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Sunday, July 30, 2017 Derek Macpherson

UGD Steps Closer to Securing Neita

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Unigold Inc. (TSXV:UGD) has received approval from the Dirección General de Minería regarding its exploration concession application for its Neita Property. The Ministry of Energy and Mines will provide its decision on granting the concession once final review and approval are complete. The application is open for public review, and once the second publication in a national Dominican newspaper is finished, the Ministry of Energy and Mines has 30 days to finalize its decision. This is positive news for the company, and we continue to believe Unigold is likely to maintain control of the Neita concession. Unigold currently trades at C$4/oz, a steep discount to peers at C$50/oz, granting of the concession should help increase share value and close the gap to its peers. read more


Thursday, March 02, 2017 Derek Macpherson

UGD Likely to Maintain Control of Neita

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Unigold Inc. (TSXV:UGD) provided an update on its Neita exploration concession. The company has received notice from the Ministry of Energy and Mines of the Dominican Republic that it is going to uphold Unigold’s exclusive right to reapply for the exploration concession pursuant to applicable laws. Unigold expects to receive a final decision once the evaluation of its application is completed; however, this could take several months, as we have seen with other companies in the Dominican. We view this very positively and believe Unigold is likely to maintain control of the Neita concession, which should help it start closing the valuation gap to peers. Unigold currently trades at C$3/oz, a steep discount to peers at C$54/oz.  read more


Sunday, February 26, 2017 Derek Macpherson

RCKS Pre-PDAC Mining Showcase Presenter Preview

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On Friday March 3th, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Pre-PDAC Mining Showcase. The event features presentations from 21 companies, including a themed lunch presentation by leading corporations in the gold mining sector. Visit the event page for more details on the day’s schedule. In this post, we provide a brief preview on the 21 presenting companies and 13 banner sponsors that will also be in attendance.  read more


Monday, February 20, 2017 Derek Macpherson

Dominican Republic Creates Uncertainty for UGD

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Unigold Inc. (TSXV:UGD) provided an update that suggests there is uncertainty around its ability to renew its Neita exploration concession when the current one expires on March 7, 2017. While this is likely to negatively impact the stock, we highlight that no official decision has been made, as the letter received from the Dominican government was from the General Mines Director, not the Minister of Mines and Energy who makes the final decision with respect to granting the concession. A decision to not re-grant the exploration concession would differ from historical precedent, as other companies operating in the Dominican typically have been re-granted their concessions in similar circumstances. In our view, the most likely outcome is that Unigold is re-granted the exploration concession; however, until there is new information from the government this outcome has elevated risk. As well, this news, at least temporarily, elevates the political risk for the Dominican Republic as a mining jurisdiction and we expect other explorers and developers’ share prices to be negatively impacted by the news, including: GoldQuest (TSXV:GQC), Precipitate Gold (TSXV:PRG) and Everton Resources (TSXV:EVR).  read more


Wednesday, February 01, 2017 Derek Macpherson

UGD Appears to Expand Oxide Portion of Nieta

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Unigold Inc. (TSXV:UGD) announced drill results from eight holes drilled at the Candelones Connector deposit at its Nieta project in the Dominican Republic. The goal of this drilling was to expand the footprint of the existing oxide resource with a view to define potential oxide starter pits. Results were highlighted by a 12m intercept that intersected oxide mineralization and returned 1.2 g/t Au over 8.0m within a wider 14.0m intercept that returned 0.7 g/t Au and 1.1 g/t Ag (DCZ 16-50). While follow-up drilling is needed, this appears to have expanded the footprint of the oxide resource area. In our view, 2017 exploration (both oxide and higher grade zones) along with clarity on potential development scenarios should allow Unigold to close the valuation gap to peers.  read more


Thursday, December 15, 2016 Derek Macpherson

UGD Continues to Intersect High Grades at Nieta

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Unigold Inc. (TSXV:UGD) announced drill results from five holes at Target A and Target B within the Candelones Extension deposit at its Nieta project in the Dominican Republic. Results were highlighted by 5.2 g/t Au, 3.6 g/t Ag, 0.7% Cu and 0.3% Zn over 2.7m (LP16-128) at Target B and 11.8 g/t Au, 3.5 g/t Ag and 0.2% Cu over 5.9m (LP16-124) at Target A. These additional results continue to support our view that higher grade zones are likely to be defined within the larger Candelones Extension resource and it is likely that as a result of this drill program, the grade and number of ounces contained within the Candelones deposit is likely to increase. Consequently, as additional exploration results demonstrate this potential, we believe Unigold is likely to close the valuation gap to peers.  read more


Thursday, November 03, 2016 Derek Macpherson

UGD Making Progress Towards Resource Expansion

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Unigold Inc. (TSXV:UGD) announced six results from Target A and Target B within the Candelones Extension deposit at its Nieta project in the Dominican Republic. Results were highlighted by 5m at 7.8 g/t Au, 22.4 g/t Ag, 0.3% Cu and 1.5% Zn (LP16-118) from Target A and 14.7m at 6.5 g/t Au, 2.4 g/t Ag, 0.9% Cu and 2.4% Zn (LP16-123) from Target B. These results continue to support our view that higher grade zones are likely to be defined within the larger Candelones Extension resource and it is likely that as a result of this campaign the grade and number of ounces contained within the Candelones deposit is likely to increase. Consequently, we believe Unigold is likely to close the valuation gap to peers as additional exploration results demonstrate this potential.  read more


Wednesday, October 05, 2016 Derek Macpherson

Unigold Expands Higher Grade Target A

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Unigold Inc. (TSXV:UGD) announced drill results from four holes at Target A within Candelones Extension deposit at its Neita project in the Dominican Republic. The results were highlighted by 21.2 metres at 6.0 g/t Au; 0.9% Cu (LP16-114), supporting our view that the potential exists for a higher grade resource within the larger lower grade system. While Unigold trades at a meaningful discount to peers, we believe that the definition of higher grade targets should improve the projects viability suggesting a re-rating could be on the horizon. The company´s 2016 drill program is 70% complete and results from Target B are expected in the near-term, potentially providing a near-term catalyst for the stock.  read more


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