Reunion Gold Corporation (TSXV: RGD; OTCQX: RGDFF) (the “Company”)
is pleased to announce additional results from its resource
definition drill program at Oko West. This release reports
significant intervals from 34 new diamond drill holes (15,518
meters (m)) completed in Blocks 1, 4, 5, and 6 (see Figure 1 &
Figure 2) that will form part of the upcoming mineral resource
estimation (MRE). Results continue to confirm broad intercepts of
gold mineralization while also intersecting high-grade intervals at
depth and within Block 4. These broad intercepts are highlighted by
hole D-254 intercepting 120.7 m @ 3.13 grams per ton of gold (g/t
Au), hole D-259 intersecting 52.7 m @ 4.55 g/t Au and hole D-271
intersecting 114.5 m @ 2.02 g/t Au.
In addition to ensuring sufficient drill density
for the upcoming MRE, the drill program has also targeted high
grade zones within the overall and wider mineralized envelope, as
demonstrated by the higher-grade included intervals reported in
Table 1 using a 1.5 g/t Au cut-off. Such higher-grade intervals and
zones continue to be targeted by the Company in view of a possible
underground mining scenario. The long section shown in Figure 3
illustrates the continuity of these high-grade intersects, which
extend to a depth of approximately 600 m below surface and
importantly remain open to expansion at depth. Note that Holes
D-200 and D-203 (previously reported) intercepted gold
mineralization to a depth of approximately 1,000 m below
surface.
Phase 1 of the Scout Geochem drill program at
the Bryan zone to the west of the project area is largely complete
and has been successful in outlining three main areas of anomalous
gold identified through saprolite sampling that will require
further follow up (see Figure 4). This follow-up program will
initially include infill scout drilling and ground geophysics,
followed by conventional RC drill testing at both the High Road and
North Drive targets.
Alongside the shallow Scout RC drilling program
previously announced, the Company has also commenced wider spaced
conventional RC drilling in selected areas within the Bryan Zone.
Of the initial five holes completed and shown on Figure 4, R-1006
was drilled to a depth of 100m (beneath a Scout RC saprolite sample
of 66 ppb Au) and intersected 17.0 m @ 1.71 g/t Au from 14 m depth,
including 5.0 m @ 4.08 g/t Au. Further work in this area is also
being planned.
Rick Howes, President, CEO and director of
Reunion Gold, commented, “Activities at Oko West continue in full
swing, with a combined focus on delivering a maiden resource
estimate on the Kairuni zone while simultaneously delivering
promising new exploration results from other areas within the
project. The results from recent diamond drilling are especially
important to highlight and continue to show continuity of
high-grade mineralized zones at depth. For example, the 47
high-grade intersects from Blocks 1 and 4 (from 20 holes) reported
a weighted average grade of 5.05 g/t Au with an estimated average
true thickness of 6.7 m.
“We are also very excited to report that after
just 22 months of drilling at Oko West, we intend to announce our
maiden Mineral Resource Estimate (MRE) on June 13 after the close
of markets and will be hosting a conference call on June 14 to
provide additional information on this MRE announcement.”
The Company is also continuing with additional
study activities required to deliver a Preliminary Economic Study
(PEA) by year-end, which will be based on the MRE. Ongoing studies
include the second phase of an environmental baseline study, as
well as metallurgical testing program designed to support the PEA.
The main aim of the program is to evaluate the metallurgical
response of the main ore types in the deposit and develop a
preliminary flowsheet design that optimizes gold recovery.
Live Event on June 14, 2023 @ 10:00 am
(EDT)
Please join the Company for a live event on June
14 at 10:00 am (EDT). Rick Howes, CEO of the Company and VP
Exploration, Justin van der Toorn, will discuss and answer
questions on the MRE.
