Golden Reign acquires El Jicaro concession in Nicaragua
Golden Reign Resources has acquired a new property, the El Jicaro Concession located in Nueva Segovia, Nicaragua from a third party, individual Nicaraguan title holder.
The concession covers an area of 5,071 hectares is located adjacent to its flagship San Albino-Murra Property.
The El Jicaro Concession encompasses the southwest extension of the mineralized structures currently being drill tested by three active drill rigs on the San Albino-Murra Property.
The company's current land package is 13,771 hectares which contains numerous historical mines and workings exist along a structural corridor approximately 3km wide by 20 km long.
Aggregate costs incurred to purchase and transfer title of the mining exploration and exploitation license were $150,000.
The El Jicaro Concession license is valid for a period of twenty-five years, until September 28, 2033.
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