Unigold Summary of Neita Exploration Program to date
UNIGOLD INC.
P.O.Box 936, STN Adelaide, Toronto, Canada M5C 2K3
T. 416.866.8157
www.unigoldinc.com
PR No. 2020-07
Unigold Summary of Neita Exploration Program to date
Toronto, Ontario, March 17, 2020 – Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD) is pleased to
provide an update on the status of its exploration program at its Neita Concession in the Dominican Republic.
The Company has completed a total of 48 diamond drill holes. Two holes are in progress testing feeder zones
for the high-grade sulphide mineralization intersected at Targets B and C. These current holes are expected
to cumulatively total about 1000 meters. Twenty-eight drill holes totaling approximately 750 meters were
drilled to assess the oxide resource, determine depth to the transition boundary and to collect sufficient
sample material for metallurgical testing. Significant results for the project to date are included in Tables 1.0
(Candelones Sulphide Resource) and 2.0 (Candelones Oxide Resource).
Sufficient material has been collected from both sulphide and oxide mineralization to support metallurgical
testing. The bulk samples are currently undergoing metallurgical testing 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 Ltd. The studies commenced with mineral deportment and
QEMSCAN analysis in late February and early March. No metallurgical studies incorporating the higher grade
sulphide mineralization have been completed in the past. These early results are encouraging and will be used
to inform and design the second stage of metallurgical tests, which are expected to get underway shortly.
Material results will be released when verified and the significance can be communicated effectively.
Joe Hamilton, Chairman and CEO of Unigold notes: “The results to date have exceeded our expectations, with
85% of the holes completed to date intersecting what we categorize as significant mineralization. Our stated
objectives when we commenced this program were to upgrade a portion of the inferred mineral resource to
the Indicated category and we believe we have achieved that goal. We also wanted to collect representative
bulk samples for metallurgical testing of the near surface oxide and the higher grade sulphide mineralization
identified in 2016. Finally, we also wanted to evaluate the exploration potential of the Candelones Extension
deposit at depth to determine if there were opportunities to increase the current mineral resource. Our initial
step out drill results targeting the higher grade mineralization at depth has been very successful and results
suggest that both the grade and thickness of the mineralization are increasing at depth.”
Unigold Inc. Press Release: March 17, 2020 2
Table 1.0 – Candelones Sulphide Resource - Summary of Significant Results 2019-2020
(1) Intervals are reported as drilled length not true width. There is insufficient data at this time to estimate true width.
Target From(m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (%) Zn (%)
LP19-131M 244.30 381.00 136.70 1.94 NSV 0.20 NSV
including 284.00 309.00 25.00 5.67 NSV 0.40 NSV
LP19-132M 237.50 336.50 99.00 3.42 2.8 0.33 NSV
including 287.30 318.70 31.40 4.72 4.1 0.50 NSV
LP19-133M 221.00 323.00 102.00 1.65 NSV 0.26 NSV
including 283.00 300.00 17.00 7.31 22.5 1.22 NSV
LP19-137 258.20 393.50 135.30 1.28 1.1 0.14 NSV
including 306.50 321.80 15.30 5.75 3.7 0.52 NSV
LP19-138 292.50 422.00 129.50 1.29 0.9 0.13 NSV
including 351.00 394.00 43.00 3.04 1.8 0.26 NSV
LP19-141 393.00 407.00 14.00 1.69 2.4 0.70 NSV
LP20-143
LP20-145B
LP20-147
LP19-134M 286.00 392.00 106.00 1.90 2.8 0.22 0.30
including 368.00 392.00 24.00 4.59 3.4 0.54 0.23
LP19-135 303.70 440.60 136.90 1.83 2.0 0.15 0.20
including 397.30 421.00 23.70 6.03 4.9 0.31 0.10
LP19-139 275.00 392.50 117.50 1.91 3.2 0.14 0.80
including 309.40 326.00 16.60 3.37 13.0 0.30 2.13
LP19-140 180.00 297.00 117.00 1.27 18.1 0.08 0.84
including 188.30 197.00 8.70 4.38 74.6 0.44 3.42
LP19-142 180.10 411.50 231.40 1.11 2.7 0.12 0.37
including 180.10 194.10 14.00 2.60 5.4 0.09 0.85
and 498.40 506.10 7.70 3.65 1.1 0.27 0.23
LP20-144
LP20-149
LP20-146 111.00 161.00 50 4.19 15.7 0.26 0.15
including 111.00 120.50 9.5 14.14 46.6 0.26 3.20
LP20-148
LP20-150
LP20-152
LP20-154
LP20-156
A
B
C
Hole (#)
RESULTS PENDING
RESULTS PENDING
IN PROGRESS
IN PROGRESS
RESULTS PENDING
RESULTS PENDING
RESULTS PENDING
RESULTS PENDING
RESULTS PENDING
RESULTS PENDING
Unigold Inc. Press Release: March 17, 2020 3
Figure 1.0 – Candelones Extension Longitudinal Section Looking North
Unigold Inc. Press Release: March 17, 2020 4
Table 2.0 – Candelones Oxide Resource - Summary of Significant Results 2019-2020
(2) Intervals are reported as drilled length not true width. There is insufficient data at this time to estimate true width.
The holes currently underway are the final two holes in our 2020 Phase 1 exploration program. Final results,
when received, will be compiled and used to design our Phase 2 drill program. The commencement of the
Phase 2 program will depend on a number of factors including an assessment of the impact of Covid-19 to the
Dominican Republic, to our supply chain in that country, to our local and expatriate employees and to the
immediate communities around our operations. Recent announcements by the Government of Canada urging
Canadian residents to return to Canada and recommendations by the World Health Organization to combat
the spread of the Covid-19 virus have prompted us to recall our expatriate employees to Canada. The final
two holes will be logged remotely, and sampled by our Dominican staff using existing protocols.
The Company will host a Webinar update on Wednesday March 25 at 10:30am to discuss results to date .
Further details will be included in future press releases and posted on our website.
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
Zone Hole (#) From (m) To (m) Interval (m) Au (g/t)
Connector DCZ19-54 0.0 13.4 13.4 0.65
DCZ19-55 0.0 22.5 22.5 0.65
DCZ19-56 0.0 23.0 23.0 1.37
DCZ19-57 0.0 21.0 21.0 1.08
DCZ19-58 0.0 21.0 21.0 0.93
DCZ19-63 0.0 18.0 18.0 0.44
Main DC19-143 0.0 14.2 14.2 0.31
DC19-146 0.0 16.3 16.3 1.25
DC19-148 0.0 30.3 30.3 1.33
DC19-149 0.0 29.8 29.8 0.54
DC19-150 0.0 25.1 25.1 0.46
DC19-151 0.0 23.0 23.0 0.93
DC19-152 0.0 32.4 32.4 1.19
DC19-153 0.0 31.6 31.6 1.52
DC19-154 0.0 20.0 20.0 4.07
DC19-157 0.0 17.4 17.4 0.41
Unigold Inc. Press Release: March 17, 2020 5
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
Forward-looking Statements
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