Precipitate Gold Corp. announced that Barrick Gold Corporation has commenced a diamond drilling program within the Lithocap Zone of Precipitate's 100% owned Pueblo Grande Project, located immediately adjacent to Barrick's Pueblo Viejo gold mine in the Dominican Republic. Barrick's work is part of an earn-in agreement whereby Barrick has the right to earn a 70% interest in Precipitate's Pueblo Grande Project.
Barrick Phase Two Drill Program Highlights: Up to 3,000m of diamond drilling comprised of up to 10 holes within the Lithocap Zone, immediately adjacent to Barrick's Pueblo Viejo mining pits: Drilling will test multiple prospective, untested targets delineated by surface sampling (geochemistry), geological features (rock types and various fault structures), geophysics (IP and magnetic) and spectrometric studies (clay alteration): Deep penetrating 2D IP surveying has identified numerous untested high chargeability anomalies; some with reading values exceeding 40 millivolts per volt (?mv/v?): Barrick's updated interpretation of new and historical project data has led to an expanded drilling program, targeting near-surface high sulphidation epithermal ?Pueblo Viejo style? gold mineralization along with a possible concealed copper-gold porphyry style target at depth. Concurrent with the Lithocap Zone drilling, Barrick continues to conduct additional exploration programs consisting of geochemistry, geophysics and historical data review within additional areas of the broader Pueblo Grande project land package.
Results from Barrick's current drill campaign and updates from ongoing exploration programs elsewhere within the project will be reported as they become available.