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To: LoneClone who wrote (180972)8/21/2024 12:48:35 PM
From: LoneClone  Read Replies (1) | Respond to of 192471
 

Precipitate Re-Commences Work and Identifies New Gold Zones at 100% Owned Juan de Herrera Project, Dominican Republic


thenewswire.com

Vancouver, B.C. – August 21, 2024 – TheNewswirePrecipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG, OTCQB: PREIF) is pleased to announce it has initiated field work and data review at its 100% owned Juan de Herrera Project (“Juan de Herrera” and the “Project”) in the Dominican Republic. Preliminary results from this latest work have identified eight new mineralized anomalies outlined by elevated gold and/or base metal values in soil sample results.

Precipitate has commenced various programs of field, desktop and laboratory work along with the review and analysis of existing data. As reported by way of a Company news release dated September 14, 2020, prior to reducing work programs in 2017, the Company collected over 17,000 individual soil samples on grid parameters as detailed as 25 metre by 50 metre spacings within multiple known areas of interest throughout the project. Over 14,000 of these soil samples were previously analyzed with a hand-held X-ray fluorescence (“XRF”) scanner which led to the identification of approximately 8,000 samples showing elevated base metal and pathfinder elements, therefore warranting full laboratory analysis.

Analytical results from this project-wide sampling program have identified eight priority zones of elevated gold and/or base metals (copper, lead and zinc) in soil anomalies and has also refined the extents of several notable pre-existing soil anomalies at the Southeast, Peak and Melchor zones. These newly delineated zones are Ginger Ridge North, CN, CN 2, CN 3, CdN, CdN 2, CdN 3, and GM. Early field observations of various surface rocks (float and outcrop) have led the Company to prioritize three zones for immediate follow up exploration, those being CN, CdN, and GM zones.

The soil anomaly locations align with the dominant northwest-southeast regional stratigraphic and mineralized trends, demonstrating the extraordinary relative size and tenor of these new anomalies, having similarity to others within the regional Tireo Gold Camp. Low-cost soil sampling is a proven, effective and efficient vectoring tool for identifying prospective VMS (volcanogenic massive sulphide) and epithermal styles of mineralization in the Tireo Gold Camp.

The Company will follow up on these latest results by implementing a program of groundwork within these new zones to conduct more detailed mapping and sampling to better examine and understand these zones and refine the ongoing potential of each zone. Results from this planned work will be reported as it becomes available.

The Company’s website has additional information, maps and figures of recent and historical Pueblo Grande project data.

For reference: g/t = grams per tonne, Au = gold, m = metres,

This news release has been reviewed by Michael Moore, Vice President, Exploration of Precipitate Gold Corporation, the Qualified Person for the technical information in this news release under NI 43-101 standards.

About Precipitate Gold:

Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic. The Company has entered into an Earn-In Agreement with Barrick Gold Corporation, whereby Barrick can earn a 70% interest in the Company’s Pueblo Grande Project by incurring US$10M within six years and producing a qualifying Pre-feasibility Study. Precipitate is also actively evaluating additional high-impact property acquisitions with the potential to expand the Company's portfolio and increase shareholder value, in other favourable jurisdictions.

Additional information can be viewed at the Company’s website www.precipitategold.com.

On Behalf of the Board of Directors of Precipitate Gold Corp.,

“Jeffrey Wilson”

President & CEO

For further information, please contact:

Tel: 604-558-0335 Toll Free: 855-558-0335 investor@precipitategold.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Precipitate Gold Corp.’s (“Precipitate” or the “Company”) current beliefs and is based on information currently available to Company and on assumptions it believes are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be granted on terms acceptable to the Company, or at all; general business, economic, competitive, political and social uncertainties; the concessions acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory approvals; changes in legislation, including environmental legislation affecting mining; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Precipitate has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities laws.




To: LoneClone who wrote (180972)8/21/2024 2:48:37 PM
From: LoneClone  Read Replies (1) | Respond to of 192471
 
Nord Precious Metals Update on Progress on Recovery Permits and Future Tailings Operations at Castle Mine

thenewswire.com

August 21, 2024 – TheNewswire - Coquitlam, BC - Nord Precious Metals Mining Inc., (TSXV: NTH) (OTCQB: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Nord” or “Nord Precious Metals”), is progressing with the evaluation of high-grade tailings in Miller Creek, which were produced by the processing of the Castle Mine ore over 80 years ago. The tailings were deposited in the creek as was the norm at that time for tailings deposition.

Highlights on Miller Creek Tailings:

  • Engaged with a backfill contractor to place the tailings underground at the Castle Mine starting with the first level.

  • Pricing was discussed with cemented backfill, as is the norm for tailings disposition in the first level mined-out stopes.

  • This process will stabilize the crown pillars and the historic openings to surface. This was one of the key requirements for a closure plan approval prior to granting a permit for the extraction of mineralized material from underground.

As the Company has already rehabilitated much of the first level of the Castle Mine and converted it from track mining to trackless, it was found that there was a significant amount of broken mineralized material similar to what is on the waste piles outside the mine. A sample of the outside waste pile material was reprocessed at the high-grade gravity plant at Temiskaming Testing Labs in Cobalt, Ontario from which a 1,000-ounce silver bar was poured and also a high-grade gravity concentrate was produced and further processed at SGS in Lakefield, Ontario to produce cobalt sulfate for the Asian EV market using the Re-2Ox process.

Nord contemplates using a remote-controlled scoop tram to recover the broken mineralized material from the open stopes before back-filling with reprocessed tailings from Miller Creek. The Company has purchased a gravity plant for the reprocessing with all the pumps and generators. The Company envisions this as a seasonal reprocessing program.

Nord will review the costing it has received from the back-fill contractor as well as the historical assays and metallurgical test work completed to date on the Miller Creek tailings to evaluate the best path forward. This will be presented shortly in an updated news release.

Qualified Person

The technical information in this news release was approved by and prepared under the supervision of Matthew Halliday, P.Geo., (PGO), President and COO Nord Precious Metals., a qualified person in accordance with National Instrument 43-101.

About Nord Precious Metals Mining Inc.

Nord Precious Metals Mining Inc. (formerly Canada Silver Cobalt Works Inc.) recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000 m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.

In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves and do not have demonstrated economic viability. Please refer to the Nord Precious Metals (previously Canada Silver Cobalt Works) Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed a nearly 16,000-metre drill program on the Graal property; and (2) St. Denis-Sangster lithium project – 260 square kilometers of greenfield exploration ground with numerous pegmatites focussed along a significant volcanic sedimentary rock – Archean granite contact near Cochrane, Ontario contiguous to Power Metals’ Case Lake Lithium properties.

Nord Precious Metal’s flagship silver-cobalt Castle mine and 78 sq. km Castle property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Nord Precious Metals is strategically positioned to become a Canadian leader in the silver-cobalt space. More information is available at www.nordpreciousmetals.com.

“Frank J. Basa”

Frank J. Basa, P. Eng. Ontario

Chief Executive Officer

For further information, contact:

Frank J. Basa

Chief Executive Officer

416-625-2342

or:

Wayne Cheveldayoff,

Corporate Communications

P: 416-710-2410

E: waynecheveldayoff@gmail.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company does not undertake to update any forward-looking information in this news release or other communications unless required by law.