The Exploitation Concession Application review by the Directorate of Mines in the Dominican Republic has been completed and the application has moved to the…
Application for Exploitation License expected in Q1/2022Initiation of feasibility work underwayInitiation of Environmental and Social Impact Assessment is.
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Unigold Reports Results from Exploration Drilling at Neita Concession
June 09, 2021 06:45 ET | Source: Unigold Inc. Unigold Inc.
Seventeen drill holes tested six areas around the Candelones resource
Drilling has extended the strike of the Candelones Extension mineralization a further 200 meters to the east
Drilling at the Connector Zone identified a possible volcanic vent and returned elevated copper and zinc grades over broad, sustained intervals
TORONTO, June 09, 2021 (GLOBE NEWSWIRE) Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD, OTCQX:UGDIF, FSE:UGB1) reports its latest results from 17 exploration drill holes from Candelones on its 100% owned Neita concession in the Dominican Republic. The Company is awaiting assay information for a further 12 drillholes.
(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.