Joe Hamilton, CEO of Unigold, will provide a progress update on the feasibility, ESIA and Exploitation Licence.
• The Exploitation Concession Application review by the Directorate of Mines in the Dominican Republic has been completed and the application has moved to the next stage with no comments received to date
• Final assays from oxide delineation drilling have been received and are being incorporated into a new Mineral Resource Estimate and mine plan
• Geotechnical work to support the Heap Leach Facility design is ongoing
• • Field work to support the Environmental and Social Impact Assessment is ongoing
Unigold is a Canadian based mineral exploration company traded on the TSX Venture Exchange under the symbol UGD, the OTCQX exchange under the symbol UGDIF, and on the Frankfurt Stock Exchange under the symbol UGB1. The Company is focused primarily on exploring and developing its gold assets in the Dominican Republic. The Candelones oxide gold deposit is within the 100% owned Neita Fase II exploration concession located in Dajabón province, in the northwest part of the Dominican Republic. The Candelones project area is about 20 kilometers south of the town of Restauraćion. The oxide deposit occurs at surface as a result of the tropical weathering of underlying mineralization. Unigold has been active in the Dominican Republic since 2002 and remains the most active exploration Company in the country. The Neita Fase II exploration concession is the largest single exploration concession covering volcanic rocks of the Cretaceous Tireo Formation. This island arc terrain is host to Volcanogenic Massive Sulphide deposits, Intermediate and High Sulphidation Epithermal Systems and Copper-gold porphyry systems. Unigold has identified over 20 areas within the concession area that host surface expressions of gold systems. Unigold has been concentrating on the Candelones mineralization and continues to expand the deeper sulphide resources with on-going drilling.