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Precipitate’s New Geochemical Data Elevates Southeast and South Jengibre Zones to High Priority Targets at the Juan de Herrera Project, Dominican Republic
VANCOUVER, British Columbia, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV:PRG) is pleased to announce details
About this update from Precipitate Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV:PRG) is pleased to announce details from compiled results and interpretation from the latest geochemical survey at the Southeast and South Jengibre zones located within the Company’s 100% owned Juan de Herrera project in the Dominican Republic. The two neighbouring zones are located approximately six kilometres southeast of the Company’s Ginger Ridge Zones. At the Southeast and South Jengibre zones, new base metal and path finder element anomalies have been delineated through soil sampling and the use of X-ray fluorescence (“XRF”) analysis. This latest work has expanded and refined existing anomalies with new base metal (copper, lead and zinc) soil anomalies. Previous results from Precipitate in these zones included a high-grade copper showing at the Southeast Zone returning a grab sample of 13.5%* copper and trench results of 8.0 metres (‘m’) grading 1.28% copper, including 3.0m of 2.78% copper, and anomalous gold values at the South Jengibre Zone including rock grab samples up to 5.2 grams per tonne gold. The new XRF base-metal-in-soil data provides an additional layer of information about these anomalies when reviewed along with the prior gold and pathfinder geochemical data and induced polarization (“IP”) and magnetic geophysical surveying data generated from these areas. Collectively, these coinciding layers of technical data have elevated the Southeast and South Jengibre zones into high-priority anomalies and emerging future drill targets. See the accompanying XRF data map and Animated Multi-element Anomaly GIF map or the Company's website for the detailed data compilation figures. Jeffrey Wilson, Precipitate’s President and CEO commented, “We are pleased that our XRF soil sampling survey is complementing our existing geochemical and geophysical data. It is important to note that samples from our recent survey, comprised of some 17,400 soil samples, have to date only been analyzed onsite with a portable XRF device. Priority samples from this program will be selected and shipped to for more comprehensive analysis for an expanded suite of elements; the most important of which being gold. Any notable gold values and/or anomalies derived from this future laboratory work will provide a valuable offset to...