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Precipitate Gold Provides Exploration and Drill Targeting Update from Multiple Zones at Juan de Herrera Project, Dominican Republic
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 22, 2017) - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is pleased to provide an
About this update from Precipitate Gold Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 22, 2017) - Precipitate Gold Corp. (the \"Company\" or \"Precipitate\") (TSX VENTURE:PRG) is pleased to provide an update on exploration and drill targeting activities ongoing at the Company's 100% owned Juan de Herrera Project in the Tireo gold district of the Dominican Republic. Exploration and target vectoring work is ongoing at multiple key areas throughout the project. The Company's technical team continues to progress with exploration and evaluation of multiple prospective zones that have not yet been drill tested (see accompanying maps for details). The systematic advancement and ranking of these targets leading to future drill testing is the primary directive of the Company's current exploration efforts. Current exploration is focused on eight (8) primary areas of interest, specifically: Ginger Ridge Main Trend, where the Company believes targets with significant potential remain untested to the north and south (and to depth) of previous drill testing. To date, the majority of drill holes at Ginger Ridge have been focused within an area equating to approximately one quarter of the IP geophysical anomaly, where the chargeability readings were strongest, and drill Hole 5 intersected 13.4 grams per tonne gold over 5.0 metres within a broader intercept of 4.5 grams per tonne over 18.0 metres. Elsewhere within the IP anomaly, where chargeability is more modest but resistivity readings are higher, new targets are being reviewed. Additionally, the more detailed and deeper-reading ground geophysics that was conducted at Ginger Ridge in advance of the Phase 2 drilling shows a substantial depth extension of the chargeability, particularly at the north portion of the anomaly. Multiple areas within Ginger Ridge remain viable targets warranting follow-up; East of Ginger Ridge, is situated along the regional trend to the southeast of GoldQuest Mining's recent polymetallic drill discovery (drill hole TIR-16-09) at the Cachimbo zone. Limited geophysical surveying by Precipitate in this area indicates a broadly similar IP geophysical environment to that found at Cachimbo. Sampling and mapping is currently being conducted over this area to determine geological stratigraphy and surface geochemistry for the potential to host mineralization similar to Cachimbo; South of Ginger Ridge, previous ...