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As of 12:54 PM 05/17/13 All times are local (Market data is delayed by at least 15 minutes).

reunion gold corp (RGD) Snapshot

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Previous Close
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06/21/12 - C$0.58
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Market Cap
27.9M
Average Volume 10 Days
72.4K
EPS TTM
C$-0.17
Shares Outstanding
180.3M
EX-Date
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Current Stock Chart for REUNION GOLD CORP (RGD)

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reunion gold corp (RGD) Details

Reunion Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the Guiana Shield region of South America. It primarily holds interests in Matthews Ridge Manganese project in Guyana consisting of 4 prospecting licenses covering an area of approximately 185 square kilometers, as well as 2 permissions for geological and geophysical survey comprising an area of approximately 19,770 square kilometers; and the Lely Gold project in Suriname consisting of 4 rights of exploration covering approximately 950 square kilometers. The company was formerly known as New Sleeper Gold Corporation and changed its name to Reunion Gold Corporation in June 2006. Reunion Gold Corporation is based in Longueuil, Canada.

reunion gold corp (RGD) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$297.9K
Executive Chairman and Member of Environment,...
Total Annual Compensation: C$216.0K
Chief Financial Officer
Total Annual Compensation: C$93.8K
Chief Operating Officer and Ex-Officio Member...
Total Annual Compensation: C$200.0K
Compensation as of Fiscal Year 2012.

reunion gold corp (RGD) Key Developments

Reunion Gold Corporation Announces Significant Resource Estimate for its Matthews Ridge Manganese Project

Reunion Gold Corporation announced an initial resource estimate for the manganese deposits of its 100%-owned Matthews Ridge Project in northwest Guyana, South America. Highlights: Total Unconstrained Measured and Indicated Resources of 32.4M tonnes grading 14% Mn when using an 8% Mn cutoff grade on the footprint of Matthew's Ridge; Additional 5.3 M tonnes of Unconstrained Inferred Resources grading 15% Mn at an 8% Mn cutoff grade on the Matthew's Ridge Footprint and from two other prospects; Total Constrained Measured and Indicated Resources of 29.1M tonnes grading 14% Mn at a cutoff grade of 6-8% Mn; Robust resource model as demonstrated by a 90% conversion rate of the measured and indicated resources from Unconstrained to Constrained Resources; Metallurgical testwork indicates good manganese recovery to concentrates of marketable quality. The Matthews Ridge Project consists of four Prospecting Licenses covering an area of 185 km2 located in northwest Guyana, in and around the former Matthews Ridge mine. Manganese ore was mined from 1960 to 1968 by a subsidiary of Union Carbide and exported via railroad and a fluvial port. Manganese deposits have been explored in three prospects: 1) Matthews Ridge, corresponding to a series of nine hills extending for 15 km, of which five were previously mined; 2) Arakaka, which is the eastern extension of Hill 1, and 3) Pipiani, which is located 65 km to the southeast of Matthews Ridge. As part of the metallurgical testing of mineralized materials, representative samples of each material type were processed by scrubbing, wet screening and jigging with an Alljig(TM) lab-scale jig operated by FILAB Guyana Laboratories under the supervision of GMining. Core samples were split with one portion of the sample being placed into a composite sample of similar material and processed by jigging while the remaining portion was sent to SGS Lakefield in Canada for metallurgical characterization through heavy liquid separation (HLS). GMining supervised all work performed by SGS. HLS results were correlated to the composite jigging results. Based on the metallurgical testwork and characterization by material type, a relationship was established between the feed grade of the material and its potential upgradability. This was done by associating the feed grade of the material, the concentrate recovery and the concentrate grade while applying minimum concentrate grade requirements set at 36% and 34% Mn, respectively, for the Lump and Fine products. The metallurgical testwork also tracked the level of impurities in the feed and in the different concentrates. It is noted that the level of silica and alumina decrease by half while the concentration of iron doubles as a result of jigging. The level of phosphorous remains relatively unchanged, at very low levels. All average impurity levels are within current industry benchmark values for similar concentrates destined to silica-manganese furnaces.

