Tag: Reyna Silver Corp.

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.

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.