Reunion Gold Corporation (TSXV: RGD) (the "Company") is pleased to
announce the results from five drill holes at its Oko West project
in Guyana, including intercepting significant gold mineralization
in the two deepest holes drilled to date on the project. Carlos
Bertoni, the interim CEO, stated: "I'm very excited by the grades
and length of intercepts reported in holes D-62 and D-63, which at
349 m and 302 m vertical depth represent significant step-outs from
hole D-53, the deepest hole previously reported at ~ 222 m. Gold
mineralization continues to show strong continuity both along
strike and to depth."
Table 1: Highlight composite intercepts summary
table (see table 3 for complete results)
Drill Hole |
Gold (g/t) |
Length (m) |
From (m) |
To (m) |
OKWD22-59Including |
1.80 |
2.13 |
32.06 |
19.38 |
77.0078.00 |
109.0697.38 |
Including |
3.38 |
8.82 |
63.00 |
8.00 |
125.00134.00 |
188.00142.00 |
OKWD22-62 |
1.13 |
|
7.00 |
|
263.00 |
270.00 |
|
3.63 |
|
8.50 |
|
276.5 |
285.00 |
Includingand |
1.50 |
1.820.70 |
67.30 |
47.0010.50 |
292.50292.50342.50 |
359.80339.50353.00 |
OKWD22-63 |
5.10 |
|
6.00 |
|
197.00 |
203.00 |
|
1.54 |
|
35.00 |
|
208.00 |
243.00 |
IncludingIncluding |
2.45 |
2.674.23 |
64.7 |
23.0018.65 |
252.95273.00299.00 |
317.65296.00317.65 |
As can be seen in table 1 and figures 1, 2 &
3, drill hole D-62 recorded three intercepts in the mineralized
zone, including 1.50 g/t over 67.3 m to a vertical depth of ~ 349
m, which represents a ~127 m step out from the previous deepest
hole D-053, which intercepted 3.59 g/t over 59.0 m to a vertical
depth of ~ 222 m. Core from hole D-62 will be on display at the BMO
Global Metals and Mining Conference core shack event on Tuesday,
March 1, in Miami, Florida. Hole D-63 (figure 4) intercepted 2.45
g/t over 64.7 m to a vertical depth of ~ 302 vertical meters,
representing an 80 m step out from hole D-53 and is the second
deepest mineralized intercepted. Two additional intercepts in D-63,
up-hole from deep intercept and within the mineralized zone
returned 1.54 g/t over 35.0 m and 5.0 g/t over 6.0 m. Hole D-59
(figure 5) intercepted 3.38 g/t over 63.0 m, which translates to a
gram meter intercept of 212.9 grams x meter. This represents the
6th highest grade composite intercepted to date, as listed in table
2. Table 3 shows the full list of composite intercepts being
reported.
Table 2: Highest gram meter intercepts at the
Kairuni zone (*) to date
Drill Hole |
Exploration Block |
Composite |
Gram x Meter |
OKWD21-038 |
4 |
16.87 g/t over 37.0 m |
624.2 |
OKWD21-031 |
4 |
5.81 g/t over 105.4 m |
612.4 |
OKWR21-038 |
4 |
24.16 g/t over 19.0 m |
459.0 |
OKWR21-099 |
4 |
6.87 g/t over 53.0 m |
364.1 |
OKWD21-034 |
4 |
4.23 g/t over 50.85 m |
215.1 |
OKWD21-059 |
4 |
3.38 g/t over 63.0 m |
212.9 |
(*) For ease of reference, the Company is naming
the northernmost 2.5 km of strike of the geochemical anomaly as the
Kairuni zone. This zone straddles the contact between granitoids
and greenstone rocks, is coincident with a strong shear zone and is
the area where most of the drilling on the project has taken
place.
Three priority exploration
targetsReunion Gold is also pleased to highlight three
additional priority exploration targets on the Oko West project
area, which are illustrated in figure 6. These targets include the
Takutu zone, which represents the southern 3.5 km of the gold in
soil geochemical anomaly south of the Kairuni zone. The Takutu zone
also lies along the sheared contact between granitoid and
greenstone rock units and forms an elevated ridge that is upstream
of an area of significant alluvial mining. This zone has the
potential to be the hard rock source of that downstream alluvial
gold. The number 2 target area is also a topographically high area
and a potential hard rock source for significant alluvial gold
mining that has been occurring downstream from that height of land,
as seen in figure 6. The third target area lies immediately west of
the Kairuni zone and incorporates an area containing several soil
gold anomalies and also appears to be underlain by favourable
geology. It is possible that this area contains a similar
stratigraphic/structural horizon to that of G2 Goldfields, whose
project is situated to the north of the Oko West.
