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Precipitate Gold Corp.
Summary
| Project: | Juan de Herrera | |
|---|---|---|
| Deposit: | Ginger Ridge | |
| Location: | Dominican Republic | |
| Commodities: | Gold-Copper-Zinc | |
| Date: | 9/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-9-2017: Precipitate Gold Corp. announces an Exploration/Drilling Update report for its Ginger Ridge deposit at the Juan de Herrera project. Drilling results incl. 10.47m @ 0.83g/t Au, 0.20% Zn from 90.34m. Vancouver, B.C. – September 12, 2017 - Precipi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Moore (Internal) | |
| ABSTRACT: | Vancouver, B.C. – September 12, 2017 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is pleased to provide diamond drilling results for the ongoing Ginger Ridge East Zone drill program at its 100% owned Juan de Herrera project in the Dominican Republic. The first phase Ginger Ridge East Zone diamond drill program includes eight shallow drill holes totalling 812 metres, holes EA17-01 to 08 testing a portion of the anomaly. Laboratory results and drill core observations indicate the targeted East Zone volcanic rocks are enriched with gold, zinc and copper mineralization of a possible VMS affinity (‘Volcanogenic Massive Sulphide’). Highlight core sampling results include mineralized drill intercepts yielding 10.47 metre (‘m’) of 0.83 grams per tonne (‘g/t’) gold, and 0.20% zinc (hole EA17- 03) and 3.04m of 2.1% zinc and 0.2% copper, including 1.50m of 3.18% zinc and 0.4% copper (hole EA17- 06). In addition to the reported drill results, final results for expanded continuous chip sampling of the East Zone’s Trench 6 include highlight values of 22.0m of 1.79 g/t gold, including 8.0m of 3.52 g/t gold (see August 09, 2017 news release). Jeffrey Wilson, Precipitate’s President & CEO stated, “We are encouraged by results received from the initial drill testing at the East Zone, as we now have identified multiple intercepts of gold and base metal values and generated encouraging new technical insight to guide the next phases of drilling within this emerging zone. Initial drill data shows that the East Zone mineralization is extensive and hosted in a volcanic setting similar to GoldQuest Mining’s Cachimbo Zone located only three kilometres on strike to the northwest. The discovery of zinc-copper enriched rocks in holes 3 and 6 substantiates the VMS working model and provides important guidance in our ongoing data examination and planning. | |
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