Reunion Gold Provides New Drilling Results on its Matthews Ridge Manganese Project
18 Juillet 2012 - 6:39PM
Marketwired Canada
Reunion Gold Corporation (TSX VENTURE:RGD) ("Reunion or the "Company") is
pleased to provide an update on its exploration activities at the Matthews Ridge
manganese project in Guyana, South America.
The Company has completed a total of 45,351 meters of diamond drilling in 701
holes and 17,361 meters of reverse circulation drilling in 283 holes. The
average length of all holes drilled so far is 64 meters. There are currently
three diamond drill rigs working at the project.
Reunion has to date received complete assay results from 513 drill holes, of
which 449 were previously released. Results from 64 diamond drill holes and one
reverse circulation drill holes completed in 2012 are reported in this press
release. Highlights of the most significant assay results are presented in Table
1. Refer to Appendix 1 for complete new results.
Table 1 (1)
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Target Total Manganese intersection Grade Mn
Hole hill length (m) (%)
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From (m) To (m) Length (m)
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Diamond drill holes
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11MR0016 H9W 67.50 9.00 34.50 25.50 13.40
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11MR0170 H6 41.00 0.00 20.00 20.00 17.02
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11MR0205 H9W 57.50 0.00 21.50 21.50 15.92
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11MR0235 H9E 83.00 26.00 44.50 18.50 15.64
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11MR1074 H9N 50.60 0.00 20.30 20.30 12.18
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11MR1088 H9C 54.20 15.30 46.40 31.10 20.27
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11MR1093 H9C 57.90 6.10 32.40 26.30 12.49
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11MR1094 H9C 76.10 12.30 45.20 32.90 15.39
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11MR1098 H9C 65.90 0.00 32.90 32.90 12.57
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11MR1121 H9E 73.60 0.00 18.60 18.60 14.87
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11MR1123 H9E 71.30 14.55 59.20 44.65 12.25
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11MR1133 H9E 63.30 24.20 48.20 24.00 14.84
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11MR1135 H9E 56.90 10.60 30.60 20.00 13.70
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11MR2005 H5E 95.40 1.00 19.10 18.10 12.49
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11MR2009 H5E 80.10 34.10 63.80 29.70 14.84
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11MR2035 H5C-EXT 63.70 33.60 50.60 17.00 12.21
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11MR2041 H5E-EXT 97.60 23.70 45.90 22.20 12.04
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Reverse circulation drill hole
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12MR3280 H9W 91.00 0.00 25.00 25.00 25.71
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(1) Minimum intersection length: 14 meters; minimum average grade: 12% Mn;
maximum interval dilution: 2 meters
The planned drilling program on all targets between Hills 1 and 9 is expected to
be completed at the end of July 2012. The Company will have closed the drill
hole-spacing between Hill 5 to Hill 9 to nearly 50 m by 25 m centers, while
drill hole spacing for Hills 1 to 4 will be about 50 m by 50 m, thus providing
sufficient information on the mineralized bodies for the completion of
geological modelling and resource estimation in the second half of 2012. Maps
showing the various target hills and location of mineralized zones in relation
to the drill holes are provided in Appendix 2.
Drilling results to date continue to indicate an excellent correlation with
trench intersections, confirming that mineralization persists regularly
throughout the saprolite zone and continues as proto-ore in the fresh rock.
The trenching and drilling programs are designed both to evaluate the previously
mined areas and to define the extent and characteristics of known but unexplored
mineralized zones. While trenches allow surface sampling and provide good
structural information, the drilling program aims at demonstrating the
continuity of manganiferrous bodies at depth and their geometry. Drilling is
being done to the saprolite-fresh rock interface. The Company intends to define
resources only in the saprolitic and detrital materials, which are amenable to
simple earth-moving extraction.
Project description
The Matthews Ridge Project consists of four Prospecting Licenses covering an
area of 185 km2 located in northwest Guyana, in and around the former Matthews
Ridge mine. The Company also holds two Permissions for geological and
geophysical surveys for manganese over an area of 19,770 km2 surrounding the
four Prospecting Licences. Manganese ore was mined from 1960 to 1968 by Union
Carbide and exported via railroad and a fluvial port. Mining was done on five of
a series of nine hills extending for 15 km and striking
northeastern-southwestern (see Appendix 2).
Manganese mineralization is hosted by the Barama Group sedimentary sequence of
Proterozoic age and consists of typical mantle and detrital deposits formed as a
result of oxidation and supergene enrichment of manganese-rich sediments under a
tropical climate. The mantle deposits are formed by manganese oxide and
hydroxide minerals occurring along the crest of hills and are related to the
weathered profile, reaching 120 m below surface.
Quality assurance and quality control
Diamond drilling was done using HQ-diameter casing and triple-tube technology to
maximize recovery. Half of the core was used for sampling at regular 1.5 m
intervals. Reverse circulation drilling was done with 6-inch casing, sampling at
every meter and splitting the rock chips once in the field and processing an
entire half sample. Standard reference materials, blanks and duplicate samples
have been used to control laboratory accuracy and precision. Core sample
preparation was done by Activation Laboratories Ltd. and ACME Laboratories at
their facilities in Georgetown, comprised of crushing to minus 2 mm and
pulverization passing 200 mesh, followed by XRF assays for manganese and other
relevant oxides at their laboratories in Canada. Sample preparation and XRF
assay of reverse circulation drill samples were done by FILAB Guyana
Laboratories on site using the same methodology described above.
Carlos H. Bertoni, P.Geo., a qualified person as defined under the terms of NI
43-101, has verified the data and approved the technical information contained
in this press release.
About the Company
Reunion Gold Corporation is a mineral exploration company focused on the
acquisition, exploration and development of mineral properties in the Guyana
Shield of South America. The Company through its 100% indirectly owned
subsidiary Reunion Manganese Inc., has assembled a large, strategic land
position to conduct exploration and development activities for manganese in the
North West District of Guyana. The Company also has the right to acquire a 100%
interest in a gold exploration project located in the Lely Mountain area in
Eastern Suriname.
Manganese is the fourth largest metal consumed in the world, behind iron,
aluminum and copper. It is a key component in steel and iron production with no
viable substitute, and is in short supply.
Additional information about the Company is available on SEDAR at www.sedar.com
and at www.reuniongold.com.
Forward Looking Statements
This press release contains forward-looking information. Although the Company
believes in light of the experience of its officers and directors, current
conditions and expected future developments and other factors that have been
considered appropriate that the expectations reflected in this forward-looking
information are reasonable, undue reliance should not be placed on them because
the Company can give no assurance that they will prove to be correct. Forward
looking information in this news release includes statements regarding the
results of the exploration activities and interpretation of such results, the
nature, potential size and continuity of the mineralization system, the timing
and completion of future work programs, mineral resource estimate and geological
modelling. Forward-looking information involves known and unknown risks,
uncertainties, assumptions and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
information. The forward-looking statements contained in this press release are
made as of the date hereof and the Company undertakes no obligations to update
publicly or revise any forward-looking statements or information, whether as a
result of new information, future events or otherwise, unless so required by
applicable securities laws.
Appendix 1 and 2 are available at the following link:
http://file.marketwire.com/release/Appendix_1_2.pdf
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