Reunion Gold reports further multiple high-grade drill intersects at its Oko West Project in Guyana
07 Octubre 2021 - 6:00AM
Reunion Gold Corporation (TSX-V: RGD) (the "Company") is pleased to
report significant new high-grade gold assay results from its
drilling program at the Oko West Project in Guyana, including:
- Hole D21-34; 3.22 g/t Au over 30.40 m
- Hole D21-36; 2.29 g/t Au over 58.0 m
- Hole D21-38; 66.87 g/t Au over 8.50 m, incl. 1,106.05
g/t Au over 0.5 m
- Hole D21-40; 1.93 g/t Au over 42.50 m
- Hole R21-38; 24.16 g/t Au over 19.0 m
Assay results presented in Table 1 below include
significant intersections from diamond drilling (“DD”) and reverse
circulation (“RC”) holes. Complete drilling results and drill hole
data will be posted on the Company's website.
Table 1: Drill hole intersections
highlights (also see Figures 1, 2 and 3).
Drill hole ID |
Exploration Block |
From (m) |
To (m) |
Length (m) |
Gold (g/t) |
Diamond drill holes |
OKWD21-034 |
4 |
87.00 |
91.50 |
4.50 |
1.77 |
|
4 |
104.50 |
110.60 |
6.10 |
1.63 |
|
4 |
130.65 |
145.65 |
15.00 |
7.80 |
|
4 |
149.60 |
180.00 |
30.40 |
3.21 |
OKWD21-035 |
4 |
0.00 |
3.20 |
3.20 |
0.88 |
|
4 |
7.00 |
9.00 |
2.00 |
0.46 |
OKWD21-036 |
4 |
29.45 |
34.30 |
4.85 |
1.03 |
|
4 |
46.50 |
104.50 |
58.00 |
2.29 |
OKWD21-038 |
4 |
90.00 |
98.50 |
8.50 |
66.87 |
Including |
|
90.00 |
92.00 |
2.00 |
2.68 |
Including |
|
93.50 |
94.00 |
0.50 |
1106.05 |
Including |
|
94.00 |
95.50 |
1.50 |
1.92 |
Including |
|
97.00 |
98.50 |
1.50 |
2.96 |
|
4 |
101.50 |
116.50 |
15.00 |
3.12 |
Including |
|
112.00 |
113.50 |
1.50 |
12.00 |
|
4 |
133.00 |
145.00 |
12.00 |
1.28 |
|
4 |
148.00 |
163.00 |
15.00 |
0.57 |
OKWD21-040 |
5 |
15.00 |
22.50 |
7.50 |
1.81 |
|
4 |
60.00 |
102.50 |
42.50 |
1.93 |
Including |
|
80.00 |
90.00 |
10.00 |
5.93 |
|
4 |
105.70 |
126.50 |
20.80 |
1.09 |
OKWD21-041 |
4 |
82.50 |
117.00 |
34.50 |
2.84 |
Including |
|
93.00 |
94.50 |
1.50 |
5.08 |
Including |
|
99.00 |
100.50 |
1.50 |
7.40 |
Including |
|
111.00 |
112.50 |
1.50 |
7.45 |
Including |
|
112.50 |
114.00 |
1.50 |
9.92 |
OKWD21-042 |
4 |
45.00 |
48.70 |
3.70 |
3.69 |
Including |
|
45.00 |
47.00 |
2.00 |
6.38 |
|
4 |
94.50 |
108.00 |
13.50 |
2.28 |
Including |
|
96.00 |
97.50 |
1.50 |
7.55 |
Including |
|
106.50 |
108.00 |
1.50 |
4.88 |
Reverse circulation drill holes |
OKWR21-011 |
4 |
16.00 |
20.00 |
4.00 |
1.36 |
OKWR21-035 |
|
19.00 |
21.00 |
2.00 |
7.93 |
Including |
|
19.00 |
20.00 |
1.00 |
15.32 |
OKWR21-038 |
4 |
21.00 |
40.00 |
19.00 |
24.16 |
Including |
|
33.00 |
34.00 |
1.00 |
263.27 |
Including |
|
34.00 |
35.00 |
1.00 |
166.38 |
OKWR21-040 |
5 |
14.00 |
22.00 |
8.00 |
2.43 |
Including |
|
15.00 |
16.00 |
1.00 |
8.38 |
Including |
|
16.00 |
17.00 |
1.00 |
5.96 |
OKWR21-041 |
5 |
1.00 |
16.00 |
15.00 |
0.47 |
|
5 |
27.00 |
31.00 |
4.00 |
1.33 |
OKWR21-042 |
5 |
70.00 |
80.00 |
10.00 |
0.85 |
OKWR21-043 |
5 |
1.00 |
4.00 |
3.00 |
1.17 |
|
5 |
40.00 |
50.00 |
10.00 |
0.65 |
OKWR21-050 |
6 |
61.00 |
69.00 |
8.00 |
1.23 |
OKWR21-059 |
1 |
75.00 |
80.00 |
5.00 |
1.85 |
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.
- Gold grades are uncapped.
The Company has now drilled a total of 4,864
meters in 42 DD holes and 4,842 meters in 62 RC holes since the
beginning of the drilling program at Oko West in December 2020. All
significant assay results have now been reported.
Carlos Bertoni, the interim CEO of the Company,
stated: “We continue to receive impressive assay results from the
drilling campaign at Oko West. Several drill holes confirmed
down-dip continuity of gold mineralization in unweathered rocks
down to a depth of 150 meters. The overall mineralized footprint
has been expanded to 850 meters in strike length and remains open
at depth and on strike. We plan to conduct a follow-up drilling
program starting in mid-October of approximately 9,000 meters using
two diamond drill rigs and one reverse circulation drill rig to
further define the gold mineralization footprint and continue
discovering new mineralized zones."
The drilling campaign is testing the vertical
and lateral continuity of trench gold anomalies previously
identified in eight mineralized "blocks" straddling mineralized
north-south shear zones over a 3 km long strike length (Figure 1).
Mineralized intersections are characterized by zones of intense
hydrothermal alteration (carbonate, sericite, pyrite, silica) in
sheared clastic sediments, granitoids, and mafic volcanics with
disseminated gold containing metric-scale high-grade veins assaying
up to several ounces per tonne.
Oko West is part of a group of permits in the
Cuyuni River basin covering an area of approximately 10,880 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 cash position of
approximately $8.0 million.
For further information, please contact:
REUNION GOLD CORPORATION Carlos H. Bertoni,
Interim CEO orPaul Fowler, Manager, Corporate DevelopmentTelephone:
+1 450.677.2585
Email: 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
diamond drilling (only) results composite highlights (*).
Mineralized intersections for Block 4 are shown in Figure 2.
Figure 2: Map of the Oko West Block 4 showing
schematic geology, mineralized zones (dashed red lines), and trench
(pink), DD (white) and RC drilling (yellow) results composite
highlights (*). Assay results are pending for two holes shown on
the map.
Figure 3: Geological section of trench 44 area
in Block 4 showing schematic geology, mineralized shear zones
(dashed lines), and trench and drilling results composite
highlights (*).
(*) 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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