Use this link to register to our live
event: https://my.6ix.com/SJI-AHpv
Sample collection, assaying and data
management
Significant intervals in this press release have
been calculated using a grade cut-off of 0.3 g/t Au, a minimum
length of ten meters, and up to ten meters maximum length of
consecutive internal waste. Included significant intervals have
been calculated using a grade cut-off of 1.5 g/t Au, a minimum
length of three meters, and up to two meters maximum length of
consecutive internal waste. Gold grades are uncapped. Mineralized
intersection lengths are not necessarily true widths and estimated
true thickness (“ETT”) has been calculated using an assumed plane
of mineralization dipping 65° towards 095°, representative of the
mineralization identified in Block 4. Complete drilling results and
drill hole data are posted on the Company's Website. Diamond drill
(DD) 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 (RC) drill
samples are obtained from a rotary splitter attached to a Metzke
cyclone, weighed, bagged, and tagged at the drill site. All
resource drilling samples are shipped to the Actlabs certified
laboratory in Georgetown, Guyana, respecting best-practice chain of
custody procedures. Samples from the Scout RC program and recent
conventional RC samples are shipped to MS Analytical in Georgetown
using the same chain-of-custody procedures. At each laboratory,
samples are dried, crushed to 80% passing 2 mm, riffle split (250
g), and pulverized to 95% passing 105 μm. Coarse blanks are
inserted by the Company, and are used between and following
suspected high-grade intervals. Barren sand flushes are inserted by
the analytical laboratory after each sample is pulverized to clean
the bowl. Gold analysis is carried out through a 50 g fire assay
with an atomic absorption finish. Initial assays with results above
3.0 g/t Au are re-assayed with a gravimetric finish. Samples with
visible gold are additionally assayed with a metallic screen method
using 1 kg of pulp. Certified reference materials and blanks are
inserted at a rate of 5% of samples shipped to the laboratories. RC
field duplicates and DD umpire pulp duplicates are also generated
at a rate of 5% of samples. Pulp umpire duplicates are analyzed at
the MSALabs certified laboratory in Georgetown. Assay data is
subject to QA/QC prior to accepting into the Company database
managed by an independent consultant.
Qualified Person
The technical information in this press release
has been reviewed and approved by Justin van der Toorn, the
Company's VP Exploration. Mr. van der Toorn (CGeol FGS, EurGeol) 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 and the
assumptions made in respect thereof involve known and unknown
risks, uncertainties and other factors beyond the Company's
control. Forward-looking statements in this press release include
statements regarding plans to complete drilling and other
exploration programs and studies, potential mineralization,
