Reunion Gold Provides an Update on Its Matthews Ridge Project Including Results at Pipiani and Arakaka
13 2월 2013 - 11:49PM
Marketwired Canada
Reunion Gold Corporation (TSX VENTURE:RGD) ("Reunion or the "Company") is
pleased to provide an update on its Matthews Ridge Project and to report on
exploration activities at the Pipiani and Arakaka manganese prospects, which are
part of the Matthews Ridge Project in northwest Guyana, South America.
The Company has concluded the first phase of exploration programs of the Pipiani
and Arakaka prospects, aiming at discovering and defining manganese resources
for the project. The programs were initiated in the third quarter of 2012 and
are continuing in 2013.
The exploration database and geological modeling of the Matthews Ridge Project,
including the data for the Pipiani and Arakaka prospects described below, have
been delivered to an independent "Qualified Person" (as defined under Canadian
National Instrument 43-101), with the objective of completing an initial
resource estimate by the end of February 2013.
Pipiani prospect
The Pipiani prospect is located 65 km to the southeast of Matthews Ridge in
rocks with notable similarities to those hosting the well-explored Matthews
Ridge manganese deposit. The exploration program has to date confirmed the
occurrence of detrital and bedrock manganese mineralization in a NW-SE trending
area 5 km in length. The current program places emphasis on the delineation of
the spatial extent and grade of the mineralized cover rocks (the so-called
detrital material), while recording the presence of mineralized saprolite
(weathered bedrock), principally by pitting and trenching.
The results of the evaluation program of mineralized cover rocks are summarized
in the accompanying map (Figure 1) and Table 1. Relatively high grade and easily
extractible manganese detrital material is developed on the top surfaces and on
slopes of hills in Pipiani zones 1, 2 and 3. This cover mineralization is
distributed widely over the prospect in patches 100 m to 400 m wide, while
straddling the main ridge for an aggregate strike length of about 2.5 km. These
deposits were derived by the weathering of bedded mineralized bedrock, which
were enriched as a result of oxidation and supergene enrichment under a tropical
climate. Sampling of the detrital material was done on trenches approximately
200 m apart and sampled every 50 m along their length. This was further
augmented by pits spaced roughly 50 m by 50 m covering the area. The detrital
zones are subdivided into five separate zones due to the non-uniform depth
distribution of the detrital material and the blocks contain results using a 4%
cut-off (Figure 1).
Table 1 - Pipiani prospect - detrital pitting results
--------------------------------------------------------------------------
Average Area Average
Zone & block No. of pits thickness (m) (km2) grade (Mn %)
--------------------------------------------------------------------------
3 - 1 56 1.32 135 16.31
--------------------------------------------------------------------------
2 - 2 10 0.90 32 13.61
--------------------------------------------------------------------------
2 - 3 48 0.97 177 14.43
--------------------------------------------------------------------------
1 - 4 75 1.60 274 16.01
--------------------------------------------------------------------------
1 - 5 57 1.18 279 14.56
--------------------------------------------------------------------------
Total & average 246 1.28 896 14.98
--------------------------------------------------------------------------
The first phase trenching program, oriented transverse to the prevailing
structures, was designed to establish the existence of the mineralisation along
strike, while attempting to define controls on its localisation. Sixteen
trenches, dug to an average depth of 2.5 m and totalling 3,139 m, were sampled
on zones 1 to 3. Highlights of the assay results in the trenches, where the
average grade over a mineralized interval of a minimum of 3 m exceeded 7% Mn,
are presented in Table 2 below.
