Reunion Gold Initiates Scoping Study for Production of Silico-Manganese Alloy

Reunion Gold Corporation (TSX VENTURE:RGD) ("Reunion or the "Company") is
pleased to announce that it has recently retained Worley Parsons to conduct a
scoping-level study to assess the parameters relating to the possible
development of a silico-manganese plant that would be located in Trinidad and
Tobago. G Mining Services Ltd. has also been retained to combine the results of
the Worley Parsons' scoping study with the results of the July 2013
pre-feasibility study related to the production of manganese concentrate from
the Matthews Ridge Project located in northwest Guyana, South America. 


As previously announced, the Company has signed a memorandum of understanding
with National Energy Corporation of Trinidad and Tobago Ltd. setting out the
terms under which the parties will collaborate to evaluate the potential
development by Reunion of a silico-manganese plant in Trinidad and Tobago. In
addition to its proximity to Guyana, Trinidad and Tobago offers numerous
benefits including competitive power costs, deep sea port facilities, dedicated
areas for industrial projects and proximity to silico-manganese markets. 


The Company anticipates releasing the results of a preliminary economic
assessment of the combined studies, including various output scenarios, by the
end of Q1 2014.


About the Company 

Reunion Gold Corporation is a mineral exploration company engaged in the
exploration and development of the Matthews Ridge manganese project located in
the North West District of Guyana, South America. The Matthews Ridge Project
consists of four prospecting licenses covering an area of 185 km2 in northwest
Guyana, in and around the former Matthews Ridge mine. In July 2013, the Company
announced a proven and probable reserve estimate of 26.3 million tonnes of
manganese with an average grade of 14.2% Mn. 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.


Cautionary Statement on Forward Looking Information

This press release contains statements that constitute 'forward looking
information' under Canadian securities legislation. Such statements include,
without limitation, statements concerning the outlook for Reunion's operations,
including information about the economic and practical feasibility of
establishing a silico-manganese plant in Trinidad and Tobago, and the timing for
completion and results of the scoping studies and preliminary economic
assessment. Forward-looking information requires Reunion to make assumptions
about future events that may not prove to be correct, and involves a number of
risks and uncertainties. Consequently, actual results or events may differ
materially from those projected or implied in forward looking information.
Although Reunion believes that the expectations reflected in the forward-looking
information in this press release are reasonable, no assurance can be given that
these expectations will prove to be correct. Factors that may cause actual
results to vary include, but are not limited to: unanticipated delays in
completing studies; inaccurate geological or metallurgical assumptions; cost
escalation; lack of financing needed for Reunion to carry out its business plan;
and negative changes to general economic and financial market conditions. 


The statements containing forward-looking information in this press release are
made as of the date hereof and the Company undertakes no obligation to update
publicly or revise any forward-looking information, except as required by law.
Readers are cautioned not to place undue reliance on forward looking
information.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release.


Additional information about the Company is available on SEDAR at www.sedar.com
and at www.reuniongold.com.


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)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024