Unigold Establishes 800 meters of Oxide Mineralization Strike Extent at surface; Significant Results Include 20.0 meters Averaging 4.07 g/t Au and 21.0 meters averaging 1.93 g/t Au
UNIGOLD INC.
P.O.Box 936, STN Adelaide, Toronto, Canada M5C 2K3
T. 416.866.8157
www.unigoldinc.com
PR No. 2020-01
Unigold Establishes 800 meters of Oxide Mineralization Strike Extent at
surface; Significant Results Include 20.0 meters Averaging 4.07 g/t Au
and 21.0 meters averaging 1.93 g/t Au
Toronto, Ontario, Jan 22, 2020 – Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD) is pleased to
announce the following results from 28 vertical drillholes completed in late 2019 that tested the oxide
resource potential at its 100% owned Neita Concession in the Dominican Republic. In conjunction with
historical drillholes, trenches and the 2018 test pit program, this drill program has confirmed that oxide
mineralization extends over an area measuring approximately 800 meters in length and 150 meters in width
to depths between 20 to 30 meters (Ref. Figure 1). The oxide appears to be open to the ENE and further
exploration drilling is planned to evaluate the potential to expand the oxide footprint. Significant
intersections include:
Candelones Connector
DCZ19-56 23.0 meters @ 1.37 g/t Au
DCZ19-57 21.0 meters @ 1.08 g/t Au
DCZ19-58 21.0 meters @ 1.93 g/t Au
Candelones Main
DC19-154 20.0 meters @ 4.07 g/t Au
DC19-153 31.6 meters @ 1.52 g/t Au
DC19-148 30.3 meters @ 1.33 g/t Au
A complete summary of all drill results is provided in Table 1.0.
Joe Hamilton, Chairman and CEO of Unigold notes: “Our results have confirmed that the oxide mineralization
offers a minimum 800 m eters of potential strike extent and measures between 150 to 200 meters in width.
Intensely oxidized rock extends from surface to depths of 20 to 30 meters . Gold grades throughout the oxide
zone are homogenous with few outliers, averaging between 0.75 to 0.95 g/t gold. Previous metallur gical
results indicated recoveries in excess of 97% from oxide mineralization collected at the Candelones Main
deposit. The 2012 mineral resource estimate included an inferred oxide resource of 112,000 ounces averaging
0.98 g/t Au with a low strip ratio. A test pit program in 2018 demonstrated that the oxide mineralization was
free digging to depths of at least five meters, the physical limit of the e quipment used during that program .
We believe the oxide mineralization offers pot ential as starter pit, generating early cash flow while
underground access is established into higher grade sulphide mineralization. We have collected sufficient
material to complete detailed metallurgical testing of the oxide mineralization which should allow process
parameters to be established for plant design. Drilling to expand the oxide footprint and establish a measured
and indicated mineral resource will be designed when the metallurgical test work is completed. In the
Unigold Inc. Press Release: Jan 22, 2020 2
meantime, both of our diamond drill rigs are exploring the deeper, higher grade sulphide mineralization at the
Candelones Extension deposit.”
Figure 1.0 – Longitudinal Plan looking north, Candelones Deposits
The oxide drilling targeted the interpreted center of gravity of the Candelones Main and Connector oxide
footprint based on historical surface trenching, diamond drilling and test pits. The Candelones Main oxide
strikes WNW and dips to the north at 60 degr ees (Ref. Figure 2.0). The Candelones Connector oxide
mineralization is interpreted to strike ENE and is currently interpreted to be relatively flat lying (Ref. Figure
2.0).
Statistical analyses of the oxide data suggests that the oxide mineralization is relatively homogenous with few
extreme outlier values. Over 7000 distinct sample intervals consisting o f surface trench samples, drillhole
samples and test pit samples fall within the currently interpreted oxide limit. Only six (6), all of which were
collected within 2 meters of surface, returned assayed gold grades in excess of 25.0 g/t Au. (Ref. Table 2.0).
Unigold Inc. Press Release: Jan 22, 2020 3
Table 1.0 – Summary of Candelones Main and Connector Oxide Drilling
(1) All intervals are reported as drilled length not true width. The oxide m ineralization is currently interpreted to be relatively flat lying and therefore, the drilled
interval is estimated to be equivalent to the true width of the oxide mineralization.
(2) Core recovery varies from 20% to 100% and averaged 95% based on geotechnical logging.
