No historical drill testing of the newly identified gradient chargeability high most historical drill holes appear to have missed other prospective chargeability anomalies.Gradient chargeability high anomalies are open along strike to the northeast and below the estimated survey depth limit of 300 metres vertically below surface.
Identified +500 metre long gradient chargeability highs extending northeast from the Motherlode surface gossan.Motherlode Zone IP Geophysical Survey Highlights: See the accompanying figures and the Company’s website for additional compilation illustrations. These newly delineated untested anomalies represent prospective targets that are being refined and prioritized for near-term drill testing. Collectively, the analysis of geological and geophysical data demonstrates the surveys have successfully identified geophysical signatures related to rock types, contacts, fault-shear structures and importantly, increased chargeability readings reflecting elevated sulphide concentration related to probable mineralization. The IP survey was conducted using both pole-dipole and gradient arrays, aimed at generating both near surface detailed geophysical information and deep penetrating (+250 metre depth) data. IP geophysical surveying conducted at the high priority Motherlode Zone has yielded new and important information that will guide a planned diamond drilling program. (the “ Company” or “ Precipitate”) ( TSXV: PRG, OTCQB: PREIF) is pleased to announce it has completed induced polarization (“IP”) and magnetic geophysical surveying at the Motherlode Gold Project (“Motherlode” or the “Project”) within the Burin Peninsula of southern Newfoundland, Canada.
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