Source: Reunion Gold.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Reunion Gold (RGD) reported significant additional drill results from its ongoing exploration program at Oko West in Guyana
  • Drilling results continue to show a strong level of gold mineralization continuity at the Oko West’s Kairuni zone in terms of widths, grades, and geology
  • The company is working to accelerate its program by adding two higher-capacity diamond drilling rigs in Q4 2022
  • Reunion Gold Corporation (RGD) is up 7.41 per cent trading at C$0.29 as of 11:55 am ET

Reunion Gold (RGD) reported significant additional drill results from its ongoing exploration program at Oko West in Guyana.

Highlights:

  • Hole D22-135 intersected 5.19 g/t Au over 52.50 metres
  • Hole D22-124 intersected 4.12 g/t Au over 49.80 metres
  • Hole D22-127 intersected 3.18 g/t Au over 48.50 metres

Drilling results continue to show a strong level of gold mineralization continuity at the Oko West’s Kairuni zone in terms of widths, grades, and geology, particularly in the exploration block 4 area, where the bulk of the drilling has occurred.

The company’s Interim CEO, Carlos Bertoni, commented that the results from the Kairuni zone show continuity of the gold mineralization down to a vertical depth of approximately 250 metres, where more detailed drilling has occurred.

“We are also very excited about the potential for adding gold mineralization both along strike and at depth, particularly in the untested areas of block 4 between the depths of 250 metres and 600 metres. Hole D-112 demonstrated that the gold mineralization continues to at least that depth with an intercept of 3.68 g/t over 71.15 metres, within a broader intercept of 2.68 g/t over 115.45 metres.”

The company is working to accelerate its program by adding two higher-capacity diamond drilling rigs in Q4 2022. This will take the total drill rig count to five diamond rigs and one reverse circulation rig. 

The company also announced that the Guyana Geology and Mines Commission approved the issuance of a Prospecting License covering the Oko West project area to Reunion Gold Inc., its local subsidiary.

Reunion Gold Corporation is an explorer in the Guiana Shield, South America, with a portfolio of projects in Guyana, Suriname, and French Guiana.

Reunion Gold Corporation (RGD) is up 7.41 per cent trading at C$0.29 as of 11:55 am ET.


More From The Market Herald

" Teck Resources (TSX:TECK.A) and Earth Rangers partner to support wildlife conservation

Teck Resources Limited (TECK.A) and Earth Rangers expand their partnership to support wildlife conservation programs and engage young Canadians in biodiversity programming.

" Exploits Discovery Corp. (CSE:NFLD) upsizes private placement

Exploits Discovery Corp. (NFLD) has increased its previously-announced non-brokered private placement to $4,410,000.

" Copper Lake (TSXV:CPL) signs drill contract with Forages Lamontagne Fortier

Copper Lake Resources (CPL) has signed a drilling contract with Forages Lamontagne Fortier, based out of Évain, Quebec.

" Power Metals (TSXV:PWM) appoints Winsome’s Managing Director to the Board

Power Metals (PWM) has appointed Winsome Resources Managing Director Chris Evans to the Board of Directors.