Reunion Gold Corporation (TSXV: RGD; OTCQB: RGDFF) (the "Company")
is pleased to announce additional drill results from its ongoing
drill program at the Oko West project in Guyana. The results
include a significant extension of the gold mineralization to depth
in hole D22-112 and the reporting of two of the best holes to date
in the project's grade and interval profile (D22-112, D22-93).
Highlights from this release of holes can be found in table 1 below
and are also shown on the maps in figures 1 to 7.
Hole D22-112 (the "Chairman's" hole)
successfully tested the depth extension of the Kairuni zone in
block 4 with a significant intersection of 3.68 grams per ton of
gold (“g/t Au”) over 71.15 meters to a vertical depth of 575
meters. This represents a 226 meters step out from the previous
deepest hole, D22-63, which reported 1.5 g/t Au over 67.3 meters to
a vertical depth of 349 meters. The mineralized zone within hole
D22-112 comprises the interbedded clastic sediments and
volcanoclastic rock units typically associated with gold
mineralization in the Kairuni zone. Other significant composites in
the mineralized zone at D22-112 include 4.06 g/t Au over 37.15
meters, 3.80 g/t Au over 21.75 meters and 1.32 g/t Au over 15.70
meters. The total length of composites within the mineralized zone,
ignoring unmineralized intervals, is approximately 134 meters. This
hole also represents one of the best holes reported to date in
terms of grade, length and vertical depth.
Hole D22-93 in block 4 intersected 2.78 g/t Au
over 110.0 meters, including 26.18 g/t Au over 4.0 meters. This
hole also represents one of the top holes reported to date at Oko
West, demonstrating both a long intercept and strong grades. Also
noteworthy are the results from two high-grade holes outside of
block 4, which reported high-grade intercepts. These include D22-97
from block 5, which returned 16.74 g/t Au over 9.75 meters and hole
D22-105 from block 1, which intersected 61.44 g/t Au over 3.1
meters. The mineralized zones in D22-97 and D22-105 are unusual
because they are located in the footwall granite and may represent
a previously unknown mineralized zone. The next phase of drilling
will emphasize testing the Kairuni zone outside of block 4.
Table 1: Highlight composite intercepts
summary table (see note below)
Drill hole |
ExplorationBlock |
From(m) |
To(m) |
Length(m) |
Gold grade(g/t) |
D22-112 |
4 |
452.40 |
481.00 |
28.60 |
0.96 |
Including |
|
452.40 |
468.00 |
15.60 |
1.31 |
|
|
490.50 |
506.20 |
15.70 |
1.32 |
|
|
515.00 |
586.15 |
71.15 |
3.68 |
Including |
|
515.00 |
522.00 |
7.00 |
4.01 |
and |
|
525.00 |
546.75 |
21.75 |
3.80 |
and |
|
549.00 |
586.15 |
37.15 |
4.06 |
D22-93 |
4 |
66.00 |
176.00 |
110.00 |
2.78 |
Including |
|
66.00 |
85.00 |
19.00 |
2.59 |
and |
|
89.00 |
93.00 |
4.00 |
26.18 |
and |
|
140.10 |
156.00 |
15.90 |
3.21 |
and |
|
160.00 |
176.00 |
16.00 |
2.88 |
D22-96 |
4 |
163.70 |
221.40 |
57.70 |
4.06 |
D22-97 |
5 |
98.25 |
108.00 |
9.75 |
16.74 |
D22-105 |
1 |
150.90 |
154.00 |
3.10 |
61.44 |
D22-99 |
4 |
12.00 |
50.00 |
38.00 |
3.56 |
D22-87 |
4 |
56.00 |
134.00 |
78.00 |
1.63 |
D22-52A |
4 |
173.00 |
191.00 |
18.00 |
5.19 |
D22-95 |
4 |
39.78 |
45.44 |
5.66 |
9.44 |
D22-91 |
4 |
140.00 |
183.00 |
43.00 |
1.69 |
Note: A complete
list with details of the reported composites (including the
calculation method) is posted on the Company website.
Reunion Gold adds another diamond drill
rig to accelerate its drill program
As a result of continued success with its
ongoing drill program at Oko West, the Company has added another
diamond drill rig from Major Drilling, taking the total rig count
to 5, including four diamond drill rigs and one reverse circulation
drill rig. The additional rig is intended to accelerate the
drilling pace and further enhance the Company's ability to drill
deeper holes. In addition, the Company is adding to its fleet of
heavy equipment to accommodate the added drill and reverse
circulation drill, which is starting up operation again after a
brief break and will be used primarily for scout drilling.
Advancing the project
In addition to its exploration program, the
Company has several other programs in place to advance the project,
including a LIDAR survey, further metallurgical testing and
environmental baseline studies. A LiDAR survey was recently
completed covering the project area. The Company has also confirmed
the distribution of metallurgical sampling in conjunction with its
consultant GMining Services. The Company engaged Environmental
Resources Management to begin environmental baseline work for the
project.
Exploration program
The Company continues to work towards its goal
of completing an additional ~13,000 m of drilling by August 2022 in
preparation for its maiden resource estimate (MRE). The MRE is
intended to be a progress report on the nature and size of the
resource to date within a conceptual pit outline. The MRE will also
help design the next phase of drilling at the Kairuni zone,
including the depth of future holes. Strategically, the Company
intends to continue drilling the Kairuni zone beyond the release of
the MRE.
