The property hosts 11 historical mineral occurrences, including eight gold showings. Eight diamond drill holes done in 2007 returned promising results such as 0.7 metre of 3.2 g/t gold, 10.4 metres of 9.82 g/t gold, and 1.5 metres of 2.8 g/t gold. The best grades were found in grab samples that ranged from 4.5 g/t to 25 g/t gold.
The Precipitate team is reviewing historical data and has applied to conduct a heliborne geophysical survey in September. Various surface sampling and field follow-up are planned, leading perhaps to a 5,000-metre diamond drill program.
(This article first appeared in the Canadian Mining Journal)
