Unigold Phase 1 Metallurgical Studies Indicate 84% Gold Recovery from Candelones Extension Mineralization Using Conventional Recovery Processes
Unigold Phase 1 Metallurgical Studies Indicate 84% Gold Recovery from
Candelones Extension Mineralization Using Conventional Recovery Processes
TORONTO, May 14, 2020 -- Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD) is pleased to report on the completion of
Phase 1 Metallurgical Studies of high-grade composite samples collected from the Candelones deposits on the Neita
Concession, Dominican Republic. Composite samples were collected from large diameter drill cores recovered in October and
November of 2019. Metallurgical testing was performed at Bureau Veritas Minerals – Metallurgical Division in Richmond B.C.,
under the supervision of Mr. Richard Gowans, B.Sc. P.Eng., President and Principal Metallurgist, Micon International Limited
(“Micon”). The studies commenced with mineral deportment and QEMSCAN analysis in late February and culminated in
recovery of gold from flotation concentrates in late April. Previous metallurgical studies on mineralized samples from
Candelones deposits had not incorporated the higher grade intermediate epithermal sulphide mineralization (types c and d
below).
“Phase 1 metallurgical studies have demonstrated that the Candelones epithermal mineralization responds well to standard
gold recovery techniques”, commented Joe Hamilton, Chairman & CEO of Unigold. “We expect that average recoveries of
80% to 85% are achievable for the later epithermal mineralization at Candelones Extension. Our drilling in 2016, 2019 and
2020 suggests that this high-grade mineralization may overprint the early, low-grade primary mineralization along reactivated
feeder zones. The high-grade domains appear to be continuous with predictable geometry and remain open along strike and at
depth. The later sulphide metallurgy is encouraging and future tests will concentrate on defining a flow sheet that can be used
in economic studies. Column tests of the oxide mineralization suggest 80% gold extraction within 72 hours, suggesting that
the at-surface oxide mineralization may be amenable to heap leach recovery.”
Four, 200 kg composite samples were collected for testing:
a. Low grade oxide mineralization – Candelones Main and Connector;
b. early-stage low-grade disseminated sulphide mineralization – Candelones Extension;
c. later epithermal overprint sulphide mineralization – Candelones Extension, and
d. late-stage epithermal feeder sulphide mineralization Candelones Extension.
Testing demonstrated gravity recoveries ranging from 13% and 53% gold, with the highest gravity recoveries reported from late-
stage epithermal feeder sulphide mineralization (type d above). All of the sulphide mineralization showed standard flotation
recoveries of 92% to 97% gold, 89% to 98% silver and 98% to 99% copper to a bulk sulphide rougher concentrate. Gold
recovery through standard bottle roll leaching of the flotation sulphide concentrate showed recoveries of up to 88% for the late-
stage epithermal mineralization (type d above), with silver recoveries of up to 55%. Preliminary standard leach gold recoveries
of the early-stage and overprint sulphide composite samples (type b and c above) ranged between 30% and 47%. Preliminary
copper flotation testwork on epithermal mineralization (type c and d above) has shown that copper-gold-silver concentrates can
be produced at marketable copper grades with low mass pulls. Disseminated mineralization (type b above) could not produce
a copper concentrate at marketable grades, similar to results obtained in 2013 metallurgical tests. Tests were conducted on
grind sizes between 33 and 77 microns. Recoveries from epithermal mineralization at Candelones do not appear to be
sensitive to grind size.
Once final results have been compiled from this Phase 1 Metallurgical program, the Company will assess and, in conjunction
with our consultants, design a Phase 2 program intended to culminate in a process flowsheet that will likely incorporate
elements of a standard gravity-float-leach circuit.
Metallurgical testing of the oxide composite (type a above) culminated in preliminary column tests using an agglomerated feed
sample. Early results indicated 80% gold and 24% silver recoveries in 3 days of leaching. Column tests were stopped after
thirty days with approximately 85% gold and 35% silver recovery recorded. The fast leach kinetics in the column tests indicate
that heap leaching may be a viable alternative for the at-surface oxide mineralization at the Candelones Main and Connector
deposits. William Lewis, B.Sc., P.Geo., Senior Geologist, Micon International Limited., is currently supervising an update to
the mineral resource estimate of the oxide mineralization which, together with the metallurgical tests, will be used to inform an
economic study on the oxide portion of the deposit at a later date.
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. 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.
Metallurgical Composite samples were assembled from a number of drill holes based on observed geology and mineralogy,
returned chemical analyses, and resource domains. Composite samples were assembled from drill core samples to reflect
characteristic styles of mineralization and are believed to be representative samples.
All metallurgical work was conducted at Bureau Veritas Minerals – Metallurgical Division in Richmond B.C. under the
supervision of Mr. Richard Gowans, B.Sc. P.Eng., President and Principal Metallurgist, Micon International Limited.
Mr. Richard Gowans, B.Sc. P.Eng., President and Principal Metallurgist, Micon International Limited, and Wes Hanson
P.Geo., Chief Operating Officer of Unigold have 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.
Forward-looking Statements
Certain statements contained in this document, including statements regarding events and financial trends that may affect our
future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the
federal securities laws. These statements are based on our assumptions and estimates and are subject to risk and
uncertainties. You can identify these forward-looking statements by the use of words like “strategy”, “expects”, “plans”,
“believes”, “will”, “estimates”, “intends”, “projects”, “goals”, “targets”, and other words of similar meaning. You can also identify
them by the fact that they do not relate strictly to historical or current facts. We wish to caution you that such statements
contained are just predictions or opinions and that actual events or results may differ materially. The forward-looking
statements contained in this document are made as of the date hereof and we assume no obligation to update the forward-
looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-
looking statements. Where applicable, we claim the protection of the safe harbour for forward-looking statements provided by
the (United States) Private Securities Litigation Reform Act of 1995.Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
For further information please visit www.unigoldinc.com or contact:
Mr. Joseph Hamilton
Chairman & CEO
416.866.8157