Reunion Gold Corporation (TSXV: RGD; OTCQB: RGDFF) (the "Company")
is pleased to announce additional high-grade intercepts from its
Oko West project, including two holes that significantly expand the
high-grade mineralized envelope below known mineralized zones. In
the past few months, the Company has focused on infill drilling to
a spacing required for resource estimation, expansion of the known
mineralized footprint both at depth and along strike, and continued
exploration work to the south of the Kairuni zone on blocks 5 and
6.
Holes D22-159, 167 and 164, which were part of
the expansion program, successfully demonstrated continued
high-grade gold mineralization both beneath existing drilling in
block 4 and to the north at depth below block 1 (see the long
section in figure 1, cross sections in figures 2 and 3, and plan
map in figure 4).
Hole D22-159, located in the middle of block 4,
demonstrates the continuation of high-grade mineralization 100
meters (m) below previously released resource definition drill
coverage and above the deep hole, D22-112, with an intercept of
1.58 grams per tonne of gold ("g/t Au") over 77.2 m, including
numerous high-grade intervals such as 3.08 g/t Au over 12.70 m and
3.20 g/t Au over 9.50 m (see table 1 and the Company's website for
detailed reporting of results and figures 1, 2 and 3 for hole
locations).
Holes D22-167 and 164 were drilled below
the northern portion of block 4 and the start of block 1,
respectively. These holes expand the footprint of high-grade
mineralization into previously undefined zones at depth.
Hole D22-167 reported an intercept of 2.23 g/t Au over 52.4 m,
including high-grade intervals such as 4.20 g/t Au over 8.40 m.
Hole D22-164 intercepted 4.58 g/t Au over 22.45 m, in addition to
two notable intervals of 3.19 g/t Au over 4.00 m and 6.70 g/t Au
over 4.20 m.
Additional highlighted holes reported below are
part of the resource definition drilling program that has been
undertaken in preparation for a maiden resource estimate. The
results continue to illustrate the strong continuity of both grades
and widths within the high-grade mineralized envelope.
D22-144 3.54
g/t Au over 51.00
mD22-147 1.75
g/t Au over 86.30
mD22-150 1.45
g/t Au over 109.50
mD22-152 2.43
g/t Au over 70.80
mD22-155 1.75
g/t Au over 119.95
mD22-161 1.95
g/t Au over 129.70
mD22-162 3.07
g/t Au over 51.00 m
Justin van der Toorn, the Company's VP
Exploration, stated "As we shift from the infill program that will
lead to a high confidence resource estimate down the road, we are
seeing our deeper drill holes continuing to intersect significant
high-grade mineralization. This, in turn, is guiding our focus of
further resource definition drilling coverage that allows us to
grow the size of the mineralized zones with systematic
step-outs."
Exploration program update
Two more diamond drill rigs, supplied by Major
Drilling, have been added to the resource definition drilling
program. Reverse circulation (RC) drilling continues south of the
Kairuni-Takutu shear zone in wide-spaced fences designed to test
previously defined gold in soil anomalies. A smaller scout RC rig
has also arrived on site and will commence a deep geochemical
sampling program that will allow for sampling beneath
duricrust-covered zones in the center and west of the Oko West
project area where prior soil sampling has proved inconclusive.
Additional work underway
-
Environment baseline studies: Environmental
Resource Management completed the planned environmental baseline
work comprising the dry-season survey of fauna and sampling surface
and ground waters in October. Surface waters from local streams
were also sampled for environmental DNA (eDNA) analysis to map
aquatic fauna biodiversity using technology developed by
NatureMetrics, a technique never previously used in the region. The
wet and dry season results are being reviewed, and further work is
being planned based on the results. The study of additional
environmental baseline disciplines is planned for 2023.
- Geotechnical work:
The Company has engaged Newfields to perform an initial
geotechnical assessment based on drill core and available drill
data with the objective of defining possible slope angles for
future expected pit designs.
- Metallurgical
studies: A variability test work program is underway with
approximately four hundred samples submitted for bottle roll
testing at Actlabs, Guyana. Samples are derived geographically
across the strike length and depth of the mineralized system, and
aim to demonstrate recovery variability across lithological units,
weathering and grade profiles. Results are expected by
year-end.
