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Unigold Reports 8.0 Meters Averaging 4.27 g/t at Target B and 17.0 Meters Averaging 2.80 g/t Au at Target C, Candelones Extension Deposit
Drilling at the eastern targets has not only extended Target B by 40 metres to the east but also intersected the possible extension of Target A in the footwall
About this update from Unigold Inc.
[{"type":"text","content":" Drilling at the eastern targets has not only extended Target B by 40 metres to the east but also intersected the possible extension of Target A in the footwall behind Target B LP20-151 (Target B) intersected Target B epithermal mineralization which returned 8.0 meters averaging 4.27 g/t Au, 1.3 g/t Ag, 0.1% Cu and 0.6% Zn; LP20-151 also intersected a 39.0 meter interval of massive and semi-massive sulphide grading 0.71 g/t Au, which may be the extension of Target A, 60 meters downhole in the footwall below Target B This represents the longest interval of massive sulphide mineralization intersected outside the existing Target A footprint; Two step-out drill holes at Target C intersected 17.0 meters averaging 2.80 g/t Au, 12.0 g/t Ag, 0.2% Cu, 1.8% Zn and 46.0 meters averaging 1.66 g/t Au, 6.2 g/t Ag, 0.3% Cu and 1.6% Zn; Epithermal mineralization at Target C is within 100 meters of surface; TORONTO, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD; OTCQX: UGDIF; FSE: UGD1) is pleased to announce results from its ongoing exploration drilling at the Candelones Extension deposit, part of the Company’s 100% owned Neita Concession in the Dominican Republic. The Company has completed 16 drill holes (6,646 m) of the planned 15,000 meter program. Results for 2 drill holes have been previously reported. Joe Hamilton, Chairman and CEO of Unigold notes: “We have achieved our 2020 goal of completing delineation drilling of Targets A, B and C between surface and 300 meters depth. Our drilling program has transitioned to exploration drilling. Our objectives are to probe the limits of epithermal mineralization along strike and to depth. LP20-151 tested the 100 meter gap between Targets A and B. The unexpected 39.0 meter interval of massive sulphide mineralization intersected in the footwall behind the primary epithermal target in this area represents a new development that we believe indicates the potential to expand the current high grade systems along strike. As at Target A, this new massive sulphide zone is pyrite-rich with elevated gold and copper mineralization. This is the longest interval of sustained massive sulphide mineralization intersected outside the Target A area and more importantly it suggests that there is potential for additional resource expansion through the 100 meter gap between the tw...