Reunion Gold Announces That It Has Retained G Mining Services to Provide a Mineral Resource Estimate by Mid-Year and Project Development Services for the Oko West Project in Guyana
23 Febrero 2023 - 12:43PM
Reunion Gold Corporation (TSXV: RGD; OTCQB: RGDFF) (“Reunion Gold”
or the “Company”) is pleased to announce that G Mining Services
Inc. (“G Mining”) has been chosen to provide full engineering and
project development services for its Oko West Project in Guyana.
The Company is already working with G Mining towards the release of
a maiden mineral resource estimate (“MRE”) on the Kairuni zone, by
around mid-year 2023. The services to be provided by G Mining would
follow up on the MRE and include a planned Preliminary Economic
Assessment (“PEA”) on the Oko West Project. G Mining will be
available to be drawn upon by the Company if warranted, for
pre-feasibility and feasibility studies, as well as basic and
detailed engineering and procurement, construction and
commissioning services.
In 2023, Reunion Gold plans to complete phase 1
step out and infill drilling of the Kairuni zone to outline the
full extent of the open pit mineralized envelope of this zone. The
following tasks will be to complete the MRE by mid-year and the PEA
study around year-end 2023. In parallel with this, the Company will
continue to explore three additional priority exploration targets
on the Oko West Project, including the Takatu zone, which
represents the southern 4 km of the same sheared contact that
contains the Kairuni zone. The Company’s objective is to outline
additional potential areas of gold mineralization at Oko West in
the near term, such that any additional potential resource ounces
could be added into future studies.
Rick Howes, CEO of Reunion Gold, says “There is
no engineering firm that has the mine building experience in the
Guiana Shield and in tropical environments that G Mining Services
has. Louis Gignac and G Mining have a successful track record of
designing, building and/or operating such mines as the Omai Gold
Mine and Omai Bauxite in Guyana, Gross Rosebel and Merian in
Suriname, Fruta del Norte in Ecuador, and currently Tocantinzinho
in Brazil. These projects were consistently delivered on schedule
and on or under budget and successfully ramped up to full
production. They have over 15 years of experience in Guyana
(1990-2005) and their team is well regarded in the country and
globally. I am thrilled to be working with Louis Gignac Sr. and his
whole team on this very significant discovery at Oko West in
Guyana. We have worked together with G Mining for many years and
have great confidence in their ability to help us successfully
bring this project from discovery to production. In addition to
announcing an MRE on the Kairuni zone and rapidly advancing the
PEA, the Company will also prioritize exploration on three
additional highly prospective targets at Oko West where we hope to
outline additional gold mineralization that could potentially be
added to the scope of the Oko West Project.”
Cautionary Disclaimer Regarding
Forward-Looking Statements
This press release contains forward-looking
information and statements within the meaning of Canadian
securities laws (collectively, “forward-looking
statements”). All statements, other than
statements of historical fact, contained in this press release
including, but not limited to, statements about the Company’s plans
and objectives to outline additional gold mineralization, complete
drilling programs, mineral resource estimate, preliminary economic
assessment, pre-feasibility study, feasibility study, engineering
and procurement work and mine construction, are forward-looking
statements.
Mineral exploration and project development are
highly speculative, characterized by several significant known and
unknown risks, uncertainties and other factors which even a
combination of careful evaluation, experience and knowledge may not
eliminate. 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.
Refer to the Company’s most recent annual management’s discussion
and analysis for a description of certain of those risks.
The forward-looking statements contained herein
are presented for the purposes of assisting investors in
understanding the Company’s plans and objectives and may not be
appropriate for other purposes. There can be no assurance that such
statements will prove to be accurate and may differ materially from
those anticipated. Readers should not place undue reliance on
forward-looking statements. The forward-looking statements
contained in this press release are expressly qualified by this
cautionary statement. 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. In addition to Kairuni, there are several
additional priority exploration targets in the Oko West project
area. 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).
For further information, please contact:
REUNION GOLD CORPORATION Rick Howes, President,
CEO and DirectorDoug Flegg, Business Development AdvisorEmail:
doug_flegg@reuniongold.comTelephone: +1 450.677.2585Email:
info@reuniongold.com
Reunion Gold (TSXV:RGD)
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