VANCOUVER, British Columbia and HONG KONG, June 30, 2021 (GLOBE NEWSWIRE) -- Reyna Silver Corp. (TSXV:RSLV; OTCQX:RSNVF; FRA:4ZC) (“Reyna”) is pleased to announce that it has started a 10,000 meter drill campaign at its Batopilas Project in Chihuahua Mexico.
“We are excited to see drilling at Batopilas. We are applying modern day exploration methods and new ideas to unlock the potential of a historic district believed to be the highest-grade silver system in Mexico’s history having produced an estimated 350,000,000 ounces of silver at an average grade of 1.5 kg/t,” commented Jorge Ramiro Monroy, CEO of Reyna Silver.
The drill program is following the targets established by Reyna’s technical team in the spring of 2021 exploration campaign which discovered multiple extensions to the 30 known veins in the district, as well as two new veins with multiple high-grade silver and gold sample results of up to 42,302 g/t Ag and 21.4 g/t Au. Most of the veins in the district have seen little to no modern-day exploration. Reyna Silver now owns the historic mine and controls the entire district.
Please click on the link below to see Peter Megaw introducing the Batopilas Project.
Click here to watch the video
Please click on the link below to see Reyna Silver’s CEO, Jorge Ramiro Monroy introducing the drill campaign at Batopilas.
Click here to watch the video
The attached map includes the locations of the planned drill holes.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1fe35d34-256c-4b27-a712-b097c3e80e26
About the Batopilas District
The Batopilas District lies in the heart of the Sierra Madre Occidental magmatic province. This province consists of two thick Tertiary volcanic sequences deposited on a basement of Mesozoic sediments, metasediments, and intrusive rocks. The lower part of the volcanic sequence, referred to as the "lower volcanic complex" is composed dominantly of andesite tuffs and flows with lesser dacites and rhyolites. The upper volcanic sequence, referred to as the "upper volcanic supergroup" is dominantly composed of welded rhyolite ash-flow tuffs with lesser andesites, dacites, and basalts erupted from caldera complexes. Numerous intrusions, mostly subvolcanic equivalents to the ex-trusive volcanic units, cut the basement rocks and the lower part of the volcanic sequence.
https://reynasilver.com/projects/batopilas
About Reyna Silver
Reyna Silver Corp. is a silver exploration company with a robust portfolio of silver assets in Mexico and the US. The Company was built around the Guigui and Batopilas Projects, which formed part of MAG Silver’s original IPO portfolio. It is also actively exploring the Medicine Springs project in Nevada, another CRD target and the La Reyna Project in Chihuahua, an epithermal vein project in the historic district of Cusihuriache Reyna’s strategy centers around leveraging its expertise in Mexico to explore projects that have the potential for high-grade, district-scale discoveries.
On Behalf of the Board of Directors ofReyna Silver Corp.
Jorge Ramiro Monroy
Chief Executive Officer
For Further Information, Please Contact:
Reyna Silver Corp.
Jorge Ramiro Monroy, Chief Executive Officer
info@reynasilver.com
www.reynasilver.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Videos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/51147933-c77c-4049-a08e-ec132916fb27
https://www.globenewswire.com/NewsRoom/AttachmentNg/5269b4f8-5058-4ffb-856b-7e1e3abf8d13
