Reunion Gold Corporation (TSX-V: RGD) (the "Company") is pleased to
report new significant gold intersections, including 2.44 g/t over
46.5 meters, 2.22 g/t over 57 meters and 1.88 g/t over 41.0 meters
as part of its ongoing drilling program at the Oko West Project in
Guyana. Hole 47 intersected the deepest mineralized interval so
far, with 2.22 g/t over 57 meters at approximately 200 meters
vertical depth from the surface (Table 1). These new drill results,
which consistently show high grades and intersected lengths,
clearly demonstrate that gold mineralization continues at depth in
unweathered rock. The results also expand the gold mineralization
laterally and continue to show the strong mineralization continuity
along a “corridor” more than 1.2 km long. Preliminary metallurgical
studies outlined below also show encouraging results with gold
recoveries ranging between 78% and 98%.
The objective of the current drill campaign is
to confirm the vertical and lateral continuity of gold
mineralization previously identified in eight "blocks" straddling
shear zones over a 3 km long strike length, within a 6 km long soil
geochemical anomaly. Diamond drilling ("DD") has been focused on
testing depth extensions into the unweathered rock below 100 m
(Figure 2), as well as testing for lateral extensions between the
outlined blocks. The reverse circulation ("RC") rig is testing the
edges of exploration blocks and scouting previously untested
targets both laterally and along strike. The Company has so far
demonstrated continuous gold mineralization in a “corridor” more
than 1.2 km long (see Figures 1 and 3) characterized by zones of
intense deformation and hydrothermal alteration in sedimentary,
granitic, and volcanic rocks. These zones contain widely
disseminated gold in microfractures and metric-scale high-grade
veins assaying up to several ounces per tonne.
Carlos Bertoni, Interim CEO, stated: "We are
very excited by this round of drill results as they continue to
demonstrate the impressive continuity of the gold mineralization
outlined to date with long intercepts of good grade. The results
successfully expand the known deposit both at depth into the
unweathered rock, and laterally, between the previously outlined
"blocks." The deposit remains open to expansion in all directions.
We have only started drill testing the southern 3 km of the soil
geochemical anomalies."
The Company restarted its drilling activities at
the Oko West Project early in November, following a one-month break
to finalize the interpretation of the then recent results and to
properly plan the current 9,000-meter drill program, and for
equipment maintenance. Assay results presented in Table 1 below
shows significant intersections from a total of 1,322 meters in
eight DD and 834 meters in nine RC holes, with assay results from
two DD holes and ten RC holes not yet received.
Table 1 |
Drill hole ID |
Exploration Block |
From (m) |
To (m) |
Length (m) |
Gold (g/t) |
Diamond Drill Holes |
OKWD21-43 |
1 |
25.50 |
36.00 |
10.50 |
0.65 |
OKWD21-46 |
1 |
61.50 |
69.00 |
7.50 |
1.68 |
|
|
82.50 |
90.00 |
7.50 |
1.43 |
|
|
133.50 |
180.00 |
46.50 |
2.44 |
including |
|
171.00 |
180.00 |
9.00 |
6.85 |
|
|
186.00 |
192.00 |
6.00 |
1.27 |
OKWD21-47 |
4+3 |
134.75 |
141.80 |
7.05 |
2.44 |
|
|
154.00 |
158.50 |
4.50 |
1.73 |
|
|
173.50 |
230.50 |
57.00 |
2.22 |
OKWD21-48 |
4+3 |
54.50 |
59.55 |
5.05 |
2.66 |
OKWD21-49 |
4+3 |
156.00 |
162.00 |
6.00 |
2.90 |
OKWD21-50 |
4+3 |
52.50 |
57.00 |
4.50 |
5.67 |
|
|
135.50 |
176.50 |
41.00 |
1.88 |
Reverse Circulation Drill Holes |
OKWR21-56 |
1 |
16.00 |
28.00 |
12.00 |
5.61 |
including |
|
18.00 |
24.00 |
6.00 |
10.03 |
OKWR21-58 |
1 |
24.00 |
38.00 |
14.00 |
1.46 |
|
|
47.00 |
53.00 |
6.00 |
1.95 |
OKWR21-59 |
1 |
75.00 |
80.00 |
5.00 |
1.85 |
OKWR21-71 |
1 |
121.00 |
128.00 |
7.00 |
2.52 |
The Company has now drilled a total of 6,467
meters in 53 DD holes and 7,836 meters in 91 RC holes since the
beginning of the drilling program at Oko West in December 2020,
with significant assay results reported in press releases on August
12, September 7, and October 7, 2021. The Company will interrupt
its field activities at the Oko West Project from December 17,
2021, and restart early in January 2022 and plans to complete this
current drill campaign by the end of March 2022.
Metallurgical testing
The Company completed a maiden scoping-level
metallurgical test by bottle-roll cyanide leaching eight
mineralized samples at the Actlabs laboratory in Georgetown,
Guyana. These samples represent weathered and unweathered rocks
from trench and drill hole samples in different host rocks.
Positive gold recovery results were received using low cyanide (0.5
kg/t) in under 12 hours of leaching. Gold recoveries range between
78% and 98%. These preliminary encouraging results indicate that
gravity concentration followed by cyanidation should improve gold
recoveries. The Company is preparing a complete metallurgical
testing plan for the Oko West mineralized rocks.
Drill result composites, sample collection, assaying and
data management
The Company calculates drill results composites
with a minimum length of 2 m, a cut-off grade of 0.3 g/t and 2 m
maximum length of internal waste. Gold grades are uncapped. True
widths are unknown. Complete drilling results and drill hole data
are being posted on the Company's website. Diamond drill samples
consist of half of either HQ or NQ core taken continuously at
regular intervals averaging 1.4 m, bagged, and labelled at the site
core shed. Reverse circulation drill samples are obtained from a
rotary splitter attached to a Metzke cyclone, weighed, bagged, and
tagged 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 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 has an
option to acquire a 100% ownership interest int the Oko West
Project in Guyana. 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
669.3 million issued and outstanding common shares.
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 the Oko West Block 4 and
adjacent area showing schematic geology, mineralized zones (dashed
red lines), and trench (brown), DD (black) and RC drilling (green)
results in composite highlights. The locations of the cross and
longitudinal sections are shown as green and red lines,
respectively. Composite results in this press release are from
holes with highlighted labels.
Figure 2: Geological section looking north near
trench 44 in Block 4 shows schematic geology, mineralized zones
(dashed lines), trench and drilling results composite highlights
(see section location on Figure 1). Intervals with lengths inferior
to 5 m are not listed.
Figure 3: Longitudinal section looking west of
the Oko West mineralized "corridor" gold grade block model (block
dimensions are 8x8x8 m). Continuity interruptions are daa
constrained rather than a lack of mineralization. Some drill holes
shown are off section. See 1.2 km bar in Figure 1.
Reunion Gold (TSXV:RGD)
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Reunion Gold (TSXV:RGD)
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