance policies we’re certain. Ahead-looking statements are based mostly on the estimates and opinions of administration on the date the statements are made, and we don’t undertake any obligation to replace forward-looking statements ought to situations or our estimates or opinions change, besides as required by regulation. Ahead-looking statements are topic to dangers, uncertainties and different components, together with dangers related to mineral exploration, worth volatility within the mineral commodities we search, and operational and political dangers. Readers are cautioned to not place undue reliance on forward-looking statements.