Mr. Jeffrey Wilson reports
PRECIPITATE'S TRENCH SAMPLING YIELDS 6.4 G/T GOLD OVER 1.0M, FURTHER REFINING THE CN ZONE AT THE JUAN DE HERRERA PROJECT, DOMINICAN REPUBLIC
Precipitate Gold Corp. has released the results from continuing hand trenching and outcrop sampling, within the
CN zone at the company's 100-per-cent-owned Juan de Herrera project in the Dominican Republic.
Recent new hand trench sampling at the
CN zone
has yielded a
highlight result of 6.4 grams per tonne (g/t) gold over 1.0 metre
(m). Continuing exploration continues to refine and expand the gold-enriched structure, which now has a
surface trace of an estimated 300 metres, including the offset extension of the zone to the south. Follow-up sampling will continue to focus on this southern region to determine the full surface trace of the gold enriched structure. Highlight results from the latest work at the CN zone are as follows.
CN zone highlights:
-
To date, 11 hand trenches have been created and chip-channel sampled over the surface trend of the gold-enriched structure, with
the latest two trench results reporting as follows:
-
Trench 15:
6.4 g/t gold and 6.5 g/t silver over 1.0 m, within 2.8 g/t gold over 3.8 m;
-
Trench 16: nil Au (poorly exposed structure zone);
-
Previously reported CN zone trench results:
-
Trench 11:
7.2 g/t gold and 16.6 g/t silver over 1.0 m,
within 3.7 g/t gold over 3.75 m;
-
Trench 10: nil Au (poorly exposed structure zone);
-
Trench 9:
7.2 g/t gold and 5.0 g/t silver over 2.0 m,
within
3.9 g/t Au and 4.2 g/t Ag over 5.0 m;
-
Trench 8: nil Au (poorly exposed structure zone);
-
Trench 7:
4.3 g/t gold over 0.6 m
(off-trend and down slope from main structure);
-
Trench 5: 83.6 g/t gold and 29.0 g/t silver over 1.0 m;
-
Trench 4: 0.2 g/t gold and 2.1 g/t silver over 1.0 m;
-
Trench 3:
32.2 g/t gold and 286.0 g/t silver over 5.1 m;
-
Trench 2: 1.5 g/t gold and 12.6 g/t silver over 3.0 m;
-
Trench 1: 1.0 g/t gold and 8.8 g/t silver over 4.0 m.
Note: Hand trenches 6, 12, 13 and 14 tested off-trend rocks located down slope to the west of the main structure, which reported subanomalous laboratory results.
Exploration has extended the
surface trace of the gold-rich structure to an estimated distance of 300 m, including the offset extension of the zone, about 30 metres west of the main structure's surface terminus at its southern extent. The structure
has a northwest-southeast trend and dips about 50 degrees to the northeast, with an apparent width ranging from 0.5 to 6.0 m, averaging about one m width.
Jeffrey Wilson, Precipitate's president and chief executive officer, stated: "Once again, we are encouraged by the latest results derived from our ongoing exploration and target delineation programs within the expanding CN zone.
"Additional sampling by VP, exploration, Michael Moore and his team continues to return assay results reporting elevated grades of gold and other important pathfinder minerals, including the previously reported values from
trench 5 that returned
83.6 g/t gold and 29.0 g/t silver over 1.0 m. We're pleased with these latest results and intend to continue our fieldwork over this and other prioritized zones as part of our ongoing objective to advance multiple targets to a drill stage."
Geological mapping indicates that the gold enriched structure has a brittle to locally ductile character and is hosted in mixed volcanics rocks (dacite and andesite), at or very near an underlying limestone sediment contact. The gold-plus-silica structure is subparallel to sediment bedding, having a northwest-southeast trend and a 50-degree northeastward dip (ranging 40 to 70 degrees), with an apparent width ranging from 0.5 to 6.0 m, averaging about 1.0 m wide. The structure pinches out to the northwest near the sediment-dacite contact (near trench 1) and appears to be open to the southeast; additional work is required to wholly determine the surface traceable limits. Within the gold-plus-silica structure, the dominant sulphide is strongly weathered pyrite occurring as disseminations and local centimetre-scale pods or laminations. The gold enriched rock samples commonly contain elevated pathfinder elements, including silver, arsenic, barium, copper, mercury, lead, antimony and zinc.
The company continues to explore certain zones within the Juan de Herrera project with near term work focused on the CN, Ginger Ridge East, Southeast and Centro zones, where continuing exploration will include additional prospecting, rock sampling, detailed geological mapping and additional selective hand trench channel sampling.
The company's
website
has additional information, maps and figures of recent and historical Juan de Herrera project data.
Rock grab samples are selective by nature and are unlikely to represent average grades on the property.
This news release has been reviewed by Mr. Moore, who is the qualified person for the technical information in this news release under National Instrument 43-101 standards.
Rock and soil samples were bagged, sealed and delivered directly to Bureau Veritas (BV) preparation facility in Maimon, Dominican Republic, where they were dried, crushed (or sieved in the case of soils; preparation code SS80) and pulped. Sample pulps were then delivered to BV facilities in Vancouver, B.C., Canada, for analyses (an ISO 9001-accredited facility). Rock samples were crushed to with more than 70 per cent passing two-millimetre mesh and split using a riffle splitter (code PRP70-250). An approximately 250-gram subsample split was pulverized to minus 200 mesh (74 microns). A 15-gram subsplit from the resulting pulp was then subjected to aqua regia digestion and multielement ICP-ES/MS (inductively coupled plasma emission spectroscopy/mass spectrometry) analysis (code AQ201); samples with results with gold greater than two g/t were subjected to a gold (and selective silver) fire assay analysis and a gravimetric finish (30-gram pulp; ICP-ES finish; code FA530-Au, Ag). All coarse rejects and pulps are currently stored at BV.
About the Juan de Herrera project
The Juan de Herrera project is owned 100 per cent by Precipitate Gold and comprised of approximately 12,706 hectares located immediately adjacent to GoldQuest Mining's Romero gold-copper project within the Upper Cretaceous-aged package of volcanic and sedimentary Tireo gold formation in San Juan province of Dominican Republic. The project hosts intermediate sulphidation epithermal- and VMS-style (volcanic massive sulphide) exploration targets. Work to date, including extensive project wide geochemical and geophysical surveying and limited diamond drilling, has delineated and outlined multiple anomalous zones of gold and/or copper mineralization warranting additional exploration and drilling.
Approximately 5.0 million gold equivalent ounces have been discovered and advanced in the Tireo formation belt in the last decade, while vast areas of similarly prospective and proximal terrain, such as that situated within Precipitate's Juan de Herrera project, remain largely underexplored.
About Precipitate Gold Corp.
Precipitate Gold is a mineral exploration company focused on exploring and advancing its mineral property interests in the Dominican Republic, including its 100-per-cent-owned Juan de Herrera project, located immediately adjacent to GoldQuest Mining's Romero project, its 100-per-cent-owned Pueblo Grande project, located immediately adjacent to the Pueblo Viejo mine, operated by Barrick Mining, and its 100-per-cent-owned Ponton project, located 30 kilometres east of the Pueblo Viejo mine. Precipitate is also actively evaluating additional high-impact property acquisitions with the potential to expand the company's portfolio and increase shareholder value, in other favourable jurisdictions.
We seek Safe Harbor.
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