Reunion Gold reports new high-grade gold intersections at the Boulanger Project in French Guiana
15 Agosto 2019 - 8:36AM
Reunion Gold Corporation (TSX-V: RGD) (the “Company” or “Reunion
Gold”) is pleased to report new high-grade gold intersections at
the Boulanger Project in French Guiana.
A 1,100-meter core drilling program in six drill
holes was done in June 2019 at the Central Bief and Carapa
prospects (Figure 1) to test targets identified from the 2018 and
2019 induced polarization (IP) geophysical surveys and geological
mapping by the Company. Results are reported in Table 1 and Table
2.
Of interest is the Crique Filon target located
within the Carapa permit (Figure 2 and Figure 3). Hole CA-19-05 was
drilled intending to intercept further east a shear cut in hole
CB-19-13 and previous drill holes. The eastern extension of the
shearing was cut with two significant intercepts:
- 2.47 g/t gold over 23 meters. This first
high-grade section from 22.5 to 24.1 meter consists of andesite
saprolite with quartz tourmaline probably in tension veining and
averages 6.68 g/t gold over 3.1 meters. A second section at 9.73
g/t gold from 41.0 to 42.0 meters is at the beginning of a
three-meter-thick shear zone.
- 8.34 g/t Au over 11.14 meters. This high-grade
composite runs in a sheared quartz-tourmaline-pyrite vein with
visible gold noted at 143.7 m.
Several shear zones straddle across the Carapa
PER and Doyle concession limits in the Crique Filon area. The two
shear zones intercepted by the recent drilling can be traced over
300 meters and 200 meters, respectively (Figure 2). They remain
open on strike and at depth. Several other attractive shear zones
are found in the same area that progressively builds up as a very
attractive priority target. A follow-up drilling program is being
prepared.
The Boulanger Project
The Boulanger Project consists of 38.4 km² of
mining concessions (Central Bief, Devez North and South, and
Boulanger), the 24 km² Carapa exploration permit, the 1 km²
Saint-Michel AEX and the 45.7 km² Chawari permit application. The
project is located approximately 40 km south of Cayenne and readily
accessible by paved and laterite roads. There has been significant
gold production from the project area for over one hundred
years.
The Boulanger Project is underlain by
Proterozoic rocks consisting of Armina detritic sediments and
Paramaca volcano-sediments intruded by granites and metamorphosed
to greenschist facies. The Boulanger Project area is cut by various
shear zones characterized by intense deformation and hydrothermal
alteration. Gold is associated with quartz veins, pyrite and
locally intense tourmaline alteration. Geological mapping and soil
geochemistry indicate numerous anomalous zones that require
follow-up exploration. The Company has an option to acquire a 100%
interest in the Boulanger Project from Compagnie Minière de
Boulanger.
Quality analysis and quality
control
The Company has implemented a quality assurance
and quality control (QA/QC) program and chain of custody protocols
for all its sampling and particularly for drilling programs.
Certified standards and blanks are respectively inserted in average
every 20 samples, resulting in the insertion of about 10 percent of
control samples. In addition, blanks are inserted after visually
identifying mineralized zones to ensure that the results are
meaningful. The samples are analyzed for gold by fire assay with
atomic absorption finish on 30‐gram pulps by the FILAB-AMSUD
laboratory in Surinam. Samples above 10 g/t gold are systematically
re‐analyzed with gravimetry finish. FILAB-AMSUD is an accredited
laboratory for quality procedure according to ISO 9001(2008) and
ISO/IEC 17025.
Qualified Persons
Dr. Dominique Fournier, EurGeol., the
exploration manager for Reunion Gold in French Guiana and a
qualified person pursuant to National Instrument 43-101, is
responsible for the work being done at the Boulanger Project.
Carlos Bertoni, P. Geo., a consultant to Reunion Gold and a
qualified person pursuant to National Instrument 43-101, has
reviewed and approved the scientific and technical data contained
in this press release.
Cautionary Statement
This press release contains certain
forward-looking information as defined in applicable Canadian
securities laws. All statements, other than statements of
historical fact, are forward-looking information. Specifically,
this press release includes forward-looking information regarding
the results and interpretation of drilling programs, potential
mineralization, and future plans and objectives of the Company.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors including, without limitation,
risks associated with the conduct of exploration activities and the
results of drilling programs, gold price volatility, inability to
raise the funds required to conduct the planned exploration
activities, environmental liabilities, regulatory approvals or
permitting delays. This cautionary statement qualifies all
forward-looking statements herein. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements whether as a result of new information
or future events or otherwise, except as may be required by
law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this press release.
About Reunion Gold
Reunion Gold Corporation is a Canadian
exploration company focused on acquiring, exploring and developing
gold projects in the Guiana Shield, South America. The Company’s
shares are listed on the TSX Venture Exchange under the symbol
‘RGD’.
Additional information about the Company is
available on SEDAR (www.sedar.com) and on the Company’s website
(www.reuniongold.com). For further information, please contact:
REUNION GOLD CORPORATION Réjean Gourde,
President & CEODavid Charles CFA, Investor RelationsTelephone:
+1 450.677.2585Email: info@reuniongold.com
Table 1
Hole ID |
Gold(g/t) |
Length (1)(m) |
From(m) |
To(m) |
Comment |
CA-19-01 |
0.73 |
4.00 |
102.00 |
106 |
|
CA-19-02 |
- |
- |
- |
- |
Abandonned at 15 m |
CA-19-02A |
11.72 |
1.77 |
12.00 |
13.77 |
|
CA-19-03 |
- |
- |
- |
- |
No significant intercepts |
CA-19-04 |
- |
- |
- |
- |
No significant intercepts |
CA-19-05 |
2.47 |
23.00 |
21.00 |
44.00 |
|
|
8.34 |
11.14 |
136.86 |
148.00 |
|
CB-19-13 |
2.64 |
2.80 |
112.20 |
115.00 |
|
(1) It is not possible at this time to determine true widths.
All widths of intercepts reported are core length.
Table 2
Details for holes drilled in the Central
Bief-Carapa area
Hole ID |
Easting |
Northing |
Target |
Azimut |
Dip |
Depth (m) |
CA-19-01 |
341486 |
498604 |
Fold nose |
25 |
-60 |
157.80 |
CA-19-02 |
341014 |
499017 |
STM1 |
205 |
-60 |
15.00 |
CA-19-02A |
341014 |
499017 |
STM1 |
205 |
-60 |
265.80 |
CA-19-03 |
341047 |
499060 |
STM1 |
25 |
-60 |
151.80 |
CA-19-04 |
341286 |
498631 |
Fold nose |
25 |
-60 |
199.80 |
CA-19-05 |
340506 |
498634 |
Creek Filon |
205 |
-60 |
151.80 |
CB-19-13 |
340229 |
498749 |
Creek Filon |
25 |
-60 |
163.80 |
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