exploration and drill results, interpretation of such exploration
and drill results, plans to complete a maiden mineral resource and
a preliminary economic assessment, 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. 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 2,000 meters of strike and
to a depth of 600 meters. The mineralization appears to be open-pit
amenable with a strong grade profile. In addition to Kairuni there
are several additional priority exploration targets on the Oko West
project area that the Company is exploring. The Company's common
shares are listed on the TSX Venture Exchange under the symbol
'RGD' and trade on the OTCQX under the symbol 'RGDFF'.
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 Rick Howes, President
and CEO, or Doug Flegg, Business Development
AdvisorDoug_flegg@reuniongold.comTelephone: +1 450.677.2585Email:
info@reuniongold.com
Table 1 - Significant Intervals
Hole ID |
Block |
From(m) |
To(m) |
Downhole Interval(m) |
Au Grade(g/t) |
Grade x Downhole
Interval(gm/t) |
ETT*(m) |
Cutoff**(Au g/t) |
OKWD23-221 |
1 |
319.0 |
359.4 |
40.4 |
1.01 |
41 |
32.6 |
0.3 |
inc |
|
329.0 |
332.9 |
3.9 |
3.18 |
12 |
3.1 |
1.5 |
inc |
|
340.0 |
345.0 |
5.0 |
2.56 |
13 |
4.1 |
1.5 |
OKWD23-237A |
6 |
207.0 |
222.9 |
15.9 |
0.37 |
6 |
|
0.3 |
and |
|
262.0 |
340.6 |
78.6 |
1.36 |
107 |
|
0.3 |
inc |
|
298.0 |
301.0 |
3.0 |
2.93 |
9 |
|
1.5 |
inc |
|
305.0 |
314.0 |
9.0 |
5.86 |
53 |
|
1.5 |
OKWD23-238 |
4 |
639.5 |
681.0 |
41.5 |
1.26 |
52 |
36.5 |
0.3 |
inc |
|
671.3 |
678.0 |
6.7 |
5.56 |
37 |
5.9 |
1.5 |
and |
|
694.0 |
707.2 |
13.2 |
0.41 |
5 |
11.7 |
0.3 |
OKWD23-239 |
4 |
349.0 |
367.0 |
18.0 |
0.49 |
9 |
13.5 |
0.3 |
and |
|
378.0 |
392.0 |
14.0 |
0.34 |
5 |
10.5 |
0.3 |
and |
|
398.0 |
413.5 |
15.5 |
0.35 |
5 |
11.8 |
0.3 |
and |
|
426.0 |
483.0 |
57.0 |
2.77 |
158 |
43.5 |
0.3 |
inc |
|
434.5 |
441.5 |
7.0 |
3.97 |
28 |
5.3 |
1.5 |
inc |
|
452.8 |
460.9 |
8.1 |
3.16 |
26 |
6.2 |
1.5 |
inc |
|
469.7 |
476.0 |
6.4 |
13.12 |
83 |
4.9 |
1.5 |
OKWD23-241 |
6 |
300.6 |
316.7 |
16.1 |
0.36 |
6 |
|
0.3 |
OKWD23-242 |
4 |
557.3 |
582.1 |
24.9 |
1.29 |
32 |
22.4 |
0.3 |
inc |
|
559.4 |
565.8 |
6.4 |
2.98 |
19 |
5.7 |
1.5 |
OKWD23-244 |
4 |
585.2 |
701.0 |
115.8 |
1.89 |
219 |
89.3 |
0.3 |
inc |
|
591.4 |
604.0 |
12.6 |
3.95 |
50 |
9.6 |
1.5 |
inc |
|
614.0 |
637.2 |
23.2 |
5.36 |
124 |
17.8 |
1.5 |
inc |
|
641.0 |
644.0 |
3.0 |
2.44 |
7 |
2.3 |
1.5 |
OKWD23-245 |
4 |
670.2 |
695.0 |
24.8 |
0.62 |
15 |
20.6 |
0.3 |
and |
|
713.0 |
728.0 |
15.0 |
2.95 |
44 |
12.8 |
0.3 |
inc |
|
721.0 |
728.0 |
7.0 |
6.02 |
42 |
6.0 |
1.5 |
and |
|
742.0 |
755.0 |
13.0 |
0.90 |
12 |
11.2 |
0.3 |
OKWD23-246 |
6 |
316.6 |
329.7 |
13.1 |
0.78 |
10 |
|
0.3 |
OKWD23-247 |
4 |
297.5 |
322.0 |
24.5 |
0.37 |
9 |
19.2 |
0.3 |
and |
|
388.0 |
433.0 |
45.0 |
1.80 |
81 |
35.2 |
0.3 |
inc |
|
389.0 |
392.0 |
3.0 |
4.03 |
12 |
2.3 |
1.5 |
inc |
|
418.6 |
425.3 |
6.7 |
6.13 |
41 |
5.3 |
1.5 |
OKWD23-248 |
5 |
0.0 |
19.0 |
19.0 |
0.46 |
9 |
|
0.3 |
and |
|
93.2 |
127.6 |
34.4 |
0.83 |
29 |
