Unigold hits high grade mineralization within 100 metres of surface at Dominican Republic asset
Unigold Inc (CVE:UGD) (OTCQX:UGDIF) (FRA:UGD1), the Dominican Republic-focused gold explorer, has posted the latest drilling results from its Candelones Extension deposit on its Neita concession, which shows near-surface, high-grade mineralization.
Drilling continues to test potential epithermal feeder systems at the B and C targets at the deposit and so far, the firm has completed 12 drill holes of the planned 15,000 metre (m) program.
High grades in one hole
One hole at target C (a fault structure) hit 14 meters (m) averaging 14.94 grams per ton (g/t) gold, 51.6 g/t silver, 0.3% copper, 3.6% zinc, the firm highlighted, and a second interval cut 6m averaging 10.30 g/t gold, 5 g/t silver, 0.3% copper and 1.7% zinc.
Unigold’s CEO Jon Hamilton said this was the first hole, which has tested whether the post-mineral mafic dikes may mark fault zones in the host dacite.
“These fault zones likely served as brecciated conduits for epithermal mineralization,” he said.
“The mineralization is startlingly consistent and evenly distributed along the intercept length, ranging from 5.0 g/t to 32.0 g/t. This intercept is within 100 meters of surface.”
The group’s Neita Concession encompasses 21,031 hectares of the so-called Tireo Formation, a thick sequence of intermediate volcanic and volcanoclastic rocks, which are highly prospective for copper and gold porphyry deposits, gold and silver epithermal deposits and VMS gold, silver, copper, lead, zinc deposits.
Contact the author at [email protected]
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/932273/unigold-hits-high-grade-mineralization-within-100-metres-of-surface-at-dominican-republic-asset-932273.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).