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June 25, 2014
NEWS RELEASE - #14-7
TSX- V: GRR
MINA FRANCISCO HIGH GRADE GOLD ZONE EXTENDED BY DRILLING;
RETURNS 2.4 METRES OF 12.52 G/T GOLD AND 33.6 G/T SILVER
Golden Reign Resources Ltd. (TSX-V: GRR) (the "Company") is very pleased to report results from initial
drill testing at the Mina Francisco prospect, located in the Southern District of its flagship San Albino-Murra
Gold Property (the “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 US$15.0 million gold
streaming arrangement with Marlin Gold Mining Ltd., which covers a 3.5 square kilometre area of interest
(the “Marlin AOI”), 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 (see news release September 24, 2012). 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 (see attached map) 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.
Hole ID
INT13-10
including
including
From (m)
8.50
8.50
9.90
To (m)
10.90
9.90
10.90
Width (m)
2.40
1.40
1.00
Au (g/t)
12.52
17.90
4.98
Ag (g/t)
33.6
22.8
46.4
Description
Mina Francisco Zone
Quartz vein
Footwall – Schist
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 (see news releases dated February 22, 2012 and September 11, 2013). 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
INT13-02
INT13-03
including
2.5 metres averaging 15.69 g/t gold and 15.5 g/t silver
3.0 metres averaging 3.39 g/t gold and 10.3 g/t silver
21.3 metres averaging 7.20 g/t gold and 14.2 g/t silver
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.
Recent detailed prospecting and mapping of the Mina Francisco area over a strike length of 300 metres has
resulted in the discovery of: a second collapsed tunnel; several ventilation shafts; and, ten historical pits, some
up to 15 metres long.
The existence of these handmade historical pits strongly suggests that the mineralized zone continues to occur
very close to surface, is shallow dipping with a tendency to follow topography and extends further along strike
and down dip. Further, the pits confirm the open-pit potential of this target. Sampling of the historical pits
and float returned high grade assays of up to 59.40 g/t gold and 45.2 g/t silver. Select results from sampling
of the historical pits follow:
Type of Working
Historical Pit #1
Historical Pit #2
Historical Pit #4
Historical Pit #5
Historical Pit #5
Historical Pit #7
Historical Pit #9
Historical Pit #10
Sample #
142922
117713
117714
117319
117320
117715
117322
117323
Description
Chip Channel, 1.0 metre wide, mineralized quartz vein
Float, quartz with sulphides
Float, quartz with sulphides
Oxidized quartz float
Duplicate
Float, quartz with sulphides
Oxidized quartz float
Oxidized quartz float
Au (g/t)
34.34
14.04
1.68
7.04
5.48
4.20
59.40
20.01
Ag (g/t)
26.6
29.8
4.1
19.0
18.7
5.4
45.2
17.1
Qualified Person
John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and
approved the technical information contained in this news release. Mr. Kowalchuk is a senior geologist
consulting to the Company.
On behalf of the Board,
“Kim Evans”
Kim Evans, CGA
President & CEO
About Golden Reign:
Golden Reign Resources Ltd. is a publicly listed (TSX-V: GRR) mineral exploration company engaged in exploring the
San Albino-Murra Property and the El Jicaro Property, both of which are located in Nueva Segovia, Nicaragua.
The Company’s prime objective is to bring its San Albino Gold Deposit into production quickly and efficiently, building
cash flow to further advance a number of its other highly prospective exploration targets.
The Company’s land package comprises 13,771 hectares (138 km2) of highly prospective ground. Hundreds of historical
mines and workings exist within the Corona de Oro Gold Belt, which is approximately 3 kilometres wide by 20
kilometres long and spans the entirety of the Company’s land package.
For additional information please visit our website at www.goldenreign.com and SEDAR www.sedar.com.
Forward-Looking Statements: Some of the statements contained herein may be forward-looking statements which
involve known and unknown risks and uncertainties. Such forward-looking statements are subject to a variety of risks
and uncertainties which could cause actual events or results to differ materially from those reflected in the forwardlooking statements, including, without limitation, risks and uncertainties relating to political risks involving the
Company’s exploration and development of mineral properties interests, the inherent uncertainty of cost estimates and
the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate
financing on a timely basis and other risks and uncertainties. Such information contained herein represents
management’s best judgment as of the date hereof, based on information currently available.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.