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Precipitate Identifies Several Multi-Element Soil Geochemical Anomalies at the Pueblo Grande Gold Project in Dominican Republic
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2019) - Precipitate Gold Corp. (TSXV:...
About this update from Precipitate Gold Corp.
[{"type":"text","content":"Precipitate Identifies Several Multi-Element Soil Geochemical Anomalies at the Pueblo Grande Gold Project in Dominican RepublicVancouver, British Columbia--(Newsfile Corp. - June 3, 2019) - Precipitate Gold Corp. (TSXV: PRG) ( \"Precipitate\" or the \"Company\") is pleased to announce results of the detailed infill geochemical soil sampling survey conducted within the Loma Cuaba Lithocap Zone of the Company's 100% owned Pueblo Grande Project located three kilometres west of Barrick's world-class Pueblo Viejo gold-silver mine in the Dominican Republic. The detailed infill soil sampling program conducted within the highly altered Loma Cuaba Lithocap Zone has identified and refined numerous multi-element anomalies of surface mineralization within the target zone; several of which have an important northwest trend. Northwest trending geological structures at the neighbouring Pueblo Viejo gold mine frequently host high-grade feeder-style gold mineralization. See the accompanying map or the Company's website (www.precipitategold.com) for the Loma Cuaba soil anomaly illustration map.Highlight results are as follows.The largest northwest trending multi-element soil geochemical anomaly exceeds 2,000 metres (\"m\") in length, by 400m width, and is open to the southeast, projecting from the eastern property boundary shared with the Pueblo Viejo mine site;Soil anomalies contain elevated gold, silver, molybdenum, copper, zinc and lead values, with important pathfinder elements associated with high-sulphidation epithermal systems, such as arsenic, antimony, mercury, selenium and tellurium. Soil anomalies on the north portion of Loma Cuaba have a stronger base metal signature;Many of the northwest trending soil anomalies are coincident with silica enriched (erosion resistant) topographic high ridges, which provide clear linear early stage exploration targets; and Historical drilling has tested only small portions of these large soil anomalies, or in some cases not at all, leaving large areas prospective for future drill testing. Jeffrey Wilson, Precipitate's President & CEO stated, \"We are very pleased that our first phase of field work within this highly prospective zone has identified and refined numerous multi-element soil anomalies enriched with many of the important elements commonly associated high sulphidation epithermal mineraliza...