Page 22 - Bullion World Volume 3 Issue 4 April 2023

Bullion World | Volume 3 | Issue 4 | April 2023

Government of Guyana transferring at the University of Guyana
ownership of the project to RGD • Commencement of student
Strengthened senior management apprenticeships (to be
team with new VP Exploration in expanded in 2023) • Local
August 2022. Community Medical Outreach
Reunion Gold • Malaria testing & treatment
Reunion Gold is an exploration Two-Pronged strategy facilitation through the project’s
company focused on the Guiana 1. Drill out the Kairuni zone medical clinic, in partnership
Shield in South America. In 2020 leading to MRE by mid-year with the Government of
the Company made a major and move to de-risk the project Guyana. Successful reduction
discovery at Oko West in Guyana by completing a PEA in local malaria cases at Oko
2. Continue to aggressively and the surrounding area.
• Oko West is 100% owned and explore the remaining 3 highly • First aid treatment facility
has no back-in rights prospective targets on the (Company doctor & nurse)
• Drilling at Oko West has property with the goal of adding available to assist local
continued at an ever- any additional ounces found emergencies around the Oko
accelerated pace since that into a potential development Project. Plans for 2023
time. scenario • Development of a stakeholder
Significant increase in the mapping & engagement
mineralized envelope at Oko West ESG Activities- strategy
to over 2km in strike and 575 m • Completion of wet & dry • Exploration site rehabilitation
deep RGD Successfully raised season biodiversity, water & reforestation (in partnership
CAD$ 48M capital in February quality, and baseline surveys with the Guyana Forestry
and July 2023 –a strong treasury • Annual Bursaries for tertiary Commission
of ~ CAD$ 44 M Significantly education in Geological
ramped up drill capacity to 5 DD, Science studies SOURCE- https://www.
and 2 RC Exercised property • Donation of 10 bursaries, reuniongold.com/_
option agreement and received totalling $15,000, to cover files/ugd/62921a_2d369f11673a
Prospecting License from the annual tuition fees for students 44f1990204fa7d3eb459.pdf

Some of the latest • Post-Tax NPV (5%) of $726
developments are as million and IRR of 39% (15
New-Pacific Metals Corp.- follows:- million ounces)
Located in Yukon, Canada, New Silver Sand Project- A large pure • Total capital costs of $327
Pacific Metals Corp. is a Canadian silver deposit amenable to open million
exploration and development pit & tank leach operation 2022 • Average LOM operating cash
company. Via the 100% acquisition Preliminary Economic Assessment cost of US$8.45/oz silver
of Tagish Lake Gold Corp., which (PEA): • Total all-in sustaining cost of
is still operating as a wholly owned • 4 million tonnes per year US$10.42/oz silver
subsidiary of New Pacific, the throughput
Tagish Lake Gold Project was • Production of 171Moz payable Carangas Project- An extensive
bought by New Pacific in 2010. silver over 14 years of mine life silver horizon above a thick gold
The Tagish Lake Gold Project is a • Post-tax NPV (5%) US$726M & deposit
collection of 1,512 gold claims that IRR 39. 2021: Drilled 35 holes in 13,000 m,
span around 254 square kilometres and discovered a 1,000 m by 800
and is situated 80 kilometres The Preliminary Economic m silver horizon overlying a broad
south of Whitehorse, Yukon, via Assessment (PEA) for the Silver gold zone.
road. A 300-tonne per-day mill, a Sand project is authored by AMC
tailings reclamation facility, support Mining Consultants (Canada) Ltd. 2022: over 50,000 m in 115 drill
facilities, an all-weather 50-person and was released on January 9, holes completed and every hole hit
camp, substantial underground 2023; highlights include: silver or gold.
workings, and roads to each • Open pit mining strip ratio 3.6:1
project are among the property's • Processing throughput: 4 2023: plans to drill 15,000 m in Q1,
infrastructure. million tonnes per year MRE expected in Q2.

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