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Reunion Gold Corp
Symbol RGD
Shares Issued 319,916,587
Close 2018-06-20 C$ 0.16
Market Cap C$ 51,186,654
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Reunion Gold drills 6.1 m of 12.23 g/t Au at Boulanger

2018-06-20 12:09 ET - News Release

Mr. Rejean Gourde reports

REUNION GOLD REPORTS HIGH-GRADE DRILLING ASSAY RESULTS FROM THE BOULANGER GOLD PROJECT

Reunion Gold Corp. has released the assay results from its drill program at the Boulanger project in the north-central part of French Guiana.

Drill intersections highlights:

  • Hole CB-18-01A -- 2.85 metres grading 5.22 grams per tonne gold;
  • Hole CB-18-03 -- 7.50 metres grading 2.91 g/t gold;
  • Hole CB-18-08 -- 6.10 metres grading 12.23 g/t gold;
  • Hole CB-18-10 -- 8.41 metres grading 8.62 g/t gold.

The objective of this initial drill program was to define the geometry and extent of known gold mineralization. The program consisted of 12 diamond drill holes for a total of 1,025 metres (completed at the end of May, 2018). The program was focused on a two-square-kilometre area in the northeastern corner of the Central Bief concession. This area was explored by ASARCO in the 1990s and by Compagnie Miniere de Boulanger (CMB) in 2016 (total of 5,379 metres). Total historical drilling within the project area amounts to 13,300 metres. CMB, the current titleholder of the Boulanger project, also mined primary gold mineralization and alluvial placer in the Doyle area, and continues to mine alluvial gold downstream in the concession.

Composited assays results from the entire drill program are provided in the attached table.

 
                               COMPOSITED ASSAY RESULTS
 
Prospect     Drill hole    From (m)    To (m)    Length (m)    True width (m)     Au (g/t)

Doyle 2       CB-18-01A      12.15     15.00          2.85              2.68         5.22      
              including      13.30     15.00          1.70              1.60         8.46      
Doyle 2       CB-18-02A                        No significant results                             
Doyle 2        CB-18-03       8.00     15.50          7.50              6.53         2.91      
              including      12.00     15.50          3.50              3.05         5.03      
Doyle 2        CB-18-04                        No significant results                             
Doyle 1        CB-18-05      91.50     93.00          1.50              1.35         1.12      
Doyle 1        CB-18-06      47.00     48.00          1.00              0.92         2.41      
                    and      52.70     53.25          0.55              0.49         1.94      
Doyle 1        CB-18-07                        No significant results                             
Cr. Filon      CB-18-08      55.80     58.50          2.70              2.08         2.92      
                    and      90.40     96.50          6.10              3.05        12.23     
              including      92.00     96.50          4.50              2.25        16.36     
Cr. Filon      CB-18-09      64.00     65.50          1.50              0.75         0.52      
Doyle 3        CB-18-10      34.50     36.00          1.50                 -         0.51      
                    and      40.76     49.17          8.41              5.97         8.62      
              including      40.76     44.83          4.07              2.89        15.61     
Nilson         CB-18-11                        No significant results                             
Doyle 2        CB-18-12                        No significant results                             

Five of the nine drill holes testing the Doyle 1, 2 and 3 prospects intersected gold mineralization, hosted by quartz veins with pyrite and tourmaline, in shear zones hosted by mafic volcanic rocks. Visible gold was identified in hole CB-18-01A. Two drill holes (CB-18-08 and CB-18-09) tested the Crique Filon prospect (located 500 metres east of the Doyle prospect). Visible gold was identified in hole CB-18-08.

This initial drill program confirmed the presence of significant gold mineralization in the northeastern corner of the Central Bief concession. These drill results are being interpreted and a better understanding of the local controls of gold mineralization is emerging.

Continuing exploration

Reunion Gold plans to continue the comprehensive exploration program on the Boulanger project area by integrating and expanding the geological data generated by previous operators (with the objective of defining a gold resource). The planned work, which is expected to be completed in the next quarter, includes the following:

  • Relogging and reassaying the core drilled in the 2000s by Cambior/Iamgold on the Carapa permit (STM prospect), which identified several mineralized zones. This work is in progress and results should be available by the end of July, 2018.
  • Completing a heliborne magnetometric and radiometric survey over the whole Boulanger project area. This survey should define geological structures and lithological contacts related to gold mineralization;
  • Completing induced polarization surveys over the Doyle and STM prospects, where there is a known association of gold mineralization and sulphides.

The Boulanger project

The Boulanger project consists of 78.2 square kilometres of mining concessions, namely Central Bief, Devez North and South, and Boulanger, as well as the 24-square-kilometre Carapa exploration permit (formerly known as Sainte-Marie), located approximately 40 kilometres south of the capital Cayenne and readily accessible by paved and laterite roads. The Boulanger project is underlain by Proterozoic rocks of the Armina and Paramaca volcanosediments (intruded by granites and metamorphosed to greenschist facies). The project area is cut by various shear zones characterized by intense deformation and hydrothermal alteration. Geological mapping and soil geochemistry indicate numerous anomalous zones that require follow-up exploration. Gold is associated with quartz veins, pyrite and locally intense tourmaline alteration.

Reunion Gold has an option to acquire a 100-per-cent interest in the Boulanger project from CMB by spending $4-million (U.S.) on exploration over three years and other conditions described in the July 27, 2017, news release.

Quality control/quality assurance

Reunion Gold adheres to a strict quality assurance and quality control program with regard to core handling, sampling, sample custody and analytical procedures. Drill core samples were shipped to MS Analytical in Guyana for fire assays with AAS and gravimetric finish. Protocols include blank and standard samples field, coarse and pulp duplicates. The MS Analytical laboratory in Guyana is ISO 9001-certified under IAS and by Interdek.

Qualified person

Dr. Dominique Fournier, EurGeol, the exploration manager for Reunion Gold in French Guiana and a qualified person pursuant to NI 43-101, is responsible for the work being done at the Dorlin project. Carlos Bertoni, PGeo, a consultant to Reunion Gold and a qualified person pursuant to NI 43-101, has reviewed and approved the scientific and technical data contained in this press release.

About Reunion Gold Corp.

Reunion Gold is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield in South America. The company has entered into agreements to acquire an interest in the Boulanger, Dorlin and Haute Mana gold projects in French Guiana and in the Waiamu, Aremu and Arawini gold projects in Guyana.

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