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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
Post by believeingoldon May 04, 2020 3:24pm
364 Views
Post# 30984902

DR economy halted will urge gold's operation opening project

DR economy halted will urge gold's operation opening project

As i mentionned earlier the only economic activity in DR will be the GOLD SECTOR. The world's central banks that wants to dedollarized from the USD will massively buy Gold even at historic high price!!!

Get ready for a huge run!!!

The Dominican Republic’s Minister of Energy and Mines, Minister Isa Conde, emphasised the importance of gold mining for the Dominican economy in an interview on April 16, 2020 with a major Dominican newspaper, Diario Libre, in response to the Covid-19 crisis. Minister Isa Conde argued that gold producing countries (like Dominican Republic) have an important advantage. He also stated that gold mining is an ally which will contribute to the rebuilding of the economy after the passage of the pandemic.

Before the Covid-19 crisis, gold mining represented a large amount of the national exports, a contribution likely to rise in importance as virtually all other economic sectors are in decline. In response to the crisis, the Dominican Republic (DR) government has moved swiftly to protect its population, cancelling all European and most North American flights, and closing most hotels, effectively halting tourism in the country, a major plank of the nation’s economy as well as halting other economic sectors.

BeliveinGOLD

https://www.diariolibre.com/economia/isa-conde-pide-aprobar-reforma-a-ley-minera-para-garantizar-mas-recursos-al-estado-NN18629747

Bullboard Posts