Business
Unigold Inc. Reports 13.0 Meters Averaging 5.17 g/t Au at Target C, Candelones Extension Deposit
Step-out drilling successfully extends Target C a further 75 metres to the east and 75 metres to depth; LP20-170 (Target C) intersected 13.0 meters averaging 5.
About this update from Unigold Inc.
[{"type":"text","content":" Step-out drilling successfully extends Target C a further 75 metres to the east and 75 metres to depth; LP20-170 (Target C) intersected 13.0 meters averaging 5.17 g/t Au, 4.2 g/t Ag, 0.1% Cu and 1.67% Zn and a deeper intercept of 5.0 meters averaging 7.44 g/t Au, 10.0 g/t Ag, 0.47% Cu and 0.0% Zn; LP20-172 intersected 3.0 meters averaging 3.98 g/t Au, 2.2 g/t Ag, 0.1% Cu and 1.85% Zn and a deeper intercept of 4.0m averaging 7.18 g/t Au, 8.6 g/t Ag, 0.4% Cu and 0.0% Zn; Drilling between Target A and Target B shows continuity of mineralization across the 150 metre gap; LP153A (Target B) intersected 18.0 meters averaging 0.67 g/t Au with 0.27% Cu in a massive to semi-massive sulphide interval at depth; All drilling enhances the lower grade resource with long intersections between 60 and 175 meters of continuous mineralization; 22 exploration drill holes have been completed to date, with 12 awaiting results. TORONTO, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD; OTCQX: UGDIF; FSE: UGD1) is pleased to announce results from its ongoing exploration drilling at the Candelones Extension deposit, part of the Company’s 100% owned Neita Concession in the Dominican Republic. The Company has completed 31 drill holes (9,470 m) of the planned 15,000 meter program including 9 metallurgical holes (243 meters) at the Candelones Main and Connector zone targeting oxide and transition mineralization for additional test work. Drilling at Target C has been temporarily halted pending receipt of assay results but is expected to resume after the metallurgical holes are completed Drilling at Target B continues to test the 150 meter gap between Targets A and B at depth. Joe Hamilton, Chairman and CEO of Unigold notes: “These latest results expand the mineralization at Target C a full 75 meters east of the high grade core and once again have intersected two horizons. The most recent fence of holes intersected two sub-vertical zones of higher-grade mineralization. The confirmation of a second zone at Target C enhances to exploration potential at this high-grade target.” “Elsewhere, our exploration drilling at the gap between Targets A and B has once again hit an interval of massive to semi-massive sulphide mineralization. The horizon in LP20-153A has similar grades but is much deeper than the previous intercept in th...