Discovery Of Significant Gold Mineralization At Oko West Project In Guyana

LONGUEUIL - Reunion Gold Corporation reported the discovery of significant gold mineralization in shear zones and the commencement of a 1,000-meter diamond drilling program at its Oko West Project in Guyana. Highlights: The trenching program resumed in September 2020 after a work suspension due to COVID-19; To date, Reunion has completed 19 trenches for a total length of 1,990 meters; 904 channel samples have been taken; and Significant gold assay results from channel samples include 30 meters at 2.24 g/t (including 8 meters at 5.28 g/t) and 50 meters at 2.04 g/t (including 16 meters at 4.23 g/t) at trench OKWT20-009, in a newly discovered shear zone.

Soil sampling in Q1 of 2020 defined a 2 km-long anomaly coincident with major north-south striking shear zones identified from geophysical data acquired in 2019. The Company believes that this gold-in-soil anomaly and trenching results is related to the southern extension of one or more mineralized structures intersected in drilling by G2 Goldfields immediately north of the Oko West permits boundary.

This trenching program confirms up to 2 km-long north-south mineralized shear zones straddling the contacts of volcano-sedimentary rocks and granitoids. The tectonic interaction between these rocks created intense shearing and allowed the introduction of gold mineralization in open spaces, characterized by carbonaceous and sericitic alteration accompanying quartz veining.

Additional trenching is ongoing, but these encouraging results require drill-testing to verify the vertical continuity and geometry of gold mineralization discovered so far. The Company recently started an initial 1,000-meter diamond drilling program and will report results when available.

Oko West is part of a group of permits in the Cuyuni River basin where Reunion has an option to solely acquire a 100% ownership interest. The Company has recently secured 2,480 acres of additional ground at the center of the project area for a total project area of 11,900 acres. The Company intends to initiate geological mapping, soil sampling and trenching on the new ground to verify extensions of the shear zones discovered so far.

Channel samples were taken horizontally and continuously in in-situ weathered rocks (saprolite) at regular intervals on trench walls. Reunion considers channel samples as sub-horizontal “drill holes” given their continuity and representative rock mass. Samples were sealed in plastic bags and shipped to the Actlabs certified laboratory in Georgetown, Guyana, respecting the best chain of custody practices. At the laboratory, samples were dried, crushed up to 80% passing 2 mm, riffle split (250 g), and pulverized to 95% passing 105 µm, including cleaner sand. 50 g of pulverized material is fire assayed by atomic absorption (AA). Initial assays with results above 3,000 ppb gold are re-assayed with gravimetric finish. Assay data is subject to QA/QC using acQuire software and management by an independent consultant.