Reyna Silver Corp. announced that drilling has commenced at its 100% owned Batopilas Project in Chihuahua, Mexico. The 1,850-ha Batopilas Project encompasses Mexico's historically highest-grade silver district, which produced 300 Moz at average grades of 1,500 g/t Ag with native silver as the main ore mineral.

The project seeks significant undiscovered portions of the mineralized system, including both the exceptionally high-grade historically mined silver and previously unrecognized gold-rich mineralization. The gold and silver mineralization appear to reflect at least two mineralization events that exploited the same structures. This coincidence provided the opportunity to leverage the two styles of mineralization to understand the overall district framework better.

The 3,000 m drilling program will test targets generated over the past year following recognition of the overlapping gold and silver mineralizing events. Systematic, district-scale geological, geochemical, and geophysical surveys revealed multiple coincident anomalies that create high-potential drilling targets. Key targets include Pastrana (particularly the 14k Zone), Escritorio, Banda Este, Animas, and Las Vacas.

Drillholes are designed to also intersect multiple newly identified features lying above the main targets. The systematic, district-scale exploration program was initiated after: Trenching on projections of known structures to the northeast of the historic mining area revealed silver mineralization grading 305 g/t to 42,302 g/t Ag, as well as, significant gold mineralization grading as high as 21.4 g/t Au. This was the first time significant gold was found in the district.

Drilllhole BA21-30 intercepted 3.2 m (core length) grading 703 g/t Ag and 3.03 g/t Au revealing the NE-trending Cobriza vein. Hole BA21-34, drilled farther to the northeast along the trend, intersected 0.25 m grading 36.1 g/t Au. Hole BA21-42A in the Orochi area cut 3.65 m of 8.1 g/t Au at 180 m downhole.

The gold and silver mineralization appear to reflect at least two mineralization events that exploited the same structural system. This coincidence provided the opportunity to leverage the two styles of mineralization to understand the overall district framework better. Over 2,700 samples were collected through detailed selective sampling along previously underexplored structures and outcrops as well as old mine workings.

The first 1,500 samples revealed: additional gold mineralization southeast of the historic district; additional structures carrying a combination of gold and silver mineralization; and recognition of surface expressions of mineralized structures. Within the 357 highest-grade samples collected, 4.6% returned values between 150 g/t and 2290 g/t Ag; and 3.0% were between 1.0 g/t and 12.85 g/t Au. In Banda Este, gold mineralization returning values of up to 27 g/t Au were found in the N-S trending "Veta Rojas" zone.

This parallels the Teodoro and Orochi zones to the north (where the first significant gold mineralization was found in 2022), which reinforces this target. Extension to the N-NE of the historic main Todos los Santos vein. This is an area of high potential, including opportunities to find blind secondary vein splays off the main vein.

Values up to 2,290 g/t Ag in veins of the Santo Domingo-San Miguel-Nevada group, where 10 important veins were mined historically. Potential lies mainly to the SW through an explored zone about 800 meters long in Reyna Silver claims. In the Pastrana area, values of up to 14,000 g/t Ag (hence the 14k Zone name) were reported along major structures trending north towards the Cobriza intersection, where high-grade silver mineralization was found in 2021. Reassaying of historic MAG silver holes identified gold mineralization in Holes BA07-18 and BA08-25.