Precipitate Gold (PRG) has shared the results of the airborne geophysical survey conducted over the Motherlode Gold Project in Newfoundland.
Interpretation of the high sensitivity magnetic and radiometric geophysical survey data has successfully delineated numerous exploration target areas.
Airborne magnetic geophysics, surface geochemical samples and surface structural lineaments, identified seven high priority and 11 secondary priority target areas.
The prioritized target areas are characterized by combinations of important coinciding characteristics for vectoring structurally related orogenic gold style mineralization observed at Motherlode.
Magnetic linears and their crosscutting intersections that denote potential quartz-silica-gold mineralization structural hosts proved to be favourable characteristics.
Surface sample geochemistry with elevated concentrations of gold and arsenic, and various other pathfinder elements were also recorded.
Precipitate Gold plans to conduct 3D inversion computer modelling of the magnetic data to gain insight on the sub-surface geophysical characteristics of the various linear features in advance of ground geophysical surveying and future drill target selection.
A total of 1,745-line kilometres were surveyed at 75-metre-wide line spacing and a mean terrain clearance of 40 metres.
11 historical mineral occurrences, including 8 gold showings, have been recorded at the project
The Motherlode Gold project is located within Newfoundland’s Burin Peninsula, which is a current gold exploration focus for many other junior explorationists.
It also has year-round road access, with highway access, a high-power electrical line bisecting the project, and nearby Atlantic Ocean ports.
Precipitate Gold Corp. (PRG) is unchanged, trading at $0.09 per share as of 1:29 p.m. EST.