Longueuil, Quebec, April 18, 2024 (Globe Newswire) — Reunion Gold Corporation (TSXV: RGD; OTCQX: RGDFF) (the “Company”) announces that it has entered into a mineral agreement with the Cooperative Republic of Guyana. I will do it. Guyana Geology and Mines Commission. This mineral agreement provides the Company and its wholly owned Guyanese subsidiary with stable financial and operational conditions for the life of the Oko West Gold Project. The terms of the agreement are consistent with current standard clauses established by the country.
Rick Howes, president and CEO of Reunion Gold, said: This important milestone marks a significant de-risking step towards the development of the Oko West Project and underlines the strong support extended by the Government of Guyana to the development of the project. ”
As part of the agreement, the Company will prioritize the hiring of qualified and suitable Guyanese nationals and will undertake a comprehensive training program to develop the additional skills necessary to facilitate the employment of Guyanese employees at all operational levels. We have promised to compensate for this by implementing We believe that developing and training local talent contributes to the sustainable development of the country.
In addition to our workforce development efforts, we have agreed to establish a financial support program for environmental and social projects. We will annually fund US$1 million in initiatives that promote environmental sustainability and address social needs within surrounding communities. This commitment commences upon commencement of commercial production or within 24 months of issuance of the mining license, whichever occurs first.
All of these initiatives highlight our commitment to sustainable mine development that minimizes environmental impact, positively impacts the communities in which we work, and delivers lasting benefits for Guyana. Masu.
We are proceeding with a development study in preparation for a decision to construct Oko West. As part of this work, a preliminary economic assessment providing estimates of the project's key economic parameters is expected to be completed by mid-2024.
About Reunion Gold Co., Ltd.
Reunion Gold Corporation is a leading gold exploration company in South America's Guiana Shield. In 2020, the company announced an exciting green bullion gold discovery at its Oko West project in Guyana, and after just 22 months of resource-defining drilling, the company announced its first mineral resource estimate in June 2023. In February 2024, the Company announced its latest Mineral Resource Estimate (“2024 “MRE'') was announced. This 2024 his MRE includes underground resources containing 1.1 Moz gold at a grade of 3.12 g/t Au in the inferred category. For additional information regarding the 2024 MRE, please refer to our press release dated February 26, 2024. Our company is currently considering development in order to move forward with the project. The Company continues to expand the MRE at the project and explore other priority targets in Oko West outside the MRE area, as well as leveraging its extensive experience with new discoveries in the Guiana Shield. , perform acquisition and exploration. Additional new projects in the area.
The Company's common stock is listed on the TSX Venture Exchange under the symbol “RGD” and traded on the OTCQX under the symbol “RGDFF.” Additional information about our company can be found on SEDAR+ (www.sedarplus.ca) and our website (www.reuniongold.com).
For more information, please contact us below.
Reunion Gold Co., Ltd.
Rick Howes, President and CEO, or Doug Flegg, Business Development Advisor
E: doug_flegg@reuniongold.com
E: info@reuniongold.com
Phone: +1 450.677.2585
Cautionary note regarding forward-looking statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of Canadian securities laws. Statements and information that are not historical facts are forward-looking statements. Forward-looking statements include, but are not limited to It is often identified by words such as “there is” and similar expressions, or expressions such as: An event, condition, or result “will”, “may”, “could”, or “should” occur, or will be achieved. Forward-looking statements in this press release include statements regarding mineral resource estimates, the results of various studies being conducted, and statements regarding our beliefs, plans, expectations or intentions.
Forward-looking statements and assumptions related thereto involve known and unknown risks, uncertainties and risks associated with the timing, costs and results of exploration programs, updated resource estimates and development studies; and other factors beyond our control. uncertainties related to whether the Company will be able to obtain mining licenses and begin mining operations at the Oko West Project; uncertainties associated with operating business in foreign jurisdictions, including corruption, social unrest, and political instability; geopolitical risks, including risks related to recent actions taken by the Venezuelan government regarding border disputes; Unexpected Title Disputes. Gold Price Volatility. Currency fluctuations. risks related to the recurrence of COVID-19 or future pandemics; delays in government approvals and funding; risks related to potential legal proceedings; regulatory risks and responsibilities, including the regulatory environment and limitations; Metallurgical testing and recovery and other risks of mining. Speculative Nature of Gold Exploration. dilution; stock price volatility; competition; and loss of key employees. Additional information regarding these risks and other factors is contained in the Company's filings and reports with Canadian securities regulators, which are available on SEDAR+ (www.sedarplus.ca). Company annual information form and management discussion and analysis.
The forward-looking statements in this press release are made as of the date hereof. 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 our management cannot predict all such factors or know in advance the impact each such factor will have on our business or the extent to which a factor or combination of factors will affect our business. It is impossible to evaluate. The influence of factors could cause actual results to differ materially from those contained in the forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither 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.
