Reunion Gold Corporation

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Reunion Gold Corporation is a Canadian exploration and development company focused on acquiring, exploring and developing gold projects in the highly prospective Guiana Shield of South America. The Guiana Shield, located on the northern edge of the Amazon Craton of South America, is well-endowed ...

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Reunion Gold Corporation

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Reunion Gold Corporation is a Canadian exploration and development company focused on acquiring, exploring and develo......

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8020 Admin

1 day ago

8020 Admin posted a press release Reunion Gold Welcomes New Manager, Corporate Development in REUNION GOLD CORPORATION


LONGUEUIL, Quebec, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) is pleased to announce that Mr. Paul Fowler has joined the company as Manager, Corporate Development, effective November 6th, 2019.


Réjean Gourde, president and CEO, stated: "Paul has worked for several high profile investment banks and brokerages in Canada, and in doing so he has helped hundreds of junior mining companies with their capital markets strategies. His corporate contacts and capital markets experience will be valuable assets for Reunion Gold as we look to grow and develop a portfolio of world class projects in the Guiana shield."


Paul Fowler has 14 years’ experience in Canadian capital markets, predominantly working with clients in the mining sector. He has previously held both Institutional Sales and Investment Banking roles at Wellington West Capital Markets, National Bank Financial, Paradigm Capital and Red Cloud Securities. Mr. Fowler is a CFA charterholder.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has options to acquire an interest in the projects in French Guiana and Guyana. The Company’s 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 on the Company’s website (www.reuniongold.com).


For further information please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
Telephone: +1 450.677.2585
Email: info@reuniongold.com


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8020 Admin

3 days ago

8020 Admin posted a press release Reunion Gold reports additional high-grade gold intersections at Boulanger Project in French Guiana in REUNION GOLD CORPORATION

LONGUEUIL, Quebec, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to report new mineralized drill results from the Boulanger Project in French Guiana.


Crique Filon prospect


At the Crique Filon prospect (Figure 1), an additional 300-meter diamond core drilling program was successfully completed in September. The program was designed to follow-up on the shear and tension vein mineralization that was previously identified in drill hole CA-19-05 (2.47 g/t gold over 23 meters, and 8.34 g/t Au over 11.14 meters) (see August 15, 2019 press release). The results are reported in Table 1 and include the following highlights (see Figure 2 for drill holes location):



  • Hole CA-19-06A: 6.02 g/t gold over 7.56 meters
    This high-grade section starting in saprolite from 11.94 meters is a re-drill of the top section of hole CA-19-06 that had insufficient core recovery.


  • Hole CA-19-07: 4.66 g/t gold over 5.65 meters
    This composite is starting from 9.0 meters in saprolite.


  • Hole CA-19-07: 4.30 g/t Au over 4.0 meters
    This composite is from 123.5 to 127.5 meters.


Several shear zones straddle across the Carapa exploration permit and the Doyle concession limits in the Crique Filon area. The drill holes cut tension veins and strongly foliated and sheared andesitic volcanics associated with the two shear zones intercepted in CA-19-05 (Figure 3). These shear zones can be traced over 600 meters and 300 meters, respectively (Figure 2) and remain open on strike and at depth. Several other attractive shear zones are found in the same area, to be tested by drilling in 2020.


Saint-Michel prospect


At Saint-Michel, an 18 hole, 900-meter reverse circulation (RC) drill program was carried out, followed by an additional 1,000 meters of diamond drilling across seven holes. The drill program was designed to test the Saint-Michel prospect discovery (see July 16, 2019 press release).  The results are reported in Tables 1 and 2 (see map and cross section in Figures 4 and 5).


