Reyna Silver Announces Drilling Start and Acquisition of Union Patented Claims

Vancouver, BC and Hong Kong / ACCESSWIRE / August 6, 2024 / Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) ("Reyna Silver") has entered into an Option Agreement with Aulode LLC on the Union Hill Project in Eureka County, Nevada. This agreement allows Reyna Silver to drill imminently, targeting key structures and oxidation levels in the area.

The Union patented claim group adds 10 new claims (81 hectares) to the Gryphon Summit project, totaling 12,058.98 hectares of gold, silver, and critical metals potential. The company now controls significant mineralization zones, focusing on unoxidized sulfides and CRD systems.

CEO Jorge Ramiro Monroy said, "The Union patented claims were the last puzzle piece Reyna Silver needed to fully control Gryphon, providing the opportunity to take a serious look at Gryphon from new angles."

The Agreement includes cash payments totaling US$917,500 by August 2030 for 100% ownership of the project's mineral rights. Additional payments are required for further surface rights and permits, alongside a 2.5% NSR royalty grant to Aulode.