Reunion Gold announces new project and launches new logo and website
22 Junio 2020 - 8:00AM
Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to
announce it has entered into a letter agreement under which a
Surinamese private company has agreed to grant to the Company an
option to acquire a mineral project in Suriname. The NW Extension
Project, comprising three rights of exploration totaling 925 square
kilometres, is located 60 kilometres to the west-southwest of
Paramaribo and covers what is interpreted to be a continuation
(based on interpretation of regional magnetic geophysical data) of
the Paleoproterozoic greenstone belt covered by Tertiary and
younger sediments. Historical bauxite exploration drilling within
these sediments has indicated depths to the Paleoproterozoic
basement in the range of less than 10 metres to more than 100
metres, in the south and north of the project area respectively.
Payments of $12,500 are due to the rights holder
in the first and second year. Upon exercise of the option and
transfer of the rights to the Company, the rights holder will
retain a 0.25% net smelter royalty.
The NW Extension Project will give the Company
the opportunity to initiate exploration in the attractive
greenstone belt of Suriname, particularly within the Northern
Greenstone Belt that is host to the Rosebel and Merian gold mines.
Pending the lifting of travel restrictions in Suriname because of
the COVID-19 pandemic, an initial exploration program is being
planned that may include the compilation of available historical
data, commencement of field mapping, and the execution of
geochemical and geophysical surveys in high priority areas. Barrick
Gold Corporation, who is entitled to include the project in the
Alliance under the terms of the Strategic Alliance Agreement, will
be reviewing the data in the coming weeks.
The technical information in this press release
has been reviewed and approved by Justin van der Toorn, CGeol FGS,
the Company’s Exploration Manager for Guyana and Suriname. Mr. van
der Toorn is a qualified person under Canadian National Instrument
43-101.
New logo and website
The Company is pleased to announce the launch of
a new logo and website which has been designed with a fresh new
look and user-friendly navigation. We invite our shareholders to
visit our new website at https://www.reuniongold.com.
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.
Cautionary
statement
This news release contains "forward‐looking
information or statements" within the meaning of applicable
securities laws, including statements about the conduct of
exploration work on the NW Extension Project and other statements
relating to technical and historical data. Although we believe the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, actual results may differ materially
from those in forward looking statements. Forward looking
statements are based on the beliefs, estimates and opinions of our
management on the date the statements are made. The Company
undertakes no obligation to update these forward-looking statements
except as required by law.
About Reunion
Gold
Reunion Gold Corporation is a leading gold
explorer with a portfolio of 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 & CEOPaul Fowler, Manager, Corporate
DevelopmentTelephone: +1 450.677.2585Email:
info@reuniongold.com
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