Mineralised Intervals Lie Outside Current Mineral Resource Optimisation Limit
Unigold Inc. (TSX-V:UGD) has drilled multiple new mineralised intervals its 100% in the Candelones area of its 100% owned Neita concession in the Dominican Republic.
One of the latest holes at Neita intersected a new zone of blind oxide mineralisation just below the collar at surface, while another intersected two broad zones of mineralisation.
“The latest results substantiate our belief that there continues to be exceptional discovery potential within the immediate Candelones area,” Chairman and CEO, Joseph Hamilton, said.
“This new zone (E), sub-crops to within 2.0 meters of surface, persists over 150 meters downhole and is open in all directions. T
“his was a blind discovery, similar in all aspect to Targets A, B and C of the Candelones Extension.
“The only surficial evidence in the area originates from scattered rock geochemistry samples returning +1.0 g/ Au, largely mapped as float samples collected downslope from the Candelones Extension ridgeline.
“These latest holes, along with the previously reported LP20-165, were drilled along a SW alignment, to evaluate interpreted structural offsets. This SW alignment also allowed us to intersect Target B at depth, well below the 2013 resource limit, something that wasn’t possible with a NW drill alignment due to drill access challenges.
“The discovery of Target E suggests potential to continue to expand the resource footprint to the east, especially considering the mineralisation sub-crops to within 2.0 meters of surface and extends for over 100 meters.
“We have decided to dedicate a diamond drill to this recent discovery and are planning step out holes to evaluate the near surface Target E discovery. Our other drills remain active at Target B and C following our current programme of probing the depth extent of these two high-grade zones.”
Highlight results include:
- LP20-167 intersected 12.0m averaging 5.9 g/t Au and 18.0 g/t Ag in a new zone of mineralisation east and stratigraphically above Target A;
- LP20-167 intersected anomalous disseminated mineralisation over 328m, averaging 1.2 g/t Au;
- LP20-169 intersected a new zone of blind oxide mineralisation just below the collar at surface, returning 14.0m @ 2.11 g/t Au.
- LP20-169 intersected two broad zones of mineralisation, the first extending from surface to 154n averaging 0.58 g/t Au and a second, deeper interval of 43m averaging 0.76 g/t Au.
The company continues to have four active drills. The first phase drill programme at the Montazo regional exploration target has been completed. This diamond drill will be moved back to Candelones to help with the exploration to the east of known mineralisation.
