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Reunion Gold Infill Drilling Continues to Expand the Zone of High-Grade Gold Mineralization on Block 6 at its Oko West Project, Guyana

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Reunion Gold Infill Drilling Continues to Expand the Zone of High-Grade Gold Mineralization on Block 6 at its Oko West Project, Guyana

 

 

 

 

 

Highlights include:

  • Hole D-375 intersecting 60.4 m @ 1.50 g/t Au, including 6.0 m @ 7.06 g/t
  • Hole D-381 intersecting 44.9 m @ 2.28 g/t Au, including 18.3 m @ 4.38 g/t Au
  • Hole D-389 intersecting 21.6 m @4.00 g/t Au, including 4.0m @ 17.67 g/t Au

 

Reunion Gold Corporation (TSX-V: RGD; OTCQX: RGDFF) is pleased to announce additional drill results from its infill drill program on Block 6 at its 100%-owned Oko West Project in Guyana. These results, reported in Table 1 and illustrated in Figure 1, continue to expand the core of high-grade mineralization that has been identified at Block 6 and are consistent with the results of the previously released hole D-380, which intersected 39.7 meters (“m”) at 5.27 grams per tonne of gold including 3.8 m @ 14.18 g/t Au and 13.0 m @ 10.50 g/t Au. Rick Howes, CEO of Reunion Gold, stated, “We are pleased to see the identification of further high-grade mineralized shoots at Oko West, resulting from the exploration team’s growing understanding of structural controls and the factors that are localizing mineralization along the Kartuni shear zone. These latest results continue to indicate the potential for additional high-grade gold mineralization to be defined even within areas of existing wider drill spacing as our current infill program continues.”

 

Highlights of drill results reported today include Hole D-375, which intersecting 60.4 m grading 1.50 g/t Au (using a 0.3 g/t cutoff), including 6.0 m grading 7.06 g/t (using a 1.5 g/t cutoff) starting at 31.5 m downhole, Hole D-381 intersecting 44.9 m grading 2.28 g/t Au (using a 0.3 g/t cutoff) starting at 85.2 m downhole, including 18.3 m grading 4.38 g/t Au (using a 1.5 g/t cutoff), as well as Hole D-389, intersecting 21.6 m grading 4.00 g/t Au (using a 0.3 g.t Au cutoff) starting at 150.0 m downhole, including 4.0 m grading 17.67 g/t Au (using a 1.5 g/t cutoff).

 

The Company continues to conduct its drill program designed to both expand and infill the Oko West resource, as well as to advance its exploration programs to identify additional areas of mineralization outside of the resource area at Oko West. In parallel with this, the Company continues to move its development studies forward, with the near-term goal of releasing a Preliminary Economic Assessment by the end of Q2 2024.

 

Table 1 – Significant intersects

 

Hole ID Block From To Downhole
Interval
Au Grade Grade x
Downhole
Interval
Cutoff **
(m) (m) (m) (g/t) (gm/t) (Au g/t)
OKWD24-375 6 31.5 91.9 60.4 1.50 91 0.3
inc.   58.3 64.3 6.0 7.06 42 1.5
inc.   68.3 76.6 8.3 2.32 19 1.5
OKWD24-376 6 124.2 208.1 83.9 0.67 56 0.3
inc.   181.7 189.3 7.6 1.87 14 1.5
OKWD24-381 6 85.2 130.0 44.9 2.28 102 0.3
inc.   106.9 125.1 18.3 4.38 80 1.5
OKWD24-383 6 16.1 27.0 10.9 0.96 11 0.3
OKWD24-383   67.0 133.5 66.5 0.40 26 0.3
inc.   67.0 71.0 4.0 1.88 8 1.5
OKWD24-385 6 137.0 149.0 12.0 0.80 10 0.3
OKWD24-385   174.0 306.9 132.9 0.79 104 0.3
inc.   224.0 231.0 7.0 4.85 34 1.5
OKWD24-388 6 124.2 164.1 39.9 1.39 55 0.3
inc.   132.4 137.4 5.0 5.76 29 1.5
OKWD24-389 6 61.0 73.8 12.8 0.38 5 0.3
OKWD24-389   150.0 171.6 21.6 4.00 86 0.3
inc.   156.5 160.5 4.0 17.67 71 1.5
OKWD24-391 6 107.0 121.2 14.2 0.46 6 0.3
OKWD24-391   199.4 257.0 57.6 1.29 74 0.3
inc.   207.7 211.3 3.6 2.45 9 1.5
inc.   227.0 233.0 6.0 2.62 16 1.5
inc.   248.9 254.8 6.0 3.61 21 1.5

 

Qualified Persons

 

Justin van der Toorn, CGeol FGS, EurGeol, the Company’s Vice President Exploration and a “qualified person” under NI 43-101, has also reviewed and approved the scientific and technical information contained in this news release.

 

About Reunion Gold Corporation

 

Reunion Gold Corporation is a leading gold explorer in the Guiana Shield, South America. In 2020, the Company announced an exciting new greenfield gold discovery at its Oko West project in Guyana and announced its maiden mineral resource estimate in June 2023 after just 22 months of resource definition drilling. In February 2024, the Company announced an updated Mineral Resource Estimate (the “2024 MRE”) containing a total of 4.3 Moz of gold in Indicated Resources grading 2.05 g/t and 1.6 Moz of gold in Inferred Resources grading 2.59 g/t. This 2024 MRE includes an underground Resource containing 1.1 Moz of gold at a grade of 3.12 g/t Au in the Inferred category. See the Company’s NI 43-101 Technical Report Oko West Gold Project, Cuyuni-Mazaruni Mining Districts, Guyana dated April 11, 2024, with an effective date of February 26, 2024 for additional information about the Oko West Project and the 2024 MRE. The Company is moving forward on development studies and expects to deliver a Preliminary Economic Assessment by the end of Q2 2024. The Company continues to explore several additional priority targets at Oko West that lie outside of the area of the MRE, as well as leverage its considerable experience in uncovering new discoveries in the Guiana Shield to acquire and explore additional new projects in the region.

 

 

Figure 1 – Inclined long section through the planes of mineralization for Blocks 1 & 4 and Blocks 5 & 6 showing drill hole locations and results reported in this press release. Significant intersects are calculated using a 0.3 g/t Au cutoff, 10 m minimum down hole length and 10 m maximum consecutive internal dilution. Included intersects are calculated using a 1.5 g/t Au cutoff, 3 m minimum down hole length and 2 m maximum consecutive internal dilution.

 

Posted April 15, 2024

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