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Unigold Inc.

TSXV:UGDLive AI agent

Unigold is a Canadian based mineral exploration company traded on the TSX Venture Exchange under the symbol UGD, the OTCQX exchange under the symbol UGDIF, and on the Frankfurt Stock Exchange under the symbol UGB1.

Investor website: https://www.unigoldinc.com/

About

Unigold is a Canadian based mineral exploration company traded on the TSX Venture Exchange under the symbol UGD, the OTCQX exchange under the symbol UGDIF, and on the Frankfurt Stock Exchange under the symbol UGB1. The Company is focused primarily on exploring and developing its gold assets in the Dominican Republic. The Candelones oxide gold deposit is within the 100% owned Neita Fase II exploration concession located in Dajabón province, in the northwest part of the Dominican Republic. Unigold has made an application to convert part of this exploration concession into a 9,990 Ha Exploitation Concession: 'Neita Sur'. Unigold made a subsequent application to renew the Exploration Concession over those areas of Neita Fase II that do not fall within the Exploitation Licence area: 'Neita Norte'. The Neita Norte Concession was granted to Unigold in Q2 2023. The Neita Sur Concession application is pending approval by the Dominican Government. The Candelones project area is about 20 kilometers south of the town of Restauraćion. The oxide deposit occurs at surface as a result of the tropical weathering of underlying mineralization. Unigold has been active in the Dominican Republic since 2002 and remains the most active exploration Company in the country. The Neita Fase II exploration concession is the largest single exploration concession covering volcanic rocks of the Cretaceous Tireo Formation. This island arc terrain is host to Volcanogenic Massive Sulphide deposits, Intermediate and High Sulphidation Epithermal Systems and Copper-gold porphyry systems. Unigold has identified over 20 areas within the concession area that host surface expressions of gold systems. Unigold has been concentrating on the Candelones mineralization and continues to expand the deeper sulphide resources with on-going drilling.

Verified company data

Cash position
$8.9 million
Shares outstanding
338,803,817
Fully diluted shares
379,119,814
Mineral resource
Current resources stand at 1.15 million ounces of Measured and Indicated material, and a further 1.1 million ounces of inferred mineralization. Mineral resource estimates and NI43-101 reports have been completed in 2007, 2013, 2015 and 2021. The deposits are open to depth and new high-grade veins are being discovered along-strike.
Projects
["Unigold has been active on the Neita Concession since 2002 and has been steadily moving the project up the value chain. In 2020, the Company revised the Mineral Resource Estimate for the Candelones area and in 2021 released a Preliminary Economic Assessment for the oxide mineralization at Candelones. The Company is completing a feasibility study on the oxide portion of the deposits and costing a heap leach operation that will produce between 30,000 and 40,000 ounces per year for a 3 to 4 year period. The oxide project provides an opportunity for Unigold to assemble permits, supply lines and a trained workforce prior to developing the much larger sulphide resource at Candelones. The delivery of this project will be the Dominican Republic’s second gold mine after Pueblo Viejo and will signal the start of a new industry in the Caribbean nation. The Company’s Neita Concession encompasses 21,031 Ha of the Tireo Formation, a thick sequence of intermediate volcanic and volcanoclastic rocks produced by island arc volcanism that are highly prospective for: Porphyry Cu and Cu-Au deposits; High to low sulphidation Au and Au-Ag epithermal deposits; and Volcanogenic Hosted Massive Sulphide (“VHMS”) Au-Ag-Cu-Pb-Zn deposits. Project to date investment totals CAD$ 51.0 M. Completed work includes: Soil geochemistry of the entire concession (32,000 samples) that has highlighted twenty one (21) prospective targets; 11,000 surface rock geochemistry samples confirming all identified soil anomalies; 32,000 meters of surface trenching, predominantly at the Candelones Main and Connector deposits; 135,000 meters of resource definition drilling at the Candelones Main, Connector and Extension deposits; 23,000 meters of reconnaissance exploration drilling at 12 additional targets. The Company has trained and employs a Dominican labour force and maintains a 98.5% local (25 km radius) hire rate."]
Leadership
Joseph Hamilton, P.Geo, CFA (Chairman of the Board of Directors and CEO, Professional Geologist with over 30 years of experience in mineral exploration, capital markets and mine development. Involved in all facets of the mineral development cycle.), Donna McLean, BA (Chief Financial Officer, Experienced CFO and Controller for numerous publicly-traded and private companies, managing financial reporting and controls.), Wesley C. Hanson, P.Geo. (VP Exploration, Over 32 years of industry experience including exploration, mine development, and project evaluation. Former President and CEO of Noront Resources.), Sr. Ramón Tapia (Country Director, Dominican Republic, Responsible for Unigold’s operating subsidiaries in the Dominican Republic and government relations. Holds a Law degree and an MBA.)

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