Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to
report new mineralized drill results from the Boulanger Project in
French Guiana.
Crique Filon prospect
At the Crique Filon prospect (Figure 1), an
additional 300-meter diamond core drilling program was successfully
completed in September. The program was designed to follow-up on
the shear and tension vein mineralization that was previously
identified in drill hole CA-19-05 (2.47 g/t gold over 23 meters,
and 8.34 g/t Au over 11.14 meters) (see August 15, 2019 press
release). The results are reported in Table 1 and include the
following highlights (see Figure 2 for drill holes location):
- Hole CA-19-06A: 6.02 g/t gold over 7.56
metersThis high-grade section starting in saprolite from
11.94 meters is a re-drill of the top section of hole CA-19-06 that
had insufficient core recovery.
- Hole CA-19-07: 4.66 g/t gold over 5.65
metersThis composite is starting from 9.0 meters in
saprolite.
- Hole CA-19-07: 4.30 g/t Au over 4.0 metersThis
composite is from 123.5 to 127.5 meters.
Several shear zones straddle across the Carapa
exploration permit and the Doyle concession limits in the Crique
Filon area. The drill holes cut tension veins and strongly foliated
and sheared andesitic volcanics associated with the two shear zones
intercepted in CA-19-05 (Figure 3). These shear zones can be traced
over 600 meters and 300 meters, respectively (Figure 2) and remain
open on strike and at depth. Several other attractive shear zones
are found in the same area, to be tested by drilling in 2020.
Saint-Michel prospect
At Saint-Michel, an 18 hole, 900-meter reverse
circulation (RC) drill program was carried out, followed by an
additional 1,000 meters of diamond drilling across seven holes. The
drill program was designed to test the Saint-Michel prospect
discovery (see July 16, 2019 press release). The results are
reported in Tables 1 and 2 (see map and cross section in Figures 4
and 5).
Gold mineralization is hosted in saprolite of
strongly sheared graphitic shale with boudinaged quartz veins and
pyrite boxworks. Highlights include:
- 1.78 g/t gold over 7.95 meters from 41.5 meters in core hole
SM-19-01
- 1.54 g/t gold over 13.72 meters from 38.1 meters to the end of
RC hole SMRC-19-03
- 1.17 g/t gold over 10.67 meters from 38.1 meters in RC hole
SMRC-19-04
- 1.42 g/t gold over 16.76 meters from 3.05 meters in RC hole
SMRC-19-06
The Saint-Michel drilling results confirm the
presence of gold mineralization over significant thickness and
grades. Gold grades are nevertheless substantially lower than those
obtained from quartz vein-only material of artisanal miners´
stockpiles, which essentially excluded host rock material (17.3 g/t
gold in average from 42 mineralized piles – see July 16, 2019 press
release). Additional studies are now underway to assess the
structural control of gold mineralization along this shear zone.
The lower grade of the intersected gold mineralization may be due
to:
- Variable drill recoveries in the saprolite of both core and RC
holes, indicating that some possibly mineralized quartz veining was
poorly recovered because of the highly friable rock.
- Concentration of quartz veining with gold mineralization in
steeply dipping fold noses of a second phase of deformation, which
are difficult to intersect with drilling.
The mineralization remains open along strike and
at depth and additional soil and IP chargeability anomalies are yet
to be tested in the vicinity (Figure 6). The presence of high grade
mineralization in the area has been confirmed by an historical
drill hole by Asarco which intercepted 1.5 metres @ 22.2 g/t gold
immediately to the southwest of the prospect in the 1990’s.
The Company is also pleased to report
preliminary metallurgical results from Saint Michel. Cyanidation
and gravity recovery testing on the stockpiled material from
Saint-Michel indicated an average gold recovery of 94% after 24
hours of direct cyanide leaching, and 99% after 72 hours. In
addition, a gravity recovery test gave a recovery of 65.1%.
Next targets and the expected 2020 drill
program
The Boulanger project hosts multiple prospects,
as shown in Figure 1. So far, Doyle 1, 2 and 3, Nilson, Crique
Filon and Saint-Michel prospects were preliminary drill tested. The
2018 drill program in Doyle 3 (see press release dated June 20,
2019) and the 2019 drill program at Crique Filon (see press release
dated August 15, 2019, and this press release) have shown that
larger thicknesses and gold grades are achieved when tension veins
are cut at contact with- or very close to shear zones. Targeting
these prospects´ shear zones will now be the focus as the Boulanger
project, one of the most prolific alluvial gold districts in French
Guiana, has the potential to host several primary gold
deposits.
A review of the project geology using all
available information, together with additional structural study
and interpretation of all drill results is ongoing with the
objective of ranking all targets and to prepare a focused 2020
trenching and drilling program.
The Boulanger Project
The Boulanger Project is underlain by
Proterozoic rocks consisting of Armina detritic sediments and
Paramaca volcano-sediments intruded by granites and metamorphosed
to greenschist facies. The Boulanger Project area is cut by various
shear zones characterized by intense deformation and hydrothermal
alteration. Gold is associated with quartz veins, pyrite and
locally intense tourmaline alteration. Geological mapping and soil
geochemistry indicate numerous anomalous zones that require
follow-up exploration. There has been significant gold production
from the project area for over one hundred years.
