VANCOUVER, BC / HONG KONG, CHINA / ACCESSWIRE / November 29, 2023 / Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) ("Reyna Silver") and Reyna Gold Corp. (TSXV:REYG)(OTCQB:REYGF) ("Reyna Gold"), joint venture holders of the 10,300-hectare Gryphon Summit project in Elko County, Nevada (See Press Release of September 5, 2023), arepleased to report that the companies are undertaking an independent NI43-101 compliant technical report incorporating over 30 years of technical data from generally shallow-focused gold exploration on the property. Reyna Silver is leading the process and their exploration team is already working with the enormous database assembled by the vendors. A joint technical team will be deployed soon for re-logging and strategic re-assay of all historical sampling and drilling. This includes the recent (2021-2022) 12-hole, 3,090 metre drilling program by Agnico Eagle that cut gold over significant widths in 9 out of the 12 holes drilled (See Highlight Table below). Older drilling results will be reported once the 43-101 report is complete and filed. The project came with valid permits for a number of drill pads in areas with strong prior results that can be readily reoccupied.

Gryphon Summit lies within the Carlin and Battle Mountain-Eureka gold trends, and gold has logically been the focus of recent (1970s-date) exploration on the property, primarily by Majors. However, historic mining (1890s-1920s) exploited silver-lead-zinc mineralization geologically similar to that mined historically in the nearby Eureka and Railroad Districts, where superimposed Carlin-type gold and silver-rich Carbonate Replacement Deposit (CRD) mineralization was recently recognized. The Reynas believe that high potential for significant Carlin Gold andsilver-lead-zinc CRD mineralization exists at Gryphon Summit and that recent shallow gold-focused exploration left promising deeper targets untested.
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