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Precipitate's Airborne Magnetic Survey Delineates Multiple New Priority Targets at Motherlode Gold Project, Newfoundland Canada
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - Precipitate Gold Corp.
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About this update from Precipitate Gold Corp.
[{"type":"text","content":"Precipitate's Airborne Magnetic Survey Delineates Multiple New Priority Targets at Motherlode Gold Project, Newfoundland CanadaVancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - Precipitate Gold Corp. (TSXV: PRG) (OTCQB: PREIF) (the \"Company\" or \"Precipitate\") is pleased to announce results and interpretation of the airborne geophysical survey conducted over the entire Motherlode Gold Project, within the Burin Peninsula of southern Newfoundland, Canada.Interpretation of the high sensitivity magnetic and radiometric geophysical survey data, in tandem with the recently completed Project-wide analysis of surface geochemical samples (soil, rock, till and lake) and surface structural lineaments, has successfully delineated numerous exploration target areas: 7 high priority targets, 11 secondary targets and 7 lower priority target areas. See the accompanying maps or the Company's website for additional illustrations of the Motherlode magnetic and historical data illustration maps.Figure 1: Priority Target AreasTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/1718/105788_5ce0371704f698ce_003full.jpg  Figure 2: Magnetic SurveyTo view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/1718/105788_5ce0371704f698ce_004full.jpg  Figure 3: Magnetic Target CompilationTo view an enhanced version of Figure 3, please visit:https://orders.newsfilecorp.com/files/1718/105788_5ce0371704f698ce_005full.jpgJeffrey Wilson, Precipitate's President & CEO, stated, \"Airborne magnetic geophysical surveying is a proven and highly effective guide for highlighting areas of potential gold mineralization. We are very pleased with the Motherlode geophysical survey results as they provide far greater geophysical detail than the existing government regional scale magnetic data. When this latest information is combined with our historical exploration analysis, we are able to identify new potential targets and refine existing ones where additional field work is warranted. The Company will now commence a follow up program of detailed sampling, geological mapping and focused ground geophysical surveying within prioritized areas for ongoing advancement and drill target delineation.\"These prioritized target areas are characterized b...