Unigold Resumes Exploration Drilling Program in the Dominican Republic
27 Junio 2014 - 11:00AM
Marketwired
Unigold Resumes Exploration Drilling Program in the Dominican
Republic
TORONTO, ONTARIO--(Marketwired - Jun 27, 2014) - Unigold Inc.
("Unigold" or the "Company") (TSX-VENTURE:UGD) is pleased to
announce that the Board of Directors has approved resumption of a
focused exploration drilling program on the Neita Concession. Field
crews are mobilizing to drill the Loma de Montazo target.
The advanced
exploration targets identified for this 5,000 meter phase of the
2014 drill program have been extensively examined geologically and
have been defined through the detailed field work and exploration
efforts completed during 2014. The first target to be tested is
Loma De Montazo, which is located approximately 2 kilometers along
the north-west trend from Candelones, where an inferred mineral
resource of 39.5 million tonnes averaging 1.6 g/t gold for 2.0
million ounces of gold has been previously defined. Loma de Montazo
returned the largest and strongest IP chargeability and resistivity
response on the property. It is also associated with a distinct NE
structural break defined by airborne geophysical surveys.
Epithermal style alteration has been observed in field mapping and
anomalous copper mineralization was intersected in historical
drilling located to the immediate south of the drill target.
"We are very excited
to initiate our 2014 drill program. The geological team has
completed excellent, diligent and professional work in defining and
refining these drill targets," said Andrew Cheatle, President and
CEO of Unigold Inc. "We are also very pleased to have our Board
support to complete this work. Unigold's owned drill has now been
mobilized to our first target and our locally trained and skilled
drill crews are keen and ready to begin drilling."
Unigold's highly
experienced geological team has now completed extensive exploration
work and refined four of Neita's 25 plus targets to 'drill ready'
status. Local scale mapping is also in progress at KM6, Mariano
Cestero and Valle Nuevo. Unigold has also completed trenching at
Cerro Berro, Cerro Simon, Jiminez and Cruz de Cabrera targets.
Unigold has
sufficient funding to meet the goals and objectives established for
the current exploration program.
Wes Hanson P.Geo.,
Chief Operating Officer of Unigold and a Qualified Person under
National Instrument 43-101 has reviewed and approved the contents
of this press release.
About Unigold Inc.
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
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assumptions and estimates and are subject to risk and
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identify them by the fact that they do not relate strictly to
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actual events or results may differ materially. The forward-looking
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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.
Unigold Inc.Mr. Andrew M. Cheatle, P.GeoPresident &
CEOacheatle@unigoldinc.comUnigold Inc.Ms. Amanda DillonInvestor
Relations416 866 8157adillon@unigoldinc.comwww.unigoldinc.com
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