Table 2 - Pipiani Prospect - Highlights of new trench results
----------------------------------------------------------------------------
Trench Target Total Length Manganese intersection Grade
-------------------------------
From To Mn
(area) (m) (m) (m) Length (m) (%)
----------------------------------------------------------------------------
TR_003PI PZ3 397.69 53 80 27 23.16
--------------- ---------------------------------------
TR_003PI 92 142 50 16.5
--------------- ---------------------------------------
TR_003PI 147 155 8 13.7
--------------- ---------------------------------------
TR_003PI 200 228 28 12.97
--------------- ---------------------------------------
TR_003PI 253 256 3 13.62
----------------------------------------------------------------------------
TR_004PI PZ3 353.31 218 229 11 8.27
----------------------------------------------------------------------------
TR_007PI PZ1 379.39 21 25 4 24.67
--------------- ---------------------------------------
TR_007PI 258 280 22 7.3
--------------- ---------------------------------------
TR_007PI 283 294 11 12.2
--------------- ---------------------------------------
TR_007PI 329 338 9 11.63
----------------------------------------------------------------------------
TR_007EXTPI PZ1 190 121 128 7 7.44
----------------------------------------------------------------------------
TR_008PI PZ1 273.48 75 106 31 12.79
----------------------------------------------------------------------------
TR_010PI PZ1 380.91 270 295 25 13.7
--------------- ---------------------------------------
TR_010PI 308 325 16 27.41
----------------------------------------------------------------------------
TR_011PI PZ1 338.05 11 23 12 14.61
--------------- ---------------------------------------
TR_011PI 128 148 20 9.39
--------------- ---------------------------------------
TR_011PI 154 165 11 9.06
--------------- ---------------------------------------
TR_011PI 180 224 44 14.68
--------------- ---------------------------------------
TR_011PI 240 276 36 25.66
--------------- ---------------------------------------
TR_011PI 301 307 6 9.1
----------------------------------------------------------------------------
TR_012PI PZ1 145 6 9 3 10.95
--------------- ---------------------------------------
TR_012PI 43 58 15 12.78
--------------- ---------------------------------------
TR_012PI 70 84 14 25.24
--------------- -----------------------
TR_012PI 104 120 16 16.42
----------------------------------------------------------------------------
TR_013PI PZ1 214.38 21 25 4 9.86
--------------- ---------------------------------------
TR_013PI 55 86 31 12.05
----------------------------------------------------------------------------
TR_014PI PZ2 83 59 83 24 16.11
----------------------------------------------------------------------------
TR_016PI PZ2 42 0 26 26 27.69
----------------------------------------------------------------------------
The exposed bed rock mineralization in Pipiani is 30 to 60 m wide and with an
aggregate length of approximately 2,000 m. The bedded mineralization occurs as a
banded and sometimes massive manganese formation and manganiferous phyllite.
Arakaka prospect
The Arakaka prospect is the eastern continuation of the Matthews Ridge manganese
mineralization. Reconnaissance and a detailed exploration programs have
indicated the occurrence of detrital and bedded manganese mineralization in a
NE-SW trending sets of hills. The mineralized area covers approximately 5 km in
length.
The results of the evaluation program of the mineralized cover rocks (detrital
and duricrust) are summarized in the accompanying map (Figure 2) and Table 3.
The manganese detrital materials are developed on the top surfaces and on slopes
of hills, is distributed widely over the prospect from 100 m to 200 m wide,
following the ridge crest for an aggregate about 3 km strike length.
Table 3 - Arakaka Prospect - detrital pitting results
----------------------------------------------------------------------------
Average Area Average
Target & block No. of pits thickness (m) (km2) grade (Mn %)
----------------------------------------------------------------------------
ASW1-1 6 0.82 30 10.21
----------------------------------------------------------------------------
ASW1 -2 16 0.66 79 5.03
----------------------------------------------------------------------------
ASE1 -3 22 0.63 67 8.79
----------------------------------------------------------------------------
ASE2&3 -4 40 0.85 118 11.02
----------------------------------------------------------------------------
ASE4 -5 5 1.19 24 10.69
----------------------------------------------------------------------------
Total & average 89 0.78 317 9.15
----------------------------------------------------------------------------
A trenching program exposed significant bedded manganese intersections,
indicating a strike length of approximately 3 km. The bedded mineralization
occurs as a banded and sometimes massive manganese formation, and manganiferous
phyllite. Assay results for trenches 1 to 16 have been received. Highlights of
the assay results in the trenches, where the average grade over a mineralized
interval of a minimum of 3 m exceeded 7% Mn, are presented in Table 4 below.
