Oko West Gold Project Programme Follows Successful Cap Raising
Reunion Gold Corporation (TSXV: RGD) in planning a significant exploration programme at its Oko West Project in Guyana following the successful completion of a $10.4 million financing.
Acting CEO, Carlos Bertoni, said the programme will include a combination of approximately 130 diamond and reverse circulation holes totalling up to 11,000m.
“We are excited with the exploration results obtained so far from the trenching and drilling work done at the Oko West Project and are launching a follow-up programme aiming to expand the footprint of three mineralised shear zones discovered in 2020, which has now been tested by trenching and drilling over five kilometres,” Mr Bertoni said.
“Gold mineralisation is found in north-south shear zones straddling the six-kilometre-long contact of granitic and volcanic rocks within the project boundaries.
“This new programme aims to define the geometry, volume and gold grade of saprolitic material over a strike length of approximately three kilometres and will be executed in such a way that a mineral resource could be estimated, if warranted.”
Mr Bertoni said work done so far confirms significant gold mineralisation hosted by three shear structures extending for hundreds of meters along strike and downwards into weathered bedrock (saprolite), justifying a comprehensive exploration program consisting of 100m-spaced trench and drill hole “fences” on eight blocks.
These fences aim to test the lateral and depth continuity of gold mineralization down to unweathered bedrock. In addition to the 11,000m in 130 holes of drilling, 25 trenches are planned to provide a continuous near-surface sampling of saprolite.
“We expect that more than 12,000 samples will be assayed. This program is being launched during the first week of June and will take close to five months to complete, at an estimated cost of approximately C$3.4 million,” Mr Bertoni said.
The Oko West area is in the Cuyuni River basin of Guyana, a traditionally mining-friendly jurisdiction. The company has an option to acquire a 100% ownership interest in mineral rights covering an area of approximately 11,900 acres.
