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 (DR). It is focused on exploring and developing its significant land position in the DR, within the highly prospective Cretaceous-age Tireo Formation. The Company’s Neita Concession encompasses 21,031 hectares (ha) of the Tireo Formation, a thick sequence of intermediate volcanic and volcanoclastic rocks produced by island arc volcanism that are highly prospective for Porphyry Cu and Cu-Au deposits; High to low sulphidation Au and Au-Ag epithermal deposits, and Volcanogenic Hosted Massive Sulphide (VHMS) Au-Ag-Cu-Pb-Zn deposits. Its Candelones Project is located south of the town of Restauracion in the northwestern Dajabon Province of the Dominican Republic. Its Candelones oxide gold deposit is within the 100% owned Neita Fase II exploration concession located in Dajabon province, in the northwest part of the Dominican Republic.

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Unigold Inc

Bullboard Posts

Comment by quark_1on Jul 24, 2013 9:23pm

349 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

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