Precipitate’s Trench Sampling at Ginger Ridge East Anomaly Returns 16.0 metres of 1.1 g/t Gold
Page 1 of 3
Precipitate’s Trench Sampling at
Ginger Ridge East Anomaly Returns 16.0 metres of 1.1 g/t Gold
Vancouver, B.C. – June 20, 2017 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to announce results from its recent hand-tr ench sampling program within 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 cha nnel samples collected from four hand-dug trenches
located within the Ginger Ridge East Zone, with a h ighlight interval of 16.0 metres (“m”) of 1.1 grams per
tonne (“g/t”) gold including 4.0m of 2.27 g/t gold . Trenching results also show elevated silver, lead and
zinc values, replicating the multi-element character of the overlying soil anomalies. In addition to gold, zinc
values are also highly anomalous with highlight int ervals of 10.0m of 0.18% zinc (Trench 1) and 18.0m of
0.16% zinc (Trench 3); separated by approximately 180 metres. See the accompanying map or the
Company’s website for the Ginger Ridge East Trench location map.
Highlight hand trenching results on the East anomaly within the Ginger Ridge Zone are as follows:
• Trench 1: 16.0m of 1.12 g/t gold including 4.0m of 2.27 g/t gold within a broader 24.0m of 0.80 g/t
gold ; also 10.0m of 0.18% zinc ;
• Trench 2: 8.0m of 0.64 g/t gold; also 48.0m of 0.11% zinc, including 12.0m of 0.16% zinc ; 12.0m of
21.8 g/t silver;
• Trench 3: 4.0m of 0.59 g/t gold, also 16.0m of 0.28 g/t gold; 10.0m of 0.17% zinc and 18.0m of
0.15% zinc ; and,
• Trench 4: 24.0m of 0.45 g/t gold, 6.0m of 13.7 g/t silver and 6.0m of 0.17% zinc
* The true width of the mineralised intervals is uncertain as the orientation of mineralization observed to date is not
fully understood.
Jeffrey Wilson, Company President & CEO stated, “We are pleased that our preliminary trenching has
confirmed the multi-element tenor of the extensive and robust East Zone soil anomaly. The density of o ur
previous soil sampling within the zone indicated co nsistent and robust mineralization in the soils
throughout the anomaly. Although current trenching only sampled a small portion of the broader (1,000m
by 100m) soil anomaly, we are pleased once again wi th the consistencies and seeming continuity of
mineralization identified in this limited selection of trench sample results. It’s equally compelling to note
that Trench 4 is located beyond the limits of the i nitial soil anomaly near its current northwest exte nt,
evidencing the zone’s potential to be increased and /or expanded through ongoing future work. Results
from the trenching have provided valuable informati on which will greatly assist with the targeting for the
ongoing drill program.”
TSX VENTURE: PRG | www.precipitategold.com
625 Howe Street, Suite 1020, Vancouver, BC, V6C 2T6
Toll free: 855 558 0335
Direct: 604 558 0335
Page 2 of 3
Geological mapping shows the East Zone soil anomaly to be underlain by northwest trending intermediate
to felsic volcanic rocks (ash, lapilli and fragment al tuffs) with an estimated dip of 45 to 60 degrees
northeast, which are overlain by andesite-basalt vo lcanics to the east. The eastern limit of the gold- in-soil
anomaly closely maps the contact between the underl ying mineralized intermediate volcanics and the
andesite-basalt rocks. The amygdaloidal andesite-basalt rocks show pervasive chlorite-epidote-quartz, with
disseminated magnetite-pyrite.
Trenches 1 to 3 are located in the southeast portio n of the lengthy multi-element East Zone soil anoma ly,
while the smallest trench 4 is located about 80 metres north of a barite occurrence at the northwest end of
the anomaly. Collectively the trench channel sampli ng includes 322 metres of sampling or 161 samples a t
two metre sample widths. Sampling exposures were pr edominantly variable saprolitized rock. Sampling of
“fresh” (unweathered) material in the region generally requires drilling, which will begin shortly within this
zone as part of the ongoing drill program.
Rock and soil samples were bagged, sealed and delivered directly to the Bureau Veritas (“BV”) preparation
facility in Maimon Dominican Republic where they we re dried, crushed (or sieved in the case of soils) and
pulverized. Sample pulps were then delivered to BV facilities in Vancouver BC (an ISO 9001 accredited
facility) for analyses. Samples were crushed (or si eved) to with up to 80% passing 2mm and split using a
riffle splitter (code PRP70-250). An approximate 25 0 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 digestion and
multi-element ICP-MS analysis (code AQ201). Rock sample results with gold values greater than 1,000 pp b
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
Page 3 of 3
use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is ex pected", "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, politi cal 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 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.