Reunion Gold (TSXV:RGD) Reports Results and Discovers More High-Grade Gold at Oko West

Figure 1 – Inclined long section across Block 4, showing…

62921a f4b2262b19bf406daae443050b3713f7mv262921a f4b2262b19bf406daae443050b3713f7mv2
Figure 1 – Inclined long section across Block 4, showing selected results and drill hole locations reported in this press release. ETT = Estimated True Thickness; 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. Source: Reunion Gold

Reunion Gold’s (TSXV:RGD) Oko West gold project in Guyana continues to report further drill results, revealing both the extension of high-grade mineralization at depth and the strong consistency of the deposit within the established Mineral Resource Estimate (MRE) pit shell.

Rick Howes, President and CEO of Reunion Gold, commented in a press release: “We are pleased with the results of the deep drill program which continues to indicate that the high-grade zone that was identified within the MRE in Block 4, continues to a depth of at least 1000 meters and is open below that. We expect this resource expansion drill program to be completed early in 2024 and those results will be included in the resource. The resource will include both an updated pit constrained resource in the area above 500 m and an initial resource in the area down to a 1,000-meter depth. We remain on track to release a Preliminary Economic Assessment (“PEA”) in Q2/24, which will include this resource update and investigate the potential for a combined open pit and underground mining operation. We also continue to explore other areas of the Oko West prospecting license for potential satellite deposits.”

Deep Drilling Uncovers Significant High-Grade Intercepts

Drilling below the MRE pit shell delivered several notable results, highlighting the potential for resource expansion at greater depths. Hole D-336 intersected a remarkable 33 meters grading 7.26 g/t Au within a broader interval of 78.2 meters averaging 3.45 g/t Au, pushing high-grade mineralization down to approximately 805 meters. Hole D-346A-W1 further bolstered this excitement, encountering 13.0 meters of 8.41 g/t Au and 12.3 meters of 10.36 g/t Au within a broader 82.6-meter interval averaging 3.7 g/t Au, reaching a depth of approximately 820 meters. These are just two examples of the numerous high-grade intercepts reported across the deep drilling program, suggesting significant potential for further resource growth beyond the current MRE.

Resource Conversion Drilling Confirms Deposit Continuity Within Pit Shell

Drilling within the MRE pit shell also delivered positive results, confirming the strong continuity and consistency of the deposit within the planned mining area. Hole D-343 intersected a substantial 110.6 meters grading 2.77 g/t Au, while Hole D-340 returned an impressive 105.1 meters averaging 2.15 g/t Au. Holes D-335 and D-339 also contributed significant intercepts, further solidifying the confidence in the deposit’s continuity and potential within the established pit shell.

Development Studies Progressing Steadily

Reunion Gold is actively advancing several development-related initiatives at Oko West. Environmental and social baseline studies have been completed, with the second phase fieldwork finalized. The Environmental Permit application has been submitted to the relevant authorities, marking a crucial step in the permitting process. Terms of Reference for the comprehensive Environmental and Social Impact Assessment (ESIA) are expected to be finalized in Q4 2024.

Team Bolstered by New Country Manager Appointment

Further strengthening their commitment to Oko West’s development, Reunion Gold welcomes Bjorn Jeune as their Country Manager for Guyana. Bjorn brings extensive experience in the mining industry, particularly within Guyana, and will play a key role in overseeing the permitting process, public affairs, and community engagement initiatives.

Looking Ahead

With ongoing exploration success at depth and within the planned pit area, coupled with consistent progress on development studies and team expansion, Reunion Gold’s Oko West project continues to demonstrate immense potential. The coming months promise further exciting developments as the ESIA progresses and permitting discussions advance, paving the way for the project’s future success.

Highlights from the results are as follows:

  • Highlights from the resource expansion drilling program beneath the June 2023 Mineral Resource Estimate (“MRE”) pit shell between approx. 500 m to 1,000 m include Holes: D-336 intersecting 33.0 m @ 7.26 g/t Au; D-346A-W1 intersecting 13.0 m @ 8.41 g/t Au and 12.3 m @ 10.36 g/t Au; and D-347-W2 intersecting 17.4 m @ 4.92 g/t Au and 13.4 m @ 5.09 g/t Au (all reported using a 1.5 g/t cutoff grade).
  • Highlights from resource conversion drilling above approx. 500 m include Holes D-343 intersecting 110.6 m @ 2.77 g/t Au; D-340 intersecting 105.1 m @ 2.15 g/t Au; and D-342-W1 intersecting 88.7 m @ 2.45 g/t Au (all reported using a 0.3 g/t cutoff grade).
  • Resource expansion drilling at depth below the MRE pit continues to indicate that the high-grade zone identified within the MRE in block 4 continues to a depth of at least 1000 meters.

Table 1 – Significant Intervals below the MRE in Block 4, from the expansion drilling program being carried out at depths below 500 m from surface.

Table 2 – Significant Intervals within Block 4, from the infill drilling program being carried out at depths less than 500 m below surface.



The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *