Reunion Gold Announces Filing of NI 43-101 Technical Report for Its 100%-Owned Oko West Project
11 Avril 2024 - 4:19PM
Reunion Gold Corporation (TSXV: RGD; OTCQX: RGDFF) (the “Company”)
is pleased to announce the filing of the National Instrument
43-101 Standards of Disclosure for Mineral Projects (“NI
43-101”) entitled “NI 43-101 Technical Report, Oko West Gold
Project, Cuyuni-Mazaruni Mining Districts, Guyana” dated April 11,
2024, with an effective date of February 26, 2024 (the “Technical
Report”) to support scientific and technical information that
relates to the Oko West Project and the updated Mineral Resource
Estimate (“MRE”) published on February 26, 2024. The updated MRE
showed a significant increase in both grades and contained gold
within the overall MRE and also included a substantial initial
underground MRE. There are no material differences in the Technical
Report from the information disclosed in the news release issued on
February 26, 2024.
The Technical Report was authored by Pascal
Delisle, P.Geo., and Neil Lincoln, P.Eng., both of G Mining
Services Inc., and Derek Chubb, P. Eng., of Environmental Resources
Management Inc., and is available on the Company's profile on
SEDAR+ (www.sedarplus.ca) and on the Company’s website
(www.reuniongold.com).
About Reunion Gold
Corporation
Reunion Gold Corporation is a leading gold
explorer in the Guiana Shield, South America. In 2020, the Company
announced an exciting new greenfield gold discovery at its Oko West
project in Guyana and announced its maiden mineral resource
estimate in June 2023 after just 22 months of resource definition
drilling. In February 2024, the Company announced an updated
Mineral Resource Estimate (the “2024 MRE”) containing a total of
4.3 Moz of gold in Indicated Resources grading 2.05 g/t and 1.6 Moz
of gold in Inferred Resources grading 2.59 g/t. This 2024 MRE
includes an underground Resource containing 1.1 Moz of gold at a
grade of 3.12 g/t Au in the Inferred category. Please refer to the
Technical Report entitled “NI 43-101 Technical Report, Oko West
Gold Project, Cuyuni-Mazaruni Mining Districts, Guyana” dated April
11, 2024, available under the Company’s profile on SEDAR+.
The Company is moving forward on development
studies and expects to deliver a Preliminary Economic Assessment by
the end of Q2 2024. The Company continues to explore several
additional priority targets at Oko West that lie outside of the
area of the MRE, as well as leverage its considerable experience in
uncovering new discoveries in the Guiana Shield to acquire and
explore additional new projects in the region.
The Company's common shares are listed on the
TSX Venture Exchange under the symbol 'RGD' and trade on the OTCQX
under the symbol 'RGDFF'. Additional information about the Company
is available on SEDAR+ (www.sedarplus.ca) and the Company's website
(www.reuniongold.com).
For further information, please contact:
REUNION GOLD CORPORATION Rick
Howes, President and CEO, or Doug Flegg, Business Development
AdvisorE: doug_flegg@reuniongold.comE:
info@reuniongold.comTelephone: +1 450.677.2585
Cautionary Statement Regarding
Forward-Looking Statements
This press release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities laws (collectively, "forward-looking
statements"). Statements and information that are not historical
facts are forward-looking statements. Forward-looking statements
are frequently, but not always, identified by words such as
"expects", "anticipates", "believes", "intends", "estimates",
"potential", "possible" and similar expressions, or statements that
events, conditions, or results "will", "may", "could" or "should"
occur or be achieved. Forward-looking statements and the
assumptions made in respect thereof involve known and unknown
risks, uncertainties and other factors beyond the Company's control
including risks and uncertainties related to timing, cost and
results of exploration programs, updated resource estimates,
economic assessment and development studies; uncertainties related
to the Company’s ability to obtain a mining licence and commencing
mining operations at its Oko West Project; uncertainties inherent
with conducting business in foreign jurisdictions including
corruption, civil unrest, political instability; geopolitical risks
including risks related to recent actions taken by the government
of Venezuela over the border dispute; unanticipated title disputes;
gold price volatility; currency fluctuations; risks associated with
the recurrence of COVID-19 or future pandemics; delays in obtaining
governmental approvals or financing; risks regarding potential
litigation proceedings; regulatory risks and liabilities including,
regulatory environment and restrictions; metallurgical testing and
recoveries and other risks of the mining industry; speculative
nature of gold exploration; dilution; share price volatility;
competition; and loss of key employees. Additional information on
these risks and other factors is included in documents and reports
filed by the Company with Canadian securities regulators and
available at SEDAR+ (www.sedarplus.ca) including, but not limited
to, the cautionary statements made in the relevant sections of the
Company’s Annual Information Form and Management Discussion &
Analysis.
Forward-looking statements in this press release
are made as of the date herein. Although the Company believes that
the assumptions and factors used in preparing the forward-looking
statements in this press release are reasonable, undue reliance
should not be placed on such statements. New factors emerge from
time to time, and it is not possible for management of the Company
to predict all such factors and to assess in advance the impact of
each such factor on the business of the Company or the extent to
which any factor, or combination of factors, may cause actual
results to differ materially from those contained in any
forward-looking statement. The Company undertakes no obligation to
update publicly or otherwise revise any forward-looking statements,
whether as a result of new information or future events or
otherwise, except as may be required by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this press release.
Reunion Gold (TSXV:RGD)
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