Unigold Intersects 9.5 meters averaging 14.14 g/t Au, 46.6 g/t Ag and 3.2% Zn 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. 2020-05
Unigold Intersects 9.5 meters averaging 14.14 g/t Au, 46.6 g/t Ag and
3.2% Zn at the Candelones Extension Deposit in the Dominican Republic
Toronto, Ontario, March 4 , 20 20 – 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.
LP20-146 intersected 50.0 meters averaging 4.19 g/t Au, 15.6 g/t Ag, 0.26% Cu and 1.5% Zn including 9.5
meters averaging 14.14 g/t Au, 46.6 g/t Ag, 0.26% Cu and 3.2% Zn. This hole targeted the near surface, high
grade mineralization initially intersected in hole LP52 (15.8 meters averaging 11.36 g/t Au, 38.3 g/t Ag, 0.36%
Cu and 5.11% Zn)(Ref. Figure 1.0).
Joe Hamilton, Chairman and CEO of Unigold notes: “This hole delivers the first results from Target C for this
drill campaign and follows from the high -grade results intersected at both Targets A and B. Target C is the
third zone within the Candelones E xtension resource footprint. LP20-146, intersected the top of the zone at
about 75 metres below surface. We estimate the true thickness of the mineralization to be 45 meters with an
average gold equivalent grade of 5.38 g/t. This remains open to the north and at depth. Like other intercepts
reported to date, a high-grade core is surrounded by a larger envelope of lower -grade mineralization. While
this intercept is certainly remarkable, our re -logging of historical holes in this ar ea has identified areas of
anhydrite stockwork similar to what has been observed 800 meters to the east overlying the massive sulphide
mineralization at Target A. These anhydrite stockwork zones seem to overlie the highest grade mineralization
and imply that further mineralization may be discovered around Target C where drilling is sparse.”
Unigold Inc. Press Release: March 4, 2020 2
Figure 1.0 – Cross Section Looking East – 25m View Window
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 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. A ssaying 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 collecti on 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.
Unigold Inc. Press Release: March 4, 2020 3
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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