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Unigold adds 200,000 gold ounces to its Candelones project in newly released resource estimate
Candelones contains measured and indicated resources of 24 million tons averaging 1.50 g/t containing 1,158,000 gold ounces Additional resources in the inferred category includes 25.4 million tons averaging 1.34 g/t gold for nearly 1.1 million ounces
Unigold Inc (CVE:UGD) (OTCQX:UGDIF) (FRA:UGB1) unveiled a new mineral resource estimate for its Candelones project that added nearly 200,000 ounces of gold to the resource.
Candelones, part of the company’s Neita Concession in the Dominican Republic, now contains measured and indicated resources of 24 million tons averaging 1.50 grams per ton (g/t) containing 1,158,000 gold ounces.
Follow Angela on:
Unigold adds 200,000 gold ounces to its Candelones project in newly released resource estimate
Candelones contains measured and indicated resources of 24 million tons averaging 1.50 g/t containing 1,158,000 gold ounces Additional resources in the inferred category includes 25.4 million tons averaging 1.34 g/t gold for nearly 1.1 million ounces
Unigold Inc (CVE:UGD) (OTCQX:UGDIF) (FRA:UGB1) unveiled a new mineral resource estimate for its Candelones project that added nearly 200,000 ounces of gold to the resource.
Candelones, part of the company’s Neita Concession in the Dominican Republic, now contains measured and indicated resources of 24 million tons averaging 1.50 grams per ton (g/t) containing 1,158,000 gold ounces.
(2)
Drilled interval reported includes 44.0m of barren dike material, the grade of which has been assumed to be 0.00 for all metals.
(3)
Drilled interval reported includes 10.0m of barren dike material, the grade of which has been assumed to be 0.00 for all metals.
Holes LP20-167, LP20-169 and LP20-165 (previously reported in PR 2021-03), were drilled as a fence of holes in a SW direction, perpendicular to the dominant NW drill orientation. This alignment roughly parallels the andesite-dacite contact which is interpreted to control the low-grade mineralization halo. The holes were designed to test interpreted high-angle northwest to northeast trending fault zones that disrupt the high grade mineralization at both Targets A and B while providing intersections of both Target A and Target B. All three holes intersected evidence of faulting (Ref. Figure 2.0) which is currently being assessed prior to positioning follow-up drill holes.
Unigold hits high-grade mineralisation at depth on Neita concession in the Dominican Republic
Drill crew at the Candelones Extension deposit on the Neita concession in the Dominican Republic. Credit: Unigold.
Unigold (TSXV: UGD; US-OTC: UGDIF) has released the latest drill results from its exploration program at the Candelones Extension deposit, part of the company’s wholly-owned Neita concession in the Dominican Republic, 220 km northwest of the capital Santo Domingo.
Highlights included drillhole LP20-165, which returned 7 metres grading 21.89 grams gold per tonne, 17.46 grams silver per tonne, 2.68% copper, and 0.78% zinc from 458 metres.
Drilled on Target B, one of three epithermal gold veins identified on the deposit, the hole intersected the deepest and highest-grade interval to date at this target, extending the mineralisation a further 100 metres to depth.
Unigold Intersects 7 0 meters averaging 21 9 g/t gold and 2 7% copper at Candelones Extension Deposit yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.