- Reunion Gold (RGD) launches an 11,000-meter drill program at its Oko West Gold Project, Guyana
- The program will include a combination of approximately 130 diamond and reverse circulation holes
- Work done so far confirms significant gold mineralization hosted by three shear structures extending for hundreds of meters along strike and downwards into weathered bedrock
- This program is being launched during the first week of June and will take close to five months to complete, at an estimated cost of approximately C$3.4 million
- Reunion Gold Corporation is a gold explorer in the Guiana Shield, South America, with a portfolio of projects in Guyana, Suriname and French Guiana
- Reunion Gold Corporation (RGD) is up 7.14 per cent and is trading at C$0.075 at 1:22 pm ET
Reunion Gold Corporation (RGD), successfully completes a $10.4 million financing and plans an exploration program at its Oko West Project in Guyana.
The program will include a combination of approximately 130 diamond and reverse circulation holes totalling up to 11,000 meters.
Carlos Bertoni, Reunion Gold’s Acting CEO, stated,
“We are excited with the exploration results obtained so far from the trenching and drilling work done at the Oko West Project and are launching a follow-up program aiming to expand the footprint of three mineralized shear zones discovered in 2020.”
“This new program aims to define the geometry, volume and gold grade of saprolitic material over a strike length of approximately three kilometres and will be executed in such a way that a mineral resource could be estimated if warranted,” added Bertoni.
Work done so far confirms significant gold mineralization hosted by three shear structures extending for hundreds of meters along strike and downwards into weathered bedrock (saprolite), justifying a comprehensive exploration program consisting of 100 meter-spaced trench and drill hole on eight blocks.
These fences aim to test the lateral and depth continuity of gold mineralization down to unweathered bedrock.
In addition to the 11,000 meters in 130 holes of drilling, 25 trenches are planned to provide a continuous near-surface sampling of saprolite.
It is expected that more than 12,000 samples will be assayed.
This program is being launched during the first week of June and will take close to five months to complete, at an estimated cost of approximately C$3.4 million.
The Oko West area is in the Cuyuni River basin of Guyana, a traditionally mining-friendly jurisdiction.
Reunion Gold has an option to acquire a 100 per cent ownership interest in mineral rights covering an area of approximately 1900 acres.
Reunion Gold Corporation is a gold explorer in the Guiana Shield, South America, with a portfolio of projects in Guyana, Suriname and French Guiana.
Reunion Gold Corporation (RGD) is up 7.14 per cent and is trading at C$0.075 at 1:22 pm ET.