10/19/2023 0 Comments Precipitate gold preif![]() ![]() By way of a combination of staking and property option agreements, the Company has exclusive rights to acquire a 100% interest in the Project mineral exploration licenses (covering 12,350 hectares), subject to a 1.5% and a 2.5% NSR. ![]() ![]() The Project has excellent access and logistical infrastructure, with year-round road access, a high-power electrical line bisecting property, and nearby Atlantic Ocean ports. The Motherlode Gold Project is located in the southeastern region of Newfoundland's Burin Peninsula approximately 3.5 hours by road from Gander and/or St. * High grade rock grab samples are selective by nature and are unlikely to represent average grades on the property. Excellent year-round road access, with highway access, a high-power electrical line bisecting the project, and nearby Atlantic Ocean ports.įor reference: g/t = grams per tonne, Au = gold, m = metres.District-scale potential within a 12,350 hectare project, an estimated 16.5-km long exploration trend hosted in late Proterozoic-age Burin Group volcanic and ultramafic rocks and.Located within Newfoundland's Burin Peninsula, a current gold exploration focus of many other junior explorationists.Select Historical sampling highlights*: Rock grab samples: 25.0 g/t Au, 15.7 g/t Au, 11.6 g/t Au, 6.3 g/t Au & 4.5 g/t Au.Historical data identifies at least 11 newly prioritized target areas characterized by elevated concentrations of gold and arsenic with underlying or nearby structural features.Motherlode Gold Project, Major Attributes: We're excited to apply the insight derived from this new data compilation with pending airborne magnetic data in identifying prospective zones for follow up groundwork and prioritizing potential drill targets." The data derived from the first fully comprehensive digital desktop review of the Motherlode's historical geochemical and geological data in conjunction with our structural study has refined and improved our understanding of the Project's potential for hosting gold mineralization. Jeffrey Wilson, Precipitate's President and CEO commented, "We're pleased to complete this important compilation of existing data as a cost-effective means of advancing the project. See the accompanying maps or the Company's website ( for summary illustrations and additional Motherlode related figures. Following receipt and review of the airborne magnetic data, the Company expects to commence a follow up field program of detailed sampling, geological mapping and ground geophysical surveying within prioritized areas of the project for ongoing advancement and target delineation. In addition to the data compilation, a property-wide high sensitivity airborne magnetic-radiometric geophysical survey has recently been completed at the project. None of the target zones have seen a modern ground geophysical survey, and only one zone has been drill tested in the past, by way of a shallow drill program in 2007.įigure 1: Motherlode Gold and Arsenic Geochemical Anomalies The accompanying geochemical figure (Figure 1) illustrates numerous target areas identified to date by the Company's latest work. These attributes are important characteristics for the structurally related orogenic gold style mineralization observed at Motherlode. ![]() Interpretation of the Project's historical surface geochemical sampling data (soil, rock, till and lake) in combination with a modern surface lineament structural study confirms and enhances at least 11 priority target areas characterized by elevated concentrations of gold and arsenic combined with underlying or nearby structural features. ( TSXV: PRG) ( OTCQB: PREIF) (the " Company" or " Precipitate") is pleased to announce the latest target refinement results derived from an expanded compilation and review of historical data from the Company's Motherlode Gold Project within the Burin Peninsula of southern Newfoundland, Canada. November 18, 2021) - Precipitate Gold Corp. Vancouver, British Columbia-(Newsfile Corp. ![]()
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