The exploration data used to generate the resource estimate was approved by Carlos H. Bertoni, P. Geo., a consultant to the Company, and a 'qualified person' within the meaning of that term under NI 43-101.
A technical report on the pre-feasibility study, 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 .
Cautionary Statement on Forward Looking Information
This press release contains statements that are 'forward-looking information' under Canadian securities laws. Forward looking information refers to statements about possible events, conditions or results of operations that are based on assumptions about future economic conditions and courses of action.
Forward looking information in this news release includes statements about Reunion's need for additional capital and its ability to acquire it; Reunion's plans to complete a full feasibility study, conduct exploration work and define additional manganese resources, and develop the project into a mine, and the timing for these events; and Reunion's ability to become a successful producer of manganese.
Forward-looking information involves making assumptions and is subject to known and unknown risks, uncertainties, and factors that may result in actual events differing materially from those anticipated in the forward-looking information. Material risks that could cause actual results to vary materially from the forward looking information in this press release include: the risk that the Company will not be able to raise the additional capital necessary to continue its planned activities or that it will be delayed in obtaining required funds; the risk that required permitting will not be received as expected or at all; the risk that additional exploration will not be successful in expanding or upgrading or both the current resources and reserves; and the risk that unforeseen global market or other changes will make it not possible for Reunion to produce an economic product from Matthews Ridge. Factors that could cause actual results to differ materially from those projected in the forward-looking information include, but are not limited to: fluctuations in the price of manganese or certain other commodities (such as diesel fuel and electricity); increases in the discount rates applied to present value net future cash flows based on country-specific real weighted average cost of capital; changes in capital and operating costs; fluctuations in the currency markets; changes in interest rates; changes in government legislation, controls, policies and regulations; and adverse political or economic developments in Guyana. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including: operating or technical difficulties in connection with mining or development activities; and environmental hazards and industrial accidents (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks). If one or more of these uncertainties and contingencies occur, they could cause Reunion's actual results to differ materially from the results expressed or implied in the forward-looking information. The Company has made assumptions regarding the occurrence of future events that its officers and directors, in their collective experience, believe are reasonable and which are based upon their understanding of current conditions and expected future developments and other factors that they consider relevant. However, despite all this, future events may turn out differently from what is expected at present, and the Company can give no assurance that the forward looking information will prove to be correct. Therefore, readers should not place undue reliance on the forward looking information.
The statements containing forward-looking information in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, unless required to do so 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.
Figure 1 - Map of Matthews Ridge region and Figure 2 - Map of Matthews Ridge Footprint area are available at the following link : http://media3.marketwire.com/docs/RGD_figures07112013.pdf.
REUNION GOLD CORPORATION
James Crombie, President and Chief Executive Officer
+1 450.677.2601 (FAX)
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