HomeMarket NewsMining The Path of Gold: Reunion Gold Strikes Deal with Guyana Government

The Path of Gold: Reunion Gold Strikes Deal with Guyana Government

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A Step Forward in Guyana

In a momentous move, Reunion Gold has taken strides towards solidifying its presence in northwest Guyana. The company is gearing up for a crucial construction decision, with an eagerly anticipated preliminary economic assessment slated for mid-year.

This pivotal development signals a significant de-risking phase in the journey towards realizing the Oko West project. Rick Howes, the CEO, underscored the unwavering support from the government of Guyana as they navigate the project’s development landscape.

Discovery and Confirmation

Unearthed during Reunion’s inaugural drill program in 2021, Oko West sits snugly to the south of the revered β€œOko” gold district, roughly 95 km west of Georgetown. The company’s initial drilling effort corroborated the presence of gold mineralization aligning with a 6-km-long gold-in-soil geochemical anomaly, primarily concentrated in the northerly 2 kmβ€”the Kairuni zone.

In June 2023, following extensive drilling at Kairuni, the first resource estimate was unveiled. Later in the year, this was updated to reveal a resource of 64.6 million tonnes grading 2.05 g/t gold for 4.3 million oz. under the indicated category and 19.2 million tonnes grading 2.59 g/t gold for 1.6 million oz. in the inferred category.

Recent Advancements and Growth

Notably, the February 2024 resource review showcases an expansion in both scale and quality, encompassing both open-pit and underground formulations. These findings are expected to play a pivotal role in the upcoming preliminary economic assessment (PEA) study, injecting a new wave of optimism into Reunion Gold’s trajectory.

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