Reunion Gold Corporation (TSX-V: RGD) (the "Company") is pleased to
report new high-grade assay results from its ongoing drilling
program at its Oko West Project in Guyana including
46.9
meters at 2.67 g/t of gold, 36 meters at 2.49 g/t of gold and 18
meters at 6.71 g/t gold. Since its press release of August
12, 2021, the Company drilled 4,925 meters and received assay
results for seven diamond and 33 reverse circulation ("RC") drill
holes. Significant assay results presented in Table 1 below include
intersects in five diamond drill holes and 12 RC drill holes.
Complete drilling results and drill hole data can be found on the
Company's website.
The program, which began in June 2021, aims to
test the vertical and lateral continuity of trench gold anomalies
previously identified in eight mineralized "blocks" stradling three
mineralized north-south shear zones over a 3 km long soil gold
anomaly (Figure 1). The Company has so far completed a total of 37
diamond drill holes (3,768 meters) and 46 RC drill holes (3,592
meters).
Table 1: Selected significant
intersections (also see Figures 2 and 3).
Drill hole ID |
ExplorationBlock |
From(m) |
To(m) |
Length(m) |
Gold(g/t) |
Intersections |
Diamond drill holes |
OKWD21-029 |
4 |
0.00 |
13.00 |
13.00 |
7.74 |
13.00 m @ 7.74 g/t Au |
Including |
|
5.90 |
7.00 |
1.10 |
26.35 |
|
Including |
|
7.00 |
8.50 |
1.50 |
19.70 |
|
|
|
25.00 |
31.00 |
6.00 |
2.26 |
6.00 m @ 2.26 g/t Au |
|
|
34.20 |
43.50 |
9.30 |
2.20 |
9.30 m @ 2.20 g/t Au |
OKWD21-030 |
4 |
28.00 |
34.00 |
6.00 |
3.99 |
6.00 m @ 3.99 g/t Au |
|
|
77.00 |
103.00 |
26.00 |
1.83 |
26.00 m @ 1.83 g/t Au |
|
|
106.00 |
110.50 |
4.50 |
5.28 |
4.50 m @ 5.28 g/t Au |
|
|
142.00 |
148.00 |
6.00 |
2.32 |
6.00 m @ 2.32 g/t Au |
OKWD21-031 |
4 |
55.50 |
61.50 |
6.00 |
68.14 |
6.00 m @ 68.14 g/t Au |
|
|
66.00 |
84.00 |
18.00 |
2.65 |
18.00 m @ 2.65 g/t Au |
|
|
88.50 |
135.40 |
46.90 |
2.67 |
46.90 m @ 2.67 g/t Au |
OKWD21-032 |
4 |
78.00 |
93.00 |
15.00 |
3.67 |
15.00 m @ 3.67 g/t Au |
OKWD21-033 |
4 |
4.50 |
19.40 |
14.90 |
2.54 |
14.90 m @ 2.54 g/t Au |
Reverse circulation drill holes |
OKWR21-007 |
4 |
7.00 |
44.00 |
37.00 |
3.63 |
37.00 m @ 3.63 g/t Au |
Including |
|
11.00 |
12.00 |
1.00 |
22.71 |
|
Including |
|
12.00 |
13.00 |
1.00 |
17.91 |
|
Including |
|
13.00 |
14.00 |
1.00 |
19.74 |
|
Including |
|
14.00 |
15.00 |
1.00 |
18.76 |
|
OKWR21-008 |
4 |
4.00 |
27.00 |
23.00 |
3.70 |
23.00 m @ 3.70 g/t Au |
Including |
|
24.00 |
25.00 |
1.00 |
37.58 |
|
OKWR21-009 |
4 |
35.00 |
71.00 |
36.00 |
2.49 |
36.00 m @ 2.49 g/t Au |
OKWR21-010 |
4 |
53.00 |
63.00 |
10.00 |
1.18 |
10.00 m @ 1.18 g/t Au |
OKWR21-013 |
4 |
41.00 |
45.00 |
4.00 |
1.63 |
4.00 m @ 1.63 g/t Au |
OKWR21-014 |
4 |
47.00 |
64.00 |
17.00 |
7.44 |
17.00 m @ 7.44 g/t Au |
Including |
|
52.00 |
53.00 |
1.00 |
28.88 |
|
Including |
|
53.00 |
54.00 |
1.00 |
42.73 |
|
|
|
67.00 |
89.00 |
22.00 |
3.03 |
22.00 m @ 3.03 g/t Au |
OKWR21-015 |
4 |
31.00 |
34.00 |
3.00 |
2.28 |
3.00 m @ 2.28 g/t Au |
|
|
38.00 |
40.00 |
2.00 |
2.18 |
2.00 m @ 2.17 g/t Au |
|
|
56.00 |
61.00 |
5.00 |
1.58 |
5.00 m @ 1.58 g/t Au |
|
|
66.00 |
90.00 |
24.00 |
3.65 |
24.00 m @ 3.65 g/t Au |
Including |
|
70.00 |
71.00 |
1.00 |
32.04 |
|
OKWR21-016 - twin D21-14 |
1.00 |
56.00 |
55.00 |
2.28 |
55.00 m @ 2.28 g/t Au |
OKWR21-018 |
4 |
71.00 |
73.00 |
2.00 |
4.11 |
2.00 m @ 4.11 g/t Au |
OKWR21-019 |
4 |
13.00 |
31.00 |
18.00 |
6.71 |
18.00 m @ 6.71 g/t Au |
Including |
|
16.00 |
17.00 |
1.00 |
19.40 |
|
Including |
|
17.00 |
18.00 |
1.00 |
35.42 |
|
OKWR21-020 |
4 |
39.00 |
48.00 |
9.00 |
2.42 |
9.00 m @ 2.42 g/t Au |
|
|
51.00 |
60.00 |
9.00 |
3.97 |
9.00 m @ 3.97 g/t Au |
OKWR21-028 |
4 |
37.00 |
47.00 |
10.00 |
1.11 |
10.00 m @ 1.11 g/t Au |
|
|
67.00 |
77.00 |
10.00 |
