Base Metals

Unigold Inc. (TSXV:UGD) announced results from ongoing exploration at its Dominican Republic-based Neita concession.

Unigold Inc. (TSXV:UGD) announced results from ongoing exploration at its Dominican Republic-based Neita concession.
As quoted in the press release:

Exploration drilling testing potential high grade feeder zones at the Candelones Extension deposit commenced at “Target A” (Ref. Figure 1.0); evaluating a zone of massive sulphides intersected in late 2013 in hole LPMET-01 (6.93 g/t Au; 0.6% Cu / 22.0m).
LP15-93 was designed to test 40 – 50 metres to the southwest of LPMET-01 and 40 – 50 metres above hole LP17 (6.05 g/t Au; 0.8% Cu / 6.0m.
LP15-93 intersected a broad zone of stratabound mineralization that returned:

230.1 to 334.0 metres103.9 metres(1)2.09 g/t Au0.3% Cu;

including a massive sulphide lens averaging:

298.6 to 314.3.0 metres15.7 metres(2)7.45 g/t Au1.1% Cu;

Joseph Del Campo, interim president and CEO of Unigold, commented:

We are very excited with the results from the first hole of our winter exploration program. The discovery of a discordant lens of high grade massive sulphide within the broader, lower grade, stratabound mineralization previously drilled on 100 metre centers, demonstrates the potential we are attempting to capture with this targeted exploration program. This model, of higher grade feeder zones within a broader zone of lower grade mineralization, is consistent with other gold / copper deposits within the Tireo Formation of the Dominican Republic and we believe there is an excellent opportunity to increase the mineral resources at the Candelones Extension.

Click here to read the full Unigold Inc. (TSXV:UGD) press release.

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