Reyna Gold Hits 0.99g/t Gold at La Gloria Project

Reyna Gold released an update on its Gryphon Summit project in Nevada, alongside the final results of its Phase 2 drilling campaign at the La Gloria property in Sonora, Mexico. Among La Gloria’s most relevant results are its 0.99g/t of gold. 

The Gryphon Summit project, explored under a 50/50 option agreement with Reyna Silver, is progressing toward an active drilling phase. The joint technical team has been developing exploration targets throughout the spring, and the project is now in the stage of building drilling pads and mobilizing rigs. Drilling is anticipated to commence in the coming days.

Meanwhile, the company has concluded its Phase 2 drilling at La Gloria in Sonora. Among the main results at La Gloria western target are one drill hole intersected 39.1m at 0.29g/t gold, including 4.85m at 0.99g/t gold. Another notable drill hole returned 14.2m at 0.26g/t gold. Additional results include 12.7m at 0.23g/t gold with a section of 3.3m at 0.92g/t gold, and another hole intersected 44.7m at 0.15g/t gold. 

Recent drill results continue to demonstrate significant mineralization, with grades comparable to other regional projects. “Coupled with the first results from drill holes with the extensive intervals intercepted with anomalies of zinc, molybdenum, and the same relationship of high bismuth values in relation to gold in the system, the project has great potential for a large intrusive ore body at depth and the opportunity for new discovery on the Caborca Gold Belt," said Ariel Navarro, Vice President of Exploration, Reyna Gold.

In the La Republicana zone, results were equally encouraging. A drill hole intersected 35.2m at 0.23g/t gold, with an additional 13.70m at 0.19g/t gold. Another drill hole revealed 25.3m at 0.23g/t gold, along with a significant intersection of 1.6m containing 0.50% copper, 71.82g/t silver, and 0.55% lead. Another drill hole in this zone returned 44.7m at 0.15g/t gold. The exploration indicates a mineralized zone approximately 200m by 150m, with potential for multiple parallel systems.

Reyna Gold said it is exploring avenues to maximize the project’s value, including potential joint ventures, partnerships, or a sale of the property, as the La Gloria project has already garnered interest from several nearby producers.