In addition to drilling at the Kairuni zone,
exploration work is underway on the Takutu zone, which represents
the southern 3.5 km extension of the same shear zone hosting the
Kairuni zone. The Takutu zone also hosts gold in soil anomalies and
is adjacent to areas of alluvial gold mining downstream from the
zone. The mapping of the Takutu zone confirms the continuity of the
sheared contact between the granitoid rock unit to the east and the
sequence of sediments hosting gold mineralization. Mineralized
shears along this contact have also been identified and are being
sampled. Once detailed mapping and sampling at the Takutu zone are
complete, the Company intends to proceed with a trenching and or
scout RC drill program.
Sample collection, assaying and data
management
The Company calculated drill results composites
with a minimum length of 2 meters, a cutoff grade of 0.3 g/t, and
up to 7 meters maximum length of internal waste. Gold grades are
uncapped. Mineralized intersection lengths are not necessarily true
widths. Complete drilling results and drill hole data are being
posted on the Company's website. Diamond drill (DD) 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 (RC) 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. Initial
assays with results above 3,000 ppb gold are re-assayed with a
gravimetric finish. Samples with visible gold are assayed with a
metallic screen method using 1 kg of pulp. Certified reference
materials and blanks are inserted at 5% of samples shipped to the
laboratories. RC field duplicates and DD umpire pulp duplicates are
also generated at 5% of samples. Pulp umpire duplicates are
analyzed at the MSALabs certified laboratory in Georgetown. 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 Disclaimer Regarding Forward-Looking
Statements
This press release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities laws (collectively,
"forward-looking statements"). Statements and
information that are not historical facts are forward-looking
statements. Forward-looking statements are frequently, but not
always, identified by words such as "expects", "anticipates",
"believes", "intends", "estimates", "potential", "possible" and
similar expressions, or statements that events, conditions or
results "will", "may", "could" or "should" occur or be achieved.
Forward-looking statements and the assumptions made in respect
thereof, involve known and unknown risks, uncertainties and other
factors beyond the Company's control. Forward-looking statements in
this press release includes statements regarding plans to complete
drilling and other exploration programs, potential mineralization,
exploration and drill results, and statements regarding beliefs,
plans, expectations or intentions of the Company. Mineral
exploration is highly speculative, characterized by several
significant risks, which even a combination of careful evaluation,
experience and knowledge may not eliminate. Refer to the Company's
most recent annual management's discussion and analysis for a
description of such risks.
Forward-looking statements in this press release
are made as of the date herein. Although the Company believes that
the assumptions and factors used in preparing the forward-looking
statements in this press release are reasonable, undue reliance
should not be placed on such 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
Corporation
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. In 2021 the Company
made an exciting new gold discovery at its Oko West project in
Guyana, where to date it has outlined continuous gold
mineralization at the Kairuni zone over 2,500 meters of strike and
to a depth of 575 meters. The deposit appears to be open-pit
amenable with a strong grade profile and favourable initial
metallurgy. The Company's common shares are listed on the TSX
Venture Exchange under the symbol 'RGD' and trade on the OTCQB
under the symbol ‘RGDFF’.
Additional information about the Company is
available on SEDAR (www.sedar.com) and the Company's website
(www.reuniongold.com). The Company currently has 828.9 million
issued and outstanding common shares.
For further information, please contact:
REUNION GOLD CORPORATION Carlos H. Bertoni,
Interim CEO, or Doug Flegg, Business Development AdvisorTelephone:
+1 450.677.2585Email: info@reuniongold.com
Figure 1: Map of schematic geology, exploration
blocks, mineralized zones, drilling program, and drill holes
highlighted in this press release.Link:
https://www.reuniongold.com/220613-pr?lightbox=dataItem-l4bzpfy01
Figure 2: Geological cross-section along 701950N
showing mineralized intervals for DD holes 89 and 91.Link:
https://www.reuniongold.com/220613-pr?lightbox=dataItem-l4bzpfy4
Figure 3: Geological cross-section along 701850N
showing mineralized intervals for DD holes 87 and 95.Link:
https://www.reuniongold.com/220613-pr?lightbox=dataItem-l4bzpfy5
Figure 4: Geological cross-section along 701800N
showing mineralized intervals for hole DD 112, showing mineralized
intersection at a vertical depth of 575 m.Link:
https://www.reuniongold.com/220613-pr?lightbox=dataItem-l4bzpfy51
Figure 5: Geological cross-section along 701750N
showing mineralized intervals for DD holes 92, 93 and 96.Link:
https://www.reuniongold.com/220613-pr?lightbox=dataItem-l4bzpfy52
Figure 6: Geological cross-section along 701700N
showing mineralized intervals for DD holes 98 and 99.Link:
https://www.reuniongold.com/220613-pr?lightbox=dataItem-l4bzpfy53
Figure 7: Gold grade (g/t) voxel block model of
the Kairuni zone shown as plan and longitudinal section (looking
west) using 0.3 g/t cutoff grade and 8 by 8 m blocks. Planned DD
holes are red dots, and planned RC holes are blue squares.Link:
https://www.reuniongold.com/220613-pr?lightbox=dataItem-l4c00yd4
Reunion Gold (TSXV:RGD)
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