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Precipitate Reports Motherlode Gold Project Drilling; Intersects Targeted Pyrite-Gold Zone
(TheNewswire) Vancouver, B.C. – TheNewswire - February 14, 2023 - Precip...
About this update from Precipitate Gold Corp.
[{"type":"text","content":"Precipitate Reports Motherlode Gold Project Drilling; Intersects Targeted Pyrite-Gold Zone\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C. –\n \n \n TheNewswire -\n \n \n February 14, 2023 -\n \n \n Precipitate Gold Corp.\n \n (the “\n \n Company\n \n ” or “\n \n Precipitate\n \n ”) (\n \n TSXV:PRG\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:PREIF\n \n ) is pleased to announce\nresults from its fall 2022 diamond drill program comprised of 2,716\nmetres of drilling in 12 drill holes\n \n from the\n \n Company’s\n \n Motherlode Gold\nProject\n \n (“\n \n Motherlode\n \n ” or the “\n \n Project\n \n ”) located within the Burin Peninsula of southern\nNewfoundland, Canada.\n \n \n Highlight core sampling results include drilled intercepts yielding\n \n 12.1 metres of 1.0 gram per tonne\ngold\n \n \n (hole ML22-03)\n \n \n , including 3.0m of 2.2 g/t Au\n \n and\n \n 4.5m of 0.94 g/t Au\n \n \n (hole ML22-04),\n \n \n including 3.5m of 1.07 g/t Au\n \n . Though modest in thickness and\ngrade, these results support a reinterpretation of the Motherlode\nZone’s gold mineralization model type from the originally postulated\norogenic gold model to a low sulphide replacement style model. The\nlatest drill program tested an area less than one third of the more\nthan three-kilometer-long Motherlode structural corridor, leaving much\nof the corridor open for possible future drilling, should the Company\nelect to test the reinterpreted model.\n \n S\n \n ee the\ntable below of highlight core sample results and the accompanying maps\nand figures.\n \n \n \n 2022 Motherlode Zone DDH Program\nHighlight Gold Intervals\n \n \n \n \n \n \n \n \n \n Hole\nID\n \n \n \n \n \n \n From (m)\n \n \n \n \n \n \n To\n \n \n \n \n (m)\n \n \n \n \n \n \n Interval * (m)\n \n \n \n \n \n \n Gold\n \n \n \n \n (g/t)\n \n \n \n \n \n \n \n \n ML22-01\n \n \n \n \n \n \n 118.90\n \n \n \n \n \n \n 120.06\n \n \n \n \n \n \n 1.16\n \n \n \n \n \n \n 0.35\n \n \n \n \n \n \n \n \n ML22-02\n \n \n \n \n \n \n 63.40\n \n \n \n \n \n \n 67.10\n \n \n \n \n \n \n 3.70\n \n \n \n \n \n \n 0.42\n \n \n \n \n \n \n \n \n ML22-03\n \n \n \n \n \n \n 91.40\n \n \n \n \n \n \n 103.50\n \n \n \n \n \n \n 12.10\n \n \n \n \n \n \n 1.00\n \n \n \n \n \n ...