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.

TSXV:UGD - Post by User

Unigold Inc

Bullboard Posts

Comment by lockandon Sep 17, 2013 5:48pm

215 Views

Post# 21746784

RE:RE:The report

The report is also located on their website.

Excerpt taken from the technical report:

"This defined a historical mineral reserve of probable and possible categories of two million

tonnes grading 1.10 g/t ( 0.46 million tonnes grading 1.04 g/t gold and 1.58 million tonnes

grading 1.11 g/t gold) and a stripping to ore ratio of 6:1.5 with a planned annual production of

300,000 tonnes. The BRGM group declared in their report that at the gold prices the Candelones

deposit was uneconomic.

At the Candelones East deposit, the historical inferred mineral resource was estimated at three

million tonnes grading 1 g/t Au".

Bullboard Posts

Day trading vs. swing trading strategies for small-cap stocks