Gold mineralization is hosted in saprolite of strongly sheared graphitic shale with boudinaged quartz veins and pyrite boxworks. Highlights include: 



  • 1.78 g/t gold over 7.95 meters from 41.5 meters in core hole SM-19-01

  • 1.54 g/t gold over 13.72 meters from 38.1 meters to the end of RC hole SMRC-19-03

  • 1.17 g/t gold over 10.67 meters from 38.1 meters in RC hole SMRC-19-04

  • 1.42 g/t gold over 16.76 meters from 3.05 meters in RC hole SMRC-19-06


The Saint-Michel drilling results confirm the presence of gold mineralization over significant thickness and grades. Gold grades are nevertheless substantially lower than those obtained from quartz vein-only material of artisanal miners´ stockpiles, which essentially excluded host rock material (17.3 g/t gold in average from 42 mineralized piles – see July 16, 2019 press release). Additional studies are now underway to assess the structural control of gold mineralization along this shear zone. The lower grade of the intersected gold mineralization may be due to:



  • Variable drill recoveries in the saprolite of both core and RC holes, indicating that some possibly mineralized quartz veining was poorly recovered because of the highly friable rock.

  • Concentration of quartz veining with gold mineralization in steeply dipping fold noses of a second phase of deformation, which are difficult to intersect with drilling.


The mineralization remains open along strike and at depth and additional soil and IP chargeability anomalies are yet to be tested in the vicinity (Figure 6). The presence of high grade mineralization in the area has been confirmed by an historical drill hole by Asarco which intercepted 1.5 metres @ 22.2 g/t gold immediately to the southwest of the prospect in the 1990’s.


The Company is also pleased to report preliminary metallurgical results from Saint Michel. Cyanidation and gravity recovery testing on the stockpiled material from Saint-Michel indicated an average gold recovery of 94% after 24 hours of direct cyanide leaching, and 99% after 72 hours. In addition, a gravity recovery test gave a recovery of 65.1%.


Next targets and the expected 2020 drill program


The Boulanger project hosts multiple prospects, as shown in Figure 1. So far, Doyle 1, 2 and 3, Nilson, Crique Filon and Saint-Michel prospects were preliminary drill tested. The 2018 drill program in Doyle 3 (see press release dated June 20, 2019) and the 2019 drill program at Crique Filon (see press release dated August 15, 2019, and this press release) have shown that larger thicknesses and gold grades are achieved when tension veins are cut at contact with- or very close to shear zones. Targeting these prospects´ shear zones will now be the focus as the Boulanger project, one of the most prolific alluvial gold districts in French Guiana, has the potential to host several primary gold deposits.


A review of the project geology using all available information, together with additional structural study and interpretation of all drill results is ongoing with the objective of ranking all targets and to prepare a focused 2020 trenching and drilling program.  


The Boulanger Project


The Boulanger Project is underlain by Proterozoic rocks consisting of Armina detritic sediments and Paramaca volcano-sediments intruded by granites and metamorphosed to greenschist facies. The Boulanger Project area is cut by various shear zones characterized by intense deformation and hydrothermal alteration. Gold is associated with quartz veins, pyrite and locally intense tourmaline alteration. Geological mapping and soil geochemistry indicate numerous anomalous zones that require follow-up exploration. There has been significant gold production from the project area for over one hundred years.


The Company has an option to acquire a 100% interest in the Boulanger Project from Compagnie Minière de Boulanger. The Boulanger Project is currently comprised of 38.4 km² of mining concessions, a 24 km² exploration permit and the 1 km² Saint-Michel artisanal mining permit (AEX). The project is located approximately 40 km south of Cayenne and readily accessible by paved and laterite roads.


Quality analysis and quality control


The Company has implemented a quality assurance and quality control (QA/QC) program and chain of custody protocols for all its sampling and particularly for drilling programs. Core drilling uses HQ‐size rods in saprolite and NQ‐size rods in fresh rock with half‐core samples collected. Sample length in core is usually 1.0 meter but varies according to geology between 0.35 and 1.5 meters. Sample length in RC holes is 1.524 meters. Certified standards and blanks are respectively inserted in average every 25 and 20 samples, while a duplicate sample is inserted about one per 25 samples, resulting in the insertion of about 13% of control samples. Blanks and duplicates are preferentially inserted after visually identifying mineralized zones to ensure that the results are meaningful. The samples are analyzed for gold by fire assay with atomic absorption finish on 50‐gram pulps by the FILAB-AMSUD laboratory in Surinam. Samples above 10 g/t gold are systematically re‐analyzed with gravimetry finish. FILAB-AMSUD is an accredited laboratory for quality procedure according to ISO 9001(2008) and ISO/IEC 17025.


