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Unigold Intersects 9.5 Meters Averaging 14.14 G/t Au, 46.6 G/t Ag and 3.2% Zn at the Candelones Extension Deposit in the Dominican Republic
Toronto, Ontario--(Newsfile Corp. - March 4, 2020) - Unigold Inc. (TSXV: UGD) ("Unigold" or ...
About this update from Unigold Inc.
[{"type":"text","content":"Unigold Intersects 9.5 Meters Averaging 14.14 G/t Au, 46.6 G/t Ag and 3.2% Zn at the Candelones Extension Deposit in the Dominican RepublicToronto, Ontario--(Newsfile Corp. - March 4, 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.LP20-146 intersected 50.0 meters averaging 4.19 g/t Au, 15.6 g/t Ag, 0.26% Cu and 1.5% Zn including 9.5 meters averaging 14.14 g/t Au, 46.6 g/t Ag, 0.26% Cu and 3.2% Zn. This hole targeted the near surface, high grade mineralization initially intersected in hole LP52 (15.8 meters averaging 11.36 g/t Au, 38.3 g/t Ag, 0.36% Cu and 5.11% Zn)(Ref. Figure 1.0).Joe Hamilton, Chairman and CEO of Unigold notes: \"This hole delivers the first results from Target C for this drill campaign and follows from the high-grade results intersected at both Targets A and B. Target C is the third zone within the Candelones Extension resource footprint. LP20-146, intersected the top of the zone at about 75 metres below surface. We estimate the true thickness of the mineralization to be 45 meters with an average gold equivalent grade of 5.38 g/t. This remains open to the north and at depth. Like other intercepts reported to date, a high-grade core is surrounded by a larger envelope of lower-grade mineralization. While this intercept is certainly remarkable, our re-logging of historical holes in this area has identified areas of anhydrite stockwork similar to what has been observed 800 meters to the east overlying the massive sulphide mineralization at Target A. These anhydrite stockwork zones seem to overlie the highest grade mineralization and imply that further mineralization may be discovered around Target C where drilling is sparse.\"Figure 1.0 - Cross Section Looking East - 25m View WindowTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6915/53129_5fb29d7094db0827_004full.jpgQA/QCDiamond drilling utilizes both HQ and NQ diameter tooling. Holes are established using HQ diameter tooling before reducing to NQ tooling to complete the hole. The core is received at the on-site logging facility where it is, photographed, logged for geotechnical and geological data and subjected to other phy...