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Unigold Inc V.UGD

Alternate Symbol(s):  UGDIF

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

Bullboard Posts
Comment by montreal10on Sep 18, 2013 9:18pm
277 Views
Post# 21750155

RE:RE:RE:RE:RE:The report

RE:RE:RE:RE:RE:The report
Actually the report was refering to 1998 pre feasibility report...so the price then was...290$ an ounce of gold.

"
The 290 km belt of the Tireo Fm. (Mine Fm. in
Haiti) host several deposits with mineral
inventories in the Dominican Republic and in
Haiti both for gold and copper. In the D.R. two
gold deposits, Centenario and Ca
ndelones have historical mineral inventories of several million
tonnes with grades ranging betw
een 1 and 3 g/t. Au. BRGM (
acts as the French Geological
survey), in a multi-volume pre-feasibility report
dated 1998, estimated an uneconomic, historical
mineral inventory on the Candel
ones Deposit located on the NFR.
The historical resource was
estimated to international standards, but is not ce
rtified by the author to
be to CIM Standards as
his mandate did not cover auditi
ng or reviewing the reserves "
Bullboard Posts