06-05-2025
- Business
- The Market Online
Precipitate Gold samples new anomaly in the Dominican Republic
Precipitate Gold (TSXV:PRG) discovered a 1.2-kilometre gold-in-soil geochemical anomaly in the north-central portion of its Juan de Herrera project in the Dominican Republic
Numerous pathfinder elements within the anomaly identified in over 1,800 soil samples suggest gold and/or volcanogenic massive sulphide mineralization
Precipitate Gold is a junior mining stock advancing property interests in the Pueblo Viejo copper-gold mining camp and Tireo gold trend of the Dominican Republic
Precipitate Gold stock has added 41.67 per cent year-over-year but remains down by 46.88 per cent since 2020
Precipitate Gold (TSXV:PRG) discovered a 1.2-kilometre gold-in-soil geochemical anomaly in the north-central portion of its Juan de Herrera project in the Dominican Republic.
The anomaly, now known as the LP zone, is backed up by over 1,800 soil samples, measures up to 100 metres wide and is co-incident with pathfinder elements, including lead, arsenic, antimony, zinc, mercury, cadmium and barium, which indicate epithermal gold and/or volcanogenic massive sulphide mineralization.
The company is planning follow-up rock sampling and trenching to evaluate the LP's potential. The zone resides about 2.5 kilometers south of the CN zone, which returned rock samples up to 73.8 grams per ton (g/t) gold, and 14 kilometres north of the Ginger Ridge zone, where drilling yielded an 18-metre-wide interval of 4.54 g/t gold.
The 12,706-hectare Juan de Herrera project features multiple anomalous zones of gold and/or copper mineralization adjacent to GoldQuest Mining's (TSXV:GQC) Romero project and its over 3.5 million ounces in gold equivalent resources and reserves. Romero is part of the Tireo Formation belt, where 5 million gold equivalent ounces have been discovered over the past decade. Leadership insights
'We continue to be pleased with the results of the ongoing, and increasingly aggressive, fieldwork being conducted throughout the company's Juan de Herrera project,' Jeffrey Wilson, Precipitate Gold's president and chief executive officer, said in a statement. 'Sequential programs of sampling and mapping, along with other types of fieldwork, have successfully discovered multiple sizeable new geochemical anomalies throughout the project, with priority anomalies subsequently being advanced through follow-up work. We're impressed by the number of anomalous areas now outlined throughout the project and are keen to pursue both reconnaissance work over underexplored areas, while applying more advanced exploration programs, such as geophysical surveying, over known areas, as a means of identifying and prioritizing zones our geological team deems most prospective for drill testing in the near term.' About Precipitate Gold
Precipitate Gold is a junior mining stock advancing property interests in the Pueblo Viejo copper-gold mining camp and Tireo gold trend of the Dominican Republic.
Precipitate Gold stock (TSXV:PRG) opened with a gain of 6.25 per cent trading at C$0.085. The stock has added 41.67 per cent year-over-year but remains down by 46.88 per cent since 2020.
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