-
Power: The Company contracted Instream Energy
Systems, a Canadian group specialized in electrical "run of river"
power generation with hydrokinetic technology, to conduct a
pre-feasibility study to investigate its use for the project. This
technology uses modular in-stream equipment deployed in rivers
without water reservoirs.
-
Community health: The Company is happy to report
that the number of malaria cases diagnosed and treated in the
project area has significantly decreased. The Oko region has
suffered from endemic malaria for decades, and the Company's
malaria eradication program, in partnership with the Guyana
Ministry of Health, is effectively controlling the disease by
diagnosing and treating hundreds of cases over the last year. The
Company’s medical staff at the project site provides free malaria
testing and medication and general medical attention to anyone in
the area.
Sample collection, assaying and data
management
Significant intervals in this press release have
been calculated using a grade cutoff of 0.3 g/t Au, a minimum
length of 10 meters, and up to 10 meters maximum length of internal
waste. Included significant intervals have been calculated using a
grade cutoff of 1.0 g/t Au, a minimum length of three meters, and
up to three 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
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. All samples are shipped to the Actlabs
certified laboratory in Georgetown, Guyana, respecting
best-practice chain of custody procedures. At the laboratory,
samples are dried, crushed to 80% passing 2 mm, riffle split (250
g), and pulverized to 95% passing 105 μm. Coarse blanks are
inserted by the Company, and are used between and following
suspected high-grade intervals. Gold analysis is carried out
through a 50 g fire assay with an atomic absorption finish. Initial
assays with results above 3 g/t Au 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 a rate of 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 Justin van der Toorn, the
Company's VP Exploration. Mr. van der Toorn (CGeol, EurGeol) 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 include
statements regarding plans to complete drilling and other
exploration programs and studies, potential mineralization,
exploration and drill results, plans to complete a maiden mineral
resource, 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. 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 2,000 meters of strike and to a depth of 575 meters. The
mineralization appears to be open-pit amenable with a strong grade
profile and favourable initial metallurgy. In addition to Kairuni
there are several additional priority exploration targets on the
Oko West project area. Reunion Gold continues to look for
additional exploration opportunities within the Guiana Shield. 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'. The Company currently has 990.5 million issued and
outstanding common shares.
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,
Interim CEO, or Doug Flegg, Business Development
AdvisorDoug_flegg@reuniongold.comTelephone: +1 450.677.2585Email:
info@reuniongold.com
Table 1: Composite
intercepts highlight table (see the Company's website for
complete results). Significant intervals calculated using a 0.3 g/t
Au cutoff, 10 m minimum length and 10 m maximum internal dilution.
Included intervals calculated using a 1 g/t Au cutoff, 3 m minimum
length and 3 m maximum internal dilution.
Hole ID |
Block |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
OKWD22-143 |
4 |
63.70 |
182.00 |
118.30 |
1.72 |
including |
|
66.70 |
75.00 |
8.30 |
2.17 |
including |
|
78.25 |
86.00 |
7.75 |
2.32 |
