Intersects 21.9 g/t Gold And 2.7% Copper At Candelones Extension Deposit
Unigold Inc. (TSXV:UGD) has intersected significant high-grade mineralisation in recent drilling at its 100% owned Neita concession in the Dominican Republic.
Chairman and CEO, Joseph Hamilton, said hole LP20-165 is the deepest and highest-grade intersection to date at Target B.
“This hole extended mineralisation a further 100m to depth and demonstrates that the system may be strengthening,” Mr Hamilton said.
“Once again, the epithermal mineralisation shows consistent grades over the 7.0 metre intercept with the highest assay returning 51.60 g/t gold over 1.0 metre.
“Disseminated mineralisation continues to exist at depth in the footwall, as observed across the entire 2.0 kilometre strike length of drilling at Candelones. In this case, disseminated mineralisation averaged 1.21 g/t over a remarkable 298m into the footwall.”
Mr Hamilton said LP20-165 was aligned to pass through Target A mineralisation before continuing into the deep footwall extension of target B.
The Target A intersection returned 17.0m grading 6.7 g/t gold and 0.1% copper. Two additional holes have been pre-collared: each a 100m step out down-dip along the Target B trend after passing through the Target A horizon. These holes are in the process of being extended by our larger machines.
“LP21-177 is the first hole that was testing a potential new epithermal target at ‘Target D’, approximately 200m to the west of Target C,” Mr Hamilton said.
“No drilling has been conducted in this area since 2011 when LP62 intersected 9.0 meters grading 6.6 g/t Au with 3.2% copper and LP66 intersected 6.0 meters averaging 8.2 g/t Au with 2.6% Zn. Both intersections were within 100m of surface. LP21-177 intersected a broad zone of strong semi-massive to net textured pyrite mineralisation within an interpreted subvertical fault zone.
“Although the reported grades and thicknesses are less than those returned from our other targets, this drillhole shows 85 metres of strong alteration, mineralisation and structure which is encouraging for continued drilling. This sub-vertical trend, like the controls found at Targets B and C, is evolving as an important control on mineralisation at Target D.”
The company has completed 63 holes (16,527m) to date in our planned 2020 drill programme. Assays are pending from 11 holes.
