Reyna Silver Acquires Mineral Hill District and Updates Operations

Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) has announced an Option Agreement with Minquest Ltd. for the Mineral Hill Project in Eureka County, Nevada. This acquisition includes 8 patented and 20 unpatented claims within the Gryphon Project.

CEO Jorge Ramiro Monroy highlighted the historical significance of Mineral Hill, known for high-grade silver-rich CRD mineralization. This acquisition enables Reyna Silver to explore the gold, silver, and critical metals potential of Gryphon Project comprehensively.

The Agreement allows Reyna Silver to earn 100% ownership of Mineral Hill by spending $1.55 million on exploration and paying $1.81 million by July 31, 2030. Minquest will receive a 2.5% net smelter return royalty, with an option for Reyna Silver to repurchase 1.25%.

Reyna Silver plans to start the 2024 drill program soon, leveraging past work and new geological interpretations to target new opportunities. Earthworks are nearly complete, and the drill rig is expected to arrive imminently.