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Reunion Gold Announces Grant of Reconnaissance Licences in Guyana
Published : July 06, 2011
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Mots clés associés :   Copper | Manganese | Suriname |

LONGUEUIL, QUEBEC--(Marketwire - July 6, 2011) - Reunion Gold Corporation (News - Market indicators) ("Reunion" or the "Company") is pleased to announce that its wholly owned subsidiary, Reunion Manganese Inc. ("RMI"), has been awarded by the Government of Guyana two Permissions for Geological and Geophysical Survey ("PGGS") for manganese, over an area of 19,770 square kilometres in the North West District of Guyana, South America. The area covered by the two manganese PGGS, known as Cuyuni and Barima, surrounds and augments the area covered by the Company's Matthews Ridge and Pipiani prospecting licenses, and also encompasses the majority of the Barama Group rocks, the host formation to the Matthews Ridge manganese mineralisation. Excluded from the PGGS are the areas covered by licences held by other parties.

The PGGS allows RMI to carry on geological, geophysical and other surveys and investigations for a period of up to three years with no provision for extension. RMI will have to relinquish 25% of the PGGS area on or before the first anniversary of the permissions. RMI may apply for up to 10 prospecting licenses for manganese during the PGGS period subject to satisfying the conditions provided under the Mining Act.

RMI intends to focus its initial prospection efforts on six (6) favourable geomorphic features located on the PGGS by conducting regional soil geochemistry (400m x 50m) and IP surveys. The first priority will be the Arakaka Bend, with dimensions of 60km x 5km.

About the Company

The Company is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in the Guyana Shield of South America. The Company has assembled a large, strategic land position to conduct exploration and development activities for manganese in the North West District of Guyana. The Company is currently executing an exploration program which consists of trenching, geological mapping and drilling on the Matthews Ridge old mine area with the objective of delineating a mineral resource compliant with National Instrument 43-101. The Company also has the right to acquire a 100% interest in an 82,850-hectare gold project located in the Lely Mountain area in Eastern Suriname. Additional information about the Company is available on SEDAR at www.sedar.com and at www.reuniongold.com.

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, and in short supply.

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 nature of the mineralization system, the timing and completion of future work programs, the completion of a mineral resource estimate and the manganese potential of the PGGS area. 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.

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
450.677.2585
450.677.2601 (FAX)
info@reuniongold.com
www.reuniongold.com
Données et statistiques pour les pays mentionnés : Suriname | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Suriname | Tous

Reunion Gold corporation

CODE : RGD.V
ISIN : CA76131P1062
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Reunion Gold est une société d’exploration minière d'or basée au Canada.

Reunion Gold détient divers projets d'exploration au Suriname et en Guyana.

Ses principaux projets en exploration sont ANTINO 1 au Suriname et MATTHEW RIDGE en Guyana.

Reunion Gold est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 121,8 millions CA$ (89,5 millions US$, 82,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 novembre 1996 à 9,28 CA$, et son plus bas niveau récent le 06 mai 2016 à 0,01 CA$.

Reunion Gold possède 187 450 000 actions en circulation.

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Financements de Reunion Gold corporation
20/04/2011Announces Closing of C$40,250,000 Bought Deal Financing
22/06/2010Closing of 1st Tranche of Private Placement
28/05/2010Closing of Tranche 1 of Private Placement
Rapports Financiers de Reunion Gold corporation
28/08/2008announces its Financial Results for the First Quarter Ended ...
23/06/2008announces its Financial Results for the Year Ended March 31,...
27/02/2008Announces its Financial Results
Projets de Reunion Gold corporation
28/03/2011(Matthew Ridge)Announces Signing of Mineral Agreement in Guyana
01/03/2011(Matthew Ridge)Trenching Program reveals continuous manganese mineralizatio...
Communiqués de Presse de Reunion Gold corporation
17/08/2015Reunion Gold announces Filing of Year-End Financial Statemen...
28/07/2015Reunion Gold Announces Filing of Year-End Financial Statemen...
20/01/2014Signs a Memorandum of Understanding with National Energy Cor...
20/01/2014Initiates Scoping Study for Production of Silico-Manganese A...
18/11/2013Corporate Update
16/09/2013Receives $5=2E2 Million on Termination of the Lely Option Ag...
12/07/2013Announces Mineral Reserves andPositive Pre-Feasibility Study...
21/06/2013Files its Annual Financial Statements and Provides an Update...
08/04/2013Files Technical Report
21/02/2013Announces a Significant Resource Estimate for its Matthews R...
13/02/2013Provides an Update on Its Matthews Ridge Project Including R...
31/10/2012Reports Further Drilling Results and a New Discovery from it...
17/09/2012Reports Further Drilling Results From its Matthews Ridge Man...
06/07/2011/PRESS RELEASE
06/07/2011Announces Grant of Reconnaissance Licences in Guyana
01/06/2011Trenching Program Extends Matthews Ridge Manganese Mineralis...
28/04/2011Grants Stock Options
03/03/2011Reunion Gold: Request for Information - R#: 30H.J1P.HK0.VT...
13/07/2010Repays Convertible Loan
18/06/2008APPROVAL OF ACQUISITION OF LELY MOUNTAIN PROJECT IN SURINAME
07/01/2008Completes Early Warrant Exercise Incentive Program
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