Qualified Persons


Dr. Dominique Fournier, EurGeol., the exploration manager for Reunion Gold in French Guiana and a qualified person pursuant to National Instrument 43-101, is responsible for the work being done at the Boulanger Project. Carlos Bertoni, P. Geo., a consultant to Reunion Gold and a qualified person pursuant to National Instrument 43-101, has reviewed and approved the scientific and technical data contained in this press release.


Cautionary Statement


This press release contains certain forward-looking information as defined in applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking information. Specifically, this press release includes forward-looking information regarding the results and interpretation of drilling programs, potential mineralization, timing and results of additional exploration programs, and future plans and objectives of the Company. Forward-looking statements involve known and unknown risks, uncertainties and other factors including, without limitation, risks associated with the conduct of exploration activities and the results of drilling programs, gold price volatility, inability to raise the funds required to conduct the planned exploration activities, environmental liabilities, regulatory approvals or permitting delays. This cautionary statement qualifies all forward-looking statements herein. 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) accepts responsibility for the adequacy or accuracy of this press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has options to acquire projects in French Guiana and Guyana. The Company’s 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 on the Company’s website (www.reuniongold.com).


For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
Telephone: +1 450.677.2585
Email: info@reuniongold.com


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=RGD%3ACC&qmodStoryID=7815469230348009 

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8020 Admin

3 days ago

8020 Admin posted a press release Reunion Gold Provides an Update on Gold Exploration in Guyana in REUNION GOLD CORPORATION


LONGUEUIL, Quebec, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to provide an update on ongoing exploration activities on projects in Guyana, which are part of the Strategic Alliance with Barrick Gold Corporation.


All projects are in the Cuyuni River basin in Northwest Guyana, the largest gold producing region in the country (Figure 1). This region is underlain by strongly deformed “greenstone belts” of Proterozoic age composed of volcanic and sedimentary rocks intruded by granitic plutons, forming an ideal environment for the creation of orogenic gold deposits.


Waiamu Project


Most of the exploration work completed by the Company in Guyana has been conducted on the Waiamu Project. A comprehensive exploration program of regolith geochemical sampling, geological mapping, trenching and drilling covering the 150 km² eastern half of the project area was carried out (Figures 2 and 3). The work done so far has identified a NE-trending sequence of mostly clastic sediments intercalated with mafic volcanic flows and a distinct doleritic sill, in which gold mineralization aligns closely with two sets of shear zones (Figure 2).


Geochemical sampling identified numerous zones of anomalous gold within the central volcanic-dominated domain on the project area and a subsequent detailed heliborne magnetic and radiometric surveys showed that these anomalous zones coincided with several structures (shears) which were then targeted for follow-up. The follow up work included over 7,800 meters of trench sampling over eight of the targets to date, and 4,050 meters of diamond drilling on two artisanal mining prospects, Ceguinho and St. John, as well as the W14 target area (Figures 2 and 3). Tables 1 and 2 show the best intersections from trenching and drilling, with several significant gold-mineralized zones. These zones are usually associated with strongly hydrothermally altered and sheared rocks.


Waiamu Project - Next steps and upcoming drill program


The objective of the 2019 exploration program has been to generate and test by trenching as many targets as possible. The prioritizing of targets is based on a comprehensive review of their associated geological, geochemical and geophysical anomalies. The Company has recently commenced an 80 line-km gradient array induced polarization geophysical survey over six of the current targets (Figure 3). Given the observed association of gold mineralization with sulphides in drill core, several new drill targets are expected to be generated from the current exploration area, and a follow-up drill program is being planned for the first quarter of 2020.


