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Unigold Inc.
Summary
| Project: | Neita | |
|---|---|---|
| Deposit: | Candelones Extension | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 2/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-2-2019: Unigold Inc. announces an Exploration/Drilling Update report for its Candelones Extension deposit at the Neita project. Drilling results incl. 28.00m @ 0.3g/t Au from 0m. A total of eleven (11) verification test pits, at or immediately adjacent | |
| Resources: | (Resource, Inf): 3.5Mt @ 0.98g/t Au for 112000oz Au for Open pit (Oxides) | |
| CP/QP: | [Overall Report]: Wes Hanson (Internal) | |
| ABSTRACT: | A total of eleven (11) verification test pits, at or immediately adjacent to historical drill holes, indicate an increase in grade relative to the drill hole results. Results from twenty (20) exploration pits indicates that the oxide mineralization remains open to the south and west and further exploration is warranted to establish the limit of the oxide mineralization. Joseph Del Campo, Interim President and CEO of Unigold commented, “We are very encouraged by the results of this initial test pit program evaluating the oxide mineralization at Candelones. The results indicate that the drill hole results under report the gold content due to core loss. The test pit results indicate minimal variability between samples collected within individual pits as well as between pits immediately adjacent to each other. In 2007, metallurgical test work, completed by SGS Lakefield on a composite sample of oxide material, indicated gold recovery of 96%. The current oxide footprint is approximately 180,000 m 2 and drilling indicates that the oxide ranges from 15 to 20 metres in thickness. The test pit program demonstrated that the initial 5.0 meters of oxide mineralization can be excavated without requiring drilling and blasting. We continue to evaluate the test pit results to better understand the potential impact of these results on the Candelones Project.” | |
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