Precipitate's IP Geophysical Survey Reveals New 1,600-metre-long Exploration Corridor at the Southeast and Centro Zones of the Juan de Herrera Project, Dominican Republic

Core Insights - Precipitate Gold Corp. has announced preliminary results from the induced polarization (IP) ground geophysical survey at its Juan de Herrera Project in the Dominican Republic, indicating promising exploration potential [1][3]. Survey Progress and Results - The company has completed 75% of the proposed IP geophysical survey, covering four priority exploration targets: Ginger Ridge East, Southeast, Centro, and Jengibre South, achieving 22.5 line kilometers of the planned 30 kilometers [2]. - Initial survey data from the Southeast and Centro zones have identified several new chargeability anomalies, many coinciding with significant soil geochemical anomalies, and extending beyond depths of 350 meters [3][4]. Geophysical Survey Highlights - A northwest trending exploration corridor of chargeability high anomalies has been delineated, measuring at least 1.6 kilometers long, correlating well with surface soil geochemical values [4]. - High chargeability readings average about 5 to 6 mv/v, with some local readings reaching up to 12 mv/v, indicating potential mineralization [4]. - The survey has revealed numerous prospective chargeability anomalies that appear as discrete and 'stacked' hypothesized sulphide-rich mineralized bodies [4]. Future Exploration Plans - The company plans to continue exploration activities, including additional prospecting, rock sampling, geological mapping, and selective hand trench channel sampling in the CN, Southeast, Centro, and Jengibre South zones [6]. - Further results from the remaining survey areas will be reported as they become available, with a comprehensive interpretation of the entire dataset anticipated before future drilling [3][4]. Project Overview - The Juan de Herrera Project spans approximately 12,706 hectares and is located adjacent to GoldQuest Mining's Romero gold-copper project, hosting intermediate sulphidation epithermal and VMS style exploration targets [10]. - The project has seen significant exploration activity, with approximately 5.0 million gold equivalent ounces discovered in the Tireo Formation belt over the last decade, highlighting the area's potential [10]. Company Profile - Precipitate Gold Corp. is focused on mineral exploration in the Dominican Republic, with additional projects adjacent to significant mining operations, including the Pueblo Viejo mine [11]. - The company is actively evaluating high-impact property acquisitions to expand its portfolio and enhance shareholder value [11].