|
0.3 |
inc |
|
101.2 |
106.2 |
5.0 |
2.70 |
13 |
|
1.5 |
OKWD23-249 |
4 |
359.0 |
369.3 |
10.3 |
0.70 |
7 |
8.7 |
0.3 |
and |
|
422.6 |
438.2 |
15.7 |
2.62 |
41 |
13.4 |
0.3 |
and |
|
457.8 |
505.0 |
47.2 |
0.50 |
24 |
40.7 |
0.3 |
OKWD23-250 |
4 |
402.6 |
499.1 |
96.5 |
1.38 |
133 |
80.1 |
0.3 |
inc |
|
406.1 |
411.0 |
4.9 |
2.52 |
12 |
4.0 |
1.5 |
inc |
|
426.9 |
430.0 |
3.1 |
2.71 |
8 |
2.6 |
1.5 |
inc |
|
437.1 |
441.1 |
4.0 |
5.54 |
22 |
3.3 |
1.5 |
inc |
|
449.1 |
452.2 |
3.1 |
3.15 |
10 |
2.6 |
1.5 |
inc |
|
460.6 |
464.5 |
3.9 |
4.27 |
17 |
3.3 |
1.5 |
inc |
|
467.0 |
479.2 |
12.2 |
2.13 |
26 |
10.1 |
1.5 |
OKWD23-251 |
1 |
495.0 |
530.0 |
35.0 |
1.31 |
46 |
27.1 |
0.3 |
inc |
|
506.0 |
518.0 |
12.0 |
1.87 |
22 |
9.3 |
1.5 |
OKWD23-252 |
1 |
340.7 |
359.0 |
18.4 |
1.00 |
18 |
15.6 |
0.3 |
OKWD23-253 |
5 |
174.5 |
222.0 |
47.5 |
1.28 |
61 |
|
0.3 |
inc |
|
180.0 |
183.0 |
3.0 |
9.25 |
28 |
|
1.5 |
inc |
|
212.0 |
215.0 |
3.0 |
3.96 |
12 |
|
1.5 |
OKWD23-254 |
4 |
262.4 |
383.1 |
120.7 |
3.13 |
377 |
108.3 |
0.3 |
inc |
|
303.3 |
311.7 |
8.4 |
9.66 |
81 |
7.5 |
1.5 |
inc |
|
346.9 |
382.0 |
35.2 |
7.42 |
261 |
31.7 |
1.5 |
OKWD23-255 |
4 |
519.5 |
582.0 |
62.5 |
0.59 |
37 |
43.8 |
0.3 |
OKWD23-256 |
5 |
104.0 |
116.0 |
12.0 |
0.67 |
8 |
|
0.3 |
and |
|
200.0 |
250.0 |
50.0 |
0.95 |
47 |
|
0.3 |
OKWD23-257 |
1 |
360.0 |
377.0 |
17.0 |
0.72 |
12 |
14.0 |
0.3 |
inc |
|
362.0 |
365.0 |
3.0 |
2.99 |
9 |
2.5 |
1.5 |
and |
|
396.0 |
469.8 |
73.8 |
0.95 |
70 |
61.6 |
0.3 |
inc |
|
413.0 |
420.0 |
7.0 |
3.84 |
27 |
5.8 |
1.5 |
OKWD23-258 |
4 |
383.0 |
479.5 |
96.5 |
1.89 |
182 |
83.0 |
0.3 |
inc |
|
410.0 |
415.1 |
5.1 |
3.02 |
15 |
4.4 |
1.5 |
inc |
|
423.0 |
426.0 |
3.0 |
1.56 |
5 |
2.6 |
1.5 |
inc |
|
444.0 |
447.2 |
3.2 |
9.66 |
31 |
2.8 |
1.5 |
inc |
|
449.4 |
470.9 |
21.5 |
4.76 |
102 |
18.5 |
1.5 |
OKWD23-259 |
4 |
260.8 |
340.7 |
79.9 |
0.87 |
69 |
67.7 |
0.3 |
inc |
|
283.2 |
286.3 |
3.1 |
2.71 |
8 |
2.6 |
1.5 |
inc |
|
319.3 |
328.5 |
9.2 |
3.08 |
28 |
7.7 |
1.5 |
and |
|
351.1 |
403.8 |
52.7 |
4.55 |
240 |
44.8 |
0.3 |
inc |
|
366.4 |
374.1 |
7.7 |
14.55 |
112 |
6.6 |
1.5 |
inc |
|
381.2 |
402.8 |
21.6 |
5.40 |
116 |
18.3 |
1.5 |
OKWD23-260 |
6 |
0.0 |
15.6 |
15.6 |
0.40 |
6 |
|
0.3 |
and |
|
71.0 |
97.0 |
26.0 |
0.96 |
25 |
|
0.3 |
inc |
|
91.0 |
94.0 |
3.0 |
3.85 |
12 |
|
1.5 |
OKWD23-261 |
1 |
361.0 |
384.0 |
23.0 |
0.72 |
17 |
20.3 |
0.3 |
and |
|
404.4 |
444.3 |
39.9 |
0.76 |
30 |
35.7 |
0.3 |
inc |
|
413.0 |
417.0 |
4.0 |
1.94 |
8 |
3.6 |
1.5 |
OKWD23-262 |
1 |
7.5 |
19.0 |
11.5 |
0.45 |
5 |
9.2 |
0.3 |
and |
|
62.0 |
79.0 |
17.0 |
0.35 |
6 |
13.5 |
0.3 |
OKWD23-263 |
4 |
355.0 |
371.7 |
16.7 |
1.36 |
23 |
14.1 |
0.3 |
and |
|
383.4 |
436.7 |
53.3 |
2.85 |
152 |
45.6 |
0.3 |
inc |
|
394.7 |
404.3 |
9.7 |
3.48 |
34 |
8.2 |
1.5 |
inc |
|
407.3 |
417.0 |
9.8 |
8.65 |
84 |
8.3 |
1.5 |
inc |
|
428.0 |
431.6 |
3.6 |
4.18 |
15 |
3.1 |
1.5 |
OKWD23-264 |
6 |
20.0 |
39.0 |
19.0 |
0.33 |
6 |
|
0.3 |
and |
|
81.0 |
142.0 |
61.0 |
0.95 |
58 |
|
0.3 |
inc |
