Reunion Gold reports further high-grade trenching results at the Oko West Gold Project, Guyana
07 Abril 2021 - 7:30AM
Reunion Gold Corporation (TSX-V: RGD) (the "Company") is pleased to
report results from eight additional trenches at its Oko West
Project in Guyana. The best recent trench intercepts are listed
below, confirming the continuing discovery of significant gold
mineralization. These trenches have a total length of 1,329 meters,
and 659 channel samples were taken. Gold mineralization is found in
north-south shear zones straddling a six-kilometre-long contact of
granitic and volcanic rocks (Figure 1).
Table 1: Significant trench
intercepts (also see Figure
2 and Table
2)
Trench ID |
|
From (m) |
To (m) |
Length (m) |
Gold g/t |
T-21 |
|
50.00 |
54.00 |
4.00 |
1.44 |
T-22 |
|
26.00 |
30.00 |
4.00 |
6.28 |
T-23 |
|
12.00 |
18.00 |
6.00 |
5.82 |
T-30 |
|
8.00 |
14.00 |
6.00 |
1.81 |
|
|
18.00 |
30.00 |
12.00 |
2.44 |
T-32 |
|
0.00 |
36.00 |
36.00 |
2.06 |
|
|
42.00 |
52.00 |
10.00 |
0.93 |
T-42 |
|
80.00 |
82.00 |
2.00 |
2.41 |
T-43 |
|
0.00 |
16.00 |
16.00 |
0.72 |
|
|
23.50 |
31.00 |
7.50 |
1.84 |
|
|
162.50 |
168.50 |
6.00 |
1.37 |
|
|
171.50 |
176.00 |
4.50 |
2.64 |
|
|
208.50 |
222.00 |
13.50 |
0.80 |
|
|
242.00 |
252.00 |
10.00 |
2.12 |
T-44 |
|
131.00 |
200.00 |
69.00 |
5.98 |
|
including |
132.50 |
141.00 |
8.50 |
36.78 |
T-45 |
|
230.00 |
233.00 |
3.00 |
2.20 |
The Company has so far reported assay results
from 33 trenches (see also December 9, 2020 and March 2, 2021 press
releases). A total of 49 trenches with a combined length of
approximately 6,150 meters have been completed. Assay results from
trenches with a composite grade lower than 0.4 g/t are not
reported. The ongoing trenching program continues to expand the
footprint of three mineralized shear zones discovered in 2020
(Figures 1 and 2). On February 18, 2021, the Company also reported
assay results from its initial 1,000-meter diamond drilling
program, confirming the downward extension of gold mineralization
in the weathered bedrock.
Considering the trenching and drilling results,
Carlos Bertoni, the Company’s Acting CEO, stated: “The trenching
and drilling work done so far at the Oko West project confirms
significant gold mineralization hosted by three shear structures
extending laterally for hundreds of meters and downwards into
saprolite. Gold mineralization shows very good continuity within
these shear structures, as shown in trenches 26, 43 and 44. We are
very encouraged by this significant discovery and are at the final
stages of designing a comprehensive exploration program to estimate
the volume of mineral resources in saprolite.”
Oko West is part of a group of permits in the
Cuyuni River basin covering an area of 9,420 acres where the
Company has an option to acquire a 100% ownership interest.
Sample collection, assaying and data
management
Trench channel samples were taken horizontally
and continuously in in-situ weathered rocks (saprolite) at regular
intervals on trench walls. Reunion considers channel samples as
sub-horizontal "drill holes" given their continuity and
representative rock mass. Samples were sealed in plastic bags and
shipped to the Actlabs certified laboratory in Georgetown, Guyana,
respecting the best chain of custody practices. At the laboratory,
samples were dried, crushed up to 80% passing 2 mm, riffle split
(250 g), and pulverized to 95% passing 105 μm, including cleaner
sand. 50 g of pulverized material is fire assayed by atomic
absorption (AA). Initial assays with results above 3,000 ppb gold
are re-assayed with gravimetric finish. Assay data is subject to
QA/QC using acQuire software and management by an independent
consultant.
Qualified Person
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.
