Unigold Intersects 7.0 meters averaging 21.9 g/t gold and 2.7% copper at Candelones Extension Deposit
LP20-165 intersected 7.0 meters averaging 21.9 g/t Au and 2.7% Cu at Target B;
LP20-165 also passed through Target A, intersecting 17.0 meters averaging 6.7 g/t Au and 0.1 % Cu;
Low grade mineralization was encountered starting at the andesite-dacite contact, returning 298 metres of 1.21 g/t (includes 48 metres that was not sampled and included at zero grade)
LP20-165 is the first hole returned from the deep drilling program: it extended Target B a further 100 m to depth, and extended Target A a further 25m below the previous limits
LP20-177, the first drill hole at Target D, intersected 4.9 meters averaging 1.2 g/t Au with 0.3% Cu suggesting potential to increase this zone at depth.
Four drills are currently active: two drills are testing the depth extensions at Target B and C, one drill is testing Target D, and one drill is exploring 4 kilometres to the west at the Montazo geochemical-IP anomaly.
TORONTO, March 02, 2021 -- Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD; OTCQX: UGDIF; FSE:UGB1) is pleased to report recent drill results from its 100% owned Neita concession in the Dominican Republic.
Joseph Hamilton, Chairman and CEO of Unigold notes: “LP20-165 is the deepest and highest-grade intersection to date at Target B (Ref. Table 1). This hole extended mineralization a further 100m to depth and demonstrates that the system may be strengthening.
- Published: 02 March 2021
- Written by Editor