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Unigold Intersects 30.0 meters averaging 9.02 g/t Au at Candelones Extension Deposit in the Dominican Republic
Unigold reports the longest, highest grade intersection drilled to date at Neita: 30 metres averaging 9.02 g/t gold, 5.1 g/t silver, 0.63% copper Intercept is c
About this update from Unigold Inc.
[{"type":"text","content":" Unigold reports the longest, highest grade intersection drilled to date at Neita: 30 metres averaging 9.02 g/t gold, 5.1 g/t silver, 0.63% copper Intercept is contained within a larger interval of 104.1 metres grading 3.14 g/t gold, 2.1 g/t silver, 0.27% Cu. Gold grades are consistent throughout the interval, ranging from 4 g/t to 19 g/t gold Geological interpretation that system is strengthening to depth is reinforced by this result System is open to depth: deepest intercept is 350m below surface 15,000 m drill program expected to commence within the next 10 days TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD) is pleased to announce additional results from its completed Phase 1 drill program at the Candelones Extension deposit, part of the Company’s 100% owned Neita Concession in the Dominican Republic. Drill hole LP20-147 intersected 104.1 meters averaging 3.14 g/t Au, 2.1 g/t Ag, 0.27% Cu and 0.01% Zn with a sulphide intersection of 30.0 meters averaging 9.02 g/t Au, 5.1 g/t Ag, 0.63% Cu and 0.00% Zn (Ref. Table 1.0 and Figure 1.0). The Company notes that six (6) over limit results for copper are pending. It is not anticipated that the over limit results will cause a material change in copper grade. The gold, silver and copper mineralization over the entire 30-meter intersection is consistent (see Table 1) and no samples required cutting to calculate weighted average grades. LP20-147 was drilled to fill a gap between holes LP15-96 (34.0 meters averaging 4.15 g/t Au, 0.40% Cu) and LP16-124 (5.9 meters averaging 11.8 g/t Au, 0.20% Cu). The intercept has likely increased the geological confidence (resource classification) of this area within the easternmost sulphide mineralization recognized to date at Neita. Joe Hamilton, Chairman and CEO of Unigold notes: “LP20-147 is the longest, highest grade intercept that has been returned from the Neita concession. The hole was placed to convert a significant portion of the current inferred mineral resource to at least indicated status and it is our opinion that we successfully achieved our objective. The hole suggests that sulphide mineralization may have a steeper plunge to the northeast than originally interpreted but most importantly, it suggests that the system is strengthening to depth. The top of ...