Reunion Gold commenced drilling program at its Oko West Gold Project, Guyana
June 29 2021 - 8:00AM
Reunion Gold Corporation (TSX-V: RGD) (the "Company") is pleased to
confirm that it has commenced the drilling program at its Oko West
Project in Guyana. As announced on May 28, 2021, the program
includes a combination of approximately 130 diamond and reverse
circulation drill holes totalling up to 11,000 meters. Diamond
drilling was initiated at the northern end of Block 1 and will
systematically continue southwards (Figure 1). Six diamond drill
holes have been completed for a total length of 414 meters. An
air-core/reverse circulation drill rig is currently in transit and
should be available early in July to accelerate the program.
Drilling results will be announced regularly.
The Company recently received encouraging assay
results of channel samples from trench 58 (Figure 2), demonstrating
that gold mineralization extends about 120 m south of trench 26,
which boasted an interval of 5.5 g Au/t over 34.5 m. Trench 58
included intervals assaying 5.4 g Au/t over 12 m (from 66.0 to 78.0
meters) and 1.8 g Au/t over 10 m (from 82.0 to 92.0 meters). These
results demonstrate that near-surface gold mineralization in Block
4 has a minimum strike length of 350 m, remaining open laterally
and at depth. The Company will be drilling this exploration block
shortly to confirm these extensions.
The Oko West area is in the Cuyuni River basin
of Guyana, a traditionally mining-friendly jurisdiction. The
Company has an option to acquire a 100% ownership interest in
mineral rights covering an area of approximately 11,900 acres. Gold
mineralization is found in north-south shear zones straddling a
six-kilometre-long contact of granitic and volcanic rocks within
the project boundaries.
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: Map showing schematic geology, soil
gold anomaly, completed drill holes and layout of exploration
blocks.
Figure 2: Map of exploration block 4, showing
schematic geology, trench sampling results and planned exploration
work.
Notes:(1) Composites calculated using these
parameters:
- Minimum composite grade: 0.4 g/t; Minimum composite length: 2
m
- Cut-off of an interval to be included in composite: 0.4 g/t;
The maximum length of internal waste: 2 m.
(2) Trench 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.
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