Initial 2 Million Ounces Gold Inferred at Unigold Inc.’s Candelones Project in the Dominican Republic
Unigold Inc. (TSXV:UGD) announced the initial mineral resource estimate for its Candelones Main, Extension and Connector Zones within its wholly owned, 22,600 hectare Neita Concession in the Dominican Republic.
As quoted in the press release:
Open pit (inferred) 33.8 M tonnes averaging 1.5 g/t Au 1.6 M ounces Au Underground (inferred) 5.7 M tonnes averaging 2.4 g/t Au 0.4 M ounces Au TOTAL 39.5 M tonnes averaging 1.6 g/t Au 2.0 M ounces Au
Unigold President and CEO, Andrew Cheatle, said:
We are delighted with the results of our maiden mineral resource estimate at Candelones which we delivered within 18 months of discovering significant gold mineralization, with exceptional continuity, at the Candelones Extension. This multi-million ounce mineral resource represents only a small portion of our land position and confirms that the Central Cordillera of the Dominican Republic offers outstanding potential for additional significant discovery: a potential that we intend to capture as we begin to evaluate multiple targets along the Candelones trend and elsewhere within our 22,600 hectare concession.