Type From To Interval Au (g/t) Type From To Interval Au (g/t)
DCZ19- 54 Oxide 0.00 13.40 13.40 0.65 DCZ19- 143 Oxide 0.00 14.20 14.20 0.31
Transition 13.40 18.00 4.60 0.14 INCLUDES 0.00 7.00 7.00 0.61
Sulphide 18.00 26.00 8.00 NSV Transition 14.20 26.00 11.80 0.01
DCZ19- 55 Oxide 0.00 22.50 22.50 0.65 Sulphide 26.00 30.25 4.25 0.01
DCZ19- 56 Oxide 0.00 23.00 23.00 1.37 DCZ19- 144 Oxide 0.00 14.00 14.00 0.07
Transition 23.00 27.00 4.00 0.93 Sulphide 14.00 15.00 1.00 0.11
Sulphide 27.00 29.00 2.00 0.57 DCZ19- 145 Oxide 0.00 15.20 15.20 0.04
DCZ19- 57 Oxide 0.00 21.00 21.00 1.08 Transition 15.20 16.30 1.10 0.01
Transition 21.00 26.40 5.40 1.15 Sulphide 16.30 26.00 9.70 0.04
Sulphide 26.40 29.00 2.60 0.64 DCZ19- 146 Oxide 0.00 16.30 16.30 1.25
DCZ19- 58 Oxide 0.00 21.00 21.00 0.93 Transition 16.30 26.00 9.70 0.43
Transition 21.00 26.00 5.00 1.17 DCZ19- 147 Oxide 0.00 23.90 23.90 0.12
DCZ19- 59 Transition 23.90 26.00 2.10 0.70
DCZ19- 60 DCZ19- 148 Oxide 0.00 30.30 30.30 1.33
DCZ19- 61 Oxide 0.00 20.50 20.50 0.17 Transition 30.30 41.00 10.70 0.81
Transition 20.50 26.00 5.50 0.64 INCLUDES 30.30 36.80 6.50 1.32
DCZ19- 62 Oxide 0.00 11.00 11.00 0.06 DCZ19- 149 Oxide 0.00 29.80 29.80 0.54
Transition 11.00 26.00 15.00 0.16 Transition 29.80 30.60 0.80 0.73
DCZ19- 63 Oxide 0.00 18.00 18.00 0.44 Sulphide 30.60 35.00 4.40 0.41
Transition 18.00 20.00 2.00 0.54 DCZ19- 150 Oxide 0.00 25.10 25.10 0.46
Sulphide 20.00 26.00 6.00 0.19 Transition 25.10 31.10 6.00 0.25
AVERAGE Oxide 20.00 0.73 Sulphide 31.10 32.00 0.90 0.04
Transition 5.50 0.55 DCZ19- 151 Oxide 0.00 23.00 23.00 0.93
Sulphide 4.70 0.21 INCLUDES 7.00 23.00 16.00 1.22
DCZ19- 64 Oxide 0.00 23.00 23.00 0.04 Transition 23.00 26.00 3.00 1.01
Transition 23.00 25.30 2.30 0.21 DCZ19- 152 Oxide 0.00 32.40 32.40 1.19
Sulphide 25.30 26.00 0.70 0.03 Transition 32.40 44.00 11.60 0.96
DCZ19- 65 Oxide 0.00 12.00 12.00 0.03 DCZ19- 153 Oxide 0.00 31.60 31.60 1.52
Transition 12.00 16.00 4.00 0.03 Transition 31.60 34.50 2.90 1.14
Sulphide 16.00 26.00 10.00 0.02 Sulphide 34.50 38.40 3.90 1.40
DCZ19- 66 Oxide 0.00 7.50 7.50 0.02 DCZ19- 154 Oxide 0.00 20.00 20.00 4.07
Transition 7.50 12.40 4.90 0.02 Transition 20.00 20.60 0.60 1.43
Sulphide 12.40 29.00 16.60 0.01 Sulphide 20.60 26.00 5.40 1.50
DCZ19- 155
Note: DCZ19- 156 Oxide 0.00 20.80 20.80 0.22
unmineralized andesite Transition 20.80 21.50 0.70 0.23
Sulphide 21.50 23.00 1.50 0.39
DCZ19- 157 Oxide 0.00 17.40 17.40 0.41
Transition 17.40 26.00 8.60 0.10
AVERAGE Oxide 22.50 0.95
Transition 5.40 0.52
Sulphide 3.90 0.53
DCZ19-64, DCZ19-65 and DCZ19-66 collared in
Candelones CONNECTOR Deposit
Hole ID
SEASONALLY INACCESSIBLE
SEASONALLY INACCESSIBLE
SEASONALLY INACCESSIBLE
Candelones MAIN Deposit
Hole ID
Unigold Inc. Press Release: Jan 22, 2020 4
Table 2.0 – Statistical Summary of Candelones Oxide Data Sources
Figure 2.0 – Compilation Plan of the Candelones Connector Oxide Target
At the Candelones Connector, eight (8) holes were completed along section A – A’ (Ref. Figures 2.0 and 3.0),
the interpreted strike of the oxide trend at the Candelones Connector. Five of the eight holes intersected
mineralization associated with brecciated dacite volcanics and volcanoclastics that have been intensely
oxidized. The three holes to the west (DCZ19-64, 65 and 66) intersected andesite volcanics and
volcanoclastics that were not mineralized (Ref. Figure 3.0).
