Aug 10 2017
Precipitate Gold Corp. is pleased to announce results from recent continuous rock chip channel hand sampling at the Ginger Ridge East Zone at the Company's 100% owned Juan de Herrera Property in the Dominican Republic.
The Company has received laboratory results for continuous rock chip channel samples collected from two new trenches located within the Ginger Ridge East Zone, with a Trench 6 highlight interval of 18.0 metres ("m") of 2.20 grams per tonne ("g/t") gold including 4.0m of 3.95 g/t gold. Mineralization is currently open in both trench sampling directions and results for 32 follow up channel samples, for 64m of sampling, are pending. Laboratory results also show elevated copper, lead and zinc values, replicating the multi-element character of the surrounding soil anomaly. See the accompanying map or the Company's website for the Ginger Ridge East Trench location map.
Highlight continuous rock chip channel results from the two latest trenches sampled at the East anomaly are as follows:
- Trench 5: 5.5m of 0.25% zinc including 2.0m of 0.5% zinc; and
- Trench 6 (partial): 18.0m of 2.20 g/t gold, including 8.0m of 3.52 g/t gold, or 4.0m of 3.95 g/t gold.
The true width of the mineralised intervals is uncertain as the orientation of mineralization observed to date is not fully understood.
Jeffrey Wilson, Precipitate's President & CEO stated, "We're excited about these latest trench sampling results as they underscore the prospective nature of the Ginger Ridge East zone. Results from Trench 6 are encouraging as they represent richer gold grades over greater lengths than any prior trench results reported from this, or any other zone within the project. The continued presence of copper, lead and zinc accompanying elevated gold values is in-keeping with the characteristics previously identified in this area. With additional samples from each end of trench 6 now submitted for analysis and drill assay results forthcoming, we're optimistic about the ongoing potential of this emerging new area."
Continuous rock chip channel samples were collected from two incised creeks within the main target area. Sample results from Trench 6 identified an interval of significant gold values which is currently open in both directions. A recent follow up sampling program collected additional continuous rock chip samples, extending Trench 6 sampling 36m to the northeast and 28m to the southwest from the initial work, for a combined total sampling extent of 82m. In advance of receiving the pending East Zone analyses, field crews have mobilized to the southern portion of the project to the Southeast, South Jengibre, Peak and Melchor zones to complete follow up detailed soil sampling, rock chip sampling and focused prospecting to advance these zones for possible drilling.
Rock and soil samples were bagged, sealed and delivered directly to the Bureau Veritas ("BV") preparation facility in Maimon Dominican Republic where they were dried, crushed (or sieved in the case of soils) and pulverized. Sample pulps were then delivered to BV facilities in Vancouver BC (an ISO 9001 accredited facility) for analyses. Samples were crushed (or sieved) to with up to 80% passing 2mm and split using a riffle splitter (code PRP70-250). An approximate 250 gram sub-sample split was pulverized to minus 200 mesh (74 μ). A 15 gram sub-split from the resulting pulp was then subjected to aqua regia digestion and multi-element ICP-MS analysis (code AQ201). Rock sample results with gold values greater than 500 ppb were subjected to fire assay (ICP-ES finish) analysis (30 g pulp; code FA330-Au).
This news release has been reviewed by Michael Moore P. Geo., Vice President, Exploration of Precipitate Gold Corporation, the Qualified Person for the technical information in this news release under NI 43-101 standards.