Precipitate Doubles Strike Length of Ginger Ridge

Precipitate Gold Corp. (TSXV: PRG) announced the latest results from a follow up soil and rock sampling program, completed in connection with ongoing exploration activities at the Ginger Ridge Zone within the Juan de Herrera concession in the Dominican Republic.

Highlights from the press release include:

As part of the Company’s current Induced Polarization (‘IP’) geophysical survey at Ginger Ridge, additional soil and rock samples were collected on the expanded IP control grid. These follow-up grid-based soil and rock sampling results at Ginger Ridge have substantially expanded and refined the zone with the following notable results.

  • Ginger Ridge’s gold-in-soil anomaly has been extended from 1,000 metres (‘m’) to more than 2,000m, while remaining open to southeast;
  • A robust gold-enriched multi-element central core within the anomaly has been refined to approximately 1,000m by 450m;
  • Two parallel gold zones hosted within prospective Tireo volcanics have been demarked.

Jeffrey Wilson, Company President & CEO stated,

We are pleased with these latest sampling results from Ginger Ridge which substantially increased the size of this emerging target. The doubled strike length of the geochemical anomaly in tandem with recently announced expanded trench results substantiates the prospective nature of this zone, which is the primary focus of the Company’s current IP geophysical survey. The latest sampling results, in combination with pending IP survey results, should provide sufficient technical data for management to initiate a first-phase drill program for the project.

Click here to view the full press release.