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 [...]
Unigold Inc. is pleased to announce the appointment of Sr. Ram?n Oscar Tapia Marion Landais as the Country Director in the Dominican Republic. Sr. Tapia will be responsible for supervising all activities of Unigold Inc., and it's operating subsidiaries, in the Dominican Republic as Unigold moves towards development of its Candelones Project. Joseph Hamilton, Chairman and CEO of Unigold, comments, "I am excited to welcome [...]
PFS engineering on oxide portion of the Candelones deposit is continuing with results expected at the end of Q1 Updated Sulphide resource estimate is underway; includes over 35,000m of additional drilling since previous estimates in 2015 Drilling continues to focus on along-strike expansion of known mineralization at Candelones; new drills will allow depth extension of the high-grade epithermal mineralization to be tested [...]
Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations Virtual Investor Conferences, the leading proprietary investor conference series, today announced that the presentations from the December Metals & Mining Virtual lnvestor Conference are now available for on-demand viewing. https://bit.ly/37L6hIV The company presentations will be [...]
Drilling expands Target C mineralization 75 metres to depth and defines eastern extension LP20-176 intersected 7.0 meters averaging 15.06 g/t Au, 4.4 g/t Ag, 0.45% Cu and 6.33% Zn LP20-178 collared in and remained in an interpreted bounding fault for a down-dropped graben; The structural interpretation opens up new exploration targets between Targets B and C in a sparsely drilled area LP155 intersected target [...]
Company Executives share vision and answer questions live at VirtualInvestorConferences.com Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Metals and Mining Virtual lnvestor Conference. Individual investors, institutional investors, advisors, and analysts are invited to listen to the executive management of metals & mining companies discuss [...]
Step-out drilling successfully extends Target C a further 75 metres to the east and 75 metres to depth; LP20-170 intersected 13.0 meters averaging 5.17 g/t Au, 4.2 g/t Ag, 0.1% Cu and 1.67% Zn and a deeper intercept of 5.0 meters averaging 7.44 g/t Au, 10.0 g/t Ag, 0.47% Cu and 0.0% Zn; LP20-172 intersected 3.0 meters averaging 3.98 g/t Au, 2.2 g/t Ag, 0.1% Cu and 1.85% Zn and a deeper intercept of 4.0m averaging 7.18 g/t [...]
Drilling at the eastern targets has not only extended Target B by 40 metres to the east but also intersected the possible extension of Target A in the footwall behind Target B LP20-151 intersected Target B epithermal mineralization which returned 8.0 meters averaging 4.27 g/t Au, 1.3 g/t Ag, 0.1% Cu and 0.6% Zn; LP20-151 also intersected a 39.0 meter interval of massive and semi-massive sulphide grading 0.71 g/t Au, which [...]
LP20-162 intersected 14.0 meters averaging 14.94 g/t Au, 51.6 g/t Ag, 0.3% Cu, 3.6% Zn and a second interval of 6.0 meters averaging 10.30 g/t Au, 5.0 g/t Ag, 0.3% Cu and 1.7% Zn; The mineralization is localized at the upper and lower contact of a magnetic mafic dike which was targeted as a potential marker unit; The high-grade mineralization is within 100 meters of surface; The results suggest that the magnetic mafic [...]
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