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Precipitate Commences Ground Geophysical IP Survey at Motherlode Gold Project in Newfoundland, Canada
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2022) - Precipitate Gold Corp. ( TSX...
About this update from Precipitate Gold Corp.
[{"type":"text","content":"Precipitate Commences Ground Geophysical IP Survey at Motherlode Gold Project in Newfoundland, CanadaVancouver, British Columbia--(Newsfile Corp. - June 21, 2022) - Precipitate Gold Corp. (TSXV: PRG) (OTCQB: PREIF) (the \"Company\" or \"Precipitate\") is pleased to announce it has commenced ground geophysical surveying at the Motherlode Gold Project (\"Motherlode\" or the \"Project\") within the Burin Peninsula of southern Newfoundland, Canada.The Company has initiated a ground geophysical program of magnetic and induced polarization (\"IP\") surveying at the high priority Motherlode Zone. The IP survey will consist of 11 lines at 100 metre spacing for an estimated total of 7.5 line-kilometers. These two surveys will cover a 1,000 metre portion of the laterally extensive shear-structure trend which bisects the Zone in a northeast - southwest direction. The Motherlode Zone hosts the Project's most notable gold mineralization and related surface colour gossan identified to date, with rock grab sample values up to 25.0 g/t gold* and historical drill results including 3.5m at 1.4 g/t gold. Jeffrey Wilson, Precipitate's President & CEO, stated, \"We're pleased to initiate this important program of detailed ground geophysical surveying at the Motherlode Zone, as this work represents a critical step toward delineating and prioritizing drill targets. The Company's recently completed review and interpretation of existing geochemical, geological, and geochemical data provided prioritized zones warranting detailed follow up groundwork. The IP survey will provide valuable subsurface geophysical signatures within these prioritized zones and aid in identifying targets for an anticipated near-term drill campaign.\"The Company has completed the first phase project-wide exploration program of prospecting, geological mapping and surface sampling, with emphasis on the 7 high priority and 11 secondary target areas outlined in previous news releases. A total of 330 rock samples have been submitted to the laboratory for analyses.  Figure 1: Motherlode Project Location Map and Area of IP Surveying To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/1718/128378_d34c7a11448b38a9_003full.jpg  Figure 2: Photo of Motherlode Zone Surface Colour Gossan (looking north) To view an enhance...