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Unigold Intersects 15.3 meters averaging 5.75 g/t Au at the Candelones Extension Deposit in the Dominican Republic
TORONTO, Jan. 24, 2020 (GLOBE NEWSWIRE) -- Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD) is pleased to announce results from its ongoing drill program a
About this update from Unigold Inc.
[{"type":"text","content":" TORONTO, Jan. 24, 2020 (GLOBE NEWSWIRE) -- Unigold Inc. (“Unigold” or the “Company”) (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. Hole LP19-137, testing massive sulphide mineralization at Target A (Ref. Figures 1.0 and 2.0); intersected massive to semi-massive mineralization over 15.3 meters that graded 5.75 g/t Au and 0.52% Cu within a larger 43.1 meter interval that averaged 2.79 g/t Au and 0.25% Cu. Joe Hamilton, Chairman and CEO of Unigold notes: “Results continue to demonstrate the sulphide potential of the Candelones Extension deposit. All the holes completed to date, with the exception of LP19-136 which was lost during drilling, have returned intercepts of approximately 100 meters in drilled length at average grades in excess of 1.0 g/t Au. More importantly, these holes have also returned drilled intervals of several tens of meters averaging 4.0 to 6.0 g/t Au. These results are some of the best to date at the Candelones Extension deposit and once again show minimal variability in terms of grade and geometry within the gold-copper rich massive sulphide target. We have completed the metallurgical bulk sample collection and have switched our focus towards infill drilling to the east, tracing the defined massive sulphide trend at Target A. Our second drill is focused on step out holes probing the vertical extent of Target B. We were particularly encouraged to note the presence of gold and copper rich massive sulphide mineralization at Target B, intersected in hole LP19-135. This suggests that there may be potential for the two high grade systems to coalesce at depth. We believe that the 500 meter distance between Target B and Target A is now prospective for extensions of the system at depth. We are also encouraged by the observation that both gold grade and interval lengths are increasing as we track deeper at Target B.” LP19-137 was targeted to bisect holes LP15-95 (6.19 g/t Au, 0.6% Cu over 34.0 meters) and LP15-96 (4.15 g/t Au. 0.4% Cu over 34.0 meters). LP19-136 was targeted 75 meters below LP19-135 (6.03 g/t Au, 4.9 g/t Ag, 0.31% Cu and 0.10% Zn over 23.7 meters) but failed to reach target depth and was lost just as it entered the zinc-rich boundary of the mineralized zone....