First results likely out by end of August
Since Unigold started drilling in early July. The own 4 of their own drills. So operationally , this is a good asset to have. Just under 62 % of Unigold shares are owned by insiders and institutional investors. These are strong hands which will not be easily shaken out. With only 45 million shares out , any further good drill results will propel the stock price up rapidly. Yes they have 2 million oz. of gold at present , but it is basically in the inferred category and is too deep with a low grade for underground mining. They have the money to drill up their highly prospective targets. It is very early in this game now. Long way to go to prove up an economic gold deposit. However , UGD rock hounds have postulated a new geological model upon which they are basing this current drill program. If they are right , UGD will do a hockey stick trading pattern. We shall see