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Unigold Intersects 5.9 Metres Averaging 11.8 g/t Au with 0.2% Cu and 211.3 metres averaging 1.0 g/t Au; 2.4 g/t Ag; 0.1% Cu and 0.5% Zn at Candelones Extension Deposit
TORONTO, ONTARIO--(Marketwired - Dec. 15, 2016) - Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) is pleased to announce results from ongoing explor
About this update from Unigold Inc.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - Dec. 15, 2016) - Unigold Inc. (\"Unigold\" or the \"Company\") (TSX VENTURE:UGD) is pleased to announce results from ongoing exploration drilling at the Candelones Extension deposit, within the Company's 100% owned Neita Concession in the Dominican Republic. The Company has received results from five holes testing Targets A and B of the Candelones Extension deposit. (Ref. Figure 1.0). Holes LP16-124, 126 and 127 were designed to test the high grade gold-copper rich massive sulphides (\"Target A\") between holes LP16-96: 34.0 metres @ 4.2 g/t Au; 0.4% Cu and LP16-101: 9.8 metres @ 3.1 g/t Au; 0.6% Cu. LP16-124, targeted 25 metres below LP16-96, intersected semi-massive and net textured pyrite dominated massive sulphides assaying 5.9 metres @ 11.8 g/t Au; 0.2% Cu within a broader mineralized interval of 134.0 metres @ 0.8 g/t Au; 0.1% Cu. The mineralization was intersected 75 metres lower than anticipated, suggesting either faulting or en echelon repetition of massive sulphide mineralization. Holes LP16-126 and 127, each a 30 metre step out to the east of LP16-124, failed to intersect any sustained massive sulphide mineralization, returning low grade mineralization over several tens of metres associated with widely dispersed stringers of pyrite. It is believed that the massive sulphide mineralization may be either down faulted to the east or possibly a second lens of massive sulphide is developing as the initial lens pinches out given that both LP16-101, 75 metres east of Section 2050 E and LP16-124 intersected massive sulphide mineralzation 50 - 75 metres below the initial massive sulphide lens (Ref. Figure 2.0). LP16-125 was an exploration hole testing an interpreted strike slip fault offset of the Target A massive sulphide mineralization to the north. The hole failed to intersect any sustained massive sulphide mineralization, intersecting the interpreted fault earlier than anticipated (Ref. Figure 1.0 and 2.0). LP16-128 was a vertical hole drilled to evaluate the continuity and observed metal zonation at Target B. The hole intersected 211.3 metres @ 1.0 g/t Au; 2.4 g/t Ag; 0.1% Cu and 0.5% Zn including 24.4 metres @ 3.2 g/t Au; 13.8 g/t Ag; 0.2% Cu and 2.9% Zn. The hole then passed into weakly mineralized dacite tuff for 65 metres before intersecting fragments of pyrite rich massive sulphide tha...