Unigold Inc. (TSXV:UGD) announced results from three holes that tested Anomalies A and B on the Candelones Extension (Lomita Piña), located within the Company’s wholly owned Neita Concession in the Dominican Republic. Drill hole LP 57 returned 77.5 m @ 1.43 g/t gold, including 28.0 m @ 3.45 g/t gold.
As quoted in the press release:
These drill results have expanded the known mineralization east at Candelones Extension. The results continue to support Unigold’s interpretation that the Candelones Extension zone is open in three directions. Drilling to date continues to demonstrate a very strong correlation between IP chargeability anomalies and mineralization (Figure 1).
Unigold Inc. President and CEO Andrew Cheatle said:
We were very excited to see the results of LP 57 showing excellent and consistent grades on the 100 m step back to LP 52.