Reunion Gold Corporation (TSXV: RGD) (the "Company") is pleased to
announce additional drill results from its ongoing drilling of the
Kairuni Zone at its Oko West project in Guyana (see table 1 with
the note, and figures 1 to 6). Hole R22-128 reported
4.17
g/t over 61.0 m, including
30.35 g/t over 2.0
m and
9.72 g/t over 12.0 m.
Mineralization found in this hole is intercepted by four composite
intercepts with a combined length of 66.0 m. Hole D22-073
intersected 2.96 g/t over 17.0 m and 2.4 g/t over 50.3 m within a
mineralized zone, containing six composite intercepts totalling
89.35 m of combined length. Mineralization in hole D22-075 is
comprised of six intercepts totalling 63.7 m in combined length and
including composites of
9.35 g/t over 8.0 m and
3.04 g/t over 17.5 m. Hole D22-066 intersected
eight intercepts with a total length of 85.36 m, including
intervals of
2.65 g/t over 18.0 m and
3.29
g/t over 28.0 m. Carlos Bertoni, the interim CEO, stated:
"The results from this release continue to show the strong
continuity of gold mineralization in the Kairuni zone, particularly
in the block 4 area where much more deep drilling has occurred. The
next phases of drilling will include more detailed drilling in the
areas of blocks 1, 5 and 6, following up on our recent mapping
programs."
Table 1: Highlight composite intercepts
summary table (see note below)
Hole |
To(m) |
From(m) |
Length(m) |
Grade(g/t) |
R22-128 |
The mineralized zone is comprised of four composites totalling
66.0 m in combined length – one composite is
highlighted below: (see note below) |
|
14.00 |
75.00 |
61.00 |
4.17 |
Including |
22.00 |
24.00 |
2.00 |
30.35 |
and |
38.00 |
50.00 |
12.00 |
9.72 |
D22-073 |
The mineralized zone is comprised of six composites totalling
89.35 m in combined length – three of these
composites are highlighted below: (see note below) |
|
124.30 |
141.30 |
17.00 |
2.96 |
and |
148.00 |
198.30 |
50.30 |
2.40 |
and |
211.00 |
214.50 |
3.50 |
3.49 |
D22-066 |
The mineralized zone is comprised of eight composites totalling
85.36 m in combined length – four of these
composites are highlighted below: (see note below) |
|
133.00 |
151.00 |
18.00 |
2.65 |
and |
180.80 |
187.47 |
6.67 |
3.13 |
and |
191.00 |
214.00 |
23.00 |
1.76 |
and |
217.00 |
245.00 |
28.00 |
3.29 |
D22-075 |
The mineralized zone is comprised of six composites totalling
63.70 m in combined length – two of these
composites are highlighted below: (see note below) |
|
9.20 |
17.20 |
8.00 |
9.35 |
and |
21.50 |
39.00 |
17.50 |
3.04 |
Note: To better represent
the length of the entire mineralized zone, which typically is made
of several composite intercepts from each hole, we have reported
the combined length of the mineralized zone, which is represented
by adding together the individual intercept lengths of all the
composites present in a particular hole. There are areas of varying
length between the composites below the 0.3 g/t cutoff grade used
to calculate composites, which can be seen by looking at the full
reporting of the composites (including how they are calculated) on
the Company website. This is also illustrated in the cross-sections
(figures 2 to 5).
2022 drill program to be accelerated and
expanded
The Company has added a diamond drill rig from
Major Drilling to accelerate the pace of drilling and enhance its
ability to drill deeper holes. This brings the total number of
drill rigs at Oko West to four, including three diamond drill rigs
and one reverse circulation (RC) drill rig. In addition, Reunion
Gold's board of directors has approved a 7,000-meter increase in
combined diamond drilling and RC drilling for the 2022 drill budget
for Oko West resulting in approximately 16,000 meters remaining to
be drilled. It is expected that this increased drill program will
be completed in August and will be included in the estimate of the
project's maiden resource, currently planned for late Q3. Following
this, the Company expects to undertake follow-up drill programs to
the end of 2022 and has funding to continue drilling past the
approved budget.
