Unigold Intersects 43.0 meters averaging 3.04 g/t Au and 16.6 meters averaging 3.37 g/t Au at the Candelones Extension Deposit in the Dominican Republic
UNIGOLD INC.
P.O.Box 936, STN Adelaide, Toronto, Canada M5C 2K3
T. 416.866.8157
www.unigoldinc.com
PR No. 2020-03
Unigold Intersects 43.0 meters averaging 3.04 g/t Au and 16.6 meters
averaging 3.37 g/t Au at the Candelones Extension Deposit in the
Dominican Republic
Toronto, Ontario, Feb 4, 2 020 – 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.
Hole LP19 -138, testing massive sulphide mineralization at Target A (Ref. Figure s 1.0 and 2.0 ); intersected
massive to semi -massive mineralization that assayed 3.04 g/t Au and 0.26% Cu over 43.0 meters within a
larger 129.50 meter interval of 1.90 g/t Au and 0.19% Cu.
Hole LP19-139, the high grade polymetallic mineralization at Target B (Ref. Figure 1.0 and 3.0); intersected a
16.60 meter interval that returned 3.37 g/t Au; 12.96 g/t Ag; 0.30% Cu and 2.13% Zn.
Joe Hamilton, Chairman and CEO of Unigold notes: “These latest results continue to demonstrate the potential
of the Candelones system. Assay results indicate that the tenor of the mineralization within the higher grade
systems is increasing with depth. LP19-138 extended the massive and semi-massive sulphide lens at Target A
approximately 40 meters deeper into the footwall. LP19-139 extended the strike length of Target B 50 meters
east, towards Target A, suggesting there is opportunity for the two targets to coalesce at depth. LP19-139 also
intersected a new 45 meter zone of stockwork sulphide mineralization that we believe is a new target. This
stockwork mineralization lies 50 to 100 meters into the footwall from Target B and is open in all directions.
While the tenor of gold and copper mineralization is low in this drillhole, the alteration and veining is intensive
and suggests that this new system may develop into another significant mineralized zone. We are also excited
about the commencement of ou r metallurgical program. Four, 150 kg bulk samples have been received by
Bureau Veritas Minerals – Metallurgical Division in Richmond B.C. The metallurgical testing will commence
shortly under the supervision of Mr. Richard Gowans, B.Sc. P.Eng., President and Principal Metallurgist, Micon
International Ltd. No comprehensive metallurgical testing has been conducted on the higher grade
mineralization that we are currently intersecting in our drilling. Results from this program should be available
in the second half of this year.”
Unigold Inc. Press Release: Feb 4, 2020 2
Table 1.0 summarizes the results for the two holes reported herein.
Table 1.0 – Summary of Significant Results
From (m) To (m) Interval(1) (m) Au (g/t) Ag (g/t) Cu (%) Zn (%)
LP19-138 292.50 422.00 129.50 1.29 0.90 0.13 0.00
including SMS 342.90 422.00 79.10 1.90 1.30 0.19 0.00
including MS 351.00 394.00 43.00 3.04 1.80 0.26 0.00
LP19-139 275.00 392.50 117.50 1.91 3.22 0.14 0.80
including 309.40 347.00 37.60 2.22 6.60 0.20 2.08
including 309.40 326.00 16.60 3.37 12.96 0.30 2.13
and 451.40 497.00 45.60 0.36 0.22 0.07 0.00
Hole ID
(1) All intervals are reported as drilled length not true width. There is insufficient data at this time to estimate true width.
(2) MS denotes massive sulphide mineralization ; SMS denotes SMS mineralization.
Figure 1.0 – Plan View – Candelones Extension Plan View Targets A and B
Unigold Inc. Press Release: Feb 4, 2020 3
Figure 2.0 – Cross Section – Target A; Candelones Extension (Looking East)
At Target A, LP19-138 was drilled fifty meters above and on the same section as LP26 (1.44 g/t Au; 0.6 g/t Ag;
0.05% Cu and 0.03% Zn over 41.0 meters) (Ref. Figures 1.0 and 2.0). Massive to semi -massive sulphide
mineralization was intersected as anticipated along the interpreted plunge vector.
At Target B, LP19-139 was drilled fifty meters below LP16 -119 (1.40 g/t Au; 2.6 g/t Ag; 0.1% Cu and 0.6% Zn
over 39.8 meters) (Ref Figures 1.0 and 3.0). The hole extended the strike length of the sub-vertical, polymetallic
mineralization a further fifty (50m) meters to the east. LP19-139 also intersected low tenor gold and copper
mineralization in a new zone of mineralization approximately 75 meters into the dacite footwall. This new
zone of gold and copper mineral ization, associated with pyrite -rich stockwork mineralization, is open in all
directions. The pyrite rich sulphide mineralization appears to be similar to the gold-copper rich pyrite sulphides
at Target A, 150 meters to the east.
Unigold Inc. Press Release: Feb 4, 2020 4
Figure 3.0 – Cross Section – Target B; Candelones Extension (Looking East)
Figure 4.0 – Longitudinal Projection Section A – A’ (Looking North)
OPEN
Disseminated
Mineralziation
High Grade Core
Mineralziation
Unigold Inc. Press Release: Feb 4, 2020 5
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 metres is employed with most samples averaging 1.0 met ers 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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