Business
Precipitate Gold Expands Land Position at Island Zinc Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 28, 2017) - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is pleased to announce th
About this update from Precipitate Gold Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 28, 2017) - Precipitate Gold Corp. (the \"Company\" or \"Precipitate\") (TSX VENTURE:PRG) is pleased to announce the Company has acquired by staking additional land at its Island Zinc project located near Port Hardy, north Vancouver Island, British Columbia. Precipitate has increased the size of project by staking an additional 675 hectares of prospective ground west of the original claim block. The new claim block covers an on-strike extension of the same favourable target limestone rocks found at the property's Main Zone and includes three historical zinc-lead-silver mineral showings (collectively known as the \"South Shore Zone\"). Select South Shore Zone historical highlights include: Rock chip channel samples: 9.5% zinc, 0.1% lead, and 75.4 grams per tonne (\"g/t\") silver over 2.4 metres (1966); and 7.1% zinc, 0.3% copper, trace lead, and 6.9 g/t silver over 6.1 metres (1966) Diamond drill hole 1952-02: 3.0% zinc, and 0.15% lead over 12.3 metres* The Island Zinc Property now includes two non-contiguous claims covering a combined total of 1,023 hectares. See the accompanying map figure or the Company's website for the additional information. Jeffrey Wilson, Company President & CEO states, \"We are pleased to have identified this ground proximal to our initial Island Zinc land position as this area hosts multiple historic showings and was not available for staking at the time we acquired our initial project holdings. The increased land position and increased number of prospective mineral showings within the expanded project provides the Company a significantly broader area to test with a first phase of ground geophysical surveying which may provide an increased number of potentially drill-worthy targets to explore and refine. In the meantime, our very extensive soil sampling program is ongoing at our Juan de Herrera project in the Dominican Republic.\" South Shore Zone Details: The Island Zinc Project claims are located within the east-west trending Nahwitti Lake Mineral Belt which hosts various high-grade zinc-lead-silver carbonate replacement and skarn type mineral occurrences. The South Shore Zone includes three modest size historical zinc-lead-silver-copper surface skarn showings hosted in shallow south dipping, east-west trending limestone rocks, which extend an estim...