For thousands of other reports visit RSC's Mineral Intellingence Map
Unigold Inc.
Summary
| Project: | Neita | |
|---|---|---|
| Deposit: | Candelones Extension | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 11/12/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-11-2019: Unigold Inc. announces an Exploration/Drilling Update report for its Candelones Extension deposit at the Neita project. Drilling results incl. 136.7m @ 1.94g/t Au, 0.2% Cu from 244.3m. TORONTO, Nov. 12, 2019 -- Unigold Inc. (“Unigold” or the “ | |
| Resources: | (Resource, Inf.): 39.493Mt @ 1.59g/t Au at Candelones | |
| CP/QP: | [Overall Report]: Wes Hanson (Internal) | |
| ABSTRACT: | TORONTO, Nov. 12, 2019 -- Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD) is pleased to announce initial results from the first hole of the Company’s 2019 Exploration Program at the 100% owned Neita Concession in the Dominican Republic. LP19-131M intersected three distinct massive sulphides intervals within a broad mineralized interval that assayed 1.94 g/t Au and 0.2% Cu over 136.7 m (Ref. Table 1.0). The thickest zone of massive sulphide mineralization assayed 5.67g/t Au and 0.4% Cu over 25.0 meters within a larger interval of 58.4 meters grading 4.05 g/t Au and 0.4% Cu. The package of massive sulphides is preferentially enriched in silver-zinc at the top of the intersection, and transitions to a gold-copper style of mineralization at the base. LP19-131M follows up on our successful 2016 drilling of hole LPMET-01 (6.93 g/t Au; 0.6% Cu over 22.0m – UGD PR# 2016-01) and LP15-95 (6.19 g/t Au; 0.6% Cu over 31.9m - UGD PR# 2016-02) (Ref. Figure 1.0). LP19-131M is the first of three infill drill holes targeting massive sulphide mineralization to provide bulk sample material for metallurgical testing. The holes are positioned to increase the confidence level of the inferred mineral resource by reducing drill separation which should allow the resource to be upgraded to the measured and/or indicated classification. Samples of approximately 200 kgs of split core will be collected and submitted for metallurgical testing to establish a preliminary flow sheet and process plant design. The metallurgical test work will be completed under the direction of Richard Gowans, P.Eng., President and Principal Metallurgist, Micon International Ltd. Results will be reported in 2020. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report