including |
|
95.50 |
101.20 |
5.70 |
7.65 |
including |
|
117.00 |
137.70 |
20.70 |
2.96 |
including |
|
143.50 |
146.50 |
3.00 |
2.15 |
including |
|
161.70 |
169.00 |
7.30 |
3.32 |
OKWD22-144 |
4 |
36.00 |
87.00 |
51.00 |
3.54 |
including |
|
36.00 |
45.00 |
9.00 |
2.59 |
including |
|
56.04 |
63.00 |
6.96 |
7.54 |
including |
|
67.50 |
85.00 |
17.50 |
5.62 |
OKWD22-147 |
4 |
185.90 |
272.20 |
86.30 |
1.75 |
including |
|
192.50 |
196.30 |
3.80 |
4.04 |
including |
|
204.30 |
207.30 |
3.00 |
4.82 |
including |
|
230.10 |
250.50 |
20.40 |
3.20 |
including |
|
255.10 |
272.20 |
17.10 |
2.01 |
OKWD22-149 |
1 |
43.50 |
47.50 |
4.00 |
5.33 |
OKWD22-152 |
4 |
65.20 |
136.00 |
70.80 |
2.43 |
including |
|
66.60 |
77.00 |
10.40 |
4.12 |
including |
|
95.00 |
133.00 |
38.00 |
3.18 |
OKWD22-155 |
4 |
169.40 |
289.35 |
119.95 |
1.75 |
including |
|
169.40 |
173.00 |
3.60 |
1.76 |
including |
|
181.10 |
188.00 |
6.90 |
1.25 |
including |
|
199.80 |
210.00 |
10.20 |
2.54 |
including |
|
237.10 |
245.25 |
8.15 |
2.04 |
including |
|
252.75 |
288.25 |
35.50 |
3.78 |
OKWD22-159 |
4 |
348.30 |
425.50 |
77.20 |
1.58 |
including |
|
376.75 |
380.55 |
3.80 |
6.51 |
including |
|
386.00 |
390.30 |
4.30 |
4.10 |
including |
|
396.80 |
425.50 |
28.70 |
2.54 |
OKWD22-161 |
4 |
77.00 |
206.70 |
129.70 |
1.95 |
including |
|
77.00 |
81.30 |
4.30 |
5.25 |
including |
|
86.40 |
92.50 |
6.10 |
2.42 |
including |
|
101.00 |
109.00 |
8.00 |
2.33 |
including |
|
149.70 |
161.70 |
12.00 |
7.33 |
including |
|
171.00 |
179.00 |
8.00 |
2.59 |
including |
|
183.00 |
196.00 |
13.00 |
3.22 |
OKWD22-162 |
4 |
0.00 |
51.00 |
51.00 |
3.07 |
including |
|
0.00 |
4.20 |
4.20 |
7.66 |
including |
|
12.15 |
40.50 |
28.35 |
3.91 |
OKWD22-164 |
4 |
278.55 |
301.00 |
22.45 |
4.58 |
including |
|
284.00 |
295.00 |
11.00 |
8.40 |
including |
|
312.50 |
316.70 |
4.20 |
6.70 |
OKWD22-166B |
1 |
81.40 |
149.00 |
67.60 |
1.21 |
including |
|
106.50 |
109.50 |
3.00 |
1.90 |
including |
|
113.20 |
134.00 |
20.80 |
2.00 |
including |
|
142.50 |
149.00 |
6.50 |
1.13 |
OKWD22-167 |
4 |
372.60 |
425.00 |
52.40 |
2.23 |
including |
|
372.60 |
414.00 |
41.40 |
2.61 |
OKWD22-171 |
1 / 4 |
241.00 |
299.31 |
58.31 |
0.90 |
including |
|
272.00 |
275.00 |
3.00 |
2.72 |
including |
|
278.20 |
281.80 |
3.60 |
4.19 |
including |
|
287.50 |
298.00 |
10.50 |
1.32 |
Figure 1 - Long section through plane of mineralization showing
newly released drillholes, grade x downhole interval values, and
section locations on blocks 1, 4 and 5.Link:
https://www.reuniongold.com/221109-pr?lightbox=dataItem-k681a7uv
Figure 2 - Section A, 702050N - Significant intervals overlain
on geological interpretation. In line with previous press releases,
significant intervals shown on the section are calculated using a
0.3 g/t Au cutoff, 2m minimum length, and 3m maximum length for
internal dilutionLink:
https://www.reuniongold.com/221109-pr?lightbox=dataItem-k69jg9sd
Figure 3 - Section B, 701800N - Significant intervals overlain
on geological interpretation. In line with previous press releases,
significant intervals shown on the section are calculated using a
0.3 g/t Au cutoff, 2m minimum length, and 3m maximum length for
internal dilution.Link:
https://www.reuniongold.com/221109-pr?lightbox=dataItem-k69jwcjz
Figure 4 - Plan map of drill traces on Blocks 1, 4, 5 and 6 at
the Oko West Project, overlain on a level plan (at 0m RL) of
gridded Au grade x downhole interval length derived from
significant intervals. Note that only drill holes holes with newly
released assaysLink:
https://www.reuniongold.com/221109-pr?lightbox=dataItem-la8wb6c22
Reunion Gold (TSXV:RGD)
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