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Unigold Inc.
Summary
| Project: | Neita | |
|---|---|---|
| Deposit: | Candelones Extension | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 2/27/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-2-2020: Unigold Inc. announces an Exploration/Drilling Update report for its Candelones Extension deposit at the Neita project. Drilling results incl. 231.40m @ 1.11g/t Au, 2.7g/t Ag, 0.12% Cu, 0.37% Zn from 180.10m. Toronto, Ontario, Feb 27, 2020 – Un | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Wes Hanson (Internal) | |
| ABSTRACT: | Toronto, Ontario, Feb 27, 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. Holes LP19-140 and 142 were drilled from a common collar and targeted to test the up-trend continuity of Target B towards surface at about a 100 m depth. Both holes intersected broad widths of mineralization with LP19-140 returning 38.0 meters averaging 2.43 g/t Au, 48.2 g/t Ag, 0.15% Cu and 1.66% Zn at the andesitedacite contact. LP19-142, approximately 20 meters to the west; intersected the same contact mineralization, returning 60.4 meters averaging 1.51 g/t Au, 5.1 g/t Ag, 0.07% Cu and 0.77% Zn. The silver and zinc encountered in both holes is characteristic of mineralization found at the edges of Target B. Both holes continued to depth to test the deeper parts of the Andesite-Dacite contact region and intersected disseminated footwall mineralization similar to that encountered elsewhere around Target B. These intercepts were well into the footwall but suggest that contact mineralization is persistent to depth, below the level of current drilling (Ref. Figure 1.0). | |
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