
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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2008 DISCOVERIES
The 2008 regional exploration program has added or significantly expanded several gold and gold-copper showings on the Neita property.
Significantly two new zones were discovered in proximity to the Los Candelones deposit. The Candelones Southwest showing is coincident with a 250m gold in soil anomaly and is hosted in strongly clay and silica-altered dacites similar to the main Candelones deposit. Trenching has yielded large intersections of low-grade gold mineralization punctuated by short intervals of high grade gold mineralization. For example trench CDS-07 assayed 96m of 0.5g/t Au including 4m at 6.6g/t Au. A 1000m exploratory drill campaign is planned for this area in the near future.
The second zone, Candelones Extension is located east of the main deposit and is hosted in brecciated volcaniclastic rocks with extensive sulfide mineralization and barite alteration. Mineralization in this breccia has been followed for 500m towards the east and a shallow drill hole assayed 1g/t Au over 10 m. The Candelones Extension showing is significant because it proves that gold mineralization surrounding the main deposit occurs in other rock types and alteration signatures than the main deposit.
The Noisy showing was significantly expanded in 2008. Gold mineralization is now followed for more than 800m with a newly discovered gold zone sampling more than 6.5g/t Au in rockchip sampling and trenching with assay results to 1.03g/t Au over 76m including 4.9g/t Au over 9m. Noisy is coincident with a 2km long gold in soil anomaly and is located at the contact between hornblende dacites and mafic volcanic rocks. An exploratory drill campaign is being prepared to test gold mineralization at depth.
Lomita Piña is a previously unknown gold zone located 2 km east of the Los Candelones gold deposit. Mineralization occurs in veins and lenses of silica-barite-celestite rich rock replacing the host dacite. Gold mineralization has been followed over a strike length of more than 600m with grab samples of up to 11g/t Au and trenches which assayed 2.9g/t Au over 24m including 4.9g/t Au over 12m.
The Jimenez-Pozo Negro area has been reinterpreted and significantly expanded in 2008. The area is host to several gold and gold-copper values grading up to 14g/t Au and 10% Cu + 0.6g/t Au. New discoveries have now identified gold and copper mineralization over a 1.3km strike length and confirmed that this mineralization is associated with Qz-Feldspar porphyry intrusions along a major structural break. These exciting new discoveries have highlighted the potential for very large copper-gold porphyry deposits on the Neita property
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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