Precipitate Identifies New 850 Meter Long Gold-in-Soil Anomaly at Ginger Ridge

Precipitate Gold (TSXV:PRG) has announced the discovery of a new gold-in-soil geochemical anomaly at the Ginger Ridge zone on the company’s 100 percent owned Juan de Herrera Project.
As quoted in the press release:

Recent soil sampling at and around the Ginger Ridge Zone has identified a new gold-in-soil anomaly located approximately one kilometre (“km”) east of the main drill test area. The multi-element soil geochemical anomaly has a northwest-southeast (“NW-SE”) trend and exceeds 850 metres (“m”) in length, with an average 100m width and is open ended to the southeast toward the eastern property boundary shared with GoldQuest Mining Corp. Currently, Precipitate field staff are carrying out comprehensive follow-up work that includes additional soil and rock sampling, detailed geological mapping and ground magnetic surveying. See the accompanying map or the Company’s website for the Ginger Ridge gold-in-soil anomaly illustration map. Initial work at this new anomaly within the Ginger Ridge Zone has yielded the following preliminary results:

• New Ginger Ridge gold-in-soil anomaly (plus other important pathfinder elements, including arsenic, antimony, silver, lead, and zinc) located approximately one km east of the main drill test area. The anomaly trends NW-SE, ranges from 75m to 250m wide by at least 850m long and remains open to the southeast;
• The soil anomaly is coincident with recently identified induced polarization (“IP”) gradient geophysical anomalies; resistivity high and weak to moderate chargeability; and
• Discovery of a large barite subcrop exposure hosted in altered Tireo volcanics located within the soil anomaly. Barite is commonly associated with notable Tireo Gold Camp gold-in-soil mineral systems and with volcanogenic massive sulphide (“VMS”) systems in particular.

Soil sample coverage was recently extended to the east of the Ginger Ridge main anomaly to: (i) test recently identified gradient IP geophysical anomalies in the area; and (ii) to investigate the geology on trend from GoldQuest’s Cachimbo ‘VMS-style’ discovery area, located 2.0km northwest of Ginger Ridge.

Click here to read the full press release.