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Reunion Gold Provides an Update on Its Matthews Ridge Project Including Results at Pipiani and Arakaka
Published : February 13, 2013
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Keywords :   Aluminum | Iron | Manganese | Suriname |

LONGUEUIL, CANADA--(Marketwire - Feb. 13, 2013) - Reunion Gold Corporation (News - Market indicators) ("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
 
Zone & block No. of pits Average
thickness (m)
Area
(km
²)
Average
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
  (area) (m) From
(m)
To
(m)
Length (m) Mn
(%)
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
 
Target & block No. of pits Average
thickness (m)
Area
(km
²)
Average
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
  (area) (m)   From
(m)
To
(m)
Length (m) Mn
(%)
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  

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.

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
Companies Mentionned : Guyana | Reunion Gold | Shield | Total |
Data and Statistics for these countries : Suriname | All
Gold and Silver Prices for these countries : Suriname | All

Reunion Gold corporation

CODE : RGD.V
ISIN : CA76131P1062
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Annual reports of Reunion Gold corporation
2008 Annual report
Financings of Reunion Gold corporation
4/20/2011Announces Closing of C$40,250,000 Bought Deal Financing
6/22/2010Closing of 1st Tranche of Private Placement
5/28/2010Closing of Tranche 1 of Private Placement
Option Grants of Reunion Gold corporation
2/27/2013Retains Investor Relations Firm
Nominations of Reunion Gold corporation
7/18/2011Announces Resignation of Director
Financials of Reunion Gold corporation
9/17/2009First Quarter Financial Statement
2/25/2009announces filing of its Financial Results for the Third Quar...
8/28/2008announces its Financial Results for the First Quarter Ended ...
6/23/2008announces its Financial Results for the Year Ended March 31,...
2/27/2008Announces its Financial Results
Project news of Reunion Gold corporation
3/28/2011(Matthew Ridge)Announces Signing of Mineral Agreement in Guyana
3/1/2011(Matthew Ridge)Trenching Program reveals continuous manganese mineralizatio...
Corporate news of Reunion Gold corporation
1/20/2014Signs a Memorandum of Understanding with National Energy Cor...
1/20/2014Initiates Scoping Study for Production of Silico-Manganese A...
12/13/2013Corporate Update
11/18/2013Corporate Update
9/19/2013Grants Stock Options
9/16/2013Receives $5=2E2 Million on Termination of the Lely Option Ag...
8/21/2013Files Technical Report
7/12/2013Announces Mineral Reserves andPositive Pre-Feasibility Study...
6/21/2013Files its Annual Financial Statements and Provides an Update...
4/8/2013Files Technical Report
2/21/2013Announces a Significant Resource Estimate for its Matthews R...
2/13/2013Provides an Update on Its Matthews Ridge Project Including R...
12/13/2012Announces Completion of its 2012 Exploration Program at Matt...
10/31/2012Reports Further Drilling Results and a New Discovery from it...
9/17/2012Reports Further Drilling Results From its Matthews Ridge Man...
7/6/2011/PRESS RELEASE
7/6/2011Announces Grant of Reconnaissance Licences in Guyana
6/27/2011Grants Stock Options
6/1/2011Trenching Program Extends Matthews Ridge Manganese Mineralis...
4/28/2011Grants Stock Options
3/3/2011Reunion Gold: Request for Information - R#: 30H.J1P.HK0.VT...
7/13/2010Repays Convertible Loan
11/27/2009Quarterly Report
6/18/2008APPROVAL OF ACQUISITION OF LELY MOUNTAIN PROJECT IN SURINAME
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