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Unigold Announces New Drilling Results from Candelones Project

Unigold has reported the latest results of the 2012 drill program conducted at the Candelones project, which is located in Neita property in the Dominican Republic.

The company has encountered major results for the holes LP23 and LP22a and targeted the holes to expand the popular gold mineralization from holes LP17 and LP18. Unigold intersected 2.36 g/t gold over 73.0 m in hole LP17 and 1.3 g/t gold over 60.0 m in hole LP18. Additionally, the company has encountered 1.60 g/t gold over 90.0 m in hole LP22a and 2.10 g/t gold over 70.0 m in hole LP23. The deposit stays exposed along strike down dip and in both directions.

According to the CEO and President of Unigold, Andrew Cheatle, these positive results show the property’s potential. The company stepped out 100 m towards the western part of the hole LP17 and 100 m towards the south portion of the hole LP18 and obtained encouraging results, he stated.

The hole LP17 was expanded from 333 to 450 m at the end of the 2011 drilling and cut further mineralized sulphide zones in the dacitic breccia lithology.

Unigold has desired to retain the services of Ontario-based North Star Drilling in order to control the diamond drilling operations and has bought two extra drilling rigs from Atlas Copco. Currently, these rigs are moved to the location of the project. The company is focusing on 40,000 m of drilling in its next exploration phase.

Source: http://www.unigoldinc.com/

Joel Scanlon

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Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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