Table 9: Average Resource Impurity Concentrations by Product Size.
--------------------------------------------------------------------------- Range (%)---------------------------------------------------------------------------Impurity Lump Fine---------------------------------------------------------------------------SiO2 19-23 23-25---------------------------------------------------------------------------Al2O3 8-9 9-11---------------------------------------------------------------------------Fe 4.5-6(i) 4.5-6(i)---------------------------------------------------------------------------P 0.05-0.06 0.05-0.06---------------------------------------------------------------------------LOI 12-13 12-14---------------------------------------------------------------------------(i) Higher grade Fe contents (up to 11%) are observed in detrital material concentrates
Grade and Tonnage Reporting
The Matthews Ridge mineral resource was estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
The resource model has been categorized as Measured, Indicated and Inferred Resources using the CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines (November 2010).
Plans for 2013
The defined resources reported here provide a platform for Reunion to advance the Matthews Ridge Manganese Project through feasibility. Subject to available financing, the Company's plan for 2013 would be to complete an aggressive resource definition program on the Pipiani and Arakaka prospects, upgrade the inferred resources of the Matthew's Ridge trend and complete a pre-feasibility study.
Qualified Persons
The exploration data used to generate the resource estimates contained in this press release was approved by Carlos H. Bertoni, P. Geo., a consultant to the Company. Mr. Bertoni is an independent 'qualified person' within the meaning of that term under Canadian National Instrument 43-101 ("NI 43-101").
The Matthews Ridge resource estimates reported in this news release were undertaken by Mr. Rejean Sirois, ing., P. Geo., of GMining. Mr. Sirois is an independent 'qualified person' within the meaning of that term under NI 43-101. Mr. Sirois has reviewed and approved the contents of this press release insofar as the Matthews Ridge mineral resource estimate is concerned.
Mr. Ahmed Bouajila, ing., of GMining has supervised the metallurgical testing described in this news release. Mr. Bouajila is an independent 'qualified person' within the meaning of that term under NI 43-101. Mr. Bouajila has reviewed and approved the contents of this press release insofar as the Matthews Ridge metallurgical testwork is concerned.
All other technical information contained in this press release was prepared and approved by Mathieu Gignac ing., of GMining. Mr Gignac is an independent 'qualified person' within the meaning of that term under NI 43-101.
A technical report for the mineral resource estimate in compliance with NI 43-101 will be filed on SEDAR within 45 days of this press release.
About the Company
Reunion Gold Corporation is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in the Guyana Shield of South America. The Company through its 100% indirectly owned subsidiary Reunion Manganese Inc., has assembled a large, strategic land position to conduct exploration and development activities for manganese in the North West District of Guyana. The Company also has the right to acquire a 100% interest in a gold exploration project located in the Lely Mountain area in Eastern Suriname.
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.
Additional information about the Company is available on SEDAR at www.sedar.com and at www.reuniongold.com.
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 with respect to: the mineral resource estimates and potential expansion and upgrade to a higher level of confidence; the results of metallurgical testwork; the potential to develop the project into a mine and becoming a leading producer of manganese; and statements about the Company's plan and objectives for 2013. 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.
Contacts:
Reunion Gold Corporation
James Crombie, President and Chief Executive Officer
+1 450.677.2585
+1 450.677.2601 (FAX)
info@reuniongold.com
www.reuniongold.com
