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Unigold Inc. (TSX:UGD) announced that drilling at the Candelones Extension deposit, located at its Dominican Republic-based Neita concession, has both expanded known massive sulfide mineralization and identified a second massive sulfide zone.
Unigold Inc. (TSX:UGD) announced that drilling at the Candelones Extension deposit, located at its Dominican Republic-based Neita concession, has both expanded known massive sulfide mineralization and identified a second massive sulfide zone.
As quoted in the press release:
The massive sulphides are dominantly pyrite with lesser chalcopyrite. The first zone strikes northeast and dips ten degrees south. Thickness varies from 5 metres on the edges (LP17) to over 30 metres in the center (Ref. Table 1.0; LP15-95), defining a lenticular profile. The initial lens of massive sulphide has been traced 85 metres along strike and 75 metres down dip. It is discordant to lithology and open along strike and up dip (Ref Figures 1.0 – 3.0). Results for the four holes to date are summarized in Table 1.0.
Joseph Del Campo, president and CEO of Unigold, commented:
This is exactly the opportunity we hoped to capture with this systematic drill campaign testing for potential feeder zones or conduits that may have been missed by the common drill orientation and wide hole spacing of the historical drilling programs. Any higher gold-copper mineralization intersected in the historical drilling was largely untested for over 100 metres in every direction. We are certainly encouraged by these initial results and plan to continue systematically evaluating the selected target areas as planned.
Click here to read the full Unigold Inc. (TSX:UGD) press release.