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Unigold Inc.
Summary
| Project: | Neita | |
|---|---|---|
| Deposit: | Candelones Extension | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 3/23/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-3-2020: Unigold Inc. announces an Exploration/Drilling Update report for its Candelones Extension deposit at the Neita project. Drilling results incl. 145m @ 1.97g/t Au, 6.2g/t Ag, 0.07% Cu, 0.58% Zn from 133m. Toronto, Ontario, March 23, 2020 – Unigol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Toronto, Ontario, March 23, 2020 – Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD) is pleased to announce results from its ongoing drill program at the Candelones Extension deposit, part of the Company’s 100% owned Neita Concession in the Dominican Republic. LP20-148 and LP20-150 were step out holes targeted at the western end of the proposed pit in order to follow high grade mineralization to depth and along strike. Previous drilling in this area had returned high grade mineralization within 60 metres of surface in LP52 (15.8 meters averaging 11.36 g/t Au, 38.3 g/t Ag, 0.36% Cu and 5.11% Zn) and in LP20-146 (9.5 meters averaging 14.14 g/t Au, 46.6 g/t Ag, 0.26% Cu and 3.2% Zn) (Ref. Figure 1.0). The current holes were collared to the south and west, and positioned to extend this mineralization to depth. LP20-148, 25 meters to the south of LP52, intersected 18.5 meters averaging 10.18 g/t Au, 4.5 g/t Ag, 0.19% Cu and 1.53% Zn within a broader interval of 74.7 meters averaging 3.41 g/t Au, 3.7 g/t Ag, 0.07% Cu and 0.56% Zn. Mineralization starts at about 60 metres below surface. This hole extends the high grade mineralization found at the andesite-dacite contact and is once again accompanied into the footwall by a broad halo of disseminated gold mineralization. | |
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