Data Source Population Minimum Maximum Median Mean Standard
(#) (Au g/t) (Au g/t) (Au g/t) (Au g/t) Deviation
2019 Drilling 550 0.00 15.20 0.49 0.82 1.57
Trench Results 3567 0.00 157.00 0.11 0.54 4.48
2018 Test Pits 776 0.00 6.07 0.32 0.65 0.78
Historical DHs 2057 0.00 18.70 0.18 0.44 0.67
Unigold Inc. Press Release: Jan 22, 2020 5
Figure 3.0 – Section A – A’ Candelones Connector – Parallel to Strike
Gold grades appear to increase to the ENE. The completed holes establish 250 meters of oxide strike length.
The drilling indicates the oxide extends from surface to an average depth of 18.6 meters with an average
grade of 0.82 g/t Au at a cutoff grade of 0.00 g/t Au.
A total of six (6) holes were completed along section B – B’ (Ref. Figures 2.0 and 4.0). As with the drilling
along strike, the six holes all intersected mineralized dacite volcanics and / or volcanoclastics that have been
intensely brecciated and oxidized. The drilling establishes a width of approximately 250 meters. Oxidation in
this area extends from surface to an average depth of 18.4 meters with an average gold grade of 0.93 g/t Au
at a cutoff grade of 0.00 g/t Au (Ref. Figure 4.0).
Unigold Inc. Press Release: Jan 22, 2020 6
Figure 4.0 – Section B – B’ Candelones Main and Connector – Perpendicular to Strike
Finally, a total of eleven (11) holes were completed along section C – C’ (Ref. Figures 2.0 and 5.0), the
interpreted strike of the oxide trend at the Candelones Main. Approximately 75% of the historical surface
trenching and diamond drill results originate within the Candelones Main oxide footprint.
The eleven holes all intersected intensely brecciated and oxidized dacite volcanics and volcanoclastics from
surface to an average depth of 25.4 meters. The holes define approximately 550 meters of strike length and
return an average gold grade of 1.07 g/t Au at a cutoff grade of 0.00 g/t Au (Ref. Figure 5.0).
Several planned holes to test the lateral extent of the Candelones Main oxide footprint were postponed to a
future date. In part this was a result of seasonal inaccessibility but primarily, the decision was driven by a
desire to extend the high grade sulphide mineralization at Candelones Extension.
Unigold Inc. Press Release: Jan 22, 2020 7
Figure 5.0 – Section C – C’ Candelones Main – Parallel to Strike
QA/QC
Oxide diamond drilling provides HQ (63.5 mm) diameter core for logging and sampling. Core is received at the
on-site logging facility where it is, received, cleaned, rotated, logged for geotechnical and geological data and
marked up for sampling. The core is then photographed. Normally, samples are split by wet diamond saw, and
half the cor e is sent for assay with the remaining half stored on site. For the initial metallurgical sample
program, the core is being sampled whole as there is sufficient half core in the core library for reference and
the additional core from the planned infill pro gram will be split and stored providing additional reference
material. A minimum sample length of 0.3 met ers and a maximum sample length of 2.0 meters is employed
with most samples being approximately 1.0 met ers in length except where geological contacts d ictate.
Certified Reference Materials are randomly inserted into the sample stream and constitute approximately 5-
10% of the sample stream . Samples are shipped to a sample preparation facility in the Dominican Republic
operated by Bureau Veritas. Assaying is performed at Bureau Veritas Commodities Canada Ltd.’s laboratory in
Vancouver, B.C. Canada. All samples are analyzed for gold using a 50 gram lead collection fire assay fusion
with an atomic adsorption finish.
Wes Hanson P.Geo., Chief Operating Officer of Unigold has reviewed and approved the contents of this press
release.
About Unigold Inc. – Discovering Gold in the Caribbean
Unigold is a Canadian based mineral exploration company traded on the TSX Venture Exchange under th e
symbol UGD, focused primarily on exploring and developing its gold assets in the Dominican Republic.
Unigold Inc. Press Release: Jan 22, 2020 8
For further information please visit www.unigoldinc.com or contact:
Mr. Joseph Hamilton
Chairman & CEO
416.866.8157
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