The western half block of the project area, also referred as Kartuni, is being covered by a detailed fixed-wing magnetic and radiometric survey, to be followed by stream sediment and regolith geochemical sampling and geological mapping in 2020.


Réjean Gourde, the Company’s CEO, stated: “Our work to date at Waiamu has demonstrated the presence of several widely mineralized gold targets. An ongoing review of the data is expected to soon generate new drill targets, which we plan to test early in the new year.”


Other Projects


Stream sediment sampling and geological mapping programs have been completed at the Aremu and Oko projects in October. A detailed fixed-wing magnetic and radiometric survey is planned to be completed on both projects in November. The Company expects to carry out comprehensive follow-up regolith geochemical sampling and trenching of targets early in 2020. The project areas are easily accessible by road and river, which facilitates the mobilization of trenching and drilling equipment.


The Aremu project area is at the confluence of the Aremu and Cuyuni rivers, where more than 15 km² of alluvial and primary gold mineralization has been artisanally mined for decades along the contact of a granitic intrusive and mafic volcanic rocks.


The Oko project area is about 20 km to the southwest of Aremu, underlain mostly by mafic volcanic and clastic sedimentary rocks cut by a gabbroic intrusive and the western edge of the Bartica granitic complex. The area has extensive artisanal gold production and numerous pits and shafts done on mineralized quartz vein swarms.


Quality assurance and quality control


The Company has implemented a quality assurance and quality control (QA/QC) program and chain of custody protocols for all its sampling programs. Trench samples are collected along continuous sub-horizontal hand-dug channels usually 1 to 2 m long, 10 cm wide and deep. Core drilling uses HQ‐size rods in saprolite and NQ‐size rods in fresh rock with half‐core samples collected. Sample length in core is usually 1.0 meter but varies according to geological contacts. Certified standards and blanks are inserted regularly and comprise approximately 10% of the number of total samples assayed. Samples are dried, crushed to 80% passing 2 mm, riffle split (250 g) and pulverized to 95% passing 105 microns and then analyzed for gold by fire assay with atomic absorption finish on 50‐gram pulps. Samples above 3 g/t gold are systematically re‐analyzed with gravimetry finish. All analysis are performed by Actlabs Guyana, an accredited laboratory according to ISO 9001(2015), IAF and ANAB, holding the TRC number 01033.


Qualified Person


Carlos H. Bertoni, P. Geo., a consultant to the Company and a qualified person pursuant to National Instrument 43-101, has reviewed and approved the scientific and technical data contained in this press release.


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 program, 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. Such risks include but are not limited to: uncertainties regarding the availability of funds to conduct plan exploration programs and for additional capital requirements, uncertainty of exploration results; misinterpretation of data, logistical problems, volatility of gold price; mining risks, uncertainties related to the Company’s ability to acquire the Guyana Projects; and cost of exploration and development programs. 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) accepts responsibility for the adequacy or accuracy of this press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has entered into option agreements to acquire an interest in the Boulanger, Dorlin and Haute Mana projects in French Guiana and in the Waiamu, Aremu, Oko and Arawini projects in Guyana.  


The Company’s 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 on the Company’s website (www.reuniongold.com). For further information please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
Telephone: +1 450.677.2585
Email: info@reuniongold.com


Figure 1 - Geology map of NW Guyana showing locations of Reunion Gold projects.


Figure 2 - Map of the eastern Waiamu project area showing regolith geochemistry anomalies and interpreted surface geology with current exploration targets.


Figure 3 - Map of the eastern-central part of the Waiamu project area, showing current targets and location of trenching / diamond drilling, underlain by magnetic anomalies.


Table 1 - Waiamu Project Trench channel sampling intersections.


Table 2 - Waiamu Project Diamond drill intersections.


