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Unigold Intersects 8.0 Metres Grading 9.4 g/t Au and 0.9% Cu
TORONTO, ONTARIO--(Nov. 2, 2016) - Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) is pleased to announce results from ongoing exploration drilling
About this update from Unigold Inc.
[{"type":"text","content":"TORONTO, ONTARIO--(Nov. 2, 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 a further six holes testing the A and B targets at the Candelones Extension deposit. (Ref. Figure 1.0). LP16-118 (Target A) targeted massive sulphide mineralization 25 metres west of LP15-93: 15.7m @ 7.5 g/t Au; 1.1% Cu (UGD PR# 2016-01) and 50 metres above LP16-114: 21.2m @ 6.0 g/t Au; 0.9% Cu (UGD PR# 2016-13). LP16-118 intersected 5.7m @ 3.8 g/t Au; 1.2% Cu within a broader interval of 94.0m @ 1.5 g/t Au; 0.3% Cu. The results continue to expand the gold-copper rich massive sulphide horizon to the west. (Ref. Figures 2.0 and 3.0). Holes LP16-119 through 123 were designed to test the lateral extent of stacked gold-silver-zinc and gold-copper mineralization intersected by holes LP28: 15.0m @16.4 g/t Au; 26.7 g/t Ag; 0.3% Cu; 2.4% Zn and 5.0m @8.8 g/t Au; 7.3 g/t Ag; 1.3% Cu; 0.3% Zn and LP16-100: 9.5m @ 2.4 g/t Au; 18.8 g/t Ag; 0.2% Cu; 4.3% Zn and 12.0m @ 7.5 g/t Au; 5.1 g/t Ag; 1.4% Cu; 1.3% Zn (UGD PR# 2016-03). LP16-120, drilled 15m below LP28, intersected: 18.8m @ 2.0 g/t Au; 3.4 g/t Ag; 0.1% Cu; 0.7% Zn and a deeper gold-copper rich zone returning 6.7m @ 3.3 g/t Au; 6.6 g/t Ag; 1.9% Cu; 0.2% Zn within a broader interval of 124.3m @ 0.9 g/t Au; 1.4 g/t Ag; 0.2% Cu; 0.3% Zn. LP16-123, on the same section as LP16-120 and 25m deeper intersected 14.7m @ 6.5 g/t Au; 2.4 g/t Ag; 0.9% Cu; 2.4% Zn and 8.0m @ 9.4 g/t Au; 3.2g/t Ag; 0.9% Cu and 0.0% Zn within a broader interval of 95.6m @ 1.8 g/t Au; 1.8 g/t Ag; 0.2% Cu; 0.9% Zn. Table 1.0 summarizes the analytical results for all six holes disclosed in this Press Release. Joseph Del Campo, Interim President and CEO of Unigold notes: \"These latest results continue to demonstrate the excellent potential of the Candelones Extension deposit. We continue to intersect broad intervals of 1.0 to 1.5 g/t Au over several tens of metres below the andesite-dacite contact, increasing both the size and the confidence level of our initial mineral resource estimate completed in 2013. More importantly, we continue to delineate zones of higher grade mineralization that historical wide-space...