Unigold Inc. (TSXV:UGD) announced drill results of up to 2.48 g/t of gold over 48.7 metres, confirming the mineralization of the surrounding area of the Candelones project, located in the Dominican Republic.
As quoted in the press release:
- LP29 reported 89.0 m @ 1.72 g/t gold, which included 48.7 m @ 2.48 g/t gold. LP29 was drilled approximately 100 m south east of hole LP28, with reported assay results (PR. No 2012-11 July 18) 77.0 m @ 3.81 g/t gold. The results from LP29 indicate that the mineralized zone remains strong and open down- dip to the southeast (Figure 2: Section L-L’).
- LP31A reported a long intercept of 122 m @ of 0.73 g/t gold. Included in that interval is 19.4 m @ 1.20 g/t gold and 14.8 m @ 1.24 g/t gold (Figure 3: Section K-K’). LP31A is approximately 100 m north east from LP29.
Andrew Cheatle, President and CEO of Unigold Inc, commented:
Holes LP29 and LP 31A both continue to demonstrate the exceptional continuity of significant mineralization at Candelones Extension. These were two of the deeper holes of our ongoing wide-spaced, 100 m step-out drill program. Focus now shifts to drilling shallower parts of the extensive mineralized system, which remains open at depth and along strike – particularly to the west.