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Santo Dominigo.– Unigold Inc. announced the discovery of a new gold zone on the southwestern flank of the Los Candelones high-sulfidation epithermal gold deposit, in the province of Santiago, Dominican Republic.

This new zone has been traced in an east-west direction over a 1800 meter strike length by gold in soil anomalies. The peak gold in soil anomaly is 2.9 grams per ton Au, coincident with Candelones Suroeste.

According to the company, grab samples taken from outcrops and boulders over several hundred square meters surrounding the 2.9g/t gold anomaly graded up to 4.5 grams per tonne (g/t) gold from barite-bearing, argilic-altered rocks.

Candelones Suroeste is interpreted as an east-west trending gold zone parallel to the know trend of mineralization on the main Candelones deposit located 1km to the northeast. Host rock and style of mineralization on the new discovery are analogous to those on Los Candelones.

Furthermore both areas are coincident with low magnetic signatures. Work is progressing to ascertain whether Candelones Suroeste represents the faulted western portion of the main deposit or parallel zone related to the same mineralization event.

Unigold Inc. is a Canadian public company whose principal activity is to explore, discover, and develop gold deposits on its 100% owned 226 square kilometers of high-potential property in the Dominican Republic. The project in the country is a unique opportunity for Unigold because of its exceptional geology and attractive business climate.

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COMMENTS
16 comment(s)
Written by: josean, 2 Feb 2008 3:57 PM
From: United States
"100% owned 226 square kilometers of high-potential property in the Dominican Republic."

While we dig for a METRO nobody wants or needs, the PLD sells out our resources to foreign mining interests. Ah, but its OK, its modernity and these foreigners are not Haitian!
Written by: JRRubirosa, 2 Feb 2008 5:49 PM
From: United States, Port Washington, LI (New York)
To Josean: I thought You were Haitian?? Now I'm confused buddy
Written by: josean, 2 Feb 2008 9:41 PM
From: United States
Confused is an understatement.
Written by: Armando, 3 Feb 2008 2:33 AM
From: Dominican Republic
Josean, "nobody" in Santo Domingo "wants or needs" the metro? Now that's a highly egocentric point of view. I presume you don't have to rely on "carros públicos" or pedestrian-ramming FENATRANO buses. I also presume you don't live in Villa Mella and need to report everyday at 7:30 at your workplace located near La Feria, which implies getting up at 5:30 every day in order to make breakfast for your children before you venture yourself in a “carro público” through the depressingly congested Máximo Gómez avenue (a trip consisting of more than one hour inhaling all the emissions from the poorly-maintained vehicles that inhabit Dominican streets). Need I describe as well how congested and “breathable” Máximo Gómez Ave. is between 17hrs and 19hrs, period within which you would rush back home just to make dinner?
Written by: josean, 3 Feb 2008 8:27 AM
From: United States
There is not one example of a METRO solving overcrowding in any major city in the world without controlled development.

What, produces the overcrowding are unplanned development, as well as the concentration of resources in one area. What DR needs is decentralized development throughout the country so people do not see that the only way to get ahead is to move to LA CAPITAL.

In fact when you build METROS, overpasses and tunnels, to allegedly alleviate congestion, what you get is more congestion. After these “band-aid solutions” are created people now think is better; then those who were contemplating moving to La Capital, (but had second thoughts because of traffic congestion) now decide to move in, perceiving the "problem has been solved."

Continued:
Written by: josean, 3 Feb 2008 8:28 AM
From: United States
This perception triggers even more people to move in and the congestion grows again, if it had ever really decreased. This negative cycle restarts each time self serving propaganda and promises are made of “we are going to solve the Tapones”! Though now, “the point of diminishing returns,” arrives more quickly as this cycle is reinitiated by so-called "modern solutions" over and over again.

London which controls unregulated building has had to resort to restricting automobile traffic with severe charges and fines to regulate volume. New York is about to enact “Congestion Pricing,” Los Angeles continues to build “freeways” and their traffic jams are world famous. These are examples of cities with the best so called urban planning and prohibitive prices for the average Joe and Juanna.

Continued:
Written by: josean, 3 Feb 2008 8:29 AM
From: United States
Now imagine what will La Capital look like in ten years with our rate of poverty and virtually no zoning or building code enforcement. Then add to that, these “solutions,” making moving to the city appear as the only hope for the desperate poor to move forward.

Ah, pero es “Pa, lante que vamos,” into chaos!
Written by: MrThelmoAlmeydaRancier, 3 Feb 2008 4:01 PM
From: United States, NJ
josean:
I could not but agree on the above posters by you . I have been a firm believer of decentralization of the gvt functions from day one.
All the jobs don't have to be in the capital, just because all the ex-leaders & dictators were from the South, including Trujillo and that favored them at national expense,to continue to the present..

I ask myself Trujillo came from San Cristobal and built the armament factory there including the munition plant. What ever happened to it ? This would had been the first step towards industrial revolution for DR. From rifles to refrigerators, air conditioners,motors,household goods etc..

