Precipitate's IP Survey Indicates Strong Chargeability Highs Extend to depth below Surface Gold Anomalies
09 4월 2014 - 12:00AM
Marketwired
Precipitate's IP Survey Indicates Strong Chargeability Highs Extend
to depth below Surface Gold Anomalies
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 8, 2014) -
Precipitate Gold Corp. (the "Company" or "Precipitate")
(TSX-VENTURE:PRG) is pleased to announce the results of its
recently completed induced polarization ("IP") geophysical survey
at the Ginger Ridge Zone within the Company's Juan de Herrera
concession in the Dominican Republic.
The Ginger Ridge IP geophysical survey was conducted on five
parallel grid lines at 200 metre intervals centred over the middle
of the zone's gold-silver geochemical anomaly. The geophysical
survey covered approximately 800 metres strike length within the
central core of the 2,000 metre long surface gold anomaly and
achieved the following noteworthy results:
- contiguous chargeability and resistivity highs coincident with
surface gold anomalies identified across the entire strike of the
800 metre survey grid;
- marked chargeability high starting at surface coincident with
previously reported surface trench sampling results of 32.5 metres
of 1.0 g/t gold and 18 g/t silver;
- strongest chargeability readings (up to 10 mv/v) reported from
the northernmost line (L1000), leaving the anomaly open to the
northwest;
- entire chargeability anomaly remains open along strike to
northwest and southeast and to depth below the estimated survey
depth limit of 200 metres; and
- sufficient technical data has now been compiled to commence
planning for an initial diamond drill program
See the accompanying figures and the Company's
website for additional compilation illustrations.
Jeffrey Wilson, Company President & CEO stated, "We are very
pleased with the Ginger Ridge IP results as they provide precisely
the kind of geophysical data we were hoping to attain. The strong
correlation between surface gold and silver sample results and
underlying chargeability anomalies increases our confidence in
Ginger Ridge's potential. Given the successful precedent
established by others in the region in applying this technology,
the results of our survey provide compelling targets for drill
testing. It's additionally encouraging that the most noteworthy
geophysical anomalies at Ginger Ridge, in terms of chargeability
and resistivity, are very near bedrock surface and remain open
along strike and at depth, providing potential for future expansion
through additional IP and/or drilling. In short, we're excited that
the results of this geophysical survey have provided significant
technical assistance in delineating targets for a first phase drill
program, currently being planned."
The Ginger Ridge IP geophysical survey covers an area measuring
about 1,000m by 800m and is aligned over the central portion of the
multi-element surface geochemical anomaly, which drapes over the
northeast facing slope of Ginger Ridge. Elevated chargeability
readings correlate well with the surface trace of the northwest
trending gold-in-soil anomalies, likely marking zones of increased
sulphide concentrations within the host Tireo volcanic rocks.
Significantly, the survey identified a marked chargeability high on
line 1400 which correlates well with the previously reported
surface rock chip channel sampling results of 32.5 metres of 1.0
g/t gold and 18 g/t silver; including 23.0 metres of 1.3 g/t gold
and 22 g/t silver.
Moving from north to south, elevated chargeability readings
start at bedrock surface and are strongest on the northernmost line
1000 (up to 10mv/v), then over the 800 metre long survey extent
tend to project deeper to the southeast and have a reduced relative
strength at the southernmost survey line 1800 (up to 4.5 mv/v).
Importantly, the primary elevated chargeability anomalies remain
open on strike, both to the northwest and southeast and also at
depth. Together, the resistivity and chargeability readings appear
to map major rock types and structures. On the western side of the
survey area, a regionally mapped thrust fault is inferred to dip
vertically to steeply to the northeast, marking the structural
contact between older limestone rocks and the overlying gold-silver
enriched Tireo volcanic lithologies.
The induced polarization/resistivity survey was conducted by
Insight Geophysics Inc. of Oakville Ontario. The survey used a 10
kW Time Domain IP system using the Elrec Pro receiver with an "n"
spacing equal to 25 metres, which provided quality subsurface
resolution for each Insight section array.
Michael Moore, VP Exploration of the Company and Qualified
Person for purposes of National Instrument 43-101 has reviewed the
technical information in this news release.
About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration company focused
on exploring and advancing its mineral property interests in the
Tireo Gold Trend of the Dominican Republic and Sonora State,
Mexico. The Company also maintains assets in northern British
Columbia and southeast Yukon Territory and is actively evaluating
additional high-impact property acquisitions with the potential to
expand the Company's portfolio and increase shareholder value.
Additional information can be viewed at the Company's website
www.precipitategold.com.
On Behalf of the Board of Directors of Precipitate Gold
Corp., |
|
"Jeffrey Wilson" |
|
President & CEO |
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release may contain "forward-looking information"
within the meaning of applicable Canadian securities legislation.
All statements, other than statements of historical fact, included
herein are forward looking information. Generally, forward-looking
information may be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect",
"proposed", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases, or by the use
of words or phrases which state that certain actions, events or
results may, could, would, or might occur or be achieved. This
forward-looking information reflects Precipitate Gold Corp.'s
("Precipitate" or the "Company") current beliefs and is based on
information currently available to Company and on assumptions it
believes are reasonable. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of Precipitate to be materially different from those
expressed or implied by such forward-looking information. Such
risks and other factors may include, but are not limited to: the
exploration concessions may not be granted on terms acceptable to
the Company, or at all; general business, economic, competitive,
political and social uncertainties; the concessions acquired by the
Company may not have attributes similar to those of surrounding
properties; delay or failure to receive governmental or regulatory
approvals; changes in legislation, including environmental
legislation affecting mining; timing and availability of external
financing on acceptable terms; conclusions of economic evaluations;
and lack of qualified, skilled labour or loss of key individuals.
Although Precipitate has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking information. Precipitate does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
Jeffrey WilsonPresident & CEOTel: 604-558-0338Toll Free:
855-558-0335investor@precipitategold.com
Precipitate Gold (TSXV:PRG)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Precipitate Gold (TSXV:PRG)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024