Unigold Inc.

Seventeen drill holes tested six areas around the Candelones resource Drilling has extended the strike of the Candelones Extension mineralization a further 200 meters to the east Drilling at the Connector Zone identified a possible volcanic vent and returned elevated copper and zinc grades over broad, sustained intervals TORONTO, June 09, 2021 -- Unigold Inc. reports its latest results from 17 exploration drill holes from [...]

Unigold Inc. is pleased to report that the Technical Report titled "Updated Mineral Resource Estimate And Preliminary Economic Assessment For The Oxide Portion Of The Candelones Project, Neita Concession, Dominican Republic" has been filed on SEDAR. The Technical Report, with an effective date of May 10, 2021, provides the required technical disclosure supporting the Company's recent PEA study for the oxide portion of the [...]

Unigold Inc. is pleased to announce that the Board of Directors has appointed Mr. Steve Haggarty to the Board of the Company. Mr. Steve Haggarty, P.Eng., is the Managing Director of Haggarty Technical Services Corp., a consulting engineering company providing project, process and risk management services to the mining industry. Prior to forming Haggarty Technical Services, Mr. Haggarty had a lengthy 40 year career with [...]

Measured and Indicated Resources of 24.0 M tonnes averaging 1.50 g/t Au containing 1,158,000 ozs Au . Inferred Resources of 25.4 M tonnes averaging 1.34g/t Au containing 1,099,000 ozs. Au . M&I Resource contains 2.5 million ounces of silver and 65.7 million pounds of copper; Inferred resource contains and additional 1.97 million ounces of silver and 45.9 million pounds of copper. 66% conversion of historic inferred [...]

Unigold Inc. is pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc. , a Rancho Santa Fe, California based investor relations firm, to provide market awareness and investor relations services to the Company, subject to acceptance by the TSX Venture Exchange . Cliff Mastricola is the principal of Torrey Hills Capital and will be responsible for all activities related to Unigold. Torrey Hills Capital [...]

Unigold Inc. announced today that it has elected to exercise its right under the terms of a warrant certificate dated September 18, 2019 governing the common share purchase warrants of the Company issued on September 18, 2019 to accelerate the expiry date of the Warrants. Pursuant to the Warrant Certificate, the Company may accelerate the expiry of these Warrants at any time prior to 5:00 pm on September 18, 2021 in the [...]

Highlights PEA assumes 5,000 tonnes per day run-of-mine heap leach operation Average annual payable gold production of 31,000 oz 50% Pre-Tax Internal Rate of Return , 35% After-Tax IRR US$50 Million Pre-Tax Net Present Value , US$34 Million After-Tax NPV After-Tax Payback Period 1.8 years from start of production Average annual after-tax free cash flow of US$23 Million Initial capital expenditure of US$36 Million AISC of [...]

Candelones mineralization is shown to continue into undrilled areas east of the known resource envelope; LP21-171 and 173 were collared 250 meters east of the former limit of the Candelones Extension drilling; Both holes intersected mineralization within 50 meters of surface; LP21-171, drilled to the south, intersected anomalous mineralization over 189.5 meters, averaging 0.56 g/t Au, starting at a depth of 56.5 meters [...]

LP20-167 intersected 12.0 meters averaging 5.9 g/t Au and 18.0 g/t Ag in a new zone of mineralization east and stratigraphically above Target A; LP20-167 intersected anomalous disseminated mineralization over 328 meters, averaging 1.2 g/t Au; LP20-169 intersected a new zone of blind oxide mineralization just below the collar at surface, returning 14.0m @ 2.11 g/t Au. LP20-169 intersected two broad zones of mineralization [...]

LP20-165 intersected 7.0 meters averaging 21.9 g/t Au and 2.7% Cu at Target B; LP20-165 also passed through Target A, intersecting 17.0 meters averaging 6.7 g/t Au and 0.1 % Cu; Low grade mineralization was encountered starting at the andesite-dacite contact, returning 298 metres of 1.21 g/t LP20-165 is the first hole returned from the deep drilling program: it extended Target B a further 100 m to depth, and extended [...]