NetworkNewsBreaks – Reunion Gold Corporation (TSX.V: RGD) (OTCQX: RGDFF) Reports on Strong Drill Results at Oko West Project in Guyana
Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, is reporting positive drill results from its ongoing infill and deep drilling programs at its Guyana-based Oko West Project. According to the report, drilling for the conversion of Inferred category to Indicated category resources continued within the MRE pit constraint and continued to deliver expected high-grade intersects. In addition, drilling below the MRE pit shell has continued for the purpose of defining an underground resource. Based on the positive results of the drilling program, Reunion Gold has decided to delay the delivery of a preliminary economic assessment (“PEA”) until the end of second quarter 2024. The report noted that the infill drilling program is designed to upgrade the inferred resources within the Mineral Resource Estimate (“MRE”) pit shell to an Indicated mineral resource category, and the deep drilling program is aimed at testing and defining the potential for an underground resource at depths greater than 500 meters below surface.
In addition to the ongoing drilling at the Kairuni zone of its Oko West Project, Reunion Gold continues to advance its exploration programs on the remainder of the Oko West Prospecting License, including implementing ground magnetics and IP geophysical surveys, RC drill programs and follow-up diamond drill programs. “We are very encouraged with the results of the deep drilling program to date, which indicate the potential for a high-grade zone at depth,” said Reunion president and CEO Rick Howes in the press release. “With these results, we see the potential to add significant value as a combined open pit and underground project, and therefore we intend to continue the depth extension drilling program and delay the release of the PEA to allow for inclusion of an underground resource and evaluation of combined open pit and underground option to the PEA study, which we would expect to release in Q2 of 2024.”
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Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, is reporting positive drill results from its ongoing infill and deep drilling programs at its Guyana-based Oko West Project. According to the report, drilling for the conversion of Inferred category to Indicated category resources continued within the MRE pit constraint and continued to deliver expected high-grade intersects. In addition, drilling below the MRE pit shell has continued for the purpose of defining an underground resource. Based on the positive results of the drilling program, Reunion Gold has decided to delay the delivery of a preliminary economic assessment (“PEA”) until the end of second quarter 2024. The report noted that the infill drilling program is designed to upgrade the inferred resources within the Mineral Resource Estimate (“MRE”) pit shell to an Indicated mineral resource category, and the deep drilling program is aimed at testing and defining the potential for an underground resource at depths greater than 500 meters below surface.
In addition to the ongoing drilling at the Kairuni zone of its Oko West Project, Reunion Gold continues to advance its exploration programs on the remainder of the Oko West Prospecting License, including implementing ground magnetics and IP geophysical surveys, RC drill programs and follow-up diamond drill programs. “We are very encouraged with the results of the deep drilling program to date, which indicate the potential for a high-grade zone at depth,” said Reunion president and CEO Rick Howes in the press release. “With these results, we see the potential to add significant value as a combined open pit and underground project, and therefore we intend to continue the depth extension drilling program and delay the release of the PEA to allow for inclusion of an underground resource and evaluation of combined open pit and underground option to the PEA study, which we would expect to release in Q2 of 2024.”
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
