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Barrick Identifies New Gold-in-Soil Anomalies and Advances Drill Targeting at Precipitate's Pueblo Grande Project, Dominican Republic
(TheNewswire) Vancouver, B.C. – June 10, 2024 – TheNewswire ...
About this update from Precipitate Gold Corp.
[{"type":"text","content":"Barrick Identifies New Gold-in-Soil Anomalies and Advances Drill Targeting at Precipitate's Pueblo Grande Project, Dominican Republic\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C. – June 10, 2024\n \n \n –\n \n \n TheNewswire\n \n \n –\n \n \n Precipitate Gold Corp.\n \n \n (the “Company” or\n“Precipitate”) (TSXV: PRG, OTCQB: PREIF) is pleased to announce\nthat\n \n \n Barrick Gold\nCorporation\n \n \n (“Barrick”) has provided the\nCompany with a\n \n \n 2024-Q1\nexploration update\n \n \n regarding ongoing exploration\nand target delineation within Precipitate's 100% owned Pueblo Grande\nProject (the “Project”). Barrick’s exploration is part of an\nearn-in agreement whereby Barrick has the right to earn a 70% interest\nin the Project.\n \n \n \n \n Pueblo Grande Norte Zone\n \n \n : Drill Target Refinement\n \n \n \n \n \n \n Barrick is currently conducting a detailed ground\nmagnetic survey. Subject to results, additional ground geophysical\nsurveys may follow as a prelude to a follow up Phase III drilling\nprogram within the Zone.\n \n \n \n \n \n \n \n \n As previously reported, latest drilling in this region\nby Barrick encountered encouraging favourable permeable mafic volcanic\ntuff lithologies which are variably affected by high-sulfidation type\nalteration with several events of strong sulfide disseminations,\nsimilar to observations at the neighbouring Pueblo Viejo\nMine.\n \n \n \n \n \n \n \n \n It is anticipated that results from latest drilling\ncombined with newly generated geophysical data will provide the basis\nfor delineating specific targets for a potential next phase of diamond\ndrilling in Pueblo Grande Norte\n \n \n \n \n \n \n Pueblo Grande Sur Zone: New\nGold-in-Soil Anomalies\n \n \n and\nOngoing Exploration\n \n \n \n \n \n \n Soil sample laboratory data received to date (20% of\nthe multi-element results are pending) reveals several new early-stage\ngold-in-soil anomalies located on west and central parts of Pueblo\nGrande Sur; these gold anomalies are often coincident with important\nsilver, arsenic, antimony and thallium pathfinders.\n \n \n \n \n \n \n \n \n The most sizable soil anomaly measures about 2.8km x\n1.0km (as defined by 9...