The Prospector News

Unigold Intersects 9.5 Meters Averaging 14.14 G/t Au, 46.6 G/t Ag and 3.2% Zn at the Candelones Extension Deposit in the Dominican Republic

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Unigold Intersects 9.5 Meters Averaging 14.14 G/t Au, 46.6 G/t Ag and 3.2% Zn at the Candelones Extension Deposit in the Dominican Republic

 

 

 

 

 

Unigold Inc. (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. While this intercept is certainly remarkable, our re-logging of historical holes in this area has identified areas of anhydrite stockwork similar to what has been observed 800 meters to the east overlying the massive sulphide mineralization at Target A. These anhydrite stockwork zones seem to overlie the highest grade mineralization and imply that further mineralization may be discovered around Target C where drilling is sparse.”

Figure 1.0 – Cross Section Looking East – 25m View Window

 

QA/QC

 

Diamond drilling utilizes both HQ and NQ diameter tooling. Holes are established using HQ diameter tooling before reducing to NQ tooling to complete the hole. The core is received at the on-site logging facility where it is, photographed, logged for geotechnical and geological data and subjected to other physical tests including magnetic susceptibility and specific gravity analysis. Samples are identified, recorded, split by wet diamond saw, and half the core is sent for assay with the remaining half stored on site. A minimum sample length of 0.3 meters and a maximum sample length of 1.5 metres is employed with most samples averaging 1.0 meters in length except where geological contacts dictate. Certified standards and blanks are randomly inserted into the sample stream and constitute approximately 5-10% of the sample stream. Samples are shipped to a sample preparation facility in the Dominican Republic operated by Bureau Veritas. Assaying is performed at Bureau Veritas Commodities Canada Ltd.’s laboratory in Vancouver, B.C. Canada. All samples are analyzed for gold using a 50 gram lead collection fire assay fusion with an atomic adsorption finish. In addition, most samples are also assayed using a 36 element multi-acid ICP-ES analysis method.

 

Wes Hanson P.Geo., Chief Operating Officer of Unigold has reviewed and approved the contents of this press release.

 

About Unigold Inc.

 

Unigold is a Canadian based mineral exploration company traded on the TSX Venture Exchange, focused primarily on exploring and developing its gold assets in the Dominican Republic.

 

Posted March 4, 2020

Share this news article

MORE or "UNCATEGORIZED"


White Gold Corp. Intersects Additional Near Surface High-Grade Gold Mineralization of 8.94 g/t Gold over 18.29m including 21.73 g/t Gold over 6.10m Extending Mineralization Along Strike at the Betty Ford Target, Yukon, Canada

White Gold Corp. (TSX-V: WGO) (OTCQX: WHGOF) (FRA: 29W) is please... READ MORE

December 8, 2022

Appia Announces Final Closing of Non-Brokered Private Placement Financing for a Total of $3,666,000

Appia Rare Earths & Uranium Corp. (CSE:API) (OTCQX:APAAF) (Ge... READ MORE

December 8, 2022

Defense Metals Closes Oversubscribed Private Placement of $6.1 Million

Defense Metals Corp. (TSX-V: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased ... READ MORE

December 8, 2022

Mayfair Gold Reports 1.85 g/t Gold over 130.5m Including 5.14 g/t Au over 29.2m from Fenn-Gib Drill Program

105,500m of 110,000m Infill and Expansion Drill Program Complete... READ MORE

December 8, 2022

HighGold Mining Intersects 15.5 Meters at 4.04 g/t Gold Equivalent in Step-out drilling at Ellis Zone Discovery, Johnson Tract Project, Alaska

Including 25.70 g/t Gold, 0.81% Zinc over 1.5 meters HighG... READ MORE

December 8, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News