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Reunion Gold is a leading gold explorer in South America's Guiana Shield, a highly prospective and relatively underexplored region. The company's Oko West Project in Guyana comprises a prospecting license with an area of approximately 44 square kilometers and is 100% held by Reunion through its local subsidiary. Guyana is recognized as a mining-friendly jurisdiction and in 2022 its ranking by the Fraser Institute ranking of mining investment attractivenessd increased to 22nd ranked areas in the world and the top country in south America. The company's leadership boasts over 225 years of combined experience in the Guiana Shield. On June 13 after only 22 months of drilling at Oko West Kairuni zone, Reunion Gold released a significant and high quality initial mineral resource estimate of 2.47 Moz of indicated Au grading 1.84 g/t and 1.762 Moz of inferred resources grading 2.02 g/t The company's strategy is to advance Oko west using a dual track approach to moving the project forward: 1) Advance development of the Kairuni zone forward rapidly by completing a PEA, targeted for year end 2) Continuing an aggressive exploration program focused on expanding the maiden resource, which remains open and exploring the two highly prospective targets outside of the Kairuni zone MRE area. These targets include the Takutu zone which represents the 4km of the same geological contact and structure that hosts the Kairuni resource and also the Bryan zone which represents the western portion of the property which displays a combination of gold in soil geochemical anomalies and historic alluvial gold mining operations downstream of the area.
reunion gold (tsx.v: rgd) (otcqx: rgdff)
is a leading gold explorer in the Guiana Shield, South America. In early 2021, the company announced an exciting new greenfield gold discovery at its Oko West project in Guyana, where, after 22 months of resource definition drilling, the company has announced an initial Mineral Resource Estimate (“MRE”) containing 2.475 Moz of gold in Indicated resources at 1.84 g/t and 1.762 Moz of gold in inferred resources at 2.02 g/t contained within a pit shell outline. Preliminary metallurgy results performed by the company, consisting of 8 bottle roll tests obtained strong results, averaging just under 90% recoveries on average. The company is continuing with additional development activities at Oko West, including environmental base line studies and additional metallurgical work relating to the delivery of a PEA by year end 2023. In addition, Reunion Gold is currently exploring several priority targets in the Oko West project area on which the company feels there is good potential to add additional resource ounces. This includes the opportunity to grow the initial mineral resource estimate released on June 13, 2023, and to discover additional gold ounces at Oko West outside of the resource area.
The Guiana Shield remains one of the most prospective exploration locations globally for the discovery of world class orogenic gold deposits. The shield, including both Guyana and Surinam, contain large relatively underexplored greenstone belts, from which Reunion Gold expects many more significant...
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