Reunion Gold reports drilling intersects of 43.5 m at 2.92 g/t, 61.0 m at 2.54 g/t and 17.5 m at 2.90 g/t gold at its Oko West Project in Guyana
12 August 2021 - 9:00PM
Reunion Gold Corporation (TSX-V: RGD) (the "Company") is pleased to
report initial assay results from its planned 11,000-meters
drilling program at its Oko West Project in Guyana. The program,
which began on June 17, 2021, with one diamond drill rig, aims to
test the vertical and lateral continuity of trench gold anomalies
previously identified in eight mineralized "blocks" along three
mineralized north-south shear zones over a 3 km long soil gold
anomaly (Figure 1). On July 25, the Company added a reverse
circulation drill rig to the program, which is being used to
complement the coverage of the known mineralized footprint and
explore new mineralized zones. A total of 22 diamond drill holes
(representing 1,809 meters of drilling) and eight reverse
circulation drill holes (for 559 meters of drilling) have been
completed to date in this second drilling program at Oko West.
Assay results for 19 diamond drill holes have been received and
significant intersections are reported in Table 1.
Table 1: Selected significant
intersections (also see Figures 2 and 3)
Drill hole ID |
Exploration "block" |
From (m) |
To (m) |
Length (m) |
Gold (g/t) |
OKWD21-010 |
1 |
1.25 |
22.30 |
21.05 |
2.18 |
OKWD21-012 |
4 |
25.50 |
31.50 |
6.00 |
3.06 |
|
|
57.00 |
74.40 |
17.40 |
1.24 |
OKWD21-013 |
4 |
0.00 |
43.50 |
43.50 |
2.92 |
Incl. |
|
31.50 |
33.00 |
1.50 |
6.32 |
Incl. |
|
36.75 |
38.00 |
1.25 |
24.06 |
Incl. |
|
38.00 |
39.50 |
1.50 |
22.43 |
|
|
52.20 |
60.55 |
8.35 |
1.82 |
|
|
64.20 |
72.60 |
8.40 |
1.68 |
OKWD21-014 |
4 |
0.00 |
61.00 |
61.00 |
2.54 |
Incl. |
|
13.50 |
15.00 |
1.50 |
10.48 |
OKWD21-015 |
4 |
58.50 |
76.00 |
17.50 |
2.90 |
OKWD21-019 |
4 |
82.50 |
88.50 |
6.00 |
1.17 |
OKWD21-020 |
5 |
27.00 |
31.50 |
4.50 |
1.01 |
OKWD21-021 |
5 |
1.50 |
7.50 |
6.00 |
3.47 |
Incl. |
|
3.00 |
4.20 |
1.20 |
8.91 |
|
|
71.00 |
74.00 |
3.00 |
2.41 |
OKWD21-024 |
6 |
0.00 |
3.00 |
3.00 |
1.04 |
|
|
63.00 |
66.00 |
3.00 |
2.24 |
OKWD21-025 |
6 |
19.00 |
21.20 |
2.20 |
1.04 |
OKWD21-026 |
6 |
21.00 |
24.00 |
3.00 |
1.34 |
Notes:
- Complete results and drill hole data can be found on the
Company's website.
- True widths are unknown
- 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.
Carlos Bertoni, the interim CEO of the Company,
stated: "We are pleased with the drilling results obtained so far,
confirming down-dip and lateral continuity of gold mineralization
previously discovered in trenches and from the first drilling
program completed in January 2021. We have intersected gold
mineralization in all exploration blocks, including very
encouraging high-grade drill results obtained from Block 4. Gold
mineralization intersected so far remains open at depth and along
strike. We continue to refine the program as we progress, and we
are looking forward to reporting additional results in due
course."
Mineralized intersections are characterized by
intense hydrothermal alteration in sheared granitoids, mafic
volcanics and clastic sediments. Deeper drill holes are now testing
the geometry and extent of these zones in unweathered rocks.
Oko West is part of a group of permits in the
Cuyuni River basin covering an area of approximately 11,900 acres
where the Company has an option to acquire a 100% ownership
interest.
Sample collection, assaying and data
management
Diamond drill samples consist of half HQ core
taken continuously at regular intervals averaging 1.4 m. Samples
are 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 are 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 a 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 Interim 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,
Interim CEO orPaul Fowler, Manager, Corporate DevelopmentTelephone:
+1 450.677.2585Email: info@reuniongold.com
Figure 1: Map of Oko West project eastern area
showing schematic geology, permit boundary, mineralized shear zones
discovered (red dashed lines), exploration program blocks and
relevant drilling result composites available (*). Not all planned
drill holes will be done, depending on results obtained during the
program.
Figure 2: Map of the Oko West exploration
program centred on Block 4 and showing schematic geology,
mineralized shear zones (dashed red lines), and relevant trench
(yellow) and drilling (white) results composites (*). Not all
planned drill holes will be done, depending on results obtained
during the program.
Figure 3: Map and section of trench 26 area in
Block 4 showing schematic geology, mineralized shear zones (dashed
red lines), and relevant trench (yellow) and drilling (white)
results composites (*).
(*) 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.
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