Precipitate’s New Geochemical Data Elevates Southeast and South Jengibre Zones to High Priority Targets at the Juan de Herrera Project, Dominican Republic
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Precipitate’s New Geochemical Data Elevates Southeast and South
Jengibre Zones to High Priority Targets at the Juan de Herrera Project,
Dominican Republic
Vancouver, B.C. – February 27, 2018 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG)
is pleased to announce details from compiled results and interpretation from the latest geochemical survey
at the Southeast and South Jengibre zones located within the Company’s 100% owned Juan de Herrera
project in the Dominican Republic. The two neighbouring zo nes are located approximately six kilometres
southeast of the Company’s Ginger Ridge Zones.
At the Southeast and South Jengibre zones , new base metal and path finder element anomalies have been
delineated through soil sampling and the use of X-r ay fluorescence (“XRF”) analysis. This latest work has
expanded and refined existing anomalies with new ba se metal (copper, lead and zinc) soil anomalies.
Previous results from Precipitate in these zones in cluded a high-grade copper showing at the Southeast
Zone returning a grab sample of 13.5%* copper and trench results of 8.0 metres (‘m’) grading 1.28%
copper , including 3.0m of 2.78% copper , and anomalous gold values at the South Jengibre Zone including
rock grab samples up to 5.2 grams per tonne gold . The new XRF base-metal-in-soil data provides an
additional layer of information about these anomali es when reviewed along with the prior gold and
pathfinder geochemical data and induced polarizatio n (“IP”) and magnetic geophysical surveying data
generated from these areas. Collectively, these coi nciding layers of technical data have elevated the
Southeast and South Jengibre zones into high-priority anomalies and emerging future drill targets. See the
accompanying XRF data map and Animated Multi-element Anomaly GIF map or the Company's website for
the detailed data compilation figures.
Jeffrey Wilson, Precipitate’s President and CEO com mented, “We are pleased that our XRF soil sampling
survey is complementing our existing geochemical an d geophysical data. It is important to note that
samples from our recent survey, comprised of some 1 7,400 soil samples, have to date only been analyzed
onsite with a portable XRF device. Priority samples from this program will be selected and shipped to for
more comprehensive analysis for an expanded suite o f elements; the most important of which being gold.
Any notable gold values and/or anomalies derived from this future laboratory work will provide a valua ble
offset to the already encouraging base metal and pa thfinder anomalies identified to date. As previousl y
announced, this work has been conducted over a large portion of the Juan de Herrera project, so additional
similar results are expected from multiple other ar eas of the project in the coming weeks as we seek t o
grow the number of drillable targets.“
In the near term, Precipitate plans to carry out de tailed geological mapping and focussed continuous r ock
chip sampling to prioritize drill targets within or around these zones.
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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The identification and ongoing refinement of multi-layered geophysical-geochemical anomalies at both the
Southeast and South Jengibre Zones substantially exp ands the scope and scale of the JDH project
exploration. Additional potential drill targets are emerging in the Company’s extensive Tireo Gold Cam p
volcanic rocks on the southern extent of the property, adding to the priority work at Ginger Ridge East. The
Southeast, South Jengibre, Peak and Melchor zones h ost significant new XRF base-metal-in-soil anomalie s
that require follow up sampling programs to better define the full extent of the anomalies and to vect or
towards prospective VMS (volcanogenic massive sulph ide) and epithermal styles of mineralization in the
Tireo volcanic rocks.
* NOTE: Surface rock grab samples are selective by nature and are unlikely to represent average grades of the zone.
XRF soil samples were collected at a density of 25 m etres by 50 metres and analyzed with a portable XRF analyzer by
Company technicians. Portable XRF instruments collec t quality base metal and various pathfinder element data, but
provide limited precious metal results. All soil sa mples from this phase of exploration have been plac ed in secure
storage for future work, which may include laborato ry analyses, geological review or clay/alteration s tudies. Prior
laboratory soil samples collected by Precipitate an d GoldQuest Mining Corp. were collected on a wide r ange of
densities (up to a detailed 25m x 50m) and were sub mitted to Bureau Veritas (“BV”) for multi-element ICP -MS
analysis. Rock and soil samples were bagged, sealed and delivered directly to the BV preparation facili ty in Maimon
Dominican Republic where they were dried, crushed ( or sieved in the case of soils) and pulped. Sample 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 usi ng a riffle splitter (code PRP70-250). An approxima te 250 gram
sub-sample split was pulverized to minus 200 mesh ( 74μ). A 15 gram sub-split from the resulting pulp w as then
subjected to aqua regia digestion and multi-element ICP-MS analysis (code AQ201). Rock sample results with gold
greater than 1,000 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, including the Company’s Reef property located
immediately adjacent to Golden Predator’s 3 Aces Pr oject in the Upper Hyland River area. The Company
has entered into an Option to Purchase Agreement wi th Golden Predator whereby Golden Predator can
earn a 100% interest in the Reef claims by making c ertain staged payments in cash and shares and
warrants. Precipitate is also actively evaluating a dditional high-impact property acquisitions with th e
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:
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Tel: 604-558-0335 Toll Free: 855-558-0335 [email protected]
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than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the
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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, politi cal and social uncertainties; the concessions
acquired by the Company may not have attributes sim ilar to those of surrounding properties; delay or f ailure to receive governmental or regulatory
approvals; changes in legislation, including enviro nmental 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.