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Precipitate Gold Drills 10.47 Metres of 0.83 g/t Au at Juan de Herrera Project, Dominican Republic
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2017) - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is pleased to provide di
About this update from Precipitate Gold Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2017) - Precipitate Gold Corp. (the \"Company\" or \"Precipitate\") (TSX VENTURE:PRG) is pleased to provide diamond drilling results for the ongoing Ginger Ridge East Zone drill program at its 100% owned Juan de Herrera project in the Dominican Republic. The first phase Ginger Ridge East Zone diamond drill program includes eight shallow drill holes totalling 812 metres, holes EA17-01 to 08 testing a portion of the anomaly. Laboratory results and drill core observations indicate the targeted East Zone volcanic rocks are enriched with gold, zinc and copper mineralization of a possible VMS affinity ('Volcanogenic Massive Sulphide'). Highlight core sampling results include mineralized drill intercepts yielding 10.47 metre ('m') of 0.83 grams per tonne ('g/t') gold, and 0.20% zinc (hole EA17-03) and 3.04m of 2.1% zinc and 0.2% copper, including 1.50m of 3.18% zinc and 0.4% copper (hole EA17-06). In addition to the reported drill results, final results for expanded continuous chip sampling of the East Zone's Trench 6 include highlight values of 22.0m of 1.79 g/t gold, including 8.0m of 3.52 g/t gold (see August 09, 2017 news release). Jeffrey Wilson, Precipitate's President & CEO stated, \"We are encouraged by results received from the initial drill testing at the East Zone, as we now have identified multiple intercepts of gold and base metal values and generated encouraging new technical insight to guide the next phases of drilling within this emerging zone. Initial drill data shows that the East Zone mineralization is extensive and hosted in a volcanic setting similar to GoldQuest Mining's Cachimbo Zone located only three kilometres on strike to the northwest. The discovery of zinc-copper enriched rocks in holes 3 and 6 substantiates the VMS working model and provides important guidance in our ongoing data examination and planning. It is important to note that most of the East Zone's geochemical anomaly remains undrilled. Several immediate follow up targets will be the focus of follow up drilling; including a sizable untested area in and around the newly expanded Trench 6 which had not been identified prior to drilling. Ginger Ridge East is a large system with a geochemical anomaly that spans more than one kilometre, with most of the zone under covering mafic rocks. It's impo...