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Precipitate's Ground Magnetic Survey Further Refines Drill Targets within Copey Hill Zone at Ponton Project, Dominican Republic
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2020) - Precipitate Gold Corp.&#...
About this update from Precipitate Gold Corp.
[{"type":"text","content":"Precipitate's Ground Magnetic Survey Further Refines Drill Targets within Copey Hill Zone at Ponton Project, Dominican RepublicVancouver, British Columbia--(Newsfile Corp. - September 10, 2020) - Precipitate Gold Corp. (TSXV: PRG) (OTCQB: PREIF) (the \"Company\" or \"Precipitate\") is pleased to announce results and preliminary interpretation of the ground magnetics geophysical survey conducted at the Copey Hill epithermal gold target of the Company's 100% owned Ponton Project in the Dominican Republic.The ground magnetic geophysical survey has successfully delineated numerous discreet and variably linear magnetic low anomalies, which often align well with gold enriched surface soil and rock samples. This correlation is particularly apparent at the South Anomaly where surface rock samples have reported highlight values of 53.0 g/t gold and 17.0 g/t gold*. Many of the magnetic low anomalies are interpreted to reflect likely zones of hydrothermally induced magnetite destruction; a common alteration/geophysical feature in gold epithermal systems. See the accompanying map or the Company's website for additional illustrations of the Copey Hill magnetic anomaly illustration map.Jeffrey Wilson, Precipitate's President & CEO stated, \"We are pleased with the latest magnetic survey results as the identification of multiple magnetic low anomalies coincidental with combined high-grade gold rock samples and elevated gold-in-soil values supports the Company's gold epithermal model and vectors our drill target delineation to specific priority areas where these anomalies overlap. Additionally, the Company has engaged former Newmont Mining chief geophysicist, Tom Weis to conduct 3D inversion computer modelling and assist in the interpretation of the latest magnetic data to gain further insight on the sub-surface geophysical characteristics of the Copey Hill Zone in advance of drill target selection\".Ponton Project Copey Hill Zone Ground Magnetic Geophysics with Soil & Rock Geochemical AnomaliesTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/1718/63571_103c07d144372a8c_003full.jpgInitial interpretation of magnetic maps has inferred numerous crosscutting structures (trending north, northeast and northwest) that commonly overlap or are proximal to gold enriched overlying surface soil an...