Precipitate Gold Reserve Announces 13.4 g/t Gold over 5 Metres at Ginger Ridge Zone

Precipitate Gold (TSXV:PRG) announced results of 13.4 g/t gold over 5 metres within 18 metres of 4.5 g/t at its Juan de Herrera project in the Tireo gold camp. The results were found in the central and southern areas of the Ginger Ridge Zone.

According to the press release, highlights include:

• Multiple gold-rich intervals, including: 13.4 g/t gold over 5.0 metres; within 5.0 g/t gold over 16.0 metres; within 4.5 g/t gold over 18.0 metres
• near surface interval containing 0.62 g/t gold and 0.12% copper over 21.15 metres
• 98.0 metre interval of strongly disseminated, semi-massive to massive sulphide (dominantly pyrite)
• Evidence of a gold-rich volcanogenic massive sulphide (“VMS”) deposit model;
• Correlation of gold mineralization with highest IP chargeability signature. Strongest IP chargeability anomaly remains open and untested to the north for ongoing exploration; and Combined IP chargeability and surface geochemical anomalies flanking Hole 5 on-strike to the north and south mark delineate a highly prospective exploration target measuring 600 metres in length

Jeffrey Wilson, President and CEO of Precipitate, said:

We are very pleased that our initial Ginger Ridge diamond drill program has resulted in the discovery of a substantial gold-enriched semi to massive sulphide body, with many attributes similar to the gold-rich VMS deposit models that host some of the world’s notable gold deposits.

Click here to read the Precipitate Gold Corporation (TSXV:PRG) press release