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Reunion Gold Corporation

lockPrivate Group

Reunion Gold Corporation is a Canadian exploration and development company focused on acquiring, exploring and developing gold projects in the highly prospective Guiana Shield of South America. The Guiana Shield, located on the northern edge of the Amazon Craton of South America, is well-endowed ...

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Corporate Profile
Group Admins:
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Reunion Gold Corporation

lockPrivateGroup

Reunion Gold Corporation is a Canadian exploration and development company focused on acquiring, exploring and develo......

people3 Members       (0)

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8020 Admin

1 day ago

8020 Admin posted a press release Reunion Gold Welcomes New Manager, Corporate Development in REUNION GOLD CORPORATION


LONGUEUIL, Quebec, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) is pleased to announce that Mr. Paul Fowler has joined the company as Manager, Corporate Development, effective November 6th, 2019.


Réjean Gourde, president and CEO, stated: "Paul has worked for several high profile investment banks and brokerages in Canada, and in doing so he has helped hundreds of junior mining companies with their capital markets strategies. His corporate contacts and capital markets experience will be valuable assets for Reunion Gold as we look to grow and develop a portfolio of world class projects in the Guiana shield."


Paul Fowler has 14 years’ experience in Canadian capital markets, predominantly working with clients in the mining sector. He has previously held both Institutional Sales and Investment Banking roles at Wellington West Capital Markets, National Bank Financial, Paradigm Capital and Red Cloud Securities. Mr. Fowler is a CFA charterholder.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has options to acquire an interest in the projects in French Guiana and Guyana. The Company’s 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 on the Company’s website (www.reuniongold.com).


For further information please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
Telephone: +1 450.677.2585
Email: info@reuniongold.com


Primary Logo


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8020 Admin

3 days ago

8020 Admin posted a press release Reunion Gold reports additional high-grade gold intersections at Boulanger Project in French Guiana in REUNION GOLD CORPORATION

LONGUEUIL, Quebec, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to report new mineralized drill results from the Boulanger Project in French Guiana.


Crique Filon prospect


At the Crique Filon prospect (Figure 1), an additional 300-meter diamond core drilling program was successfully completed in September. The program was designed to follow-up on the shear and tension vein mineralization that was previously identified in drill hole CA-19-05 (2.47 g/t gold over 23 meters, and 8.34 g/t Au over 11.14 meters) (see August 15, 2019 press release). The results are reported in Table 1 and include the following highlights (see Figure 2 for drill holes location):



  • Hole CA-19-06A: 6.02 g/t gold over 7.56 meters
    This high-grade section starting in saprolite from 11.94 meters is a re-drill of the top section of hole CA-19-06 that had insufficient core recovery.


  • Hole CA-19-07: 4.66 g/t gold over 5.65 meters
    This composite is starting from 9.0 meters in saprolite.


  • Hole CA-19-07: 4.30 g/t Au over 4.0 meters
    This composite is from 123.5 to 127.5 meters.


Several shear zones straddle across the Carapa exploration permit and the Doyle concession limits in the Crique Filon area. The drill holes cut tension veins and strongly foliated and sheared andesitic volcanics associated with the two shear zones intercepted in CA-19-05 (Figure 3). These shear zones can be traced over 600 meters and 300 meters, respectively (Figure 2) and remain open on strike and at depth. Several other attractive shear zones are found in the same area, to be tested by drilling in 2020.


Saint-Michel prospect


At Saint-Michel, an 18 hole, 900-meter reverse circulation (RC) drill program was carried out, followed by an additional 1,000 meters of diamond drilling across seven holes. The drill program was designed to test the Saint-Michel prospect discovery (see July 16, 2019 press release).  The results are reported in Tables 1 and 2 (see map and cross section in Figures 4 and 5).


