Reunion Gold Announces Discovery of Significant Gold Mineralization in Shear Zones and Launches Drilling Program at Oko West ...
December 09 2020 - 7:00AM
Reunion Gold Corporation (TSX-V: RGD) ("Reunion" or the "Company")
is pleased to announce the discovery of significant gold
mineralization in shear zones and the commencement of a 1,000-meter
diamond drilling program at its Oko West Project in Guyana (Figure
1).
Highlights
- The trenching
program resumed in September 2020 after a work suspension due to
COVID-19.
- To date, Reunion
has completed 19 trenches for a total length of 1,990 meters; 904
channel samples have been taken.
- Significant gold
assay results from channel samples include 30 meters at 2.24 g/t
(including 8 meters at 5.28 g/t) and 50 meters at 2.04 g/t
(including 16 meters at 4.23 g/t) at trench OKWT20-009, in a newly
discovered shear zone.
Soil sampling in Q1 of 2020 defined a 2 km-long
anomaly coincident with major north-south striking shear zones
identified from geophysical data acquired in 2019. The Company
believes that this gold-in-soil anomaly and trenching results is
related to the southern extension of one or more mineralized
structures intersected in drilling by G2 Goldfields immediately
north of the Oko West permits boundary (Figure 2).
Table 1 reports relevant channel sampling
assay results for all trenches. The following 11 trenches returned
sampling intervals with strong gold mineralization (Figure 3),
particularly at trench OKWT20-009:
Trench ID |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
OKWT20-001 |
6 |
10 |
4.00 |
1.85 |
OKWT20-002 |
1 |
5 |
5.00 |
3.42 |
OKWT20-003 |
0 |
24 |
24.00 |
0.98 |
OKWT20-004 |
116 |
128 |
12.00 |
2.00 |
OKWT20-008 |
8 |
14 |
6.00 |
1.83 |
OKWT20-009 |
0 |
10 |
10.00 |
3.77 |
|
20 |
50 |
30.00 |
2.24 |
|
58 |
78 |
20.00 |
0.85 |
|
82 |
132 |
50.00 |
2.04 |
OKWT20-013 |
136 |
148 |
12.00 |
0.80 |
OKWT20-015 |
1,4 |
3,4 |
2.00 |
5.97 |
OKWT20-016 |
22 |
26 |
4.00 |
2.30 |
OKWT20-017 |
24 |
30 |
6.00 |
3.58 |
OKWT20-018 |
102 |
112 |
10.00 |
0.59 |
|
126 |
140 |
14.00 |
2.76 |
This trenching program confirms up to 2 km-long
north-south mineralized shear zones straddling the contacts of
volcano-sedimentary rocks and granitoids (Figures 2 and 3). The
tectonic interaction between these rocks created intense shearing
and allowed the introduction of gold mineralization in open spaces,
characterized by carbonaceous and sericitic alteration accompanying
quartz veining.
Additional trenching is ongoing, but these
encouraging results require drill-testing to verify the vertical
continuity and geometry of gold mineralization discovered so far.
On December 7, the Company started an initial 1,000-meter diamond
drilling program and will report results when available.
Oko West is
part of a group of permits in the Cuyuni River basin where Reunion
has an option to solely acquire a 100% ownership interest (Figure
1). The Company has recently secured 2,480 acres of additional
ground at the center of the project area (Figure 2), for a total
project area of 11,900 acres. The Company intends to initiate
geological mapping, soil sampling and trenching on the new ground
to verify extensions of the shear zones discovered so far.
Sample collection, assaying and data
management
Channel samples were taken horizontally and
continuously in in-situ weathered rocks (saprolite) at regular
intervals on trench walls. Reunion considers channel samples as
sub-horizontal “drill holes” given their continuity and
representative rock mass. Samples were sealed in plastic bags and
shipped to the Actlabs certified laboratory in Georgetown, Guyana,
respecting the best chain of custody practices. At the laboratory,
samples were 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 gravimetric finish. 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 Acting 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
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. 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). For further information, please contact:
REUNION GOLD CORPORATION Carlos H. Bertoni,
acting CEO orPaul Fowler, Manager, Corporate DevelopmentTelephone:
+1 450.677.2585Email: info@reuniongold.com
Figure 1: Location map of Oko West project in Guyana showing
regional schematic geology and main road infrastructure.
Figure 2: Map of Oko West project area schematic geology,
permits outlines (the black dashed area shows the new ground) and
shear zones discovered (red dashed lines).
Figure 3: Detailed map of Oko West easternmost permit, showing
schematic geology, current trench sampling results and mineralized
shear zones.Table 2: Relevant channel sample assay results (see
notes 1 and 2)
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