|
89.0 |
101.0 |
12.0 |
1.82 |
22 |
|
1.5 |
inc |
|
126.5 |
133.0 |
6.5 |
2.95 |
19 |
|
1.5 |
OKWD23-265 |
1 |
18.0 |
32.0 |
14.0 |
0.33 |
5 |
10.5 |
0.3 |
OKWD23-266 |
1 |
360.8 |
379.0 |
18.2 |
0.76 |
14 |
16.2 |
0.3 |
OKWD23-267 |
1 |
120.0 |
124.0 |
4.0 |
2.66 |
11 |
3.7 |
1.5 |
OKWD23-268 |
4 |
456.2 |
472.2 |
16.1 |
1.21 |
19 |
11.5 |
0.3 |
and |
|
486.0 |
556.0 |
70.0 |
2.44 |
171 |
50.9 |
0.3 |
inc |
|
498.0 |
503.0 |
5.0 |
6.56 |
33 |
3.6 |
1.5 |
inc |
|
509.6 |
528.0 |
18.4 |
5.88 |
108 |
13.4 |
1.5 |
inc |
|
534.0 |
538.0 |
4.0 |
2.03 |
8 |
2.9 |
1.5 |
OKWD23-269 |
4 |
455.4 |
529.0 |
73.6 |
1.76 |
130 |
60.7 |
0.3 |
inc |
|
479.3 |
482.5 |
3.2 |
1.75 |
6 |
2.6 |
1.5 |
inc |
|
496.4 |
507.0 |
10.6 |
5.59 |
59 |
8.8 |
1.5 |
inc |
|
521.0 |
524.5 |
3.5 |
6.14 |
22 |
2.9 |
1.5 |
OKWD23-271 |
4 |
224.5 |
339.0 |
114.5 |
2.02 |
232 |
99.0 |
0.3 |
inc |
|
265.5 |
271.6 |
6.2 |
1.59 |
10 |
5.3 |
1.5 |
inc |
|
307.3 |
329.6 |
22.3 |
4.43 |
99 |
19.5 |
1.5 |
inc |
|
333.0 |
336.0 |
3.0 |
2.74 |
8 |
2.6 |
1.5 |
OKWD23-273 |
1 |
277.0 |
298.0 |
21.0 |
0.30 |
6 |
19.0 |
0.3 |
and |
|
326.0 |
360.0 |
34.0 |
0.81 |
28 |
30.9 |
0.3 |
inc |
|
327.0 |
331.0 |
4.0 |
1.67 |
7 |
3.6 |
1.5 |
OKWR23-1006 |
Bryan Z. |
14.0 |
31.0 |
17.0 |
1.71 |
29 |
|
0.3 |
inc |
|
14.0 |
19.0 |
5.0 |
4.08 |
20 |
|
1.5 |
* Estimated True Thickness ("ETT") based on an average dip / dip
direction of -65° / 095° to represent the orientation of the
mineralized zone in Block 4. ETT only calculated for Blocks 1 and
4. |
** Significant intervals calculated using a 0.3 g/t Au cutoff, 10m
minimum length and 10m maximum consecutive internal waste. Included
intervals calculated using a 1.5 g/t Au cutoff, 3m minimum length
and a 2m maximum consecutive internal waste. |
Figure 1 - Plan map of holes mentioned in this
press release in relation to Block outlines at surface and location
of long-sections (inclined to the east)
Link to Figure 1 :
https://www.reuniongold.com/230601-pr?lightbox=dataItem-kip1legb
Figure 2 - Combined inclined long section
showing reported significant intervals from this press release in
relation to Block locations.
Link to Figure 2:
https://www.reuniongold.com/230601-pr?lightbox=dataItem-kip1qnce
Figure 3 - Inclined section through Block 4
showing high grade intersects reported in this press release (note
only intervals with Au grade >4.0 g/t Au shown). Intervals
displayed in the format of “downhole interval (m) @ g/t Au
grade”.
Link to Figure 3:
https://www.reuniongold.com/230601-pr?lightbox=dataItem-kip1qncg
Figure 4 - Scout RC results and coverage to date,
with reference to the location of the Kairuni zone discovery and
conventional RC drill collars as noted in this press release. Block
numbers noted in blue text in the format B#, for reference.
Link to Figure 4:
https://www.reuniongold.com/230601-pr?lightbox=dataItem-lidhftu4
Reunion Gold (TSXV:RGD)
Historical Stock Chart
From Apr 2024 to May 2024
Reunion Gold (TSXV:RGD)
Historical Stock Chart
From May 2023 to May 2024