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Reyna Silver Signs Option Agreement for Medicine Springs Project in Nevada

Figure 1: Medicine Springs Location

Figure 1: Medicine Springs Location
Figure 1: Medicine Springs Location
Figure 1: Medicine Springs Location

Figure 2: Carbonate Replacement Deposit Model for Medicine Springs

Figure 2: Carbonate Replacement Deposit Model for Medicine Springs
Figure 2: Carbonate Replacement Deposit Model for Medicine Springs
Figure 2: Carbonate Replacement Deposit Model for Medicine Springs

Figure 3: NLR Exploration Results Medicine Springs

Figure 3: NLR Exploration Results Medicine Springs
Figure 3: NLR Exploration Results Medicine Springs
Figure 3: NLR Exploration Results Medicine Springs

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

TORONTO and HONG KONG, Oct. 05, 2020 (GLOBE NEWSWIRE) — (“Reyna or RSLV”) is pleased to announce that it has entered into a Property Option Agreement with Northern Lights Resources Corp. (“NLR”) on the Medicine Springs silver-lead-zinc project (the “Medicine Springs Project”) located in Elko County, Nevada. The Medicine Springs Project comprises 149 unpatented Federal mineral claims covering 1,189 hectares located in the Ruby Mountains Valley just off the famous Carlin Trend.

The Agreement gives Reyna the ability to earn up to an 80% equity interest in the Project (initial 75% with option to purchase an additional 5%) (the “Option”) subject to expending a total of US$2,439,065 on the Project by December 31, 2023. Upon completion of the Option, Northern Lights and Reyna will enter a Joint Venture to continue exploration and development of the Medicine Springs Project, with Reyna acting as the project’s operator. No upfront payments in either cash or shares are due to either NLR or any other party. See below for the detailed terms.

“While Reyna Silver’s main focus will continue to be our flagship Guigui asset, for which we are awaiting permits to commence a 10,000 meter drill campaign this fall, we are delighted to add Medicine Springs to our portfolio of assets,” said Jorge Ramiro Monroy, President and CEO.   Medicine Springs is a Guigui-like CRD system with high-grade silver potential, which lies in Nevada’s CRD elephant country and we are eager to begin applying the same exploration model that led to Arizona Mining’s Taylor Manto and MAG Silver’s Cinco de Mayo discoveries. The Northern Lights team has done an excellent job developing the project to its current near-drill ready stage, which lets us hit the ground running.”

“Figure 1: Medicine Springs Location” is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6669eecf-7969-4d08-8495-284a455679fa

“Figure 2: Carbonate Replacement Deposit Model for Medicine Springs” is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5b835479-ba68-435c-9e1d-ee4d62bb9525

The Medicine Springs Project

The world-famous Carlin Trend runs just east of the Medicine Springs area and prior to acquisition by NLR in 2017, the area was explored for Carlin-style gold potential from 1986-2008 by companies including, US Minerals Exploration, Golden Phoenix, Cominco America and Silver Resources. This exploration work included mapping, sampling, geophysics (CSAMT and IP) and shallow RC drilling. A total of 125 RC holes were drilled on the Project claims (5,380 m with average depth of 43 m, with the deepest hole being 180 m). Limited gold mineralization was found, but significant silver-rich mineralization was cut in several holes including: 33 m @ 90 g/t

Silver Lining In Trump COVID Diagnosis May Be Supporters Taking Coronavirus More Seriously

KEY POINTS

  • President Trump and his wife tested positive for coronavirus though it was unclear where they contracted the disease
  • Trump has been prescribed an experimental antibody cocktail to try to speed his recovery
  • Observers say the diagnosis may make his supporters take the disease more seriously but a quick recovery could undermine efforts to contain the spread

If there is a silver lining to President Donald Trump’s coronavirus diagnosis, it may be that his supporters start taking the threat of infection more seriously.

Trump tweeted early Friday both he and first lady Melanie Trump had tested positive for the disease, which has infected more than 7 million other Americans and caused a death toll approaching 210,000. The White House said Trump was prescribed an experimental antibody cocktail to speed his recovery and then choppered to Walter Reed Army Medical Center.

From the start of the pandemic little more than six months ago, Trump had downplayed the threat the contagion posed, mocking Democratic rival Joe Biden for following Centers for Disease Control and Prevention guidelines and openly disagreeing with the administration’s top doctors.

The Trump campaign failed to inform the Biden campaign the president had been exposed to the virus even though the pair had shared the stage for Tuesday night’s debate. So far, Biden has tested negative.

Trump’s sleight of hand likely contributed to the spread of the virus, which has devasted the economy and shows little sign of abating, with about 2,000 cases being added daily and flu season closing in.

It was unclear where Trump had been exposed. A number of people who attended Trump’s announcement of Appellate Judge Amy Coney Barrett, who had COVID earlier this year, as his choice to replace the late Ruth Bader Ginsburg on the U.S. Supreme Court confirmed Friday they also had tested positive. Notre Dame President the Rev. John Jenkins, who has apologized for not wearing a mask when he attended the announcement and tested positive, was tested for the disease after a colleague tested positive.

“Perhaps some of his followers who believed COVID was a hoax and that only the old and frail are susceptible will take it seriously,” public relations specialist John Goodman told International Business Times in an email.

Mitchell McKinney, director of the Political Communications Institute at University of Missouri agreed.

“With the president, the first lady, immediate staff and now a number of other people surrounding Donald Trump testing positive for the COVID virus, perhaps this will cause Trump supporters, some who have actually questioned if the virus is a ‘hoax’ and many who continue to refuse to take precautions to prevent the spread of the virus, to now be more willing to head the advice of medical experts to wear masks and engage in social distancing,” McKinney said in an email.

“Perhaps, too, Donald Trump himself may now be more willing to model these behaviors in order to prevent the spread of the virus for the sake of his staff, his supporters and for