Precipitate Gold Reports Positive Results From Surface Sampling

Precipitate Gold (TSXV:PRG) announced results of surface rock sampling from December 2014 at its Juan de Herrera project in the Dominican Republic. Results have extended the surface projection of the new northern extension of the high chargeability anomaly at the project by roughly 850 meters.

As quoted in the press release, highlights of results include:

• Mineralization and/or alteration is predictable and traceable on surface overlying the target chargeability high anomaly;
• Anomalous gold and related pathfinder elements define an expanded NW-SE geochemically anomalous trend measuring about 1.2 kilometres (“km”) long;
• The strongest and widest IP chargeability portion of the chargeability anomaly, between lines 6 and 9 (a distance of 300m), is coincident with locally robust surface pyrite/silica mineralization and elevated gold and base metal values in analytical results; and
• Together, the new rock sampling and IP results suggest that mineralization between lines 6 and 9 is near surface and has a similar tenor as a gold anomalous pyrite-rich interval in the upper portion of Hole 5 (located 60m south of line 10).

Precipitate president and CEO, Jeffrey Wilson, said:

The latest sample results in combination with previous surface sampling, IP surveying, and the discovery of mineralization reported in Hole 5 provide a compelling and enlarged target for a follow up expansion and delineation drill program. We now have an estimated 1,200 metre surface geochemical anomaly that is coincident with the main IP chargeability anomaly.

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