New 850 Metre Long Gold-In-Soil Anomaly At Ginger Ridge
VANCOUVER, BC - Precipitate Gold Corp. reported the discovery of a new gold-in-soil geochemical anomaly at the Ginger Ridge zone, resulting from the ongoing and wide ranging exploration activities within the Company's 100% owned Juan de Herrera Project in the Dominican Republic.
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.
Soil sample coverage was recently extended to the east of the Ginger Ridge main anomaly to: test recently identified gradient IP geophysical anomalies in the area; and to investigate the geology on trend from GoldQuest's Cachimbo 'VMS-style' discovery area, located 2.0km northwest of Ginger Ridge.
Jeffrey Wilson, Precipitate's President & CEO stated, "We are very pleased that our expanded exploration work has identified a prospective new gold-in-soil anomaly situated immediately east of the main Ginger Ridge drill zone. The newly identified geochemical anomaly overlies a compelling geophysical target comprised of a combined coincident high resistivity and weak to moderate chargeability in a geological setting analogous to other mineralized zones that occur in the Tireo Formation. In addition, the discovery of a large barite subcrop, hosted in Tireo volcanic rocks, within the confines of the soil anomaly is an important g new development, as barite is commonly associated with Tireo gold systems. A more detailed program of surface sampling and geological and ground magnetic geophysical surveying in the vicinity of the barite subcrop is ongoing and will greatly assist with the geological interpretation of the anomaly as a possible near term drill target."