Reunion Gold Signs a Memorandum of Understanding with National Energy Corporation of Trinidad and Tobago
20 Janvier 2014 - 2:30PM
Marketwired
Reunion Gold Signs a Memorandum of Understanding with National
Energy Corporation of Trinidad and Tobago
LONGUEUIL, CANADA--(Marketwired - Jan 20, 2014) - Reunion Gold
Corporation (TSX-VENTURE:RGD) ("Reunion or the "Company") is
pleased to announce that it has signed a Memorandum of
Understanding with the National Energy Corporation of Trinidad and
Tobago Ltd. ("National Energy") setting out the terms under which
the parties will collaborate to evaluate the potential development
by Reunion of a silico-manganese plant in Trinidad and Tobago.
Following the release of the pre-feasibility study of the
Matthews Ridge Project in July 2013, Reunion performed various
desktop studies, including assessing the viability of reducing the
output of the Matthews Ridge Project located in Guyana and
converting the manganese concentrate into silico-manganese alloys
in Trinidad and Tobago. In addition to its proximity to Guyana,
Trinidad and Tobago offers numerous benefits including competitive
power costs, deep sea port facilities, dedicated areas for
industrial projects and proximity to silico-manganese markets.
David Fennell, Chairman of Reunion, stated: "This is a
significant development for the Company. While Matthews Ridge as a
standalone mining operation is an attractive investment
opportunity, we believe that the construction of a silico-manganese
plant in Trinidad and Tobago to be supplied by Matthews Ridge ore
may potentially allow us to create a vertically integrated
operation which could become one of the world's lowest cost
producers of silico-manganese."
About Reunion
Reunion Gold Corporation is a mineral exploration company
engaged in the exploration and development of the Matthews Ridge
manganese project located in the North West District of Guyana,
South America. The Matthews Ridge Project consists of four
prospecting licenses covering an area of 185 km2 in northwest
Guyana, in and around the former Matthews Ridge mine. In July 2013,
the Company announced a proven and probable reserve estimate of
26.3 million tonnes of manganese with an average grade of 14.2% Mn.
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.
About National Energy
National Energy, a subsidiary of the state-owned National Gas
Company of Trinidad and Tobago Limited, is engaged in the promotion
of new energy-based industries and the provision and management of
industrial estates, port and marine facilities to support the
industries in Trinidad and Tobago.
Additional information about Reunion Gold Corporation is
available on SEDAR at www.sedar.com and at www.reuniongold.com.
CAUTIONARY STATEMENT
Certain statements contained in this press release
constitute forward looking information under Canadian securities
laws. Such statements include those discussing the potential
development of a silico-manganese plant in Trinidad and Tobago, and
the possibility of becoming one of the world's lowest cost
producers of silico-manganese. No assurance can be given that these
events will happen. Reunion needs to complete several studies,
including a scoping study and a full feasibility study. The results
of such studies may have an impact on the forward looking
information.
The statements containing forward-looking information in
this press release are made as of the date hereof and the Company
undertakes no obligation to update publicly or revise any
forward-looking information, except as required by law. Readers are
cautioned not to place undue reliance on forward looking
information.
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 release.
REUNION GOLD CORPORATIONJames Crombie, President and Chief
Executive Officer+1 450.677.2585+1
450.677.2601info@reuniongold.comwww.reuniongold.comNATIONAL ENERGY
CORPORATIONMerlyn Rennie-Browne, Vice-President (Ag)1 868 636 8471
ext. 217/227www.nationalenergy.com
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