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Unigold Updates Mineral Resource Estimate for the Candelones Project: 2.291 million ounces of gold in Measured and Indicated Resources
New estimate consolidates all mineralization in the Candelones area and includes all drilling to date. Measured and Indicated ("M&I") Resources of 69.1
About this update from Unigold Inc.
New estimate consolidates all mineralization in the Candelones area and includes all drilling to date. Measured and Indicated ("M&I") Resources of 69.1 million tonnes averaging 1.03 g/t Au containing 2,291,000 ozs Au M&I Resource also contains 4.3 million ounces of silver and 131.9 million pounds of copper; Inferred resource contains an additional 387,000 ounces of silver and 18.0 million pounds of copper 100% conversion of historic Inferred resource to M&I. Toronto, Ontario--(Newsfile Corp. - August 14, 2026) - Unigold Inc. (TSXV: UGD) (OTC Pink: UGDIF) (FSE: UGB1) ("Unigold" or the "Company") is pleased to announce an updated mineral resource estimate (MRE) for the Candelones Project, part of the Company's 100% owned Neita Sur Concession in the Dominican Republic. The updated estimate has an effective date of August 6, 2026 and supersedes the estimate disclosed on May 31, 2021. The confidence level associated with the updated MRE justifies the use of these resources into Feasibility or Pre-feasibility economic studies. The resources are substantially all within an optimized open pit with less than 4% of the resource as an underground extension situated below the optimized pit bottom. Table 1.0 - Combined Open Pit and Underground Mineral Resource Estimate for CMC and CE, Effective Date August 6, 2026 Category Total Tonnes Gold (g/t) Silver (g/t) Copper (%) Contained Gold (Koz) Contained Silver (Koz) Contained Copper (Klbs) Measured 31,001,872 1.13 2.13 0.10 1,125 2,127 71,794 Indicated 38,133,903 0.95 1.75 0.07 1,167 2,150 60,148 M+I 69,135,774 1.03 1.92 0.09 2,291 4,277 131,943 Inferred 5,288,811 1.20 2.28 0.10 203 387 18,010 Notes to follow below…… The Mineral Resource Estimate used a marginal NSR cut-off of US$32.75/t for the conceptual open pit evaluation of sulphides and transition material, and US$23.75/t for Oxide material, while a marginal NSR cut-off of US$92.75/t was applied to the conceptual underground evaluation. The NSR cut-off was calculated using a gold price of US$3,500 per ounce gold, US$45.00 per ounce of silver, US$4.75 per pound of copper, with metallurgical recoveries of 84% for gold, 55% for silver and 87% for copper in the sulphide mineralization, metallurgical recoveries of 50% for the gold in oxides and 70% in transition. Cost assumptions of US$2.85/t for open pit mining of sulphides and transition material US$2.30/t...