Unigold and Everton advance in gold mining in Dominican Republic
At a time when environmentalists and the general public are strongly opposed to Falcondo Xstrata mining in Loma de Miranda, two international gold mining firms, Unigold and Everton, have announced that they are making progress in their gold exploration programs.
Unigold has announced a focused exploration drilling program on the Neita Concession and that field crews are mobilizing to drill the Loma de Montazo target in their quest to confirm gold mining potential in the north-central area of the country. Loma de Montazo is located near the Candelones trend where an inferred mineral resource of 39.5 million tonnes averaging 1.6 g/t gold for 2 million ounces of gold has already been identified.
The company also announced local scale mapping is in progress at Km. 6, Mariano Cestero and Valle Nuevo. Unigold has also completed trenching at Cerro Berro, Cerro Simon, Jimenez and Cruz de Cabrera targets, as reported by the company.
At the same time, Everton Resources announced that its exploration continues.
Everton says it has completed a diamond core drill program at the Ampliacion Pueblo Viejo property and reports that several intervals of anomalous gold, copper, silver and pathfinder elements were encountered.
The company also reported it is advancing on its Ponton concession (100% Everton), where planning is underway for line cutting and an Induced Polarization (“IP”) survey to be conducted once government permission is granted. The timeline is for a drill program to be carried out later this year.
As reported by the company, previous Everton work on the concession has identified interesting gold mineralization in soil anomalies within the area to be surveyed with IP. These surficial anomalies will be targeted by the proposed drill program.
On 1 April 2014 Everton announced the successful acquisition of options on six Dominican mining concessions.
In a related story, Fidel Santana, presidential candidate for the Frente Amplio, said that the town of Cotui is the best example of how mining areas do not benefit from the industry. He said the town is neglected, with no sewage system, and high unemployment and few opportunities for its people.
Source: DR1, Evertonresources.com
Category: DR News |