Historical reports indicate that gold enriched quartz veins and quartz-silica stockworks are strongly associated with ‘high strain’ rocks (i.e. The Burin Group lithologies have a NE-SW trend and sub vertical dip, with a pervasive greenschist facies deformation, ranging from moderate fracture cleavage to a strong and discrete shear fabric (quartz-chlorite-sericite-calcite schists typically, coplanar to local lithological bedding trends). Project lithologies are part of the major Avalon Tectonostratigraphic Zone, where claims are dominantly underlain by late Proterozoic aged Burin Group submarine oceanic volcanics and associated ultramafics, with interbedded clastic sediments and carbonate rocks. John’s within the southeastern region of Newfoundland’s Burin Peninsula, which is part of an active gold exploration region that includes other high profile gold exploration projects such as Root & Cellar ( Northern Shield Resources), Heritage ( Golden Ridge Resources) and Hickey’s Pond ( Bonavista Resources). The Motherlode Project is located approximately 3.5 hours by road from Gander and St.
The Motherlode Project augments the Company’s existing properties in the Dominican Republic where multiple targets remain drill-ready and awaiting further advancement.”įigure 1 – Motherlode Project Map with Historic Sampling and Drilling Results This, combined with the Project’s superb access and infrastructure mean the Company’s geological crews can promptly activate field work to identify and prioritize targets with a near term view to generating results. The opportunity to apply the Company’s technical expertise with modern exploration techniques provides Precipitate and its shareholders with significant new discovery potential. Combining the contiguous properties with our own staked ground represents the consolidation of an underexplored district-scale land package in a favourable geological environment where significant prior sample and drill results yielded impressive gold values but lacked in adequate systematic follow up. Jeffrey Wilson, Company President & CEO stated, "We are excited at the opportunity to diversify the Company’s project portfolio with this new property acquisition in one of Canada’s most active, mining-friendly, and prospective geological jurisdictions.
shears, schists, folds) with a generally low pyrite content Gold enriched quartz veins and quartz-silica stockworks are strongly associated with ‘high strain’ rocks (i.e.Major northeast trending, sub-vertical dipping shear-fault zones up to 30 metres wide.District-scale potential within an estimated 16.5-kilometre-long exploration trend hosted in late Proterozoic-age Burin Group volcanic and ultramafic rocks.11 historical mineral occurrences, including 8 gold showings.Gold Mineralization, Geology, Regional Geochemistry High grade gold rock grab samples: 25.0 g/t Au, 15.7 g/t Au, 11.6 g/t Au, 6.3 g/t Au & 4.5 g/t Au.(the “ Company” or “ Precipitate”) ( TSXV: PRG, OTCQB: PREIF) is pleased to announce it has secured, by a combination of staking and property option agreements, exclusive rights to acquire a 100% interest in mineral exploration licenses totalling 12,350 hectares making up the Motherlode Gold Project (the “Motherlode Project” or the “Project”) located within the Burin Peninsula of southern Newfoundland, Canada.
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