RGD:CC - InvestorNewsBreaks - Reunion Gold Corporation (TSX.V: RGD) (OTCQX: RGDFF) Reports on Additional Drill Results from Guyana-Based Oko West Project
Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has announced additional drill results from its Oko West project, located in Guyana. The results include drilling from the company’s resource expansion drill program below Block 4 as well as continued infill drilling within areas of Inferred resources that are outlined in the June 2023 pit constrained mineral resource estimate (“MRE”). According to the announcement, results from the resource expansion program confirm the existence of high-grade mineralization within block 4 of the Kairuni zone, to depths of more than 1,000 meters down dip. Results from the infill drilling program continue to confirm the high level of continuity of the deposit as well as the trend toward higher grades within the MRE pit shell at depth. In the announcement, Reunion Gold notes that it has largely completed its drill program and is aiming to convert most of the inferred resources within the June 2023 MRE to a spacing expected to suffice for an indicated resource classification.
The company also noted that it has closed and handed over an updated database to G Mining Services for the preparation of an updated MRE expected to be announced by the end of February 2024. “I am very pleased with the results of both the resource conversion and the resource expansion drill programs, which together continue to confirm the strong levels of continuity within the open pit resource as well as the expansion of high-grade mineralization below the previously defined MRE pit shell, down to depth of 1,000 meters where it remains open,” said Reunion Gold president and CEO Rick Howes in the press release.
“This also confirms that we have significant underground potential below what is already very significant open pit potential. Once the open pit resource model is updated and the new underground resource model is complete, both the open pit and underground mine design scenarios will be evaluated as part of the Preliminary Economic Assessment (‘PEA’) work already underway with G Mining Services. This work will also determine the transition depth from the open pit to underground as well as the preferred sequencing of the open pit and underground mine. We expect to release the PEA before the end of June 2024. Permitting also continues on schedule with baseline studies nearing completion and Terms of Reference for the Environmental Impact Assessment submitted to the Guyana Environmental Protection Agency for approval.”
To view the full press release, visit https://ibn.fm/nziss
About Reunion Gold Corporation
Reunion Gold Corporation is a leading gold explorer and developer in the Guiana Shield, South America, concentrating in both Guyana and Suriname. In early 2021, the company announced an exciting new greenfield gold discovery at the Kairuni zone on its Oko West project in Guyana, and in June 2023, Reunion Gold announced an initial Mineral Resource Estimate containing 2.475 Moz of gold in Indicated resources grading 1.84 g/t Au and 1.762 Moz of gold in inferred resources grading at 2.02 g/t. In addition to advancing development of the Kairuni zone resource, the company is actively working to expand the initial resource at Kairuni and to explore several additional priority exploration targets at Oko West with the objective of outlining additional satellite deposits. For more information about the company, please visit www.ReunionGold.com.
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