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Unigold Inc.
Summary
| Project: | Neita | |
|---|---|---|
| Deposit: | Candelones Extension | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 3/4/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-3-2020: Unigold Inc. announces an Exploration/Drilling Update report for its Candelones Extension deposit at the Neita project. Drilling results incl. 50m @ 4.19g/t Au, 15.6g/t Ag, 0.26% Cu, 1.5% Zn. Toronto, Ontario, March 4, 2020 – Unigold Inc. (“Unig | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Toronto, Ontario, March 4, 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. LP20-146 intersected 50.0 meters averaging 4.19 g/t Au, 15.6 g/t Ag, 0.26% Cu and 1.5% Zn including 9.5 meters averaging 14.14 g/t Au, 46.6 g/t Ag, 0.26% Cu and 3.2% Zn. This hole targeted the near surface, high grade mineralization initially intersected in hole LP52 (15.8 meters averaging 11.36 g/t Au, 38.3 g/t Ag, 0.36% Cu and 5.11% Zn)(Ref. Figure 1.0). Joe Hamilton, Chairman and CEO of Unigold notes: “This hole delivers the first results from Target C for this drill campaign and follows from the high-grade results intersected at both Targets A and B. Target C is the third zone within the Candelones Extension resource footprint. LP20-146, intersected the top of the zone at about 75 metres below surface. We estimate the true thickness of the mineralization to be 45 meters with an average gold equivalent grade of 5.38 g/t. This remains open to the north and at depth. Like other intercepts reported to date, a high-grade core is surrounded by a larger envelope of lower-grade mineralization | |
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