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Unigold Inc.


Unigold Inc. is a Canadian-based junior natural resource company with a large portfolio of projects in the Dominican Republic. The company has been actively involved in exploration in the country for the past decade and is a significant mineral property holder, with its wholly owned Neita property and interest or options in the Sabeneta, Los Guandules and El Carrizal properties, all prospective for gold and copper mineralization. Unigold's long-term strategy is to develop the current gold discoveries through to production. Meanwhile, exploration efforts will continue to secure a consistent pipeline of projects for the future.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Brent Cook, Exploration Insights (9/28/14) "Unigold Inc. is working in the same belt of rocks and has outlined 2 Moz grading 1.59 g/t gold in the Los Candelones deposit. Some of the better intercepts include 77m grading 3.81 g/t gold and 103m grading 1.45 g/t gold."

The Gold Report Interview with Charles Oliver (9/8/14) Unigold Inc. is a gold explorer [in the portfolio]. The company is drilling a very prospective land package, the Neita concession, in the Dominican Republic. Unfortunately, there is not much financing available to the small-cap sector. For companies like this to recover, we'll need higher gold and silver prices. [The company announced in November 2013 an initial Inferred resource of 2 Moz. Yet shares are trading at $0.04. Can this be attributed to the specifics of Neita?] No, it's the market, which is currently is paying nothing for ounces in the ground." More >

The Gold Report Interview with Charles Oliver (5/19/14) Unigold Inc. is a small-cap name in the Dominican Republic. Unfortunately it has been the victim of the small-cap market where investors have turned their backs on these types of companies through no fault of management. I think Unigold has an interesting property with lots of opportunities and drill targets, and could potentially have a mineable resource one day." More >

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Mick Carew, Haywood Securities (11/13/13) "Unigold Inc. announced an initial mineral resource estimate for its 100%-owned Candelones Main, Extension and Connector zones. . .the mineral resource estimate for the Candelones project comprises an open-pit Inferred resource of 33.8 Mt grading 1.45 g/t Au. . .and an underground Inferred resource of 5.7 Mt grading 2.39 g/t Au. . .upside potential remains at the Candelones Extension zone, where gold mineralization is open in all directions and at depth. . .further drilling is required to define the size potential of the Candelones Extension, and the results of additional metallurgical studies will provide further clarity on the impact of the copper, silver and zinc credits."

Mick Carew, Haywood Securities (10/24/13) "Unigold Inc. announced assay results from three metallurgical holes drilled on different sections within the Extension Zone of its Candelones target in the Dominican Republic. . .these drill holes demonstrate the continuity of high-grade gold-silver-copper-zinc mineralization at Candelones Extension defined by initial resource drilling. Mineralized intersections are consistent with the geological interpretation designed for the upcoming initial resource estimate expected in Q4/13. . .the company has identified numerous targets within the property, but is currently prioritizing Candelones, as it believes there is potential to define a world-class-size deposit in this area of the project."

The Gold Report Interview with Charles Oliver (9/23/13) Charles Oliver: Unigold Inc. is still a big favorite of mine. I'll actually be meeting with CEO Andrew Cheatle to get an update in the coming weeks. Once the company has an NI 43-101 for its property in the Dominican Republic, it should show a very sizeable resource. At some point, value will surface. I've been an investor for more than four years.

TGR: Why have you stuck with Unigold for four years?

CO: At the early stage, it was a very cheap company with a lot of historic drilling. But it got caught in the asset-backed commercial paper situation. It was holding a bunch of cash to use for exploration. It set it back. A new management team and board took the reins and helped to raise money to get drilling going. The company has been doing a lot of induced polarization and other geophysical work. It can take a long time to build and develop a mine. You have to be patient, but the rewards can be huge over the long term. More >

Haywood Securities (9/11/13) "In 2013, Unigold Inc. will complete 40,000m of drilling at Candelones. . .in addition, the company is working toward making new discoveries at Neita. . .the company is well positioned to follow up on more than 25 identified, but untested, gold and copper targets."

