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Precipitate Soil Sampling Further Defines Five New Targets in Advance of Geophysical Surveying
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 16, 2016) - Precipitate Gold Corporation (the "Company" or "Precipitate" or "PRG") (TSX VENTURE:PRG) is pleased
About this update from Precipitate Gold Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 16, 2016) - Precipitate Gold Corporation (the \"Company\" or \"Precipitate\" or \"PRG\") (TSX VENTURE:PRG) is pleased to announce final results from a follow up and infill soil sampling program over five targets delineated at its Juan de Herrera project in the Tireo Gold Trend of the Dominican Republic. The five targets are \"South East\", \"Jengibre South\", \"Melchor\", \"Peak\", and \"JT\" (see accompanying map for zone locations: http://media3.marketwire.com/docs/2016_08_16_NR_Followup%20Geochem_Map_Final.pdf). The latest soil sample assays represent results from a detailed geochemical survey focused within five newly delineated targets, predominantly located within the southern region of the project, as identified in the spring and announced in the Company's news release dated May 10, 2016 (see May 10, 2016 news release for detailed information on all five zones). Analytical results have substantiated and refined the size and form of these significant multi-element surface anomalies, all five of which are coincident with regional airborne magnetic anomalies and are hosted within favourable Tireo volcanic lithologies. The Company has initiated an extensive control grid line establishment over multiple anomalies and plans to commence IP geophysical surveying shortly. Work will commence at the Ginger Ridge Zone by upgrading and expanding the original IP control grid in preparation for additional geophysical surveying and drill testing. Subsequently, crews will establish geophysical control grids on the new geochemical zones, starting with the South East, Jengibre South and Peak zones. Precipitate's President & CEO, Jeffrey Wilson stated, \"We are pleased to see that the follow up soil sampling program has further substantiated and advanced our five new targets to merit induced polarization (\"IP\") geophysical surveying. The latest results support ongoing exploration to identify multiple new drill-worthy targets within our project area. The forthcoming IP survey, expected to commence in the coming weeks, will test prospective Tireo volcanic terrain that has never seen any high level gold exploration. As we continue down the same scientific and systematic path that led to the Ginger Ridge discovery, we look forward to commencing the next phase of work as part of our ongoing e...