Highlights include:
- Hole D-375 intersecting 60.4 m @ 1.50 g/t Au, including 6.0 m @ 7.06 g/t
- Hole D-381 intersecting 44.9 m @ 2.28 g/t Au, including 18.3 m @ 4.38 g/t Au
- Hole D-389 intersecting 21.6 m @4.00 g/t Au, including 4.0m @ 17.67 g/t Au
Highlights of drill results reported today include Hole D-375, which intersecting 60.4 m grading 1.50 g/t Au (using a 0.3 g/t cutoff), including 6.0 m grading 7.06 g/t (using a 1.5 g/t cutoff) starting at 31.5 m downhole, Hole D-381 intersecting 44.9 m grading 2.28 g/t Au (using a 0.3 g/t cutoff) starting at 85.2 m downhole, including 18.3 m grading 4.38 g/t Au (using a 1.5 g/t cutoff), as well as Hole D-389, intersecting 21.6 m grading 4.00 g/t Au (using a 0.3 g.t Au cutoff) starting at 150.0 m downhole, including 4.0 m grading 17.67 g/t Au (using a 1.5 g/t cutoff).
The Company continues to conduct its drill program designed to both expand and infill the Oko West resource, as well as to advance its exploration programs to identify additional areas of mineralization outside of the resource area at Oko West. In parallel with this, the Company continues to move its development studies forward, with the near-term goal of releasing a Preliminary Economic Assessment by the end of Q2 2024.
Table 1 - Significant intersects
Hole ID | Block | From | To | Downhole Interval | Grade x Downhole Interval | Cutoff ** | |
(m) | (m) | (m) | (g/t) | (gm/t) | (Au g/t) | ||
OKWD24-375 | 6 | 31.5 | 91.9 | 60.4 | 1.50 | 91 | 0.3 |
inc. | 58.3 | 64.3 | 6.0 | 7.06 | 42 | 1.5 | |
inc. | 68.3 | 76.6 | 8.3 | 2.32 | 19 | 1.5 | |
OKWD24-376 | 6 | 124.2 | 208.1 | 83.9 | 0.67 | 56 | 0.3 |
inc. | 181.7 | 189.3 | 7.6 | 1.87 | 14 | 1.5 | |
OKWD24-381 | 6 | 85.2 | 130.0 | 44.9 | 2.28 | 102 | 0.3 |
inc. | 106.9 | 125.1 | 18.3 | 4.38 | 80 | 1.5 | |
OKWD24-383 | 6 | 16.1 | 27.0 | 10.9 | 0.96 | 11 | 0.3 |
OKWD24-383 | 67.0 | 133.5 | 66.5 | 0.40 | 26 | 0.3 | |
inc. | 67.0 | 71.0 | 4.0 | 1.88 | 8 | 1.5 | |
OKWD24-385 | 6 | 137.0 | 149.0 | 12.0 | 0.80 | 10 | 0.3 |
OKWD24-385 | 174.0 | 306.9 | 132.9 | 0.79 | 104 | 0.3 | |
inc. | 224.0 | 231.0 | 7.0 | 4.85 | 34 | 1.5 | |
OKWD24-388 | 6 | 124.2 | 164.1 | 39.9 | 1.39 | 55 | 0.3 |
inc. | 132.4 | 137.4 | 5.0 | 5.76 | 29 | 1.5 | |
OKWD24-389 | 6 | 61.0 | 73.8 | 12.8 | 0.38 | 5 | 0.3 |
OKWD24-389 | 150.0 | 171.6 | 21.6 | 4.00 | 86 | 0.3 | |
inc. | 156.5 | 160.5 | 4.0 | 17.67 | 71 | 1.5 | |
OKWD24-391 | 6 | 107.0 | 121.2 | 14.2 | 0.46 | 6 | 0.3 |
OKWD24-391 | 199.4 | 257.0 | 57.6 | 1.29 | 74 | 0.3 | |
inc. | 207.7 | 211.3 | 3.6 | 2.45 | 9 | 1.5 | |
inc. | 227.0 | 233.0 | 6.0 | 2.62 | 16 | 1.5 | |
inc. | 248.9 | 254.8 | 6.0 | 3.61 | 21 | 1.5 |
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For further information, please contact:
E: doug_flegg@reuniongold.com
E: info@reuniongold.com
Telephone: +1 450.677.2585
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, "forward-looking statements"). Statements and information that are not historical facts are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions, or results "will", "may", "could" or "should" occur or be achieved. Forward-looking statements in this press release include statements regarding the potential to define additional high-grade gold mineralization plans to complete a preliminary economic assessment by Q2 2024 and expectations regarding the results of such assessment and study and forward looking assumptions used relating to the mineral resources estimates, as well as statements regarding beliefs, plans, expectations or intentions of the Company.
Forward-looking statements and the assumptions made in respect thereof involve known and unknown risks, uncertainties and other factors beyond the Company's control including risks and uncertainties related to timing, cost and results of exploration programs, updated resource estimates, economic assessment and development studies; uncertainties inherent with conducting business in foreign jurisdictions including corruption, civil unrest, political instability; geopolitical risks including risks related to recent actions taken by the government of
Forward-looking statements in this press release are made as of the date herein. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this press release are reasonable, undue reliance should not be placed on such statements. New factors emerge from time to time, and it is not possible for management of the Company to predict all such factors and to assess in advance the impact of each such factor on the business of the Company or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law.
Neither the
Figure 1 - Inclined long section through the planes of mineralization for Blocks 1 & 4 and Blocks 5 & 6 showing drill hole locations and results reported in this press release. Significant intersects are calculated using a 0.3 g/t Au cutoff, 10 m minimum down hole length and 10 m maximum consecutive internal dilution. Included intersects are calculated using a 1.5 g/t Au cutoff, 3 m minimum down hole length and 2 m maximum consecutive internal dilution.
A figure accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/42c222f5-8778-4639-a75a-c32f16896c59
Figure 1
Figure 1 - Inclined long section through the planes of mineralization for Blocks 1 & 4 and Blocks 5 & 6 showing drill hole locations and results reported in this press release. Significant intersects are calculated using a 0.3 g/t Au cutoff, 10 m minimum down hole length and 10 m maximum consecutive internal dilution. Included intersects are calculated using a 1.5 g/t Au cutoff, 3 m minimum down hole length and 2 m maximum consecutive internal dilution.
2024 GlobeNewswire, Inc., source