Precipitate’s Latest Trench Sampling at Ginger Ridge East Returns 8.0 metres of 3.5 g/t Gold within 18.0 metres of 2.2 g/t Gold
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Precipitate’s Latest Trench Sampling at
Ginger Ridge East Returns 8.0 metres of 3.5 g/t Gold within 18.0 metres
of 2.2 g/t Gold
Vancouver, B.C. – August 9, 2017 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to announce results from recent continuous rock chip channel hand sampling at the Ginger Ridge
East Zone at the Company's 100% owned Juan de Herrera Property in the Dominican Republic.
The Company has received laboratory results for continuous rock chip channel samples collected from two
new trenches located within the Ginger Ridge East Z one, with a Trench 6 highlight interval of 18.0 metres
(“m”) of 2.20 grams per tonne (“g/t”) gold includin g 4.0m of 3.95 g/t gold . Mineralization is currently
open in both trench sampling directions and results for 32 follow up channel samples, for 64m of sampling,
are pending. Laboratory results also show elevated copper, lead and zinc values, replicating the multi -
element character of the surrounding soil anomaly. See the accompanying map or the Company’s website
for the Ginger Ridge East Trench location map.
Highlight continuous rock chip channel results from the two latest trenches sampled at the East anomal y
are as follows:
• Trench 5: 5.5m of 0.25% zinc including 2.0m of 0.5% zinc ; and
• Trench 6 (partial): 18.0m of 2.20 g/t gold , including 8.0m of 3.52 g/t gold , or 4.0m of 3.95 g/t gold.
The true width of the mineralised intervals is uncertain as the orientation of mineralization observed to
date is not fully understood.
Jeffrey Wilson, Precipitate’s President & CEO state d, “We’re excited about these latest trench samplin g
results as they underscore the prospective nature of the Ginger Ridge East zone. Results from Trench 6 are
encouraging as they represent richer gold grades ov er greater lengths than any prior trench results
reported from this, or any other zone within the pr oject., The continued presence of copper, lead and zinc
accompanying elevated gold values is in-keeping wit h the characteristics previously identified in this area.
With additional samples from each end of trench 6 n ow submitted for analysis and drill assay results
forthcoming, we’re optimistic about the ongoing potential of this emerging new area.”
Continuous rock chip channel samples were collected from two incised creeks within the main target are a.
Sample results from Trench 6 identified an interval of significant gold values which is currently open in both
directions. A recent follow up sampling program col lected additional continuous rock chip samples,
extending Trench 6 sampling 36m to the northeast an d 28m to the southwest from the initial work, for a
combined total sampling extent of 82m. In advance of receiving the pending East Zone analyses, field crews
TSX VENTURE: PRG | www.precipitategold.com
625 Howe Street, Suite 1020, Vancouver, BC, V6C 2T6
Toll free: 855 558 0335
Direct: 604 558 0335
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have mobilized to the southern portion of the proje ct to the Southeast, South Jengibre, Peak and Melch or
zones to complete follow up detailed soil sampling, rock chip sampling and focused prospecting to advance
these zones for possible drilling.
Rock and soil samples were bagged, sealed and deliv ered directly to the Bureau Veritas (“BV”) preparat ion facility in Maimon
Dominican Republic where they were dried, crushed ( or sieved in the case of soils) and pulverized. Sam ple pulps were then
delivered to BV facilities in Vancouver BC (an ISO 9001 accredited facility) for analyses. Samples were crushed (or sieved) to with up
to 80% passing 2mm and split using a riffle splitter (code PRP70-250). An approximate 250 gram sub-sample split was pulverized to
minus 200 mesh (74μ). A 15 gram sub-split from the resulting pulp was then subjected to aqua regia dig estion and multi-element
ICP-MS analysis (code AQ201). Rock sample results wi th gold values greater than 500 ppb were subjected to fire assay (ICP-ES
finish) analysis (30 g pulp; code FA330-Au).
This news release has been reviewed by Michael Moor e P. Geo., Vice President, Exploration of Precipita te
Gold Corporation, the Qualified Person for the tech nical information in this news release under NI 43- 101
standards.
About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration com pany focused on exploring and advancing its mineral
property interests in the Tireo Gold Trend of the D ominican Republic. The Company also maintains asset s
in British Columbia and southeast Yukon Territory a nd is actively evaluating additional high-impact
property acquisitions with the potential to expand the Company's portfolio and increase shareholder value.
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 [email protected]
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 w ords 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 ac hieved. 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-loo king information is subject to known and unknown ri sks, 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 a ll; 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 av ailability of external financing on acceptable
terms; conclusions of economic evaluations; and lac k of qualified, skilled labour or loss of key indiv iduals. Although Precipitate has attempted to
identify important factors that could cause actual results to differ materially from those contained i n forward-looking information, there may be
other factors that cause results not to be as antic ipated, 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.