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LONGUEUIL, Quebec, Could 28, 2021 (GLOBE NEWSWIRE) — Reunion Gold Company (TSX-V: RGD) (the “Firm”), following the profitable completion of a $10.4 million financing, is happy to supply particulars about its deliberate exploration program at its Oko West Undertaking in Guyana. This system will embody a mixture of roughly 130 diamond and reverse circulation holes totalling as much as 11,000 meters.
Carlos Bertoni, Reunion Gold’s Appearing CEO, acknowledged: “We’re excited with the exploration outcomes obtained so removed from the trenching and drilling work carried out on the Oko West Undertaking (see ends in earlier press releases) and are launching a follow-up program aiming to broaden the footprint of three mineralized shear zones found in 2020, which has now been examined by trenching and drilling over 5 kilometres (Figure 1). Gold mineralization is present in north-south shear zones straddling the six-kilometre-long contact of granitic and volcanic rocks inside the venture boundaries. This new program goals to outline the geometry, quantity and gold grade of saprolitic materials over a strike size of roughly three kilometres and might be executed in such a manner {that a} mineral useful resource could possibly be estimated, if warranted.”
Work carried out thus far confirms vital gold mineralization hosted by three shear constructions extending for a whole bunch of meters alongside strike and downwards into weathered bedrock (saprolite), justifying a complete exploration program consisting of 100 meter-spaced trench and drill gap “fences” on eight blocks (Figure 2). These fences goal to check the lateral and depth continuity of gold mineralization all the way down to unweathered bedrock. Along with the 11,000 meters in 130 holes of drilling, 25 trenches are deliberate to supply a steady near-surface sampling of saprolite. We anticipate that greater than 12,000 samples might be assayed. This program is being launched through the first week of June and can take shut to 5 months to finish, at an estimated price of roughly C$3.4 million.
The Oko West space is within the Cuyuni River basin of Guyana, a historically mining-friendly jurisdiction. The Firm has an possibility to accumulate a 100% possession curiosity in mineral rights protecting an space of roughly 11,900 acres.
Certified Individual
The technical info on this press launch has been reviewed and accredited by Carlos. H. Bertoni, P.Geo., the Firm’s Appearing CEO. Mr. Bertoni is a certified particular person below Canadian Nationwide Instrument 43-101.
Cautionary Assertion
This press launch comprises sure forward-looking info or forward-looking statements as outlined in relevant securities legal guidelines. Ahead-looking statements are usually not historic info and are topic to a number of dangers and uncertainties past the Firm’s management, together with statements relating to plans to finish a mineral useful resource estimate, trenching, drilling and different exploration applications, potential mineralization, exploration outcomes and statements relating to beliefs, plans, expectations, or intentions of the Firm. Useful resource exploration and growth is very speculative, characterised by a number of vital dangers, which even a mixture of cautious analysis, expertise and information might not remove. All forward-looking statements herein are certified by this cautionary assertion. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The Firm undertakes no obligation to replace publicly or in any other case revise any forward-looking statements, whether or not because of new info or future occasions or in any other case, besides as could also be required by regulation.
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) settle for duty for the adequacy or accuracy of this press launch.
About Reunion Gold
Reunion Gold Company is a number one gold explorer within the Guiana Defend, South America, with a portfolio of tasks in Guyana, Suriname and French Guiana. The Firm’s frequent shares are listed on the TSX Enterprise Alternate below the image ‘RGD.’ Further details about the Firm is offered on SEDAR (www.sedar.com) and the Firm’s web site (www.reuniongold.com).
For additional info, please contact:
REUNION GOLD CORPORATION
Carlos H. Bertoni, appearing CEO or
Paul Fowler, Supervisor, Company Growth
Phone: +1 450.677.2585
E mail: info@reuniongold.com
Figure 1: Map of Oko West venture space schematic geology, permits outlines and shear zones found (purple dashed traces). The map additionally reveals gold anomalies from soil geochemistry testing the volcanic – granitoid contact within the japanese a part of the venture space.
Figure 2: Map displaying schematic geology, soil gold anomaly and format of exploration blocks.
