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TORONTO, ONTARIO -- (Marketwire) -- 03/01/13 -- Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE: UGD) is pleased to announce that ongoing drilling has identified near surface gold mineralization at the Candelones "Connector Zone" located within the Company's wholly owned 22,616 hectare Neita Concession in the Dominican Republic. Results have been received to date on ten core holes from the Connector Zone.
Highlights include: - DCZ 10 50.0 m averaging 1.51 g/t gold including 18.2 m averaging 2.99 g/t gold. - DCZ 09 33.0 m averaging 1.79 g/t gold. - DCZ 06 42.0 m averaging 1.16 g/t gold.Table 1: Candelones Connector Zone Initial Results: (Figure 2, Figure 5, Figure 6)---------------------------------------------------------------------------- From To Interval Au Ag Cu ZnHole ID (m) (m) (m) (g/t) (g/t) (%) (%)----------------------------------------------------------------------------DCZ10 2.00 52.00 50.00 1.51 8.8 0.1 0.2----------------------------------------------------------------------------includes 2.00 20.20 18.20 2.99 21.9 0.0 0.0----------------------------------------------------------------------------DCZ09 0.00 33.00 33.00 1.79 8.9 0.1 0.2----------------------------------------------------------------------------DCZ08 15.00 36.50 21.50 0.60 6.4 0.1 0.0----------------------------------------------------------------------------DCZ07 0.00 26.00 26.00 0.94 9.6 0.2 0.1----------------------------------------------------------------------------DCZ06 0.00 42.00 42.00 1.16 4.1 0.1 0.2---------------------------------------------------------------------------- No significantDCZ05 results----------------------------------------------------------------------------DCZ04 17.90 59.00 41.10 0.84 3.9 0.1 0.1----------------------------------------------------------------------------includes 17.90 27.70 9.80 1.52 5.3 0.0 0.0----------------------------------------------------------------------------DCZ03 13.50 23.00 9.50 0.87 7.4 0.0 0.0---------------------------------------------------------------------------- No significantDCZ02 results---------------------------------------------------------------------------- No significantDCZ01 results----------------------------------------------------------------------------Intervals reported above do not represent true widths, which cannot beestimated at this time.
"The presence of near surface mineralization in our initial drilling at the Connector Zone continues to positively demonstrate additional gold mineralization within our Neita Property and reinforces the success we have had following up on recently identified IP targets within our Neita Concession," stated Andrew Cheatle, President and CEO of Unigold. "There are a number of untested IP anomalies within our project area that we are currently evaluating and prioritizing as we continue to build on our success in this exciting world-class exploration district."
