Reunion Gold
Financials:
Primary ticker: TSXV:RGD
Stage of development: Exploration
Primary minerals: Gold
Project to promote: Oko West
Peoject location: Guyana
Website: www.reuniongold.com/
Corporate presentation: Click here
Reunion Gold is a leading gold explorer in the Guiana Shield, South America, with a portfolio of projects in Guyana, Suriname, and French Guiana. In 2021 the Company made an exciting new gold discovery at Oko West in Guyana, where to date it has outlined continuous gold mineralization over 2,500 meters of strike length and to a vertical depth of ~575 meters. The deposit appears to be open pit amenable with a strong grade profile and favorable initial metallurgy. We are looking to complete a maiden mineral resource in H1/23. The Company’s common shares trade on the TSX Venture Exchange under the symbol ‘RGD.V’ and on Nasdaq under ‘RGDFF.QB’
CASH: CAD$52M
DEBT: NIL
Major shareholders:
Dundee Resources – 17.2%
Barrick Gold – 8.9%
Condire – 8.9%
Jupiter – 7.6%
Libre – 5.0%
Management ownership – 7.6%
Management Profile
What is your rationale for taking part 121 Mining Investment?
We are well financed and expect to have good news flow from drill results throughout the year. We are looking to introduce this exciting and relatively new discovery to additional investors in order to increase awareness of the company.
What recent news would you like to highlight to investors attending?
Exploration press releases on Sept 7/22
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Improve our profile through increased marketing, accelerate our drilling with the addition of a 2 DD rig bringing the total to 6 rigs and continue to release results on our next 30,000 m of drilling at the Kairuni zone at Oko West, aimed at significantly increasing the mineralized envelope.
6 Months:
The current drill program on the Kairuni zone is aimed at working towards a very robust maiden resource estimate in H1/23 and begin to do scout drilling on the southern 3.5 km of the same sheared granitoid/volcanic contact that hosts the Kairuni mineralization and is coincident with a 6 km long gold in soil geochemical anomaly.
12 Months:
Drill off the Kairuni zone to see how large the resource will be, look for additional discoveries on the southern 3.5 km of the same contact called the Takutu zone and carry out initial exploration on the Bryan zone to the west which may the the hard rock source area of significant historic alluvial gold mining in the creeks and rivers draining the area.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Our main challenge stems from the fact that the project has benefitted from a lot of success in a relatively short period of time so we are constantly working to improve our knowledge of the deposit and the mineralized system and as we look to expand our drill programs and explore additional targets at Oko West we need to add qualified people, expand the camp facilities and secure additional rigs and heavy equipment.
What do you think makes your company such a compelling investment?
In less than a year of drilling we have had great success in outlining a 2.5 km long gold mineralized zone (Kairuni zone) along a sheared contact, coincident with a 6 km long soil geochemical anomaly, which has alluvial gold mining occurring downstream from the project area. The remaining 3.5 km of the soil geochemical anomaly coincident with the contact and the shear zone remains largely unexplored. The project has multi million ounce size potential and numerous targets.