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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

As Trump Seeks to Project Strength, Doctors Disclose Alarming Episodes

In addition to the steroids, Mr. Trump has received an experimental antibody cocktail and is in the midst of a five-day course of remdesivir, an antiviral drug. The White House has a medical unit capable of responding to a president’s health troubles but not with the sophisticated equipment available at Walter Reed.

Mr. Trump, who historically hates hospitals and anything related to illness, has been hankering to get released, according to two people close to him, and some aides expressed fear that he would pressure Dr. Conley into releasing him by claiming to feel better than he actually does. But advisers were also troubled by the doctors’ prediction that they might release him on Monday because if they do not, it would signal that the president is not doing as well as indicated. They also worried that a premature return could lead to a second trip to the hospital if his condition worsens.

Mr. Trump was said to be working from his hospital suite, including receiving a briefing via secure video conference from Robert C. O’Brien, his national security adviser, as well as Secretary of State Mike Pompeo and Gen. Mark A. Milley, the chairman of the Joint Chiefs of Staff.

The president has also been watching lots of television, even more than usual, and has been exasperated by coverage of Saturday’s calamitous handling of his medical information by Dr. Conley and Mr. Meadows, as well as speculation about him transferring powers to Vice President Mike Pence.

He was also angry that no one was on television defending him, as he often is when he cannot inject his own views into news media coverage, aides said. As a result, Rudolph W. Giuliani, his personal lawyer, was expected to appear on several television shows, as was Corey Lewandowski, who was Mr. Trump’s first campaign manager in the 2016 race.

The president was not the only one angry over the weekend. So were many people who work for him at the White House, frustrated at how little information they had received about the health concerns in their workplace. In addition to Mr. Trump, a number of others who work or visit the building regularly have tested positive, including Melania Trump; Hope Hicks, a senior adviser to the president; Nicholas Luna, the director of Oval Office operations; Bill Stepien, the campaign manager; Ronna McDaniel, the chairwoman of the Republican National Committee; and Kellyanne Conway, the president’s former counselor.

Two members of the White House residence staff tested positive for the virus a few weeks ago, two people briefed on their cases said, although they were said not to come in close contact with the president or the first lady. Nonetheless, the presence of the virus in the first couple’s personal quarters once again raised questions not just about what they have been exposed to, but whom they have made vulnerable with lax mask policies around the White House.

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