The Gold Report Interview with Eric Coffin (7/22/13) "One tool that has been quite successful for Unigold Inc. is IP surveys. IP picks up sulphide concentrations that may indicate economic mineralization. . .I think the Candelones project is doing well. . .the company has found a lot of ounces there. Some of the ounces are a little bit on the deep side for the grades it got, but a lot of targets haven't even been drilled yet. Some of the more recent better holes in a couple of the zones look a lot more Romero-ish. You're starting to see copper in some of those holes and some higher gold grades." More >

Haywood Securities (6/18/13) "Unigold Inc. has identified numerous targets within the Neita property, but is currently prioritizing Candelones, as it believes there is potential to define a world-class size deposit at this area of the project. . .drilling to date has intersected mineralization over an extensive area 3km by 2km at Candelones and has been focused above 300m vertically in an effort to define a high-grade, near-surface deposit. . .initial metallurgical tests conducted in 2012 were encouraging, indicating gold, silver and base metal recoveries of 85% to 90% to a clean sulphide concentrate, with 30% of that from gravity circuit."

Danny Deadlock, Ticker Trax (6/10/13) "Unigold Inc.'s stock was 100% higher only two months ago and there is an iceberg sell order from $0.12 to $0.13, generating very good liquidity that may be worth taking advantage of. This is gold exploration in the Dominican Republic that just closed a $5M financing at $0.25 with International Finance Corp. (IFC). .the valuation remains very attractive at this level and the IFC involvement helps derisk the investment."

Jamie Spratt, Clarus Securities (3/28/13) "Unigold Inc. remains focused on exploring its 100% Neita project in the Dominican Republic, where management has steadily expanded the footprint of mineralization in the 3km Candelones corridor. . .we believe that Candelones' size potential and management's systematic approach to exploration make the company one of the select earlier-stage exploration names that investors should consider tucking away. . .we conclude that investors who own Unigold are likely to be rewarded as the market begins to understand the promising potential at Candelones."

Jamie Spratt, Clarus Securities (3/4/13) "Unigold Inc. reported assay results for ten drill holes from the Connector Zone at its Neita project in the Dominican Republic; the results are encouraging as multiple intercepts show wide zones of near-surface mineralization above our calculated average grade from drilling to date of 1.25 g/t. . .success on drilling IP anomalies within this corridor reinforces our view that the Candelones area has multimillion ounce potential. . .we believe that investors with a long-term time horizon are likely to be rewarded for management's systematic approach to exploration on a highly prospective land package."

The Gold Report Interview with Eric Coffin (2/25/13) "Unigold Inc. has a discovery next door to GoldQuest. I don't follow Unigold but have been watching it closely. The company has reported a number of impressive drill results. It will certainly have a resource on its project and has several other targets it has barely started on. . . GoldQuest is doing a very large IP geophysical survey. IP discovered the Romero zone on its Las Tres Palmas property and has been responsible for other finds in the trend like those of Unigold next door." More >

The Gold Report Interview with Mark Raguz (2/20/13) "We're following Unigold Inc. closely. The company's flagship asset is located in the Dominican Republic, which is emerging as a destination for mineral exploration. . .in January 2012, Unigold discovered a zone more than a kilometer away from its Candelones project, which it named the Candelones Extension. Subsequent drilling throughout 2012 traced a wide zone of potentially open-pittable gold mineralization back toward the Candelones Zone. Recently, the on-strike continuity of the mineralization positively surprised us as it appears that a fault-offset induced polarization (IP) anomaly is also mineralized as we move from the Candelones Extension back toward the Candalones Zone. This new zone returned 69m of 3.75 g/t. Follow-up drilling into this 'Anomaly B' has been encouraging and the drilling is ongoing on this target.

". . .The continuation of the gold mineralization from Anomaly A to Anomaly B potentially doubles the strike length of the mineralized zone at Candelones Extension. The company should complete its 40,000m drill program on Candelones and Candelones Extension this year, and is anticipating the completion of an NI 43-101 resource. We're quite excited. . .a lot of interesting upside is still to be tested this year and moving forward. The company remains well financed, which remains a key investing criteria. . .the upside potential is definitely in the multimillion-ounce range. If it were open-pittable that would be fantastic. It has yet to be seen, but it is holding together so far. . .this is one of the rare stories where the market is definitely following drill results." More >

Jamie Spratt, Clarus Securities (2/14/13) "Unigold Inc. reported drill results from five holes testing the second anomaly (Anomaly B) at the Candelones Extension at its Neita project in the Dominican Republic. LP 62 was the stand-out hole, intersecting 103m at 1.45 g/t Au and 0.43% Cu, including 39m at 2.43 g/t Au and 0.78% Cu and 8m at 5 g/t Au and 1.05% Cu. . .we continue to see significant resource potential at Candelones [and] good exploration potential on the company's land package."

The Gold Report Interview with Alexander Medina (1/25/13) "Unigold Inc. has a very promising exploration project too, located in the northwest of the country." More >

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