Business
Precipitate Commences Exploration within the Lithocap Zone of the Pueblo Grande Gold Project in Dominican Republic
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2019) - Precipitate Gold Corp. (...
About this update from Precipitate Gold Corp.
[{"type":"text","content":"Precipitate Commences Exploration within the Lithocap Zone of the Pueblo Grande Gold Project in Dominican RepublicVancouver, British Columbia--(Newsfile Corp. - February 13, 2019) - Precipitate Gold Corp. (TSXV: PRG) (the “Company” or “Precipitate”) is pleased to announce it has commenced exploration at the Lithocap Zone within the Company’s 100% owned Pueblo Grande project within the Pueblo Viejo Mining Camp in the Dominican Republic.The Company has initiated exploration programs on its priority Lithocap Zone located three kilometres west of Barrick’s world-class Pueblo Viejo gold-silver mine. Near term work to be completed by the Company’s field crews will include the collection of over 1,100 individual soil samples from within the Lithocap Zone to facilitate greater surface sample density and a more comprehensive geochemical database from within the priority target area. In addition, crews will begin preparation for a ground magnetic geophysical survey expected to focus primarily within the Lithocap Zone.Jeffrey Wilson, Precipitate President & CEO, stated, \"We are pleased to commence our exploration program at the Lithocap Zone, an area where we postulate a potential parallel high sulphidation epithermal system with similarities to the neighbouring Pueblo Viejo gold-silver mine. The Lithocap Zone was sampled by prior operators with samples taken at 100 metre by 100 metre spacings. The goal of our current program is to expand the scope of the geochemical data from this area by tightening up the sample spacing to 50 metres by 50 metres for greater sample density to refine existing and notable concentrations of anomalous mineralization and/or important trace or pathfinder elements that will aid in prioritizing target areas within the lithocap. Results from this initial exploration phase will provide a strong foundation and guidance for subsequent stages of work which will likely include ground magnetic geophysical surveying and high-level alteration-geological mapping in advance of drill hole targeting.\"Field work is focusing on the portion of the regionally extensive high-level advanced argillic Lithocap alteration which coincides with a notable geophysical magnetic high; a target area measuring approximately 2.5 km by 3.0 km which has seen little past systematic exploratio...