Geology and exploration – Kairuni
zone
Drilling at Oko West only started in July 2021,
and Reunion Gold's exploration team continues to build on their
knowledge of the deposit as new data is collected. Applying this
improved knowledge of the Kairuni zone's geology, hydrothermal
alteration, structure, and recent petrographic studies, the
exploration team has begun a program of re-logging the core and
re-mapping the Kairuni zone. A higher proportion of volcanoclastic
rocks are now interpreted to host gold mineralization. This can be
seen in figure 1 and the cross-sections in figures 2 to 5. The
detailed mapping of blocks 5 and 6 at the southern end of the
Kairuni zone (figure 1) outlined a much wider and more continuous
sequence of volcanics and sediments. The work also identified the
presence of shear zones within this favourable sequence. In
addition to drilling block 4 down to approximately 200 – 250 m, the
upcoming program will continue to test the depth continuity of
blocks 1 and 2 and increase the amount of drilling on blocks 5 and
6 with the help of an improved understanding of the geology.
Geology and exploration - Other targets
at Oko West
As part of our program of investigating targets
at Oko West outside of the Kairuni zone, the Company has initiated
a detailed mapping and sampling program on blocks 7 and 8 in the
3.5 km long Takutu zone located south of the Kairuni zone. The goal
is to get an improved knowledge of geology, hydrothermal
alteration, structure and gold mineralization in this area prior to
trenching and or scout drilling. The Company has also completed a
fence of scout RC holes (assays pending) along a road that lies
immediately west of the Kairuni zone. The scout drilling is
intended to improve our knowledge of geology and structure in this
area of Oko West. A second fence of holes is planned on a road that
crosses the target area south of the first fence of scout
holes.
Advancing the Oko West
Project
In addition to the exploration underway, the
Company is advancing the project with the following work:
- G Mining Services has been engaged
to prepare a National Instrument 43-101 technical report on Oko
West, expected in early Q3. The report will provide a summary of
material scientific and technical information from the exploration
done by the Company to date. For this work, the Company surveyed
all of its drill collars with differential GPS and contracted a
Lidar survey to obtain detailed topographic information about the
area.
- G Mining Services has also been
engaged to help design a program for the next phase of
metallurgical studies, which will be performed at the Basemet Lab
in British Columbia, Canada. This program will include three
dedicated HQ-sized metallurgical holes.
- An initial environmental baseline
study is also being designed and is expected to begin in May
2022.
Sample collection, assaying and data
management
The Company calculated drill results composites
with a minimum length of 2 m, a cutoff grade of 0.3 g/t, and up to
3 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.
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. Field duplicates and umpire
pulp duplicates are also generated at 5% of samples. Pulp umpire
duplicates are analyzed at 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 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. 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 350 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.' Additional information
about the Company is available on SEDAR (www.sedar.com) and the
Company's website (www.reuniongold.com). The Company currently has
827.8 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.com
Figure 1: Map of schematic geology, mineralized
zones, drilling program, and drill holes highlighted in this press
release. Note changes of exploration block formats.
Link:
https://www.reuniongold.com/220504-pr?lightbox=dataItem-l2rtkzk91
Figure 2: Geological cross section along 701650N
showing mineralized intervals for DD holes 64, 65, 73, 75 and 76.
Hole 65 was drilled at azimuth south and hole 76 at azimuth
north.
Link:
https://www.reuniongold.com/220504-pr?lightbox=dataItem-l2rtkzkd
Figure 3: Geological cross section along 701600N
showing mineralized intervals for DD holes 76 and 78. Hole 76 was
drilled at azimuth north.
Link:
https://www.reuniongold.com/220504-pr?lightbox=dataItem-l2rtkzkf
Figure 4: Geological cross section along 701850N
showing mineralized intervals for RC drill holes 128 and 129.
Link:
https://www.reuniongold.com/220504-pr?lightbox=dataItem-l2rtkzkf1
Figure 5: Geological cross section along 701540N
showing mineralized intervals for DD hole 66.
Link:
https://www.reuniongold.com/220504-pr?lightbox=dataItem-l2rtkzkf2
Figure 6: Gold grade (g/t) voxel block model
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/220504-pr?lightbox=dataItem-l2rtkzkg
Reunion Gold (TSXV:RGD)
Historical Stock Chart
From Jan 2025 to Feb 2025
Reunion Gold (TSXV:RGD)
Historical Stock Chart
From Feb 2024 to Feb 2025