Reunion Gold Corporation Provides an Update on its Matthews Ridge Project Including Results At Pipiani and Arakaka

Reunion Gold Corporation has provided an update on its Matthews Ridge Project and to report on exploration activities at the Pipiani and Arakaka manganese prospects, which are part of the Matthews Ridge Project in northwest Guyana, South America. The company has concluded the first phase of exploration programs of the Pipiani and Arakaka prospects, aiming at discovering and defining manganese resources for the project. The programs were initiated in the third quarter of 2012 and are continuing in 2013. The exploration database and geological modeling of the Matthews Ridge Project, including the data for the Pipiani and Arakaka prospects have been delivered to an independent "Qualified Person", with the objective of completing an initial resource estimate by the end of February 2013. The Pipiani prospect is located 65 km to the southeast of Matthews Ridge in rocks with notable similarities to those hosting the well-explored Matthews Ridge manganese deposit. The exploration program has to date confirmed the occurrence of detrital and bedrock manganese mineralization in a NW-SE trending area 5 km in length. The current program places emphasis on the delineation of the spatial extent and grade of the mineralized cover rocks (the so-called detrital material), while recording the presence of mineralized saprolite (weathered bedrock), principally by pitting and trenching. Relatively high grade and easily extractible manganese detrital material is developed on the top surfaces and on slopes of hills in Pipiani zones 1, 2 and 3. This cover mineralization is distributed widely over the prospect in patches 100 m to 400 m wide, while straddling the main ridge for an aggregate strike length of about 2.5 km. These deposits were derived by the weathering of bedded mineralized bedrock, which were enriched as a result of oxidation and supergene enrichment under a tropical climate. Sampling of the detrital material was done on trenches approximately 200 m apart and sampled every 50 m along their length. This was further augmented by pits spaced roughly 50 m by 50 m covering the area. The detrital zones are subdivided into five separate zones due to the non-uniform depth distribution of the detrital material and the blocks contain results using a 4% cut-off. The first phase trenching program, oriented transverse to the prevailing structures, was designed to establish the existence of the mineralisation along strike, while attempting to define controls on its localisation. Sixteen trenches, dug to an average depth of 2.5 m and totaling 3,139 m, were sampled on zones 1 to 3. Highlights of the assay results in the trenches, where the average grade over a mineralized interval of a minimum of 3 m exceeded 7% Mn.

Reunion Gold Corporation Provides Update on its Exploration Activities at the Matthews Ridge Manganese Project in Guyana, South America

Reunion Gold Corporation provided an update on its exploration activities at the Matthews Ridge manganese project in Guyana, South America. The company has concluded its planned exploration program for 2012, completing a total of 47,570 meters of diamond drilling in 735 holes, 17,361 meters of reverse circulation drilling in 283 holes, 217 meters of Banka drilling in 119 holes and 365 sampling pits. Drilling results continue to indicate an excellent correlation with trench intersections, confirming that mineralization persists regularly throughout the saprolite zone and continues as proto-ore in the fresh rock. Diamond and RC drilling has been done to the saprolite-fresh rock interface. The company intends to define resources in the saprolitic, detrital and tailings materials, which are amenable to simple earth-moving extraction. The metallurgical testing of the various ore materials is now complete. The test results will be reported when the final report becomes available. The previous mining of manganese ore at Matthews Ridge in the 1960's have produced a significant volume of tailings material, which did not meet commercial specifications at the time, but that was conveniently deposited next to the processing plant in a shallow valley. The company completed the sampling of this material by doing 119 holes using a manual Banka drill with six-inch casing. This work confirmed that the tailings cover has an average thickness of 0.86 m and the average grade of 208 samples assayed 15.62% Mn. Reunion has started the systematic trenching of its 5 km-long eastern extension discovery, as reported previously and referred to as "Arakaka". This program aims to define the extent and characteristics of manganese mineralization to the east of Hill 1, with the objectives of including mineralized material from this area in the global footprint resources.

 

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