- Precipitate Gold Corp. (PRG) has completed a diamond-drilling program at the company’s Motherlode Gold Project in Newfoundland
- President & CEO Jeff Wilson sat down with Sabrina Cuthbert to discuss the program
- The drill campaign totalled 2,716 metres of diamond drilling in 12 holes from 10 drill platforms within the Project’s perspective Motherlode Zone
- Drill holes tested multiple chargeability high anomalies identified by recently induced polarization (IP) geophysical surveys within the Motherlode Structural Corridor
- The Motherlode Zone hosts the project’s most notable gold mineralization
- Precipitate Gold Corp. is a mineral exploration company
- Precipitate Gold Corp. (PRG) opened trading at C$0.075
Precipitate Gold Corp. (PRG) has completed a 2,716-metre diamond-drilling program at the Motherlode Gold Project in Newfoundland.
Drill holes tested multiple chargeability high anomalies identified by recently induced polarization (IP) geophysical surveys within the Motherlode Structural Corridor.
Drilling specifically targeted chargeability anomalies coincident with a surface gossan that previously returned rock grab sample values up to 25.0 g/t gold and historical drill results of 3.5m at 1.4 g/t gold.
President & CEO Jeffrey Wilson sat down with Sabrina Cuthbert to discuss the drill program.
“We are pleased with the execution and completion of our first phase of drilling within the Motherlode Gold project. The targets delineated by our recent geochemical and geophysical fieldwork compelled our team to advance the project to this important first phase of drill testing. The technical merits of the chargeability anomalies coincident with a mineralized surface gossan provided several highly prospective and previously untested drill targets. Completing the 2,700-metre drill program in a timely and efficient fashion is a clear testament to the project’s local support staff and service providers. We look forward to receiving, evaluating, and reporting the pending laboratory analytical results as they become available.”
The program was designed to test recently delineated IP geophysical chargeability high anomalies located within the ‘Motherlode Structural Corridor.’ Hole depths ranged from 121 to 403 metres, averaging 209 metres deep.
The Motherlode Zone hosts the project’s most notable gold mineralization and related surface colour gossan identified to date, with rock grab sample values up to 25.0 g/t gold and historical drill results, including 3.5m at 1.4 g/t gold.
Precipitate Gold Corp. is a mineral-exploration company focused on exploring and advancing its mineral property interests in Newfoundland and the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic.
Precipitate Gold Corp. (PRG) opened trading at C$0.075