Reunion Gold announces the inclusion of the NW Extension Project in Suriname in the Strategic Alliance with Barrick Gold and ...
17 Diciembre 2020 - 3:05PM
Reunion Gold Corporation (TSX-V: RGD) (the "Company") is pleased to
announce that Barrick Gold Corporation ("Barrick") has opted to
include the NW Extension Project in Suriname in the Strategic
Alliance. The 925 square kilometres NW Extension Project area sits
within the Northern Greenstone Belt of Suriname, 60 kilometres to
the west-southwest of the capital, Paramaribo, and 70 km northwest
of the Rosebel mine (Figure 1).
The interpretation of available geophysical data
indicates that the large, greenstone belt-scale geological
structures associated with gold mineralization at the Rosebel gold
deposit extend to the northwest under cover of recent sediments,
underlying the project area footprint. To refine this observation
and generate targets, the Alliance partners are planning to conduct
a detailed airborne magnetic survey in the first quarter of 2021.
Targets generated by the survey may be tested by drilling later in
2021.
As per the Strategic Alliance Agreement, the
exploration costs spent on the project will be funded on a 50:50
basis between the Company and Barrick.
The mineral rights related to this project are
under option from a Surinamese company for an initial period of 11
years. Upon exercise of the option to acquire 100% of the project,
the rights holder would retain a 0.25% net smelter royalty.
The technical information in this press release has
been reviewed and approved by Carlos. H. Bertoni, P.Geo., the
Company's Acting CEO. Mr. Bertoni is a qualified person under
Canadian National Instrument 43-101.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the TSX
Venture Exchange policies) accept responsibility for this press
release's adequacy or accuracy.
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 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 Guyana, Suriname and French Guiana,
all located in the Guiana Shield, South America. The Company's
common 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 the Company's website
(www.reuniongold.com).
For further information, please contact:
REUNION GOLD CORPORATIONCarlos
Bertoni, Acting CEOPaul Fowler, Manager, Corporate
DevelopmentTelephone: +1 450.677.2585Email:
info@reuniongold.com
Figure 1: Location map of the NW Extension Project
permits, showing the greenstone belts of eastern Suriname (green)
with interpreted geological structures related to gold
mineralization in the region (dashed grey lines). Also shown are
the Rosebel, Saramaca and Merian gold deposits.
Reunion Gold (TSXV:RGD)
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