Reunion Gold Initiates Scoping Study for Production of Silico-Manganese Alloy
20 1월 2014 - 10:31PM
Marketwired
Reunion Gold Initiates Scoping Study for Production of
Silico-Manganese Alloy
LONGUEUIL, CANADA--(Marketwired - Jan 20, 2014) - 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.
REUNION GOLD CORPORATIONJames Crombie, President and Chief
Executive Officer+1 450.677.2585+1
450.677.2601info@reuniongold.comwww.reuniongold.com
Reunion Gold (TSXV:RGD)
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Reunion Gold (TSXV:RGD)
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부터 6월(6) 2023 으로 6월(6) 2024