Unigold Files NI43-101 Technical Report on Candelones Project
June 07 2021 - 6:45AM
Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD, OTCQX:UGDIF,
FSE:UGB1) is pleased to report that the Technical Report titled
“Updated Mineral Resource Estimate And Preliminary Economic
Assessment For The Oxide Portion Of The Candelones Project, Neita
Concession, Dominican Republic” has been filed on SEDAR. The
Technical Report, with an effective date of May 10, 2021, provides
the required technical disclosure supporting the Company’s recent
PEA study for the oxide portion of the deposit and an updated
Mineral Resource Estimate which supports moving a portion of the
sulphide resources to the Measured and Indicated categories.
The updated Technical Report was completed by
Mr. W. Lewis, P.Geo., Mr. A. San Martin, MAusIMM (CP), Mr. R.M.
Gowans, P.Eng., Mr. Chris Jacobs, C.Eng. and Mr. Nigel Fung, P.Eng.
of Micon International Limited. (“Micon”). Micon is independent of
Unigold and Messrs. Lewis, San Martin, Gowans, Jacobs and Fung meet
the requirements of “Qualified Persons” as described in Ni43-101
and the Companion Policy 43-101CP.
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,
the OTCQX exchange under the symbol UGDIF, and on the Frankfurt
Stock Exchange under the symbol UGB1. The Company is focused
primarily on exploring and developing its gold assets in the
Dominican Republic. The Candelones oxide gold deposit is within the
100% owned Neita Fase II exploration concession located in Dajabón
province, in the northwest part of the Dominican Republic. The
Candelones project area is about 20 kilometers south of the town of
Restauraćion. The oxide deposit occurs at surface as a result of
the tropical weathering of underlying mineralization. Unigold has
been active in the Dominican Republic since 2002 and remains the
most active exploration Company in the country. The Neita Fase II
exploration concession is the largest single exploration concession
covering volcanic rocks of the Cretaceous Tireo Formation. This
island arc terrain is host to Volcanogenic Massive Sulphide
deposits, Intermediate and High Sulphidation Epithermal Systems and
Copper-gold porphyry systems. Unigold has identified over 20 areas
within the concession area that host surface expressions of gold
systems. Unigold has been concentrating on the Candelones
mineralization and continues to expand the deeper sulphide
resources with on-going drilling.
Forward-looking
StatementsCertain 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 “may”, “interpreted”, “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
jhamilton@unigoldinc.com
416.866.8157
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