Coinciding with repeated visits by President Danilo Medina to the border area to make announcements of support for community groups, the Ministry of Energy and Mines announces it has approved a new exploration concession for Unigold. The company has been exploring the region since it was first authorized in 2012.
The Ministry of Energy and Mines has issued authorization to Unigold Inc. for the Neita Fase II Exploration Concession in Restauración, Dajabón province. The Concession is valid for a three-year period after which there is a possibility to two additional one-year extensions. The approved concession has a 21,031 hectare footprint and hosts several gold and copper surface geochemical anomalies, most of which have not been extensively explored.
Joseph Del Campo, interim president and CEO of Unigold commented in a recent press release: “We are very pleased the Dominican Government has approved our exploration concession and we are anxious to resume exploration of the Neita Concession to follow up on the promising results at the Candelones Extension returned from our 2016 exploration drilling program. That drilling, targeting higher grade areas of the inferred mineral resource, was undertaken to evaluate the potential to delimit a higher grade resource amenable to underground mining. The results included some of the highest grades intervals to date at the Candelones Extension deposit. It also intersected, high grade, massive sulphide mineralization within the mineral resource footprint. This copper-gold rich massive sulphide zone remains open at depth and offers an opportunity to increase both the quantity and quality of the mineral resource at Candelones.”
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Unigold
Diario Libre
28 May 2018