The Company has an option to acquire a 100%
interest in the Boulanger Project from Compagnie Minière de
Boulanger. The Boulanger Project is currently comprised of 38.4 km²
of mining concessions, a 24 km² exploration permit and the 1 km²
Saint-Michel artisanal mining permit (AEX). The project is located
approximately 40 km south of Cayenne and readily accessible by
paved and laterite roads.
Quality analysis 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 in core is
usually 1.0 meter but varies according to geology between 0.35 and
1.5 meters. Sample length in RC holes is 1.524 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. The samples are analyzed for gold by fire assay
with atomic absorption finish on 50‐gram pulps by the FILAB-AMSUD
laboratory in Surinam. Samples above 10 g/t gold are systematically
re‐analyzed with gravimetry finish. FILAB-AMSUD is 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 National Instrument 43-101, is
responsible for the work being done at the Boulanger Project.
Carlos Bertoni, P. Geo., a consultant to Reunion Gold and a
qualified person pursuant to National Instrument 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 results and interpretation of drilling programs, potential
mineralization, timing and results of additional exploration
programs, and future plans and objectives of the Company.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors including, without limitation,
risks associated with the conduct of exploration activities and the
results of drilling programs, gold price volatility, inability to
raise the funds required to conduct the planned exploration
activities, environmental liabilities, regulatory approvals or
permitting delays. This cautionary statement qualifies all
forward-looking statements herein. 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 has
options to acquire projects in French Guiana and Guyana. 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
Relevant diamond drill results – Crique Filon and
Saint Michel Prospects, Boulanger project(lower cut‐off at 0.4 g/t
Au ‐ only intersections longer than 1.0 meter and grading above 1.0
g/t gold are included)
Prospect |
Drill Hole |
From (m) |
To (m) |
Length (m) |
True width (m) |
Au (g/t) |
Core recovery (%) |
Cr. Filon |
CA-19-06 |
12.00 |
16.50 |
4.50 |
3.5 |
1.02 |
57.6 |
|
|
41.00 |
42.00 |
1.00 |
0.8 |
2.03 |
100.0 |
|
|
58.00 |
59.65 |
1.65 |
1.4 |
1.32 |
86.1 |
|
|
76.00 |
81.31 |
5.31 |
3.8 |
1.70 |
95.5 |
|
|
95.00 |
96.00 |
1.00 |
0.8 |
6.64 |
100.0 |
|
CA-19-06A |
11.94 |
19.50 |
7.56 |
5.8 |
6.02 |
63.4 |
|
CA-19-07 |
9.00 |
14.65 |
5.65 |
4.4 |
4.66 |
58.9 |
|
|
33.30 |
34.30 |
1.00 |
0.8 |
3.04 |
67.0 |
|
|
123.50 |
127.50 |
4.00 |
2.8 |
4.30 |
100.0 |
St-Michel |
SM-19-01 |
41.50 |
49.45 |
7.95 |
5.6 |
1.76 |
65.3 |
|
SM-19-03 |
5.50 |
6.50 |
1.00 |
0.7 |
3.32 |
100.0 |
|
|
20.50 |
22.50 |
2.00 |
1.4 |
1.66 |
97.0 |
|
SM-19-04 |
37.04 |
40.05 |
3.01 |
2.1 |
2.46 |
79.7 |
|
|
46.00 |
47.00 |
1.00 |
0.7 |
1.79 |
88.0 |
Table 2
Relevant reverse circulation drill results –
Saint Michel Prospect, Boulanger project(lower cut‐off at 0.4 g/t
Au ‐ only intersections longer than 1.0 meter and grading above 1.0
g/t gold are included)
Prospect |
Drill Hole |
From (m) |
To (m) |
Length (m) |
True width (m) |
Au (g/t) |
|
SMRC-19-03 |
38.10 |
51.82 |
13.72 |
9.7 |
1.54 |
|
SMRC-19-04 |
38.10 |
48.77 |
10.67 |
7.6 |
1.17 |
Saint-Michel |
SMRC-19-05 |
15.24 |
18.29 |
3.05 |
2.2 |
2.23 |
|
32.00 |
36.57 |
4.57 |
3.2 |
1.14 |
|
SMRC-19-06 |
3.05 |
19.81 |
16.76 |
11.9 |
1.42 |
|
SMRC-19-09 |
6.10 |
7.62 |
1.52 |
1.1 |
1.34 |
|
SMRC-19-16 |
7.62 |
10.67 |
3.05 |
2.2 |
2.34 |
Figure 1 - Map of the Boulanger project area,
showing interpreted geology from heliborne geophysical survey, IP
chargeability and resistivity, and location of the main
prospects
Figure 2 - Map of the Crique Filon Prospect
(Central Bief concession and Carapa exploration permit), showing IP
chargeability anomalies, and location of drill holes
Figure 3 - Cross section looking NW along
drill hole CA-19-05- CA-19-06 and CA-19-07 at the Crique Filon
prospect, also showing historical holes
Figure 4 - Map of the Saint-Michel Prospect
area (Saint-Michel AEX), showing IP chargeability anomalies,
geology, artisanal shafts and drill holes
Figure 5 - Cross section looking north of the
Saint-Michel prospect (Saint-Michel AEX), showing geology, and
drill hole intersections. Section to be greatly
improved and revised.
Figure 6 - Map of the Saint-Michel prospect
area showing IP chargeability anomalies, gold-in-soil anomalies
from Asarco work, geology, artisanal shafts and drill holes
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