Unity Acquires Interest in Margurete Gold Project, South-Western BC
#313-515 W est Pender Street, Vancouver, BC , Canada, V6B 6H5
www.unityenergycorp.com
UNITY ACQUIRES INTEREST IN MARGURETE GOLD PROJECT, SOUTH-WESTERN BC
FOR IMMEDIATE RELEASE
September 5, 2017 – Unity Energy Corp. (UTY:TSX.V) and (UJN2 – Frankfurt) “Unity” or the “Company” is pleased to announce that it has entered into an agreement with an arm’s length vendor to acquire a 100% interest in the Margurete Gold Project, in south-western British Columbia. The Margurete Gold Project covers 677ha of mineral claims, located in the Phillips Arm area, approximately 120 kilometers northwest of Vancouver in southwest British Columbia, in the Vancouver Mining Division. The Margurete Gold Project was last explored in 2015 with Projectwide prospecting, mapping and rock chip sampling run in parallel with a targeted pack-sack diamond drilling program. A short-hole, pack-sack, diamond drilling program was conducted on the project, utilizing a Shaw diamond drill (AQ sized core) with an effective penetration depth of approximately 12 metres.
The primary target at the Margurete Gold Project is the FB Zone, where Falconbridge encountered gold bearing mineralization at shallow depth. An initial exploration program was completed on the Margurete Project in 1986 by Falconbridge. This program consisted of geochemical surveys, ground-based geophysics and diamond drilling program, which was successful in identifying gold bearing veins, which are believed to be genetically related to the same mineralizing events responsible for the nearby Doratha Morton and Alexandria Gold mines.
Unity can earn a 100% interest in the Margurete Gold Project by paying $340,000 over three years and completing $300,000 in exploration expenditures in five years. The interest is subject to a 1% NSR, of which ½% can be purchased by Unity for $1,000,000.
The technical contents of this news release have been prepared under the supervision of Dr. Peter Born, P. Geo. Dr. Born is a Qualified Person, as that term is defined in National Instrument 43-101, and has approved this news release.
For more information, contact the Company at 604-681-0004 or visit www.unityenergycorp.com.
On Behalf of the Company,
Anita Algie Anita Algie, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.