The Assay TV caught up with Joe Hamilton, Chairman & CEO of Unigold Inc (TSXV: UGD) to discuss the findings of a recently released preliminary economic assessment (PEA) on the company’s Candelones oxide gold deposit in the Dominican Republic. In this interview Joe shares some of the key financials and explains the next steps towards production. We also discuss Unigold’s longer term strategy of using revenues generated by mining this oxide deposit to fund exploration and development of a larger scale sulphide target at Candelones.
Unigold (TSXV: UGD; OTCQX: UGDIF) is a Canadian-based, growth oriented, junior natural resource company focused on exploring and developing its gold projects in the Dominican Republic- a country highly prospective for gold and polymetallic mineralization. The current resource stands at 2 Moz @ 1.6 g/t Au. + 120,000 metres to date. The Company is fully funded for its current drill program and plans to expand its resource at Candelones, focusing on high-grade material and moving steadily towards feasibility.
Primary ticker: TSXV:UGD
Stage of development: Exploration, Development
Commodities: Gold, Copper
Project to promote: Candelones Project
Project location: Dominican Republic