1.25 |
10.00 m @ 1.25 g/t Au |
Notes:
- True widths are unknown
- 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.
- One pair of twin
diamond and RC holes gave excellent comparable results.
Carlos Bertoni, the interim CEO of the Company,
stated: "We continue to be very pleased with the results obtained,
confirming down-dip and lateral continuity of the gold
mineralization discovery. We are particularly encouraged by the
high-grade drill results obtained from Block 4, which now has a
continuous strike extent of 700 m and remains open at depth and
along strike. We plan to complete the current program in September
and prepare for a third drilling campaign in October using the RC
drill rig to scout new mineralized areas and do in-fill sampling,
while the diamond rig defines mineralization at depth."
Mineralized intersections are characterized by
zones of intense hydrothermal alteration (carbonate, sericite,
pyrite, silica) in sheared granitoids, mafic volcanics and clastic
sediments with disseminated gold containing metric-scale high-grade
veins assaying up to several ounces per tonne. Visible gold has
been observed in a few drill holes.
Oko West is part of a group of permits in the
Cuyuni River basin covering an area of approximately 11,900 acres
where the Company has an option to acquire a 100% ownership
interest.
Sample collection, assaying and data
management
Diamond drill samples consist of half of either
HQ or NQ core taken continuously at regular intervals averaging 1.4
m, bagged and labeled at the site core shed. Reverse circulation
drill samples are obtained from a rotary splitter attached to a
Metzke cyclone, weighed, bagged and labeled at the drill site.
Samples are shipped to the Actlabs certified laboratory in
Georgetown, Guyana, respecting the best chain of custody practices.
At the laboratory, samples are 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 a gravimetric finish. Certified
reference materials and blanks are inserted at the proportion of 5%
of samples shipped to the laboratory. 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 Interim 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 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. 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). The Company currently has 668.1 million
issued and outstanding common shares and a working capital of
approximately $9.0 million at June 30, 2021.
For further information, please contact:
REUNION GOLD CORPORATION Carlos H. Bertoni,
Interim CEO orPaul Fowler, Manager, Corporate DevelopmentTelephone:
+1 450.677.2585Email: info@reuniongold.com
Figure 1: Map of Oko West project eastern area
showing schematic geology, permit boundary, mineralized shear zones
discovered (red dashed lines), exploration program blocks and
relevant drilling results composites available (*). Mineralized
intersections for Block 4 are shown in Figure 2. Not all planned
drill holes will be done, depending on results obtained during the
program.
Figure 2: Map of the Oko West Block 4 showing
schematic geology, mineralized zones (dashed red lines), and
relevant trench (pink), diamond drilling (white) and RC drilling
(yellow) results composites (*). Assay results are pending for a
few holes shown on the map. Not all planned drill holes will be
done, depending on results obtained during the program.
Figure 3: Map and section of trench 44 area in
Block 4 showing schematic geology, mineralized shear zones (dashed
red lines), and relevant trench and drilling results composites
(*). Assay results for hole D-34 are pending.
(*) 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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Reunion Gold (TSXV:RGD)
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