
The Dominican Republic project is a unique opportunity for Unigold because of its exceptional geology and attractive business climate.
Mining has been targeted as an important industry, and in recent years the democratically elected government has liberated its tax, ownership, import restrictions, and mining laws in order to stimulate foreign investment. Despite hosting one of the largest gold and silver mines in the world, the rest of the country has remained relatively unexplored for mineral deposits.
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2009 DISCOVERIES
The 2009 regional exploration program has added or significantly expanded several gold showings on the Neita property.
Most of the 2009 gold discovery were encounter within a huge epithermal alteration zone, called Guano-Montazo area, which covers an area of more than 16 square kilometers. This area is located 8 kilometers north-east of Unigold’s Los Candelones deposit. In 2009, geological mapping and geological model reinterpretation lead to high grade gold zone at surface in the oxide zone.
Within this huge epithermal system, Loma Naranjo represents a hydrothermal breccia zone (1200m X 400 meters) with the same assayed up to 2.68 g/t Au over 35m including 4 g/t Au over 23m in trenches. Mineralization is associated to a Ryolitic Dome and occurs as silica-barite rich rock replacing the host volcanic pyroclastite rock. An aggressive drilling campaign is underway for this area.
Separated from Loma Naranjo by a deep valley, Loma Guano is a highly silicified hill corresponding to a Silica cap rock. Geological mapping and exploration work under this Silica cap rock lead to high grade zone such 2g/t Au over 42m including 10.3g/t over 7m in trenches and up to 197.5 g/t Au in grab sample. Presence of Alunite-Dickite-Pyrophillite alteration mineral suggests that this system correspond to a high sulphidation epithermal gold system.
The Noisy gold zone was also significantly expanded in 2009. The epithermal target is located 6 km to the north of Candelones deposit and it corresponds to a 1600 X 300 meters gold in soils anomaly. The anomaly is open to the west and displays the same epithermal signature in the soil survey as Candelones (As,Sb,Ba,Pb, and Zn) and the same magnetic depletion characteristic of the system. The mineralization envelope at Noisy could reach 127 meters over 0.30 g/t in trenches (TR-NO-08-21). The center core mineralization shows a higher grade core at 1g/t Au over 78m including 26m at 2 g/t Au (TR-NO-08-10). Preliminary drilling of five holes (620 meters) intercepted 1 g/t Au over 38m including 2 g/t Au over 10m (hole DN-02). Located at 130m eastward of hole DN-02, hole DN-03 intercepted 0.5 g/t Au over 45m including 0.91 g/t Au over 7m and 1.04g/t Au over 7m. These encouraging results confirm a continuity of gold grade in trench toward depth. Mineralisation occurs in an Argilic hydrothermal breccias hosted in Andesite. An exploratory drill campaign is being prepared to test gold mineralization laterally and toward depth.
Unigold is very encouraged by the results at Loma Naranjo, Loma Guano and Noisy. We are proceeding with further trenching and commencing an exploratory drilling campaign which will include the new targets over the next several months.
Unigold Inc. is a Canadian headquartered public company whose principal activity is to explore, discover, and develop gold deposits. Its main focus to date has been on its 100% owned 226 square kilometers property in the Dominican Republic. 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 20.4million ounces of gold in sulphide ore. (proven and probable). The mine is currently being developed by partners Barrick Gold Corporation and Goldcorp Inc.
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