Table 4 - Arakaka Prospect - Highlights of new trench results
----------------------------------------------------------------------------
Trench Target Total Length Manganese intersection Grade
-------------------------------
From To Mn
(area) (m) (m) (m) Length (m) (%)
----------------------------------------------------------------------------
TR_001AS ASE1 150 97 102 5 11.34
--------------- ---------------------------------------
TR_001AS 108 123 15 7.71
----------------------------------------------------------------------------
TR_003AS ASE1 50.8 6 12 6 7.16
--------------- ---------------------------------------
TR_003AS 29 43 14 9.26
----------------------------------------------------------------------------
TR_004AS ASE2_3 105 88 96 8 30.45
----------------------------------------------------------------------------
TR_005AS ASE1 76 22 25 3 8.83
----------------------------------------------------------------------------
TR_005AS 32 38 6 8.72
----------------------------------------------------------------------------
TR_007AS ASE1 42 11 21 10 9.68
----------------------------------------------------------------------------
TR_010AS ASE2_3 140.51 46 62 16 20.46
----------------------------------------------------------------------------
TR_014AS ASE4 237.19 68 81 13 12.02
--------------- ---------------------------------------
TR_014AS 140 143 3 11.35
--------------- ---------------------------------------
TR_014AS 156 168 12 13.6
----------------------------------------------------------------------------
TR_016AS ASE2_3 7 0 7 7 18.54
----------------------------------------------------------------------------
The exposed bedrock mineralization in the Arakaka prospect is approximately 10
to 30 m wide and approximately 3000 m long in aggregate, but disrupted by NW and
NE striking faults (Figure 2). This mineralization is open to the northeast
direction as depicted by the presence of fragmented manganiferous boulders or
duricrust.
Quality assurance and quality control
Standard reference materials, internal standards, blanks and duplicate samples
have been used to control laboratory accuracy and precision. Samples are being
processed by FILAB Guyana, an independently managed laboratory on site, the
methodology comprising of crushing to minus 2 mm and pulverization passing 200
mesh, followed by XRF assays for manganese and other relevant oxides.
Representative samples are also being processed by a scrubbing / jigging pilot
plant operated by FILAB under the supervision of GMining Services (an
independent consulting firm), as part of the metallurgical testing of
mineralized materials.
Carlos H. Bertoni, P. Geo., a qualified person as defined under the terms of NI
43-101, has verified the data and approved the technical information contained
in this press release.
About the Company
Reunion Gold Corporation is a mineral exploration company focused on the
acquisition, exploration and development of mineral properties in the Guyana
Shield of South America. The Company through its 100% indirectly owned
subsidiary Reunion Manganese Inc., has assembled a large, strategic land
position to conduct exploration and development activities for manganese in the
North West District of Guyana. The Company also has the right to acquire a 100%
interest in a gold exploration project located in the Lely Mountain area in
Eastern Suriname.
Manganese is the fourth largest metal consumed in the world, behind iron,
aluminum and copper. It is a key component in steel and iron production with no
viable substitute.
Additional information about the Company is available on SEDAR at www.sedar.com
and at www.reuniongold.com.
Forward Looking Statements
This press release contains forward-looking information. Although the Company
believes in light of the experience of its officers and directors, current
conditions and expected future developments and other factors that have been
considered appropriate that the expectations reflected in this forward-looking
information are reasonable, undue reliance should not be placed on them because
the Company can give no assurance that they will prove to be correct. Forward
looking information in this news release includes statements regarding the
results of the exploration activities and interpretation of such results, the
nature, potential size and continuity of the mineralization system, the timing
and completion of future work programs, mineral resource estimate and geological
modelling. Forward-looking information involves known and unknown risks,
uncertainties, assumptions and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
information. The forward-looking statements contained in this press release are
made as of the date hereof and the Company undertakes no obligations to update
publicly or revise any forward-looking statements or information, whether as a
result of new information, future events or otherwise, unless so required by
applicable securities laws.
Figure 1 (Map of Pipiani Prospect) and Figure 2 (Map of Arakaka Prospect) are
available at this address: http://media3.marketwire.com/docs/reua0213.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
REUNION GOLD CORPORATION
James Crombie
President and Chief Executive Officer
+1 450.677.2585
+1 450.677.2601 (FAX)
info@reuniongold.com
www.reuniongold.com
Reunion Gold (TSXV:RGD)
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Reunion Gold (TSXV:RGD)
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