Business
Precipitate Gold: Latest IP Results Produce Emerging New Drill Targets at Southeast and South Jengibre Zones
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 5, 2017) - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is pleased to announce res
About this update from Precipitate Gold Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 5, 2017) - Precipitate Gold Corp. (the \"Company\" or \"Precipitate\") (TSX VENTURE:PRG) is pleased to announce results and interpretation from the latest geochemical and geophysical surveys at the \"Southeast\" and \"South Jengibre Zones\" within the Company's 100% owned Juan de Herrera project in the Dominican Republic. The latest results have elevated these zones into emerging possible future drill targets. Precipitate has completed a comprehensive interpretation of recently collected geophysical and geochemical survey data at the Southeast and South Jengibre zones, both located approximately six kilometres ('km') southeast of the Company's Ginger Ridge Zone. Collectively, soil and rock sample results, along with induced polarization (\"IP\") and magnetic geophysical survey data have outlined compelling multi-layered anomalies at both the Southeast and South Jengibre Zones. Notably, surface rock grab sampling at the Southeast Zone has identified a new high-grade copper showing, with laboratory values up to 13.5% copper, 0.5 grams per tonne (\"g/t\") gold, and 52.1 g/t silver*. This early stage Southeast Zone copper showing and other anomalous gold-copper sample locations eastward into the nearby South Jengibre Zone are the focus of ongoing follow up exploration work. Southeast and South Jengibre Zones gold-in-soil anomalies and IP + magnetics geophysics illustration maps Recently completed interpretation of newly generated geophysical data along with current exploration data of the Southeast and South Jengibre Zones has yielded the following highlight results: Southeast Zone 650 metre (\"m\") by 125m multi-element soil anomaly with gold up to 144 parts per billion (\"ppb\"), plus various pathfinder elements (open in all directions, except to the southeast); Northwest trending soil anomaly coincident with important geophysical features, including moderate-high IP chargeability and resistivity and magnetic low signatures important for potential gold mineralization in the region; Discovery of a new early stage high grade copper showing with strong disseminations of chalcopyrite (rock grab samples reporting up to 13.5% copper, 0.5 g/t gold, and 52.1 g/t silver*); and Sampling of other areas between Southeast and South Jengibre has reported copper values up to 1.1% and gold values u...