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Precipitate and GoldQuest's Geochemical Compilation Reinforces Camp Scale Potential and Highlights New Target Areas
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 22, 2016) - Precipitate Gold Corporation (the "Company" or "Precipitate" or "PRG") (TSX VENTURE:PRG) is pleased
About this update from Precipitate Gold Corp.
[{"type":"text","content":" VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 22, 2016) - Precipitate Gold Corporation (the \"Company\" or \"Precipitate\" or \"PRG\") (TSX VENTURE:PRG) is pleased to announce further results from its ongoing collaborative data review and target modelling of the Tireo Gold Trend being conducted in concert with GoldQuest Mining Corp. The companies have integrated their rock geochemical and geological databases to create the first cohesive multi-company technical dataset for the Dominican Republic's Tireo Gold Belt; a new gold-copper exploration camp that has generated multiple discoveries in recent years. The merged surface rock and geological mapping datasets cover more than 50 kilometers of the Tireo trend, complementing the merged geophysical and remote sensing databases discussed in past releases. This new dataset highlights fifteen (15) prospects and known discoveries, along with numerous other highly prospective geochemical anomalies that require follow up (see attached map). Previously reported assay numbers from within the combined datasets include individual rock sample highlights* of 67.8 grams per tonne ('g/t') gold ('Au') and 13.2% copper ('Cu') from Romero South, 17.0 g/t Au and 17.2% Cu from South Guama, 17.7 g/t Au and 1.4% Cu from Jengibre, 11.8 g/t Au from Ginger Ridge, and 7.9 g/t Au from Melchor. (* Note: rock grab samples are selective by nature and are unlikely to represent average grades on the properties.) Precipitate's President & CEO, Jeffrey Wilson stated, \"The result of the amalgamation of the two company's geophysical, geological and now geochemical databases provides invaluable insight into the characteristics of the region's mineralized environments. Not only do we see the proliferation of elevated gold/copper mineralization stretching more than 50 kilometers along the belt, but perhaps more importantly, the compiled data reveals highly prospective geological and geophysical targets where little or no prior sampling or geochemical work has been conducted or reported. Given Precipitate's core objective is to identify and discover new mineralized zones, these untested but highly prospective areas represent priority targets for immediate follow up as we prepare for the commencement of a next phase of work.\" Work at Romero, Romero South and Ginger Ridge has highlighted the importance of focusin...