Gold mineralization is hosted in saprolite of strongly sheared graphitic shale with boudinaged quartz veins and pyrite boxworks. Highlights include: 



  • 1.78 g/t gold over 7.95 meters from 41.5 meters in core hole SM-19-01

  • 1.54 g/t gold over 13.72 meters from 38.1 meters to the end of RC hole SMRC-19-03

  • 1.17 g/t gold over 10.67 meters from 38.1 meters in RC hole SMRC-19-04

  • 1.42 g/t gold over 16.76 meters from 3.05 meters in RC hole SMRC-19-06


The Saint-Michel drilling results confirm the presence of gold mineralization over significant thickness and grades. Gold grades are nevertheless substantially lower than those obtained from quartz vein-only material of artisanal miners´ stockpiles, which essentially excluded host rock material (17.3 g/t gold in average from 42 mineralized piles – see July 16, 2019 press release). Additional studies are now underway to assess the structural control of gold mineralization along this shear zone. The lower grade of the intersected gold mineralization may be due to:



  • Variable drill recoveries in the saprolite of both core and RC holes, indicating that some possibly mineralized quartz veining was poorly recovered because of the highly friable rock.

  • Concentration of quartz veining with gold mineralization in steeply dipping fold noses of a second phase of deformation, which are difficult to intersect with drilling.


The mineralization remains open along strike and at depth and additional soil and IP chargeability anomalies are yet to be tested in the vicinity (Figure 6). The presence of high grade mineralization in the area has been confirmed by an historical drill hole by Asarco which intercepted 1.5 metres @ 22.2 g/t gold immediately to the southwest of the prospect in the 1990’s.


The Company is also pleased to report preliminary metallurgical results from Saint Michel. Cyanidation and gravity recovery testing on the stockpiled material from Saint-Michel indicated an average gold recovery of 94% after 24 hours of direct cyanide leaching, and 99% after 72 hours. In addition, a gravity recovery test gave a recovery of 65.1%.


Next targets and the expected 2020 drill program


The Boulanger project hosts multiple prospects, as shown in Figure 1. So far, Doyle 1, 2 and 3, Nilson, Crique Filon and Saint-Michel prospects were preliminary drill tested. The 2018 drill program in Doyle 3 (see press release dated June 20, 2019) and the 2019 drill program at Crique Filon (see press release dated August 15, 2019, and this press release) have shown that larger thicknesses and gold grades are achieved when tension veins are cut at contact with- or very close to shear zones. Targeting these prospects´ shear zones will now be the focus as the Boulanger project, one of the most prolific alluvial gold districts in French Guiana, has the potential to host several primary gold deposits.


A review of the project geology using all available information, together with additional structural study and interpretation of all drill results is ongoing with the objective of ranking all targets and to prepare a focused 2020 trenching and drilling program.  


The Boulanger Project


The Boulanger Project is underlain by Proterozoic rocks consisting of Armina detritic sediments and Paramaca volcano-sediments intruded by granites and metamorphosed to greenschist facies. The Boulanger Project area is cut by various shear zones characterized by intense deformation and hydrothermal alteration. Gold is associated with quartz veins, pyrite and locally intense tourmaline alteration. Geological mapping and soil geochemistry indicate numerous anomalous zones that require follow-up exploration. There has been significant gold production from the project area for over one hundred years.


The Company has an option to acquire a 100% interest in the Boulanger Project from Compagnie Minière de Boulanger. The Boulanger Project is currently comprised of 38.4 km² of mining concessions, a 24 km² exploration permit and the 1 km² Saint-Michel artisanal mining permit (AEX). The project is located approximately 40 km south of Cayenne and readily accessible by paved and laterite roads.


