Feb 19 2018
Precipitate Gold Corp. is pleased to report regionally compiled results of its near property-wide soil sampling program conducted on its 100% owned Juan de Herrera project in the Dominican Republic.
The combination of previously gathered soil sampling analyses with latest XRF (X-ray fluorescence) scanning data from a nearly property-wide regional-scale survey has identified many new and very wide-ranging base metal anomalies (lead, copper, and zinc) on the company’s Juan de Herrera property. The Southeast and Peak-Melchor areas host some of the more important new base-metal-in-soil anomalies, being kilometer-scale in size and open along strike in no less than one direction. These and other new zones will require follow up soil sampling programs to better describe the full extent of their surface expressions and assist in vectoring drill targets to identify the source of mineralization.
The soil anomalies emphasize the dominant northwest-southeast regional stratigraphic and mineralized trends and show the astonishing relative size and tenor of these new anomalies in comparison to others within the regional Tireo Gold Camp.
We’re pleased with these latest results from our extensive soil sampling survey as they once again support, and in fact expand the project’s potential to host multiple mineralized zones warranting detailed follow-up and future drill testing. Identification of these base-metal-in-soil anomalies is an effective and efficient vectoring tool for identifying prospective VMS (volcanogenic massive sulfide) and epithermal styles of mineralization in the Tireo Gold Camp, as almost all significant mineralized zones within the Camp have an obvious soil anomaly signature.
Jeffrey Wilson, Precipitate’s President and CEO
XRF soil samples were gathered at a density of 25 m by 50 m, with over 17,000 individual soil samples collected and over 14,000 samples tested with a portable XRF device. Portable XRF instruments collect quality base metal and various pathfinder element data but offer limited precious metal results. All soil samples from this phase of exploration have been kept in secure storage for future work, which may include geological review, laboratory analyses, or clay/alteration studies. Previous laboratory soil samples collected by Precipitate and GoldQuest Mining Corp. were collected on a variety of densities (up to a detailed 25 m x 50 m) and were submitted to Bureau Veritas (“BV”) for multi-element ICP-MS analysis. Comprehensive data assessment is ongoing and individual zone-specific thorough compilation interpretations and illustrations are expected in the near future.
This news article 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 article under NI 43-101 standards.