Has any one any idea what happened to "Zhkoudack" equipt bought in Europe in 1947? 500 techs. Hungarians and zchecks alike? Did the military vandolized it and sold it for scrap to make a fast fortune? Some one must remember the CRISTOBAL RIFLE? If any one out there knows the fate of the industry please post it.
Written by: josean, 3 Feb 2008 7:46 PM
From: United States
MrThelmoAlmeydaRancier, per your request.

http://en.wikipedia.org/wiki/Cristobal_(carbine)
Written by: MrThelmoAlmeydaRancier, 3 Feb 2008 9:35 PM
From: United States, NJ
josean:
Thanks for the info very informative and educational. Is there a way of knowing what ever happened to the milling machines since no more rifles were produced ?

The infrastructure as well as the "TORNOS'as known in Spanish were very expensive and lucrative for those so call generals to leave behind without making a profit for themselves.

Do you know the fate of the industry at the present or any one that reads this poster?

To my understanding it cost the DR gvt US$40mn to bring it over w/o the production factor,plus
addition from Italy since the USA will not sell anything to Trujillo, he was forced to make his own.

On todays term we are talking about US$400mn enogh to have electric power for the entire island

josean, If you come across any article like this please forward them to me highly appreciated
thanks. Mr Thelmo Almeyda Rancier
Written by: dreadlocks, 4 Feb 2008 12:04 PM
From: United States
Josean, those are some heavy duty analyses about the metro. i myself am about weary of trying to explain to the enthusiasts that we have no idea if it will alleviate traffic breakdown, since it appears that no demographic studies were done before it was undertaken
Written by: MrThelmoAlmeydaRancier, 4 Feb 2008 1:00 PM
From: United States, NJ
josean,dreadlocks,Armando:

Have you guys stop to think the operating cost of the METRO ? Maybe the people that will ride it
have no idea the cost per kwh as well as maintanance,pay-back borrowed money to built same,
daily ispection at the barn.Just because it is a new equipment does not make it fail free.

I think i did mentioned to you guys the cost per riders in NYCTA. Federal+State+municipality(NYC)
pays for 80% plus riders 20% of the total cost per ridership. It is all split in 4 parts. Considering $3
x 4= US$12.00 a person. Thanks to the other 3 subsidies makes NYC affordable for the poor and not only the poor ride the same ,which gives you a total of 4mn riders/day both ways. That will not be the case in DR. They think it is going to be for free,while the State picks up the subsidy for life.

Another thing getting off the subject . Does the DR congress thinks that the loans are mandatory as long as they meet sertain criteria? Bunch of Welfare Recipients !

Written by: dreadlocks, 4 Feb 2008 3:15 PM
From: United States
Mr Rancier, as usual you weigh in not with emotion, but with facts and figures. i wish that the metro enthusiasts would publish just one fact on which they base their support. as you say, just wait until the thing breaks. some guys think it is like fixing a passola. and wait until they see the electricity bill to run this beast, especially at rush hour!!!
Written by: MrThelmoAlmeydaRancier, 4 Feb 2008 4:47 PM
From: United States, NJ
dreadlocks : At least some one is reading my posters and understand me , No (BS) but facts .

I was so happy reading facts from josean about the armament industry of DR from 1948-1961.
Did you read it ?

All i wanted to know what ever happened to that industry. Do you know ?

I am trying to figure out what ever happened to those milling machines(TORNOS) which would be so valuable for the METRO instead of sending out for parts to be made in France it could be made locally.

You see what happens when they don't think ahead to better the country ? Replacing parts could be very expensive when it is imported, because you would have to pay ongoing union salaries and more when they know you don't have the facilitie to make them. A TORNERO miller in the USA
are the highest paid per hr ,close to US$ 175.00- 195.00 per hour. Some times it takes him 9 hrs to make a particular part. It could be for a plane or helicopter or a ship. In this particular case would be for the METRO .
Written by: MrThelmoAlmeydaRancier, 9 Feb 2008 7:18 PM
From: United States, NJ
Josean :
You are so right on your poster above . I was watching" GLOBO VISION"Cracas ,Venezuela TV station on today 2/9/08 There they adressing the same issue as the one you stated above .

Their subway system is 25 yrs old and colapsing already. The cost is 10 times per riders as opposed to public transportaion above ground by bus or taxi. The congestion did not go away by simple adding a subway as their analyst was commenting. It got wors with subway and they keep digging for more lines but their population has grown 4 times since it was first opened. What he said is very much what you had mentioned and i decided to go back and let you know this.

I think NYC was looking into how to aliviate the congestion into the city to and fro work place but had to be done by its employment needs. They were thinking on making a 10 hrs work instead of 8 hrs and a 4 working day instead of 5 all equates to 40 hrs/week.It did not get off the drawing board parly due away from home too long.
Written by: josean, 13 Feb 2008 8:45 AM
From: United States
Thank you MrThelmoAlmeydaRancier.
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