Reyna Silver Corp V.RSLV

Alternate Symbol(s): RSNVF

Metals & Mining Silver

Reyna Silver Corp. is a Canada-based junior exploration and development company. It is focused on exploring district-scale silver deposits in Mexico and the United States. Its project includes Gryphon, Medicine Springs, Batopilas, Guigui, and others. The Company with Golden Gryphon USA Inc. jointly earn up to a 70% interest in the Gryphon Property is located in Eureka and Elko counties, Nevada. The Medicine Springs Project is located in the Ruby Mountain Valley, southeast of Elko, Nevada, with an area of approximately 4,831 hectares. The Batopilas Property is located in southwest Chihuahua, Mexico, covering over 1,183 hectares of land and 94% of the historic Batopilas Native Silver District. The Guigui Property is located in Chihuahua, Mexico with an area of 4,750 hectares and covers a major portion of the Santa Eulalia Mining District. Its El Durazno Project is located in the State of Sonora with almost 27,000 ha. of land area. Reyna Gold Corp. is a subsidiary of the Company.

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Reyna Silver Corp > Drilling Results?

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Comment by Rdjfarmson May 05, 2021 6:36pm

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Post# 33137501

RE:RE:Drilling Results?

I think the share price is sliding because there is a lot of warrants issued for the purchase of the La Chinche property that are in the money at current share price. January 1, 2021 3 million were issued as part of the sale with an exercise price of $0.75. I suspect a lot of these are getting expercised and sold. There are another 3.5 million being issued for July 1 2021 with an exercise price of $1.00...even more for Jan 2022 and July 2022.

I am more inclined to thinkt the reason for the delay is more due to the shear amount of drilling going on in Mexico and the backlog being created by covid and results are taking longer to get analysed.

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