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Posted On: 02/26/2024 3:34:11 PM
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NetworkNewsBreaks – Reunion Gold Corporation (TSX.V: RGD) (OTCQX: RGDFF) Updated Oko West Project MRE Shows Significant Increase in Ounces, Grade
Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, is reporting on an updated Mineral Resource Estimate (“MRE”) at the Kairuni zone on its wholly owned Oko West Project in Guyana. Highlights from the updated MRE show total contained gold in open pit and underground Indicated Resources increased by 72.4 % compared to the June 2023 MRE with contained gold in the Indicated category of the open pit increasing by 71.2% whie the grade increased by 11.7 %. In addition, gold grades contained in the total open pit and underground Indicated Resources increased by 11.6% to 2.05 g/t Au and the grade of the total Inferred ounces went up by 28.5 % to 2.59 g/t Au. The updated MRE also showed a significant initial underground resource of 1.1M ounces of gold in the Inferred category grading 3.12 g/t Au with mineralization remaining open at depth below the limits of the defined resources in Block 4 at more than 1,000 meters depth. The company noted that the updated MRE will be used in its upcoming Preliminary Economic Assessment (“PEA”), which is expected to be released sometime during Q2 2024.
“We are very pleased with the results of the updated mineral resource for Oko West, which show a significant increase in both the overall resource and the grades of the resource,” said Reunion Gold president and CEO Rick Howes in the press release. “The increase in both the size and grade has the potential to add tremendous value to the Oko West Project. We are particularly encouraged by both the substantial increase in the open pit resource size and grade as well as the initial size and grade of the underground resource, which remains open below the 1 km depth of drilling to date. With this update, 90% of the open pit resource is now in the Indicated category with an increase of 71 % in Indicated Resources to 4.2 M oz and a 12 % increase in the gold grade of the Indicated Resource.”
NOTE TO INVESTORS: The latest news and updates relating to RGDFF are available in the company’s newsroom at https://nnw.fm/RGDFF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, is reporting on an updated Mineral Resource Estimate (“MRE”) at the Kairuni zone on its wholly owned Oko West Project in Guyana. Highlights from the updated MRE show total contained gold in open pit and underground Indicated Resources increased by 72.4 % compared to the June 2023 MRE with contained gold in the Indicated category of the open pit increasing by 71.2% whie the grade increased by 11.7 %. In addition, gold grades contained in the total open pit and underground Indicated Resources increased by 11.6% to 2.05 g/t Au and the grade of the total Inferred ounces went up by 28.5 % to 2.59 g/t Au. The updated MRE also showed a significant initial underground resource of 1.1M ounces of gold in the Inferred category grading 3.12 g/t Au with mineralization remaining open at depth below the limits of the defined resources in Block 4 at more than 1,000 meters depth. The company noted that the updated MRE will be used in its upcoming Preliminary Economic Assessment (“PEA”), which is expected to be released sometime during Q2 2024.
“We are very pleased with the results of the updated mineral resource for Oko West, which show a significant increase in both the overall resource and the grades of the resource,” said Reunion Gold president and CEO Rick Howes in the press release. “The increase in both the size and grade has the potential to add tremendous value to the Oko West Project. We are particularly encouraged by both the substantial increase in the open pit resource size and grade as well as the initial size and grade of the underground resource, which remains open below the 1 km depth of drilling to date. With this update, 90% of the open pit resource is now in the Indicated category with an increase of 71 % in Indicated Resources to 4.2 M oz and a 12 % increase in the gold grade of the Indicated Resource.”
NOTE TO INVESTORS: The latest news and updates relating to RGDFF are available in the company’s newsroom at https://nnw.fm/RGDFF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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