NEITA PROPERTY
| Exploration | Neita Site Facts |
|---|---|
| Location | 22,616 hectares northwest Dominican Republic |
| Topography | Rugged terrain with slopes and valleys, tropical jungle, and rural pasture lands |
| Access | Network of highways and connecting roads |
| Geology | Volcanism and intrusion of granitic rocks of Tireo Formation developed during the Upper Cretaceous age of 65 to 98 million years ago |
| Mineralization | Epithermal gold with low sulphidation have been discovered over the 190 km strike length of the Tireo Formation and high sulphidation gold mineralization has been located at the Los Candelones Gold Deposit |
| Deposit Types | Gold has been found associated to vein type sulphides found in quartz, and porphyry copper mineralization as well as in high sulphide epithermal settings |
The property contains many soil geochemical gold showings within major hydrothermal alteration zones that are prime exploration targets.
The property has not seen major exploration and has a high potential of hosting additional gold resources.
Unigold's first pass on the Neita Fiscal Reserve property was to target bulk tonnage, near surface, open pittable, oxide gold deposits where the gold can be recovered by conventional methods and the deposit can be put into production quickly and with low capital expense.
Four areas that stood out from the first pass exploration included: Los Candelones, El Corozo, Montazo-Guano and the 22 km long contact between the Felsic and Mafic volcanic rocks of the Tireo Formation.
The Neita Fiscal Reserve is being converted to an Exploration Concession (22,616 ha) which will be valid for 3 years plus 2 additional years upon application. After this 5 year period, the concession must be converted into an Exploitation Licence which is generally issued for 75 years.
Click here for Geology & Mineralization information
Download Neita Fiscal Reserve Compilation Map
