Business
Precipitate's Geological Mapping Yields Extensive Important Surface Silica Zones at the Pueblo Grande Gold Project in Dominican Republic
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2019) - Precipitate Gold Corp. (TSXV...
About this update from Precipitate Gold Corp.
[{"type":"text","content":"Precipitate's Geological Mapping Yields Extensive Important Surface Silica Zones at the Pueblo Grande Gold Project in Dominican RepublicVancouver, British Columbia--(Newsfile Corp. - July 10, 2019) - Precipitate Gold Corp. (TSXV: PRG) (\"Precipitate\" or the \"Company\")  is pleased to announce results and preliminary interpretation of the geological mapping survey conducted at the Loma Cuaba Lithocap Zone of the Company's 100% owned Pueblo Grande Project adjacent to Barrick's world-class Pueblo Viejo gold-silver mine in the Dominican Republic. The geological mapping survey has identified multiple surface exposures of untested strong silica alteration zones, which are a commonly recognized indicator and vector for epithermal feeder structures and potential related mineralization. Notably, many of these silica alteration zones align with, or parallel topographic ridge trends which have similar orientations as the main mineralization structures found at the neighbouring Pueblo Viejo Gold Mine. Jeffrey Wilson, Precipitate's President & CEO stated, \"We are pleased to see the prevalent presence of surface silica zones within the target area as silica represents an important geological indicator for possible high sulphidation epithermal mineralization. Completion of this detailed geological mapping survey has provided us with yet another important layer of technical data to apply to our ongoing evaluation and interpretation of this extensive target area. We are now completing a comprehensive data review, with particular emphasis on our new and exciting 3D magnetic inversion computer model. We expect the compilation of critical components of recently derived data will lead to refinement of favourable areas for delineation of drill targets in the near term.\" See accompanying geological compilation map or the Company's website (www.precipitategold.com) for additional illustrations of the Loma Cuaba geological compilation.Figure 1To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/1718/46188_8c0cc9a8d4290856_003full.jpgThe geological mapping survey was carried out over most of the prospective advanced argillic altered Loma Cuaba Lithocap Zone, with the primary goals of (i) assessing previous historical mapping studies and (ii) providing a strong base for ongoing interpretation of gene...