Unigold Intersects 95.5 meters averaging 1.23 g/t Au at 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. 2020-08
Unigold Intersects 95.5 meters averaging 1.23 g/t Au at Candelones Extension
Deposit in the Dominican Republic
Toronto, Ontario, March 20, 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.
Drill hole LP20-144 was positioned to target an undrilled area of low interpolated gold values in the historical
mineral resource estimate. LP20-144 intersected a broad zone of disseminated mineralization that, like other
areas within the pit-constrained resource, is consistent in both grade and continuity. A total of 95.5 meters
averaging 1.23 g/t Au, 2.1 g/t Ag, 0.10% Cu and 0.34% Zn was returned. LP20-144 targeted the area 75 meters
below holes LP19-140 (38.0 meters averaging 2.43 g/t Au, 48.2 g/t Ag, 0.15% Cu and 1.66% Zn) and LP19-142
(60.4 meters averaging 1.51 g/t Au, 5.1 g/t Ag, 0.07% Cu and 0.77% Zn)(Ref. Figure 1.0).
Joe Hamilton, Chairman and CEO of Unigold notes: “LP20-144 is the third consecutive hole to intersect broad,
mineralization at the andesite – dacite contact that was not intersected in the histori cal, wide-spaced drill
pattern. These new intersections lie within 150 meters of surface. Reported grades are elevated relative to our
2013 inferred mineral resource estimate . These holes tested a 100 meter gap in the historical drill coverage
and the results exceeded our expectations. We believe there are similar opportunities to drill gaps in the pit-
constrained resources that may help to convert the inferred mineral resources to the indicated classification,
one of the stated objectives of the current drill campaign. In addition, finding this thickness of mineralization
at the eastern end of the pit may allow for a reduction in the historic stripping ratio by converting areas that
were previously classified as ‘in -pit waste’ to mineralized blocks. Once again, the flexibility of this deposit is
demonstrated with broad swaths of gold-bearing material surrounding high-grade gold and silver feeder
zones. The distribution of grade within the deposit allows both selective and bulk mining methods to be
considered in any development scenario.”
Further to the east, drillhole LP20-145B was positioned at the eastern edge of drilling, 50 metres below a
previous gold-copper massive sulphide intersection at Target A. LP20-145B intersected 4.0 meters averaging
2.00 g/t Au, 1.9 g/t Ag, 0.64% Cu and 0.01% Zn in scattered, stringer sulphide mineralization. The base of the
massive sulphide lens is interpreted to lie above LP20-145B (Ref. Figure 2.0). This result continues to suggest
that the massive sulphide is relatively flat lying, discordant to the andesite-dacite contact and extends to the
Unigold Inc. Press Release: March 20, 2020 2
east. Additional drilling will be planned in our Phase 2 program to test the area above and further to the east
of LP50 (18.5m averaging 2.49 g/t Au, 4.9 g/t Ag, 1.05% Cu, 0.02% Zn).
Table 1.0 – Summary of Significant Results
(1) 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 (%) Au Eq (g/t)
LP20-144 238.50 334.00 95.50 1.23 2.1 0.10 0.34 1.54
including 268.50 292.00 23.50 1.52 1.2 0.07 0.37 1.79
LP20-145B 198.80 202.80 4.00 2.00 1.9 0.64 0.01 2.78
Hole ID
Unigold Inc. Press Release: March 20, 2020 3
Figure 2.0 – Compilation Section Looking East – LP20-145B
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.
Unigold Inc. Press Release: March 20, 2020 4
For further information please visit www.unigoldinc.com or contact:
Mr. Joseph Hamilton
Chairman & CEO
416.866.8157
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