Exploration programThe overall
objective of the exploration program is to define the total extent
of gold mineralization at the Oko West project. We are moving to
our 15,000 m phase 4 drill program, targeted to be completed by the
end of Q2/2022. The program will include drilling along the 2.5 km
long Kairuni zone to confirm the vertical and depth continuity of
the zone in support of a maiden resource in 2H/2022. The maiden
resource will be used to inform the next phase of exploration at
the Oko West project. In addition to the drilling in support of a
maiden resource, the Company is planning to initiate exploration
programs on the three targets outside of the Kairuni zone as
described above. This work will include geological mapping, power
auger sampling, scout drilling and possibly trenching.
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 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 gold mineralization for 2,500 meters of strike and
to a depth of 220 meters. A 15,000-meter phase 4 drill program is
currently underway with a target of releasing a maiden resource in
the second half of 2022. 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 746.8 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.comTable 3: Complete results
of composite intercepts from this press release.
Drill Hole |
ExplorationBlock |
EastCollar |
NorthCollar |
Elevation(m) |
Azimuth |
Dip |
From(m) |
To(m) |
Length(m) |
Gold(g/t) |
OKWD21-59 |
4 |
272789 |
701519 |
66 |
270 |
-61 |
77.00 |
109.06 |
32.06 |
1.80 |
Including |
|
|
|
|
|
|
78.00 |
97.38 |
19.38 |
2.13 |
Including |
|
|
|
|
|
|
125.00 |
188.00 |
63.00 |
3.38 |
Including |
|
|
|
|
|
|
134.00 |
142.00 |
8.00 |
8.82 |
OKWD22-060 |
4 |
272843 |
701453 |
81 |
263 |
-60 |
136.00 |
145.00 |
9.00 |
1.20 |
|
|
|
|
|
|
|
150.76 |
158.00 |
7.24 |
1.38 |
|
|
|
|
|
|
|
181.00 |
201.00 |
20.00 |
2.27 |
|
|
|
|
|
|
|
252.00 |
259.00 |
7.00 |
1.34 |
OKWD22-061 |
4 |
272797 |
701395 |
74 |
267.0 |
-59 |
205.00 |
234.00 |
29.00 |
2.10 |
Including |
|
|
|
|
|
|
205.00 |
227.00 |
22.00 |
2.68 |
|
|
|
|
|
|
|
250.00 |
257.00 |
7.00 |
1.08 |
OKWD22-062 |
4 |
272978 |
701701 |
77 |
271 |
-61 |
263.00 |
270.00 |
7.00 |
1.13 |
|
|
|
|
|
|
|
276.50 |
285.00 |
8.50 |
3.62 |
|
|
|
|
|
|
|
292.50 |
359.80 |
67.30 |
1.50 |
Including |
|
|
|
|
|
|
292.50 |
339.50 |
47.00 |
1.82 |
Including |
|
|
|
|
|
|
342.50 |
353.00 |
10.50 |
0.70 |
OKWD22-063 |
4 |
272950 |
701795 |
82 |
270 |
-61 |
197.00 |
203.00 |
6.00 |
5.10 |
|
|
|
|
|
|
|
208.00 |
243.00 |
35.00 |
1.54 |
|
|
|
|
|
|
|
252.95 |
317.65 |
64.70 |
2.45 |
Including |
|
|
|
|
|
|
273.00 |
296.00 |
23.00 |
2.67 |
Including |
|
|
|
|
|
|
299.00 |
317.65 |
18.65 |
4.23 |
|
|
|
|
|
|
|
|
|
|
|
Note: The Company calculated these drill results
composites with a minimum length of 2 m, a cut-off grade of 0.3
g/t, and up to 4.5 m 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 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. 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.
Figure 1: Map of the Kairuni zone showing
schematic geology, gold grade block model of assay composites,
exploration blocks, and location of drill holes announced in this
press release with highlighted intersections.
Link:
https://www.reuniongold.com/220224-pr?lightbox=dataItem-l00wf5r2
Figure 2: Plan map and longitudinal sections of
the Kairuni zone showing gold grade block model, executed and
planned drill holes, and the location and pierce points of drill
holes announced in this press release.
Link:
https://www.reuniongold.com/220224-pr?lightbox=dataItem-l00vw8cr1
Figure 3: Geological cross-section of drill
fence 701700N showing schematic geology and mineralized
intersections of drill holes.
Link:
https://www.reuniongold.com/220224-pr?lightbox=dataItem-l00vw8cw
Figure 4: Geological cross-section of drill
fence 701800N showing schematic geology and mineralized
intersections of drill holes.
Link:
https://www.reuniongold.com/220224-pr?lightbox=dataItem-l00vw8cw1
Figure 5: Geological cross-section of drill
fence 701540N showing schematic geology and mineralized
intersections of drill holes.
Link:
https://www.reuniongold.com/220224-pr?lightbox=dataItem-l00vw8cw2
Figure 6: Google satellite image of the Oko West project region,
showing project boundary outline (white line), areas of artisanal
alluvial workings and the three exploration targets described in
the press release.
Link:
https://www.reuniongold.com/220224-pr?lightbox=dataItem-l00vw8cw3
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