Business
Precipitate Gold: Geophysical Surveying Generates More Targets at Melchor and Peak Zones
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2017) - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is pleased to announce re
About this update from Precipitate Gold Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2017) - Precipitate Gold Corp. (the \"Company\" or \"Precipitate\") (TSX VENTURE:PRG) is pleased to announce results and interpretation from the latest geophysical and geochemical surveys at the \"Melchor\" and \"Peak\" Zones located at the southeastern end of the Company's 100% owned Juan de Herrera project in the Dominican Republic. Precipitate has completed a comprehensive interpretation of recently collected geophysical and geochemical survey data at the Melchor and Peak Zones, located approximately 12 kilometres (\"km\") southeast of the Company's Ginger Ridge Zone. Together, soil and rock sample results, induced polarization (\"IP\") and airborne magnetic geophysical survey data identify multi-layered target areas for both the Melchor and Peak Zones. See the accompanying two maps or the Company's website for both Zones gold-in-soil anomalies and IP + magnetics geophysics illustration maps. Highlight results for the combined newly generated geochemical and geophysical data for the Melchor and Peak Zones is as follows: Melchor Zone Target area measuring 2.2 km by 0.6 km including three parallel and fairly well defined multi-element soil anomalies with gold up to 181 parts per billion (\"ppb\"); Highlight rock grab sampling with gold values up to 7.7 g/t Au; The three southeast trending soil anomalies are further defined by various geophysical features of mixed moderate-high and low IP chargeability-resistivity and magnetic low signatures, important for potential gold mineralization in the region; and Geological mapping indicates much of the area to be underlain by regionally favourable rhyolite and dacite rocks. Peak Zone Target area measuring 2.0 km by 0.7 km, includes four loosely outlined multi-element soil anomalies with gold up to 286 ppb; Highlight rock grab sampling with gold values up to 1.57 g/t Au and copper values to 0.6%; Geophysical responses including mixed moderate-high and low IP chargeability-resistivity and magnetic signatures; are coincident with the soil anomalies; Located 4.5 km southeast of GoldQuest Mining's Jengibre zone, where past work reported highlight rock channel sampling results of 59.5 metres grading 1.58 g/t gold (see GoldQuest news release of October 7, 2009) and rock samples to 17.7 g/t gold and 1.4% copper; and Sampling of other a...