Cautionary Statement
This press release contains certain
forward-looking information or forward-looking statements as
defined in applicable securities laws. Forward-looking statements
are not historical facts and are subject to several risks and
uncertainties beyond the Company's control, including statements
regarding plans to complete trenching, drilling and other
exploration programs, potential mineralization, exploration results
and statements regarding beliefs, plans, expectations or intentions
of the Company. Resource exploration and development is highly
speculative, characterized by several significant risks, which even
a combination of careful evaluation, experience and knowledge may
not eliminate. Such risks include but are not limited to:
uncertainty of exploration results; misinterpretation of data,
logistical problems, volatility of gold price; and availability of
financing for additional capital requirements, cost of exploration
and development programs. All forward-looking statements herein are
qualified by this cautionary statement. 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) accept responsibility for the
adequacy or accuracy of this press release.
About Reunion Gold
Reunion Gold Corporation is a leading gold
explorer in the Guiana Shield, South America, with a portfolio of
projects in Guyana, Suriname and French Guiana. 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 CORPORATION Carlos H.
Bertoni, acting CEO orPaul Fowler, Manager, Corporate
DevelopmentTelephone: +1 450.677.2585Email:
info@reuniongold.com
Figure 1: Map of Oko West project area schematic
geology, permits outlines and shear zones discovered (red dashed
lines). The map also shows gold anomalies from soil geochemistry
testing the volcanic - granitoid contact in the eastern part of the
project area.
Figure 2: Map of the Oko West easternmost
portion of the project area, showing schematic geology, trench and
drill sampling results, and mineralized shear zones discovered.
Trench results in this press release are highlighted in yellow.
Table 2Trench channel sample assay results
(*)
Trench ID |
|
From (m) |
To (m) |
Length (m) |
Gold g/t |
T-21 |
|
50.00 |
54.00 |
4.00 |
1.44 |
T-22 |
|
26.00 |
30.00 |
4.00 |
6.28 |
T-23 |
|
12.00 |
18.00 |
6.00 |
5.28 |
T-30 |
|
8.00 |
14.00 |
6.00 |
1.81 |
|
including |
8.00 |
10.00 |
2.00 |
3.29 |
|
|
18.00 |
30.00 |
12.00 |
2.44 |
|
including |
18.00 |
20.00 |
2.00 |
3.05 |
|
including |
20.00 |
22.00 |
2.00 |
7.68 |
T-32 |
|
0.00 |
36.00 |
36.00 |
2.06 |
|
including |
14.00 |
16.00 |
2.00 |
4.95 |
|
including |
24.00 |
26.00 |
2.00 |
9.16 |
|
including |
26.00 |
28.00 |
2.00 |
4.48 |
|
including |
30.00 |
32.00 |
2.00 |
5.37 |
|
|
42.00 |
52.00 |
10.00 |
0.93 |
|
including |
42.00 |
44.00 |
2.00 |
3.35 |
T-34 |
|
24.00 |
26.00 |
2.00 |
0.564 |
T-40 |
|
14.00 |
16.00 |
2.00 |
0.45 |
T-42 |
|
80.00 |
82.00 |
2.00 |
2.41 |
T-43 |
|
0.00 |
16.00 |
16.00 |
0.72 |
|
including |
13.00 |
14.00 |
1.00 |
2.39 |
|
|
23.50 |
31.00 |
7.50 |
1.84 |
|
including |
26.50 |
28.00 |
1.50 |
6.50 |
|
|
162.50 |
168.50 |
6.00 |
1.37 |
|
including |
164.00 |
165.50 |
1.50 |
3.14 |
|
|
171.50 |
176.00 |
4.50 |
2.64 |
|
including |
173.00 |
174.50 |
1.50 |
6.00 |
|
|
197.50 |
204.00 |
6.50 |
0.59 |
|
|
208.50 |
222.00 |
13.50 |
0.80 |
|
|
229.50 |
233.50 |
4.00 |
0.59 |
|
|
242.00 |
252.00 |
10.00 |
2.12 |
|
including |
242.00 |
243.50 |
1.50 |
8.94 |
|
including |
248.00 |
249.50 |
1.50 |
3.27 |
T-44 |
|
131.00 |
200.00 |
69.00 |
5.98 |
|
including |
132.50 |
141.00 |
8.50 |
36.78 |
T-45 |
|
53.50 |
56.50 |
3.00 |
0.61 |
|
|
230.00 |
233.00 |
3.00 |
2.20 |
|
including |
231.50 |
233.00 |
1.50 |
3.96 |
(*) Composites calculated using these parameters:
- Minimum composite grade: 0.4 g/t
- Minimum composite length: 2 m
- Cut-off of an interval to be included in composite: 0.4
g/t
- The maximum length of internal waste: 2 m.
Reunion Gold (TSXV:RGD)
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