After completion of this priority follow-up work, field crews will move north to the larger gold-in-soil anomaly, measuring about 1,000m by 500m to conduct additional focused geological mapping and surface sampling. Both of these highlight gold-in-rock samples were collected from quartz vein or quartz breccia mineralization hosted within Los Ranchos formation volcanic rocks and are located within a lengthy multi-element soil anomaly measuring an estimated 900m long.Ī follow up program of detailed infill soil sampling and comprehensive geological mapping with associated rock sampling is currently underway at this prioritized 900m long soil anomaly. Rock samples collected during first pass reconnaissance scale geological mapping has returned a highlight gold-in-rock sample ( 53.0 g/t gold and 43.0 g/t silver from an outcropping 0.4 metre wide quartz vein*) which is located 240m southwest of a previously reported rock sample containing 4.1 g/t gold. See also the Company's website for these and additional Ponton related figures. The Copey Hill soil anomalies and rock sample locations and their distinct multi-element geochemical characters are shown on the accompanying gold-in soil map and multi-element-in soil map illustrating the current scope of the surface gold anomalies, along with critical coincident pathfinder elements silver, arsenic, antimony, mercury and thallium. To view an enhanced version of Figure 2, please visit: These important layers of data bring us progressively closer to delineating drill targets."įigure 2: Copey Hill Multi-Element Soil Anomaly We are moving swiftly to prioritize target zones for detailed follow up exploration, including additional soil and rock sample collection, geological mapping, and ground magnetic geophysical surveying, all of which are currently underway with results to follow. Jeffrey Wilson, Precipitate's President & CEO stated, "We are pleased that our first phase of work at Copey Hill has expanded the extent of the known geochemical anomaly while identifying high grade rock samples and delineating two distinct internal zones with elevated gold-in soil samples. *Note: Rock grab samples are selective by nature and are unlikely to represent average grades on the property. Highlight rock sample returned 53.0 grams per tonne ("g/t") gold and 43.0 g/t silver from an outcropping 0.4 metre ("m") wide quartz vein* Įxpansion of the Copey Hill anomaly 100m to the east for a total overall footprint of 1,300m by 1,000m and,ĭelineation of two distinct gold-in-soil anomalies within the Copey Hill Zone measuring 1,000m by 500m, and 900m by 200m respectively. A total of 122 rock samples, both grab and continuous chip types were collected during reconnaissance level geological mapping within the main Copey Hill anomaly and immediate surrounding area.Ĭopey Hill Gold Zone, First Phase Surface Geochemical Sampling Highlights: (TSXV: PRG) (OTCQB: PREIF) (the "Company" or "Precipitate") is pleased to announce results of the first phase surface soil and rock geochemical sampling conducted at the Copey Hill epithermal gold target of the Company's 100% owned Ponton Project located approximately 25 kilometres ("km") due east of Barrick's Pueblo Viejo mining operation and the Company's Pueblo Grande project in the Dominican Republic.ĭuring the first phase exploration work, a total 313 soil samples were systematically collected to a distance up to 500 metres east of the historical soil sampling at 50m and 100m intervals. July 21, 2020) - Precipitate Gold Corp. Vancouver, British Columbia-(Newsfile Corp.
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