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Precipitate Initiates Airborne Geophysical Survey at the Motherlode Gold Project in Newfoundland, Canada
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2021) - Precipitate Gold Corp. ( ...
About this update from Precipitate Gold Corp.
[{"type":"text","content":"Precipitate Initiates Airborne Geophysical Survey at the Motherlode Gold Project in Newfoundland, CanadaVancouver, British Columbia--(Newsfile Corp. - October 25, 2021) - Precipitate Gold Corp. (TSXV: PRG) (OTCQB: PREIF) (the \"Company\" or \"Precipitate\") is pleased to announce the commencement of a property-wide helicopter-borne geophysical survey at the Company's Motherlode Gold Project within the Burin Peninsula of southern Newfoundland, Canada.The property-wide heliborne high sensitivity magnetics-radiometrics geophysical survey will compliment the Company's ongoing review of existing detailed historical property data. Following receipt and review of the geophysical survey results, the Company plans to initiate focused groundwork including prospecting, mapping and sampling over select geophysical and geochemical anomalies, specifically where known mineralized showings coincide with geophysical anomalies. The goal of the program is to delineate and prioritize distinct areas for future exploration and advancement toward drill testing. The survey will use high sensitivity magnetic and radiometric detectors and will comprise an estimated 1,700 line kilometres, at 75 metre line spacing.Jeffrey Wilson, Company President & CEO stated, \"We're excited to start exploration on the Motherlode gold project, as it represents a newly consolidated and contiguous land package hosting multiple areas of significant known mineralization that have never been systematically explored as one project. Commencing this geophysical survey is an important first step in understanding the project's potential and garnering new geophysical information that can be applied in vectoring toward favourable structures and lithologies with the potential to host gold mineralization and drill-worthy targets.\" Figure 1: Motherlode Project, Property-wide Mineral ShowingsTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/1718/100673_4fc301ae14debb2d_003full.jpgMotherlode ProjectPrecipitate has the right to acquire a 100% interest in the Motherlode Project which is comprised of 12,350 hectares on Newfoundland's south coast. Access and logistical infrastructure are excellent, with year-round road access, high-power electrical lines running through the project, nearby Atlantic Ocean ports, and an active nearby industri...