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Reunion Gold Corp V.RGD

Alternate Symbol(s):  RGDFF

Reunion Gold Corporation is a Canada-based gold explorer in the Guiana Shield, South America. The Company is primarily engaged in the acquisition, exploration and development of gold mineral properties in the Guiana Shield region in South America. The Company’s flagship project is its 100%-owned Oko West Project located in Guyana. The Company also has an interest in other gold exploration projects in Suriname and French Guiana. The Oko West Project is in the Cuyuni Mining District, approximately 95 kilometers (km) west of Georgetown. The Oko West Project comprises a prospecting License with an area of approximately 44 square kilometers. The gold deposits in French Guiana are Montagne d’Or, Camp Caiman, Dorlin, Esperance, and Dieu Merci. Its French Guiana projects include Boulanger and Dorlin.


TSXV:RGD - Post by User

Post by knoxton Oct 07, 2021 8:03am
132 Views
Post# 33978867

news

news
Reunion Gold reports further multiple high-grade drill intersects at its Oko West Project in Guyana

 

07 Oct 202107:00 ET  

GlobeNewswire

 

Reunion Gold Corporation (TSX-V: RGD) (the "Company") is pleased to report significant new high-grade gold assay results from its drilling program at the Oko West Project in Guyana, including:

-- Hole D21-34; 3.22 g/t Au over 30.40 m

-- Hole D21-36; 2.29 g/t Au over 58.0 m

-- Hole D21-38; 66.87 g/t Au over 8.50 m, incl. 1,106.05 g/t Au over 0.5 m

-- Hole D21-40; 1.93 g/t Au over 42.50 m

-- Hole R21-38; 24.16 g/t Au over 19.0 m

Assay results presented in Table 1 below include significant intersections from diamond drilling ("DD") and reverse circulation ("RC") holes. Complete drilling results and drill hole data will be posted on the Company's website.

Table 1: Drill hole intersections highlights (also see Figures 1, 2 and 3).

 Drill hole ID Exploration From (m) To (m) Length (m) Gold (g/t) Block Diamond drill holes OKWD21-034 4 87.00 91.50 4.50 1.77 4 104.50 110.60 6.10 1.63 4 130.65 145.65 15.00 7.80 4 149.60 180.00 30.40 3.21 OKWD21-035 4 0.00 3.20 3.20 0.88 4 7.00 9.00 2.00 0.46 OKWD21-036 4 29.45 34.30 4.85 1.03 4 46.50 104.50 58.00 2.29 OKWD21-038 4 90.00 98.50 8.50 66.87 Including 90.00 92.00 2.00 2.68 Including 93.50 94.00 0.50 1106.05 Including 94.00 95.50 1.50 1.92 Including 97.00 98.50 1.50 2.96 4 101.50 116.50 15.00 3.12 Including 112.00 113.50 1.50 12.00 4 133.00 145.00 12.00 1.28 4 148.00 163.00 15.00 0.57 OKWD21-040 5 15.00 22.50 7.50 1.81 4 60.00 102.50 42.50 1.93 Including 80.00 90.00 10.00 5.93 4 105.70 126.50 20.80 1.09 OKWD21-041 4 82.50 117.00 34.50 2.84 Including 93.00 94.50 1.50 5.08 Including 99.00 100.50 1.50 7.40 Including 111.00 112.50 1.50 7.45 Including 112.50 114.00 1.50 9.92 OKWD21-042 4 45.00 48.70 3.70 3.69 Including 45.00 47.00 2.00 6.38 4 94.50 108.00 13.50 2.28 Including 96.00 97.50 1.50 7.55 Including 106.50 108.00 1.50 4.88 Reverse circulation drill holes OKWR21-011 4 16.00 20.00 4.00 1.36 OKWR21-035 19.00 21.00 2.00 7.93 Including 19.00 20.00 1.00 15.32 OKWR21-038 4 21.00 40.00 19.00 24.16 Including 33.00 34.00 1.00 263.27 Including 34.00 35.00 1.00 166.38 OKWR21-040 5 14.00 22.00 8.00 2.43 Including 15.00 16.00 1.00 8.38 Including 16.00 17.00 1.00 5.96 OKWR21-041 5 1.00 16.00 15.00 0.47 5 27.00 31.00 4.00 1.33 OKWR21-042 5 70.00 80.00 10.00 0.85 OKWR21-043 5 1.00 4.00 3.00 1.17 5 40.00 50.00 10.00 0.65 OKWR21-050 6 61.00 69.00 8.00 1.23 OKWR21-059 1 75.00 80.00 5.00 1.85 

Notes:

-- True widths are unknown.

-- Composites calculated using these parameters: <ul type="square"><p>-- Minimum composite grade : 0.4 g/t; minimum composite length : 2 m

-- 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.

-- Gold grades are uncapped.

The Company has now drilled a total of 4,864 meters in 42 DD holes and 4,842 meters in 62 RC holes since the beginning of the drilling program at Oko West in December 2020. All significant assay results have now been reported.

Carlos Bertoni, the interim CEO of the Company, stated: "We continue to receive impressive assay results from the drilling campaign at Oko West. Several drill holes confirmed down-dip continuity of gold mineralization in unweathered rocks down to a depth of 150 meters. The overall mineralized footprint has been expanded to 850 meters in strike length and remains open at depth and on strike. We plan to conduct a follow-up drilling program starting in mid-October of approximately 9,000 meters using two diamond drill rigs and one reverse circulation drill rig to further define the gold mineralization footprint and continue discovering new mineralized zones."

The drilling campaign is testing the vertical and lateral continuity of trench gold anomalies previously identified in eight mineralized "blocks" straddling mineralized north-south shear zones over a 3 km long strike length (Figure 1). Mineralized intersections are characterized by zones of intense hydrothermal alteration (carbonate, sericite, pyrite, silica) in sheared clastic sediments, granitoids, and mafic volcanics with disseminated gold containing metric-scale high-grade veins assaying up to several ounces per tonne.

Oko West is part of a group of permits in the Cuyuni River basin covering an area of approximately 10,880 acres where the Company has an option to acquire a 100% ownership interest.


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