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Precipitate Gold Acquires 100% Interest in Gold and Silver Property Adjoining Barrick and Goldcorp’s Pueblo Viejo Mine in Dominican Republic
VANCOUVER, British Columbia, Oct. 24, 2018 (GLOBE NEWSWIRE) -- Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is pleased to announce it has
About this update from Precipitate Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 24, 2018 (GLOBE NEWSWIRE) -- Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is pleased to announce it has entered into a purchase-sale agreement with Everton Resources Inc. (“Everton”) (TSX.V: EVR) whereby, subject to closing, Precipitate will acquire a 100% interest in three of Everton’s Dominican Republic exploration concessions, including two highly prospective concessions (the “Pueblo Grande Property”), adjoining Barrick’s and Goldcorp’s world-class Pueblo Viejo gold-silver mine, one of the largest gold mining operations in the world. Highlights of New Property Acquisition: 100% interest in a strategic land position adjoining Barrick’s Pueblo Viejo mine (largest active gold mining operation in Latin America; fourth largest gold mining operation in the world*) Two historical drill zones (Tres Bocas and La Lechoza) with impressive near surface gold and silver intercepts warranting follow-up; Substantial areas of under-explored Advanced Argillic alteration adjacent to, and on strike from the Pueblo Viejo open pits; Extensive drill dataset from over 200 historic drill holes totalling approximately 29,500 metres; Situated in an active and mining-friendly district within 10 kilometers (“km”) of 3 operating mine sites; Select highlight historic trench samples (from La Lechoza zone): 11.3 grams per tonne (‘g/t’) gold and 310 g/t silver over 18 metres (Linear Gold, 2015) 6.65 g/t gold and 18.8 g/t silver over 22 metres; including 22.1 g/t gold and 48.6 g/t silver over 4 metres 1.13 g/t gold over 18 metres 4.35 g/t gold over 10 metres Select reported historical highlight drill intercepts include: Metres (m) Gold (g/t) Silver (g/t) Zinc (%) Zone Everton News Source 23.4 m 4.76 23.0 La Lechoza Jan 27/11 (DDH APV-30) 10.6 m 2.96 104.9 9.4 Tres Bocas May 17/06 (DDH TBM-07) 27.0 m 2.46 26.7 La Lechoza Feb 02/11 (DDH APV11-02) 7.5 m 2.56 47.2 4.4 La Lechoza Dec 20/10 (DDH APV10-13) 10.5 m 2.29 65.0 3.4 La Lechoza Apr 13/11 (DDH APV11-30) All above noted intercepts commence at less than 20m drill depth and are drill intercept widths. The true thickness of the zones has yet to be determined. Map View of All New Acquired ConcessionsMap View of Pueblo Grande ...