Quality analysis and quality control


The Company has implemented a quality assurance and quality control (QA/QC) program and chain of custody protocols for all its sampling and particularly for drilling programs. Core drilling uses HQ‐size rods in saprolite and NQ‐size rods in fresh rock with half‐core samples collected. Sample length in core is usually 1.0 meter but varies according to geology between 0.35 and 1.5 meters. Sample length in RC holes is 1.524 meters. Certified standards and blanks are respectively inserted in average every 25 and 20 samples, while a duplicate sample is inserted about one per 25 samples, resulting in the insertion of about 13% of control samples. Blanks and duplicates are preferentially inserted after visually identifying mineralized zones to ensure that the results are meaningful. The samples are analyzed for gold by fire assay with atomic absorption finish on 50‐gram pulps by the FILAB-AMSUD laboratory in Surinam. Samples above 10 g/t gold are systematically re‐analyzed with gravimetry finish. FILAB-AMSUD is an accredited laboratory for quality procedure according to ISO 9001(2008) and ISO/IEC 17025.


Qualified Persons


Dr. Dominique Fournier, EurGeol., the exploration manager for Reunion Gold in French Guiana and a qualified person pursuant to National Instrument 43-101, is responsible for the work being done at the Boulanger Project. Carlos Bertoni, P. Geo., a consultant to Reunion Gold and a qualified person pursuant to National Instrument 43-101, has reviewed and approved the scientific and technical data contained in this press release.


Cautionary Statement


This press release contains certain forward-looking information as defined in applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking information. Specifically, this press release includes forward-looking information regarding the results and interpretation of drilling programs, potential mineralization, timing and results of additional exploration programs, and future plans and objectives of the Company. Forward-looking statements involve known and unknown risks, uncertainties and other factors including, without limitation, risks associated with the conduct of exploration activities and the results of drilling programs, gold price volatility, inability to raise the funds required to conduct the planned exploration activities, environmental liabilities, regulatory approvals or permitting delays. This cautionary statement qualifies all forward-looking statements herein. 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) accepts responsibility for the adequacy or accuracy of this press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has options to acquire projects in French Guiana and Guyana. The Company’s 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 on the Company’s website (www.reuniongold.com).


For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
Telephone: +1 450.677.2585
Email: info@reuniongold.com


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=RGD%3ACC&qmodStoryID=7815469230348009 

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8020 Admin

3 days ago

8020 Admin posted a press release Reunion Gold Provides an Update on Gold Exploration in Guyana in REUNION GOLD CORPORATION


LONGUEUIL, Quebec, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to provide an update on ongoing exploration activities on projects in Guyana, which are part of the Strategic Alliance with Barrick Gold Corporation.


All projects are in the Cuyuni River basin in Northwest Guyana, the largest gold producing region in the country (Figure 1). This region is underlain by strongly deformed “greenstone belts” of Proterozoic age composed of volcanic and sedimentary rocks intruded by granitic plutons, forming an ideal environment for the creation of orogenic gold deposits.


Waiamu Project


Most of the exploration work completed by the Company in Guyana has been conducted on the Waiamu Project. A comprehensive exploration program of regolith geochemical sampling, geological mapping, trenching and drilling covering the 150 km² eastern half of the project area was carried out (Figures 2 and 3). The work done so far has identified a NE-trending sequence of mostly clastic sediments intercalated with mafic volcanic flows and a distinct doleritic sill, in which gold mineralization aligns closely with two sets of shear zones (Figure 2).


Geochemical sampling identified numerous zones of anomalous gold within the central volcanic-dominated domain on the project area and a subsequent detailed heliborne magnetic and radiometric surveys showed that these anomalous zones coincided with several structures (shears) which were then targeted for follow-up. The follow up work included over 7,800 meters of trench sampling over eight of the targets to date, and 4,050 meters of diamond drilling on two artisanal mining prospects, Ceguinho and St. John, as well as the W14 target area (Figures 2 and 3). Tables 1 and 2 show the best intersections from trenching and drilling, with several significant gold-mineralized zones. These zones are usually associated with strongly hydrothermally altered and sheared rocks.


Waiamu Project - Next steps and upcoming drill program


The objective of the 2019 exploration program has been to generate and test by trenching as many targets as possible. The prioritizing of targets is based on a comprehensive review of their associated geological, geochemical and geophysical anomalies. The Company has recently commenced an 80 line-km gradient array induced polarization geophysical survey over six of the current targets (Figure 3). Given the observed association of gold mineralization with sulphides in drill core, several new drill targets are expected to be generated from the current exploration area, and a follow-up drill program is being planned for the first quarter of 2020.


