Unigold Intersects 14.0 Meters Averaging 14.94 g/t Au at Target C, Candelones Extension Deposit
LP20-162 intersected 14.0 meters averaging 14.94 g/t Au, 51.6 g/t Ag,0.3% Cu, 3.6% Zn and a second interval of 6.0 meters averaging 10.30 g/t Au, 5.0 g/t Ag, 0.3% Cu and 1.7% Zn;
The mineralization is localized at the upper and lower contact of a magnetic mafic dike which was targeted as a potential marker unit;
The high-grade mineralization is within 100 meters of surface;
The results suggest that the magnetic mafic dikes maybe highlighting the location of epithermal feeder systems.
TORONTO, Oct. 23, 2020 -- 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.
Drilling continues to test potential epithermal feeder systems at Targets B and C of the Candelones Extension deposit. The Company has completed 12 drill holes (4742 m) of the planned 15,000 meter program (Ref: Figure 1). Drilling at Target C is focused on tracing an interpreted fault structure which has been intruded by late mafic dike(s). High-grade gold and silver mineralization is localized at or near the contact of the magnetic dike suggesting that this could represent a potential marker horizon to guide future drilling.
- Category: Silver / Gold
- Published: 23 October 2020
- Written by Editor