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Precipitate Gold Corp. (TSXV:PRG) announced that it has commenced its Phase 2 drill campaign at the Ginger Ridge target within its Juan de Herrera project in the Dominican Republic. As well, the company announced results from its ground magnetic geophysical survey at the JT Zone last week. The drill program is expected to follow-up on the most recent drilling in 2014 which intersected 4.5 g/t Au over 18m. We expect that if the company is able to deliver similar results from the planned 2,000m drill campaign it should be a positive catalyst for Precipitate. read more
Precipitate Gold Corp. (TSXV:PRG) announced results from its ground magnetic geophysical survey and surface work at its Juan de Herrera project in the Dominican Republic. This work has identified a target similar to the properties at its nearby Ginger Ridge discovery over a 1,900m by 600m area (Figure 1). Parallel to this gold target, the company has identified a 3km long copper target. While more work is needed at both the Southeast and South Jengibre targets, the South Jengibre target looks promising and is located 2km South of GoldQuest's (TSXV:GQC) Jengibre zone. As well, at the company's Ginger Ridge discovery, an IP survey is underway, which is expected to be followed up by the Phase 2 drill program. read more
Precipitate Gold Corp. (TSXV:PRG) announced the final results from a follow up and infill soil sampling program from five targets at the Juan de Herrera project, Dominican Republic. The five targets (South East, Jengibre South, Melchor, Peak and JT - Figure 1) are multi-element surface anomalies which are coincident with magnetic anomalies and located in the Tireo Gold Trend. Surface expressions of the targets vary from about 200m by 300m to the newest South East zone currently measuring 1400m by 200m. The company has initiated a control grid line over these anomalies in preparation for an IP geophysical survey in the coming weeks. read more
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