Unigold Inc V.UGD

Alternate Symbol(s): UGDIF

Metals & Mining Gold

Unigold Inc. is a junior natural resource company. The Company is in the business of exploring its mineral concession properties in the Dominican Republic. It is focused on exploring and developing its gold projects in the Dominican Republic. It owns 100% of the exploration rights for gold, silver, zinc, copper, and all associated minerals on the Neita Property (Neita) in the northwestern Dominican Republic. Its Neita concession covers 21,031 hectares (ha) area within the prospective Tireo Formation, a thick sequence of intermediate volcanic and volcanoclastic rocks produced by island arc volcanism that are prospective for porphyry copper (Cu) and copper-gold (Cu-Au) deposits; high to low sulphidation Au and gold-silver (Au-Ag) epithermal deposits; and volcanogenic hosted massive sulphide (VHMS) gold-silver-copper-lead-zinc (Au-Ag-Cu-Pb-Zn) deposits. The Candelones Project is located south of the town of Restauracion in the northwestern Dajabon Province of the Dominican Republic.

TSXV:UGD - Post by User

Unigold Inc

Bullboard Posts

Comment by quark_1on Jul 24, 2013 9:23pm

347 Views

Post# 21628769

RE:RE:RE:Those 9 cent asks will be bought very very soon ...

Well, if you read their quarterly report, they state that they may slow down exploration to conserve
cash - which is a red flag according to Rick Rule from Sprott.
The big dump has not occured as there are 10^6 shares for sale at 10 cents.
There are almost a quarter of a million shares outstanding.
The grades aren't exactly stellar.
The 5 millon from the IMF are just a drop in the bucket.
Does that answer your question.
Quark

Bullboard Posts

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle