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Unigold Reports Results from Exploration Drilling at Neita Concession
Seventeen drill holes tested six areas around the Candelones resource Drilling has extended the strike of the Candelones Extension mineralization a further 200
About this update from Unigold Inc.
[{"type":"text","content":" Seventeen drill holes tested six areas around the Candelones resource Drilling has extended the strike of the Candelones Extension mineralization a further 200 meters to the east Drilling at the Connector Zone identified a possible volcanic vent and returned elevated copper and zinc grades over broad, sustained intervals TORONTO, June 09, 2021 (GLOBE NEWSWIRE) -- Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD, OTCQX:UGDIF, FSE:UGB1) reports its latest results from 17 exploration drill holes from Candelones on its 100% owned Neita concession in the Dominican Republic. The Company is awaiting assay information for a further 12 drillholes. In February 2021, drilling transitioned from largely infill holes towards testing geophysical anomalies around the defined mineralization at Candelones. These targets covered a number of prospective areas that were largely ignored over the past drilling. Exploration drill holes tested the following targets: Connector Zone – The Connector zone lies between the Candelones Main mineralization and the Candelones Extension. This gap area was sparsely drilled in the past but forms an 800m wide corridor between the two deposits. Eight drill holes, DCZ20-71 to DCZ21-78, tested coincident Induced Polarity (“IP”) Chargeability and Resistivity anomalies east of the currently identified oxide resource. Drilling intersected what we interpret to be an extensive phreatomagmatic breccia system that may mark a volcanic vent area. Broad intervals of elevated zinc and copper grades occur proximal to the observed breccia and there are intervals of what appears to be intermediate intrusive interlaced throughout the package. The breccia shows a melange of angular fragments and shards of numerous rock types including syenitic and rhyolitic lithologies. Elevated copper and zinc grades were returned over several tens of meters (DCZ20-74, DCZ21-75) with low tenor gold enrichment. The connector zone is currently interpreted to be a volcanic or hydrothermal vent that may represent the heat source for the younger epithermal systems that overprint mineralization to the east. This observation has positive implications for future exploration in the immediate vicinity of Candelones. Candelones Oxide Expansion Drilling – The oxide mineralization at Candelones Main forms the basis for a PEA that shows a 35% afte...