UNIGOLD STRATEGY

Unigold’s strategy is to target bulk tonnage, open pittable, oxide gold deposits with a goal to finding a deposit equivalent in size to the world class Pueblo Viejo Gold Mine in the Dominican Republic.

The Pueblo Viejo Gold Mine has produced over 5 million ounces from oxide ore between 1975 and 1993 and contains an additional geological inventory of 30 million ounces of gold in sulphide ore. A major mining company is presently completing a feasibility study on the Pueblo Viejo gold deposit and they report the measured and indicated resource to be 178 million tones grading 3.1 g/t gold containing 17.5 million ounces.

FUTURE PLANS

The next round of drilling on Los Candelones is designed to outline higher grade zones, confirm the mineralization continuity on the sulphide zones as shown by the IP and also to confirm gold mineralization continuity within the sections of the other chargeability zones where they have not yet been tested by diamond drilling.

The Los Candelones Gold Deposit is in the early stages of evaluation by diamond drilling. The coincident gold in soil geochemistry, IP chargeability highs, scattered trenching and 38 diamond drill holes spread over an area of 1200 meters by 600 meters provides a large target which could host a multimillion ounce gold deposit.

FOCUS

Unigold is focusing on gold exploration in the Dominican Republic within the 75 km wide Cretaceous age volcanic belt which transects the country.

The Unigold Neita property (22,616ha) is underlain by very favorable Cretaceous age volcanic geology in an environment known to host the world class Pueblo Viejo Gold Mine.

The Neita property contains about 20 large hydrothermal alteration zones as identified by an airborne magnetic and radiometric survey which are partly coincident with gold in stream sediment anomalies that represent prime targets for exploration.

A 22 kilometer long structural contact zone between the Upper (mafic) and Lower Tireo felsic volcanic rocks, which is also a gold in stream sediment anomaly, has been shown to carry gold (up to 11.9 g/t) and copper (up to 20% in veins) mineralization at three widely spaced locations. Contact is virtually unexplored. An IP geophysical survey on two small areas outlined excellent chargeability targets over large alteration zones believed to represent sulphide mineral concentrations.

Unigold has an option to acquire the contiguous Los Guandules Concession (13,386 ha) which is underlain by the south easterly extension of the rocks which host the gold mineralization found on the Neita property.