![]() ![]() ![]() ![]() Plans and results from Barrick’s ongoing exploration programs will be reported as they become available. While drill preparations for the Lithocap Zone are underway, Barrick has also notified the Company that further exploration programs, including geochemistry, geophysics and historical data review are being considered for additional areas within the broader Pueblo Grande project land package. An amended drill permit application, with an expanded scope of drilling (up to 22 drill holes within the Lithocap Zone) has now been received, thus the Company anticipates drilling to commence in the coming weeks once road and drill pad preparations are complete.”įigure 1: Barrick’s IP Geophysical Results and DDH Targeting at Precipitate’s Lithocap Zone This data and subsequent interpretations have provided Barrick’s exploration team with newly delineated, and highly prospective untested anomalies that will be the focus of a next phase of drill testing. Jeffrey Wilson, Precipitate's President and CEO stated, "We are pleased that Barrick has completed important geological and geophysical work to better understand the Lithocap’s potential. Multiple drill targets have been delineated in large favourable zones where anomalies have been identified by surface sampling (geochemistry), geological features (rock types and various fault structures), geophysics (IP and magnetic) and spectrometric studies (clay alteration). The 2D IP survey is comprised of three (3) north-south oriented survey lines, at 400 metre spacing (about 9.5 line kilometers total). Interpretation of new and historical project data has led to an expanded exploration program, targeting near surface high sulphidation epithermal “Pueblo Viejo style” gold mineralization along with a possible concealed copper-gold porphyry style target at depth.ĭeep penetrating 2D pole-dipole induced polarization (“IP”) geophysical surveying has identified numerous untested high chargeability anomalies, with reading values exceeding 40 mv/v. As part of its ongoing exploration work program, Barrick is now preparing land access routes and drill pads for a second phase diamond drill program expected to total an estimated 3,000 metres.īarrick Drill Targeting Highlights for the Lithocap Zone ![]() Barrick’s work is part of an earn-in agreement whereby Barrick has the right to earn a 70% interest in Precipitate’s Pueblo Grande Project.īarrick has completed its surface exploration program at the Lithocap Zone (“Loma Cuaba” or “APV”) of the Pueblo Grande project, located immediately west of Barrick’s Pueblo Viejo gold mine. (the “ Company ” or “ Precipitate ”) (TSXV:PRG ) ( OTC:PREIF) is pleased to announce that Barrick Gold Corporation ("Barrick") has finalized drill targeting analysis and is now preparing to start its second phase of drill testing on Precipitate's 100% owned Pueblo Grande Project, located immediately adjacent to Barrick's Pueblo Viejo gold mine in the Dominican Republic. Vancouver, BC - TheNewswire - JPrecipitate Gold Corp. ![]()
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