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Tag: Reyna Silver Corp.

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Reyna Silver Corp. (TSXV:RSLV) – Drilling Identifies High-Grade Gold Zone at Batopilas

Reyna reported results from 19 holes (7,964m), part of its 10,000m Stage 1 drill program at its 100%-owned Batopilas Ag-Au project in Chihuahua, Mexico. The results are from the southwestern part of the project, near historic mine workings, the central Cobriza vein area, as well as the Teodoro and Orochi vein areas in the northeast, which followed up on gold-bearing veins encountered in earlier drilling. Drilling has further identified a high-grade Au zone emerging in the northeast overlapping the predominantly silver-rich southwestern zone, confirming the presence of multiple mineralization centers at the property. We believe these are positive results, as they further delineated the previously unknown high-grade gold-rich veins in the northeast. We do note that not all holes encountered high-grade mineralization, but there is an extensive vein system apparent on the property that appears worthy of additional follow-up work.

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Red Cloud | redcloudfs.com

Reyna Silver Corp. (TSXV:RSLV) – Drilling Expands Mineralized Skarn Footprint

Reyna reported results from its phase 2 drill program (8,000m) at its 100%-owned Guigui project in Mexico. The company has two goals with the Phase 2 program: 1) widely spaced holes to follow-up on skarn encountered in hole GG21-28 from Phase 1 drilling, and 2) test for mineralization in the overlying limestone sequence. Overall, we believe these are positive results for Reyna, as they significantly expand the footprint of the buried skarn discovered in Phase 1 drilling. The overarching goal at Guigui is to find the source of the Santa Eulalia CRD system, the largest of its kind in Mexico, that has been mined for centuries to the NW and NE of Reyna’s property. Reyna appears to be succeeding in this goal, as results further delineate a skarn system with CRD-related mineralization in the overlying rocks.

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Red Cloud | redcloudfs.com

Red Cloud’s 2022 Very Pre-PDAC Mining Showcase – Day Three Recap

Last Friday, Red Cloud hosted the third and final day of its Very Pre-PDAC Mining Showcase, which featured 39 presenting companies including a keynote speech by Joe Mazumdar, Editor/Analyst and Publisher of Exploration Insights and had over 1,750 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. Replays are available on the Red Cloud website.

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Red Cloud | redcloudfs.com

Reyna Silver Corp. (TSXV:RSLV) – Initial Drilling at Guigui Points to Discovery of Source Intrusion

Reyna reported initial drilling results from its Phase 1, 13-hole program completed at its 100%-owned Guigui project located in Mexico. Overall, we consider the results to be a technical success since the program was designed to zone in on the source intrusion of the Santa Eulalia Carbonate Replacement Deposit (CRD), and drill results suggest that Reyna is very close to the source. As outlined in our initiation report, we view Reyna as one of the best silver explorers in the market given its strong management team and high-quality projects. We believe that investors should keep a close eye on this stock given the exploration potential at Guigui and Batopilas, projects with both high-grade and size potential.

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Red Cloud | redcloudfs.com

Red Cloud Oktoberfest: Fall Mining Showcase 2021 – Day Two Recap

Yesterday, Red Cloud hosted the second day of its three-day 2021 Oktoberfest Fall Mining Showcase, which featured 28 presenting companies including our keynote speaker Matthew Watson, Founder and President of Precious Metals Commodity Management, and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event (see our Day One recap here). If you would like to attend Day Three of Red Cloud’s Oktoberfest Fall Mining Showcase, register here. Replays are available on the Red Cloud website.

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Q3 Producer Preview & Commodity Price Update – Lowering Gold Price Forecasts While Most Commodities Increased

Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.

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Reyna Silver Corp. (TSXV:RSLV) – Initial Drill Results at Batopilas Return High-Grade Ag-Au

Reyna reported initial drilling results from its 100%-owned Batopilas project in Mexico. The results are from the first seven holes, totaling 1,095m, from the ongoing 10,000m Stage 1 drill program. Batopilas is known for high-grade native Ag veins, and initial drilling did not disappoint. However, the extensive gold encountered, not only in the Teodoro vein but also with the high-grade silver, is a bit of a positive surprise.

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Red Cloud | redcloudfs.com

Reyna Silver Corp. (TSXV:RSLV) – Leading the Hunt for Silver

We are initiating coverage on Reyna Silver Corp. with a BUY (Speculative) rating. The company is at an exploration stage, and our rating is based on the strength of the management team and projects, giving the company a strong chance of exploration success. Reyna is a silver exploration company with projects in Mexico and Nevada. It is drilling at is flagship Guigui project and at its high-grade Batopilas project, both in Mexico. In our view Reyna is one of the best silver explorer investments at this time given its particularly strong mix of management team and projects. We believe that now is a great opportunity to get in, as the company is drilling projects with both known high grades and size potential.

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