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: | 8/16/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-8-2016: Unigold Inc. announces an Exploration/Drilling Update report for its Candelones Extension deposit at the Neita project. Drilling results incl. 15.0m @ 3.2g/t Au, 6.4g/t Ag, 0.1% Cu, 0.7% Zn from 160.0m. Toronto, Ontario, August 16, 2016 – Unigo | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Wes Hanson (Internal) | |
| ABSTRACT: | Toronto, Ontario, August 16, 2016 – Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD) is pleased to announce that exploration drilling at the Candelones Extension deposit, within the Company’s 100% owned Neita Concession in the Dominican Republic, has intersected high grade precious and base metal mineralization west of Target C (UGD PR# 2016-05) in an untested area within the current resource limits. Two holes, collared on Section 1150 East (Ref. Figure 1.0), have extended the mineralization at Target C twenty five (25) metres to the west of LP16-105. The holes targeted an undrilled area south of the andesite – dacite contact (Ref. Figure 1.0) and up plunge along an interpreted high grade corridor (Ref. Figure 3.0). Joseph Del Campo, Interim President and CEO of Unigold, notes: “We are very pleased with the initial results from our current exploration drill program. The results support our working model of an easterly plunging system that appears to constrain higher grade mineralization over the defined strike length of the deposit (1,100 metres). These latest results have expanded the footprint of the Candelones Extension deposit to the west where it was originally interpreted to have been truncated. The mineralization remains open to the west offering a potential exploration target for future drill programs. We are continuing the systematic exploration at the three targets identified earlier this year with the objective of increasing the size and grade of the Candelones Extension deposit. The results from this program will be evaluated and targets will be prioritized Hole From (m) To (m) Interval (m)(1) Au (g/t) Ag (g/t) Cu (%) Zn (%) LP16-108 164.0 204.0 40.0 0.6 1.5 0.2 0.0 including 190.0 197.0 7.0 1.3 2.2 0.3 0.0 LP16-109 160.0 175.0 15.0 3.2 6.4 0.1 0.7 including 165.0 169.0 4.0 10.1 20.9 0.2 2.4 (1) Interval Width is measured down hole and is not True Width. There is insufficient data to estimate True Width at this time. 2 once this phase of exploration is completed. The drill has been relocated to test the interpreted vertical feeder at Target C, below holes LP52 and LP57.” | |
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