Reunion Gold reports drill results and extends Nivré deposit mineralization by 1.8 km at Dorlin Project, French Guiana
November 04 2019 - 7:00AM
Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to
provide results of a first-phase diamond drilling program of 1,332
meters aimed at testing targets to increase the Nivré deposit
resource. Details of the drill results are presented in Table 1 and
the drill holes are located in Figure 1. Highlights of drill
results include:
Sept Kilos Prospect
- 8.70 g/t gold over 1.5
meters from 54.0 meters in drill hole DO-19-195 (see
section in Figure 2).
Roche d’Olon Prospect
- 1.53 g/t gold over 9.6
meters from 61.5 meters in drill hole DO-19-198A (see
section in Figure 3).
North end of Nivré East zone
- 2.20 g/t gold over 11.25
meters from 64.5 meters in drill hole DO-19-199. This
drill hole tested an induced polarization (IP) chargeability
anomaly located immediately east of the gold mineralization
currently in the resource estimate (see press release dated March
14, 2019 - see section in Figure 4).
“Gap” target - Nivré East zone
- 1.55 g/t gold over 6.6
meters from 13.5 meters in drill hole DO-19-201. This
drill hole tested an IP chargeability anomaly previously
un-drilled, located immediately west of the gold mineralization
currently in the resource estimate (PR dated March 14, 2019 - see
section in Figure 5).
Drill program
The current drilling program consists of
approximately 3,000 meters of core drilling. Results for the first
1,332 meters are reported in this release. The program is expected
to continue in Q1 2020 with the objective to expand the current
mineral resources by identifying additional gold mineralization
both at the periphery of the Nivré deposit and at various adjoining
prospects.
A reverse circulation drill rig will be
mobilized in 2020 and the Company intends to conduct a 5,000 meters
program to test the various prospects presented in Figure 6.
Highlights of historical results identified from very limited
historical trenching or drilling work outside the Nivré deposit
area, include:
- 1.12 g/t gold over 18.0 m and
3.04 g/t gold over 7.95 m, respectively, in a
trench and in drill hole DN3 at the Jadfar NE prospect
- 2.39 g/t gold over 6.0 m and 1.01 g/t gold over 16.5
m, respectively, in a trench and in drill hole 97-136 at
the Jadfar prospect
- 1.77 g/t gold over 4.0 m in drill hole DN1
- 4.57 g/t gold over 4.2 m in drill hole
DE1
The Dorlin Gold Project
The Dorlin Project covers an area of 84 km² in
French Guiana, located approximately 180 km southwest of Cayenne,
accessible by bush track, small boat and aircraft. The Dorlin
mining district has been one of the major artisanal gold producing
areas in French Guiana since 1901, when alluvial gold was
discovered along the Petit Inini River and the area became famous
for producing large gold nuggets. The Project area is underlain by
a sequence of Proterozoic intermediate to felsic volcanic rocks
belonging to the Paramaca Group that have been extensively
deformed/altered and cut by felsic granitoids. Gold mineralization
is mainly associated to silica-tourmaline-sulphide alteration zones
that are roughly north-south striking, steeply dipping and tabular
shaped. These alteration zones are contained in schistose rocks
related to strong shearing.
Reunion has an option to acquire 75% of the
Dorlin Project from Auplata Mining Group SA (Euronext Growth -
ALAUP) by completing a feasibility study and spending a minimum of
US$3 million over a period of three years and can acquire an
additional interest of 5% for a consideration to be based on the
NPV in the feasibility study. The exploitation permit covering the
Dorlin Project is held by Auplata Mining Group SA and subject to
renewal by the French mining administration.
Quality assurance and quality
control
The Company has implemented a quality assurance
and quality control (QA/QC) program and chain of custody protocols
for all its sampling and particularly for drilling programs. Core
drilling uses HQ‐size rods in saprolite and NQ‐size rods in fresh
rock with half‐core samples collected. Sample length is usually 1.0
meter, but varies according to geology between 0.35 and 1.5 meters
Certified standards and blanks are respectively inserted in average
every 25 and 20 samples, while a duplicate sample is inserted about
one per 25 samples, resulting in the insertion of about 13% of
control samples. Blanks and duplicates are preferentially inserted
after visually identifying mineralized zones to ensure that the
results are meaningful. Samples are crushed to 80% passing 2.5 mm,
rifle split (500 g) and pulverized to 85% passing 90 microns and
analyzed for gold by fire assay with atomic absorption finish on
50‐gram pulps. Samples above 10 g/t gold are systematically
re‐analyzed with gravimetry finish. Analysis are performed by
FILAB-AMSUD in Surinam, an accredited laboratory for quality
procedure according to ISO 9001(2008) and ISO/IEC 17025.
Qualified Persons
Dr. Dominique Fournier, EurGeol., the
exploration manager for Reunion Gold in French Guiana and a
qualified person pursuant to NI 43-101, is responsible for the work
being done at the Dorlin Project. Mr. Carlos Bertoni, P. Geo., a
consultant to Reunion Gold and a qualified person pursuant to NI
43-101, has reviewed and approved the scientific and technical data
contained in this press release.
Cautionary Statement
This press release contains certain
forward-looking information as defined in applicable Canadian
securities laws. All statements, other than statements of
historical fact, are forward-looking information. Specifically,
this press release includes forward-looking information regarding
the timing and results of exploration programs, the potential
mineralization, potential expansion of the resources, and
statements about the beliefs, future plans, objectives and
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. Such risks include but are not limited
to: uncertainties regarding the availability of funds to conduct
plan exploration programs and for additional capital requirements,
uncertainty of exploration results; misinterpretation of data,
delay to obtain required permits, logistical problems, volatility
of gold price; mining risks, uncertainties related to the Company’s
ability to acquire the projects; and cost of exploration and
development programs. 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) accepts responsibility for
the adequacy or accuracy of this press release.
About Reunion Gold
Reunion Gold Corporation is a Canadian
exploration company focused on acquiring, exploring and developing
gold projects in the Guiana Shield, South America. The Company’s
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 on the Company’s website
(www.reuniongold.com).
For further information, please contact:
REUNION GOLD CORPORATION Réjean
Gourde, President & CEOTelephone: +1 450.677.2585Email:
info@reuniongold.com
Table 1 – Diamond drill results – Dorlin
project (lower cut‐off at 0.4 g/t gold ‐ only intersections longer
than 1.0 meter and grading above 1.0 g/t gold are included)
Figure 1 – Dorlin 2019 and historical drill
holes on IP chargeability gridded data, showing the Nivré deposit
resource pit outline in white, gold-in-soil 200 ppb contours in
red, the trace of the drill sections (Figures 2 to 5), topography
contours and rivers as a background.
Figure 2 – Drill cross section looking
north at Sept Kilos Prospect.
Figure 3 – Drill cross section looking
north at Roche d’Olon Prospect
Figure 4 – Drill cross section looking
north at northern end of Nivré East zone
Figure 5 – Drill cross section looking
north at “Gap” and Nivré East zone
Figure 6 – Dorlin IP chargeability gridded
data, showing the Nivré deposit outline, gold-in-soil 200 ppb
contours in red, topography contours and rivers as a background,
and the historical results of limited exploration work outside
Nivré deposit area.
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