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Precipitate Identifies Multiple Priority Targets at Motherlode Gold Project in Newfoundland Canada with Comprehensive Data Compilation
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2021) - Precipitate Gold Corp. ...
About this update from Precipitate Gold Corp.
[{"type":"text","content":"Precipitate Identifies Multiple Priority Targets at Motherlode Gold Project in Newfoundland Canada with Comprehensive Data CompilationVancouver, British Columbia--(Newsfile Corp. - November 18, 2021) - Precipitate Gold Corp. (TSXV: PRG) (OTCQB: PREIF) (the \"Company\" or \"Precipitate\") is pleased to announce the latest target refinement results derived from an expanded compilation and review of historical data from the Company's Motherlode Gold Project within the Burin Peninsula of southern Newfoundland, Canada.Interpretation of the Project's historical surface geochemical sampling data (soil, rock, till and lake) in combination with a modern surface lineament structural study confirms and enhances at least 11 priority target areas characterized by elevated concentrations of gold and arsenic combined with underlying or nearby structural features. These attributes are important characteristics for the structurally related orogenic gold style mineralization observed at Motherlode. The accompanying geochemical figure (Figure 1) illustrates numerous target areas identified to date by the Company's latest work. None of the target zones have seen a modern ground geophysical survey, and only one zone has been drill tested in the past, by way of a shallow drill program in 2007. Figure 1: Motherlode Gold and Arsenic Geochemical AnomaliesTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/1718/104031_1534d0e5045bbbb6_003full.jpgIn addition to the data compilation, a property-wide high sensitivity airborne magnetic-radiometric geophysical survey has recently been completed at the project. Following receipt and review of the airborne magnetic data, the Company expects to commence a follow up field program of detailed sampling, geological mapping and ground geophysical surveying within prioritized areas of the project for ongoing advancement and target delineation. See the accompanying maps or the Company's website (www.precipitategold.com) for summary illustrations and additional Motherlode related figures. Jeffrey Wilson, Precipitate's President and CEO commented, \"We're pleased to complete this important compilation of existing data as a cost-effective means of advancing the project. The data derived from the first fully comprehensive digital desktop review of the Motherlode's historical geoc...