Unigold Intersects 38.0 meters averaging 2.43 g/t Au at the Candelones Extension Deposit in the Dominican Republic; Extends mineralization towards surface
UNIGOLD INC.
P.O.Box 936, STN Adelaide, Toronto, Canada M5C 2K3
T. 416.866.8157
www.unigoldinc.com
PR No. 2020-04
Unigold Intersects 38.0 meters averaging 2.43 g/t Au at the Candelones
Extension Deposit in the Dominican Republic; Extends mineralization
towards surface
Toronto, Ontario, Feb 27, 2020 – Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD) is pleased to
announce results from its ongoing drill program at the Candelones Extension deposit, part of the Company’s
100% owned Neita Concession in the Dominican Republic.
Holes LP19-140 and 142 were drilled from a common collar and targeted to test the up-trend continuity of
Target B towards surface at about a 100 m depth. Both holes intersected broad widths of mineralization with
LP19-140 returning 38.0 meters averaging 2.43 g/t Au, 48.2 g/t Ag, 0.15% Cu and 1.66% Zn at the andesite-
dacite contact. LP19-142, approximately 20 meters to the west; intersected the same contact mineralization,
returning 60.4 meters averaging 1.51 g/t Au, 5.1 g/t Ag, 0.07% Cu and 0.77% Zn. The silver and zinc
encountered in both holes is characteristic of mineralization found at the edges of Target B. Both holes
continued to depth to test the deeper parts of the Andesite -Dacite contact region and intersected
disseminated footwall mineralization similar to that encountered elsewhere around Target B. These intercepts
were well into the footwall but suggest that contact mineralization is persistent to depth, below the level of
current drilling (Ref. Figure 1.0).
Holes LP19-141 and 143 were infill holes drilled from a common collar location bracketing the massive to semi-
massive sulphide mineralization in LP16-101 (28.6 meters averaging 2.61 g/t Au, 0.44% Cu), (Ref. Figure 1.0).
LP19-141 intersected pyrite-rich stringer mineralization returning 45.0 meters averaging 1.00 g/t Au with
0.36% Cu. LP19-143 intersected semi-massive, pyrite-rich sulphides returning 4.20 meters averaging 1.58 g/t
Au with 0.60% Cu. The stringer and fracture fill replacement mineralization suggests both holes intersected
the edge of the massive sulphide lens that was intersected by LP16-101.
Joe Hamilton, Chairman and CEO of Unigold notes: “These latest results confirm the upward extension of
Target B, into areas that were previously thought to be barren. At Target A, LP19-141 and 143 both intersected
the signature, pyrite dominant, Au-Cu rich sulphide mineralization defining Target A but appear to have passed
over the target. We believe that both Target A and B remain open at depth over a 300 meter strike length that
is largely undrilled and only tested by a single hole: LP30. Additional exploration holes are planned to evaluate
the 300 meter strike length at the 175 m elevation.”
Unigold Inc. Press Release: Feb. 27, 2020 2
Table 1.0 – Summary of Significant Results
(1) All intervals are reported as drilled length not true width. There is insufficient data at this time to estimate true width.
Figure 1.0 – Au Grade x Thickness Contours – Longitudinal Section Looking North at 015 Azimuth
From (m)To (m)Interval(1) (m)Au (g/t)Ag (g/t) Cu (%) Zn (%)
LP19-140 180.00 297.00 117.00 1.27 18.1 0.08 0.84
including 180.00 218.00 38.00 2.43 48.2 0.15 1.66
including 188.30 197.00 8.70 4.38 74.6 0.44 3.42
and 480.00 503.20 23.20 1.00 0.9 0.23 0.03
LP19-141 393.00 438.00 45.00 1.00 2.0 0.36 0.00
including 393.00 407.00 14.00 1.69 2.4 0.70 0.00
LP19-142 180.10 411.50 231.40 1.11 2.7 0.12 0.37
including 180.10 240.50 60.40 1.51 5.1 0.07 0.77
and 469.00 506.10 37.10 1.26 0.6 0.12 0.06
including 498.40 506.10 7.70 3.65 1.1 0.27 0.23
LP19-143 340.60 344.80 4.20 1.58 5.0 0.60 0.07
Hole ID
Unigold Inc. Press Release: Feb. 27, 2020 3
QA/QC
Diamond drilling utilizes both HQ and NQ diameter tooling. Holes are established using HQ diameter tooling
before reducing to NQ tooling to complete the hole. The core is received at the on-site logging facility where
it is, photographed, logged for geotechnical and geological data and subjected to other physical tests including
magnetic susceptibility and specific gravity analysis. Samples are identified, recorded, split by wet diamond
saw, and half the core is sent for assay with the remaining half stored on site. A minimum sample length of 0.3
meters and a maximum sample length of 1.5 meters is employed with most samples averaging 1.0 meters in
length except where geological contacts dictate. Certified standards and blanks 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. In addition, most samples
are also assayed using a 36 element multi-acid ICP-ES analysis method.
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 the
symbol UGD, focused primarily on exploring and developing its gold assets in the Dominican Republic.
For further information please visit www.unigoldinc.com or contact:
Mr. Joseph Hamilton
Chairman & CEO
416.866.8157
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