- Precipitate Gold (PRG) has released the results of a comprehensive review of historical data from its Motherlode Gold Project
- Historical surface geochemical sampling data in combination with a modern surface lineament structural study confirms and enhances at least 11 priority target areas
- The areas are characterized by elevated concentrations of gold and arsenic combined with underlying or nearby structural features
- The mineral exploration company also recently completed a property-wide high sensitivity airborne magnetic-radiometric geophysical survey on the project
- Precipitate Gold at $0.09 at 11 am EST
Precipitate Gold (PRG) has released the results of a comprehensive review of historical data from its Motherlode Gold Project.
The project is within the Burin Peninsula of southern Newfoundland.
The interpretation of historical surface geochemical sampling data in combination with a modern surface lineament structural study confirms and enhances at least 11 priority target areas. The areas are characterized by elevated concentrations of gold and arsenic combined with underlying or nearby structural features.
The attributes are important characteristics for the structurally related orogenic gold style mineralization observed at the Motherlode project.
The geochemical figure illustrates multiple target areas identified to date in the latest work. 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.
The Vancouver-based mineral exploration company also recently completed a property-wide high sensitivity airborne magnetic-radiometric geophysical survey on the project.
“We’re pleased to complete this important compilation of existing data as a cost-effective means of advancing the project. 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. 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,” said Precipitate Gold President and CEO Jeffrey Wilson.
Precipitate Gold at $0.09 at 11 am EST.
