Gold miners continue to lead the way in finding new, rich deposits, in far-flung outposts.
Toronto-based Unigold Inc. (TSX-Venture:UGD) reported Tuesday additional assay results from its Candelones Extension deposit, part of the Company’s 100% owned Neita Concession in the Dominican Republic.
Two holes on Nelta were drilled to test an interpreted sub-vertical feeder system at Target B, approximately 150 meters west of the massive sulphide mineralization at Target A
One of the holes in question intersected 24.0 metres of 4.59 g/t Au, 3.4 g/t Ag, 0.54% Cu and 0.23% Zn within a broader 106.0 m interval of 1.90 g/t Au, 2.8 g/t Ag, 0.22% Cu and 0.30% Zn This drill hole is a 50-meter step-out from a 2016 drillhole that intersected the top of the system and returned 4.8 m of 7.32 g/t Au, 52.0 g/t Ag, 0.2% Cu and 2.7% Zn
The other hole was drilled 50 metres below and 20 metres to the east of LP19-134M LP19-135 intersected 23.7 m grading 6.03 g/t Au, 4.9 g/t Ag, 0.31% Cu and 0.10% Zn within a larger 136.9 m interval of 1.83 g/t Au, 2.0 g/t Ag, 0.15% Cu and 0.20% Zn
A third hole targeted the same sub-vertical feeder system 50 metres deeper. Unfortunately this hole was terminated prematurely in mineralization at a depth of 454 metres, 150 metres short of the target depth, due to excessive caving in the drill hole. Assay results for LP19-136 are pending.
Unigold shares acquired two cents, or 8.3%, to 26 cents, late Tuesday afternoon, on volume of 55,000 shares.
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