The western half block of the project area, also referred as Kartuni, is being covered by a detailed fixed-wing magnetic and radiometric survey, to be followed by stream sediment and regolith geochemical sampling and geological mapping in 2020.


Réjean Gourde, the Company’s CEO, stated: “Our work to date at Waiamu has demonstrated the presence of several widely mineralized gold targets. An ongoing review of the data is expected to soon generate new drill targets, which we plan to test early in the new year.”


Other Projects


Stream sediment sampling and geological mapping programs have been completed at the Aremu and Oko projects in October. A detailed fixed-wing magnetic and radiometric survey is planned to be completed on both projects in November. The Company expects to carry out comprehensive follow-up regolith geochemical sampling and trenching of targets early in 2020. The project areas are easily accessible by road and river, which facilitates the mobilization of trenching and drilling equipment.


The Aremu project area is at the confluence of the Aremu and Cuyuni rivers, where more than 15 km² of alluvial and primary gold mineralization has been artisanally mined for decades along the contact of a granitic intrusive and mafic volcanic rocks.


The Oko project area is about 20 km to the southwest of Aremu, underlain mostly by mafic volcanic and clastic sedimentary rocks cut by a gabbroic intrusive and the western edge of the Bartica granitic complex. The area has extensive artisanal gold production and numerous pits and shafts done on mineralized quartz vein swarms.


Quality assurance and quality control


The Company has implemented a quality assurance and quality control (QA/QC) program and chain of custody protocols for all its sampling programs. Trench samples are collected along continuous sub-horizontal hand-dug channels usually 1 to 2 m long, 10 cm wide and deep. Core drilling uses HQ‐size rods in saprolite and NQ‐size rods in fresh rock with half‐core samples collected. Sample length in core is usually 1.0 meter but varies according to geological contacts. Certified standards and blanks are inserted regularly and comprise approximately 10% of the number of total samples assayed. Samples are dried, crushed to 80% passing 2 mm, riffle split (250 g) and pulverized to 95% passing 105 microns and then analyzed for gold by fire assay with atomic absorption finish on 50‐gram pulps. Samples above 3 g/t gold are systematically re‐analyzed with gravimetry finish. All analysis are performed by Actlabs Guyana, an accredited laboratory according to ISO 9001(2015), IAF and ANAB, holding the TRC number 01033.


Qualified Person


Carlos H. Bertoni, P. Geo., a consultant to the Company and a qualified person pursuant to National Instrument 43-101, has reviewed and approved the scientific and technical data contained in this press release.


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 program, 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. Such risks include but are not limited to: uncertainties regarding the availability of funds to conduct plan exploration programs and for additional capital requirements, uncertainty of exploration results; misinterpretation of data, logistical problems, volatility of gold price; mining risks, uncertainties related to the Company’s ability to acquire the Guyana Projects; and cost of exploration and development programs. 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) accepts responsibility for the adequacy or accuracy of this press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has entered into option agreements to acquire an interest in the Boulanger, Dorlin and Haute Mana projects in French Guiana and in the Waiamu, Aremu, Oko and Arawini projects in Guyana.  


The Company’s 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 on the Company’s website (www.reuniongold.com). For further information please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
Telephone: +1 450.677.2585
Email: info@reuniongold.com


Figure 1 - Geology map of NW Guyana showing locations of Reunion Gold projects.


Figure 2 - Map of the eastern Waiamu project area showing regolith geochemistry anomalies and interpreted surface geology with current exploration targets.


Figure 3 - Map of the eastern-central part of the Waiamu project area, showing current targets and location of trenching / diamond drilling, underlain by magnetic anomalies.


Table 1 - Waiamu Project Trench channel sampling intersections.


Table 2 - Waiamu Project Diamond drill intersections.


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