Reunion Gold announces the resumption of exploration activities at its projects in Guyana and French Guiana
13 August 2020 - 10:00PM
Reunion Gold Corporation (TSX-V: RGD) (“Reunion” or the “Company”)
is pleased to announce the restart of field work at some of its
gold exploration projects in Guyana and French Guiana. Activities
for the remainder of 2020 are focused on advancing exploration at
the Aremu North, Oko West and Boulanger projects.
Field work had been temporarily suspended at the
end of March due to COVID-19 related travel restrictions and safety
precautions, and the Company has implemented a number of new
procedures to ensure the well-being of its staff, including the
daily monitoring of temperature and blood oxygen levels, both
onsite and during travel to and from projects, under the guidance
of local medical consultants.
Guyana
Aremu North is part of the
Company’s Strategic Alliance with Barrick Gold Corporation. Field
activities resumed in mid-July and include the completion of
additional geochemical sampling and the restart of an approximately
2,000-meter trenching program. Trenching is testing four main
prospects identified from an airborne magnetic and radiometric
survey completed in Q4 2019, and subsequent geochemical sampling
completed in Q1 2020. Depending on the results from this trenching
program, a decision will be made to drill test certain targets in
Q4 2020.
Oko West is part of a group of
permits where Reunion has an option to solely acquire 100% of the
ownership rights. Sampling carried out in Q1 of 2020 has defined a
2km long gold-in-soil anomaly that is coincident with a major
north-south striking shear zone (see Figure 1) identified from an
airborne geophysical survey (magnetic and radiometric survey
completed in late 2019). This gold-in-soil anomaly is interpreted
as the surficial expression of one or more basement-contact
parallel structures that may represent the continuation of
mineralized units intersected in diamond drilling by G2 Goldfields,
located immediately north of the Oko West permits boundary. The
Company is currently arranging a new camp and mobilizing heavy
equipment to the project. It expects to complete a trenching
program once the setup is complete, before initiating a 1,500-meter
drill program in late-September.
French Guiana
The Boulanger project is
located 60km by paved road to the south of Cayenne, the capital
city of French Guiana. Following a recent suspension of activities
that have allowed for a detailed review and reinterpretation of
both the Company’s and historical data, field teams have returned
to site during the first week of August. A roadcut sampling program
along existing tracks that cross the prospect area is underway,
along with drill site and access construction, in preparation for a
2,000-meter diamond drilling program planned to commence by the end
of September.
At Boulanger, the priority is the advancement of
the Crique Filon prospect, where activities aim to expand the
potential footprint of gold mineralization interpreted as hosted in
multiple parallel shear deformation zones that cross the southern
portion of the project. Results from the planned drilling program
are anticipated to be available by year-end.
Update on other projects
The Company is pleased to announce that the
Dorlin Exploitation Permit (“PEX”) was renewed on July 30, 2020.
The approval of the renewal application which was originally filed
in 2015 has extended the validity of the PEX until July 31, 2020.
In accordance with the French Mining Code, the filing of the
concession application by the holder of the PEX on June 2, 2020 has
the effect of extending the validity of the Dorlin PEX while the
concession application is being processed. Subject to obtaining the
required authorizations, the Company will be able to continue to
work on the Dorlin Project in French Guiana.
The Company also announces that it has notified
the permit holders of the Waiamu Project in Guyana of its decision
to terminate the option agreement due to the disappointing results
obtained from our exploration work. The Company will be writing off
capitalized expenditures related to that project.
Qualified Person
The technical information in this press release
has been reviewed and approved by Justin van der Toorn, CGeol FGS,
the Company’s Exploration Manager. Mr. van der Toorn 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) accepts responsibility for
the adequacy or accuracy of this press release.
About Reunion GoldReunion Gold
Corporation is a leading gold explorer with a portfolio of projects
in the Guiana Shield, South America. The Company is well financed
to complete its planned exploration work with the recent completion
of a $6 million private placement. 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 on the Company’s website (www.reuniongold.com).
For further information please contact:
REUNION GOLD CORPORATIONRéjean
Gourde, President & CEOPaul Fowler, Manager, Corporate
DevelopmentTelephone: +1 450.677.2585Email:
info@reuniongold.com
Figure 1: Oko West gold-in-soil anomaly, in
relation to the permit outlines and recent drilling carried out by
G2 Goldfields Inc. to the north of the project.
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