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NW EXTENSION PROJECT

SURINAME

NW EXTENSION PROJECT 

Reunion Gold’s NW Extension Project sits in a little explored section of the northern greenstone belt of Suriname, well known for its gold mineralization endowment. 

Location

 

The NW Extension Project is located 60 kilometers to the west-southwest of the capital Paramaribo, and 70 kilometers northwest of the Rosebel mine (Figure 1), and can be accessed by logging trails.

 

Mineral rights and agreement

 

The NW Extension Project comprises rights of exploration licenses with a surface of 925 square  kilometers. The mineral rights are under option from a Surinamese company for an initial period of 11 years. Upon exercise of the option to acquire 100% of the project, the rights holder would retain a 0.25% net smelter royalty. Barrick Gold Corporation ("Barrick") has opted to include the Project in its Strategic Alliance with Reunion and the exploration costs will be funded on a 50:50 basis between the two companies.

 

Geology and mineralization

 

The interpretation of available geophysical data indicates that the large, greenstone belt-scale geological structures associated with gold mineralization at the Rosebel gold deposit extend to the northwest under cover of recent sediments, underlying the Project area footprint. 

 

Exploration work

The Alliance partners are planning to conduct a detailed airborne magnetic survey in the first quarter of 2021. Targets generated by this survey may be tested by drilling.  

Figure 1: Location map of the NE Extension Project rights of exploration, showing the greenstone belts of eastern Suriname (green) with interpreted geological structures related to gold mineralization in the region (dashed grey lines). Also shown are the Rosebel, Saramaca and Merian gold deposits.

Figure-1-Location_map_of_the_NE_Extensio