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Unigold Inc. announces discovery of new gold zone
Unigold Inc. announces discovery of new gold zone.
About this update from Unigold Inc.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n\n\nDISSEMINATION IN THE UNITED STATES/\n\n\nTORONTO, June 11 /CNW/ - Unigold Inc. ("Unigold" or the "Company")\n(TSX-V: UGD) is pleased to announce the discovery of a new gold zone on the\neastern flank of the Montazo-Guano large alteration zone, nine kilometres\nnortheast of the Los Candelones high-sulfidation epithermal gold deposit. This\nnew zone, named Juan del Bosque after the geologist who discovered it, has\nbeen traced over a 900 metre strike length. Grab samples taken randomly over\nhalf a kilometre in length from outcropping barite-bearing advanced argillic\naltered rocks graded locally above 10 grams per tonne (g/t) gold (see results\nbelow). Furthermore, several angular barite-bearing silicified and argillized\nblocks have been discovered up to 300 metres east from the outcropping zone\nnortheast termination, thus extending the gold-zone possible strike length. A\nbroad gold in soil anomaly overlaps the whole Juan del Bosque zone. Soil\nsamples grading up to 0.6 g/t gold have been encountered.\n\n\n --------------------------------\n Sample number Gold g/t\n --------------------------------\n\n --------------------------------\n 93319 (greater than)10\n --------------------------------\n 93320 0.05\n --------------------------------\n 93318 0.01\n --------------------------------\n 5072 1.17\n --------------------------------\n 93321 2.63\n --------------------------------\n 93030 2.39\n --------------------------------\n 93315 .159\n --------------------------------\n 93322 1.31\n --------------------------------\n 93031 .392\n --------------------------------\n 93323 2.26\n --------------------------------\n 93313 1.81\n --------------------------------\n 93314 3.87\n --------------------------------\n 93316 (greater than)10\n --------------------------------\n 93029 11\n --------------------------------\n\n\nDiscovery of the Juan del Bosque zone by Unigold geologists results from\nfollow-up of an exploration model recently published for the giant\nPueblo-Viejo deposit (Sillitoe et al., 2007, Economic Geology, vol. 101, pp.\n1427-1435). Pueblo Viejo is a Dominican Republic high-sulfidation epithermal\ngold (19 million ounces)-silver-zinc deposit occurring in volcano-sedimentary\nbreccia and conglomerate as well as lacustr...