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Unigold Inc. Delivers Positive PEA for Candelones Oxide Project


Average annual payable gold production of 31,000 oz
50% Pre-Tax Internal Rate of Return (“IRR”), 35% After-Tax IRR
US$50 Million Pre-Tax Net Present Value (“NPV”), US$34 Million After-Tax NPV
After-Tax Payback Period 1.8 years from start of production
Average annual after-tax free cash flow of US$23 Million
Initial capital expenditure (“Capex”) of US$36 Million (includes US$5 Million for EPCM and indirect costs in addition to US$5 Million as contingency)
AISC of US$744/oz Au
Average gold recovery of 75%; total cash operating cost of US$13/tonne
Creation of approximately 100 direct jobs and 50 indirect jobs during operation
Direct taxes payable to Government of $24 million over life of mine ....

Dominican Republic , British Columbia , La Vega , Richard Gowans , Bill Lewis , Nigel Fung , Chris Jacobsc Eng , Halyard Inc , Unigold Inc , Micon International Limited , Micon International , Frankfurt Stock Exchange , Sensitivities Base Case , World Gold Council , Bureau Veritas Commodities Canada Ltd , Study Base Case , Venture Exchange , Canadian Institute Of Mining , Feasibility Study , Principal Metallurgist , Candelones Oxide , Base Case , San Martin , Canadian Institute , Definition Standards , Mineral Resources ,

Unigold Identifies NEW, Near Surface, High Grade Mineralization at Candelones Extension


(2)
Drilled interval reported includes 44.0m of barren dike material, the grade of which has been assumed to be 0.00 for all metals.
(3)
Drilled interval reported includes 10.0m of barren dike material, the grade of which has been assumed to be 0.00 for all metals.
Holes LP20-167, LP20-169 and LP20-165 (previously reported in PR 2021-03), were drilled as a fence of holes in a SW direction, perpendicular to the dominant NW drill orientation. This alignment roughly parallels the andesite-dacite contact which is interpreted to control the low-grade mineralization halo. The holes were designed to test interpreted high-angle northwest to northeast trending fault zones that disrupt the high grade mineralization at both Targets A and B while providing intersections of both Target A and Target B.   All three holes intersected evidence of faulting (Ref. Figure 2.0) which is currently being assessed prior to positioning follow-up drill holes. ....

United States , Dominican Republic , British Columbia , Wes Hanson , Joseph Hamilton , Bureau Veritas , Unigold Inc , Bureau Veritas Commodities Canada Ltd , Venture Exchange , Regulation Services Provider , Candelones Extension , Plan View , Extension Deposit , Section Looking , Bureau Veritas Commodities Canada , Hansonp Geo , Chief Operating Officer , Discovering Gold , Private Securities Litigation Reform Act , Joseph Hamilton Chairman , Tsx Venture Exchange Ugd , Unigold Candelones , Mineral Exploration , ஒன்றுபட்டது மாநிலங்களில் , டொமினிகன் குடியரசு , பிரிட்டிஷ் கொலம்பியா ,