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Unigold Intersects 38.0 meters averaging 2.43 g/t Au at the Candelones Extension Deposit in the Dominican Republic
Toronto, Ontario--(Newsfile Corp. - February 27, 2020) - Unigold Inc. (TSXV: UGD) ("Unigold" o...
About this update from Unigold Inc.
[{"type":"text","content":"Unigold Intersects 38.0 meters averaging 2.43 g/t Au at the Candelones Extension Deposit in the Dominican RepublicExtends mineralization towards surfaceToronto, Ontario--(Newsfile Corp. - February 27, 2020) - Unigold Inc. (TSXV: UGD) (\"Unigold\" or the \"Company\") 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.Holes LP19-140 and 142 were drilled from a common collar and targeted to test the up-trend continuity of Target B towards surface at about a 100 m depth. Both holes intersected broad widths of mineralization with LP19-140 returning 38.0 meters averaging 2.43 g/t Au, 48.2 g/t Ag, 0.15% Cu and 1.66% Zn at the andesite-dacite contact. LP19-142, approximately 20 meters to the west; intersected the same contact mineralization, returning 60.4 meters averaging 1.51 g/t Au, 5.1 g/t Ag, 0.07% Cu and 0.77% Zn. The silver and zinc encountered in both holes is characteristic of mineralization found at the edges of Target B. Both holes continued to depth to test the deeper parts of the Andesite-Dacite contact region and intersected disseminated footwall mineralization similar to that encountered elsewhere around Target B. These intercepts were well into the footwall but suggest that contact mineralization is persistent to depth, below the level of current drilling (Ref. Figure 1.0).Holes LP19-141 and 143 were infill holes drilled from a common collar location bracketing the massive to semi-massive sulphide mineralization in LP16-101 (28.6 meters averaging 2.61 g/t Au, 0.44% Cu), (Ref. Figure 1.0). LP19-141 intersected pyrite-rich stringer mineralization returning 45.0 meters averaging 1.00 g/t Au with 0.36% Cu. LP19-143 intersected semi-massive, pyrite-rich sulphides returning 4.20 meters averaging 1.58 g/t Au with 0.60% Cu. The stringer and fracture fill replacement mineralization suggests both holes intersected the edge of the massive sulphide lens that was intersected by LP16-101.Joe Hamilton, Chairman and CEO of Unigold, notes: \"These latest results confirm the upward extension of Target B, into areas that were previously thought to be barren. At Target A, LP19-141 and 143 both intersected the signature, pyrite dominant, Au-Cu rich sulphide mineralization defining Target A but appear to have passed over...