Precipitate Adds New Drill Target at Ginger Ridge by Expanding Latest Gold-in-Soil Anomaly
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Precipitate Adds New Drill Target at Ginger Ridge
by Expanding Latest Gold-in-Soil Anomaly
Vancouver, B.C. – April 11, 2017 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to announce follow up results for the recen tly identified gold-in-soil geochemical anomaly at the
Ginger Ridge zone, within the Company’s 100% owned Juan de Herrera Project in the Dominican Republic.
Results of ongoing follow-up work on the Company’s new high priority multi-element soil anomaly indicate
a measured surface length of 1,100 metres (“m”) and an estimated average width of 100 metres. The
northwest-southeast trending zone is both consistent and strong, with notably elevated gold, lead and zinc
values on the southern part of the anomaly. This ne w area is located approximately one kilometre east of
the main drill test area at Ginger Ridge and is rap idly developing into a high priority target. See th e map
below or the Company’s website for the Ginger Ridge gold-in-soil anomaly illustration map.
Work completed to date on this new high priority “East anomaly” within the Ginger Ridge Zone has yielded
the following highlight results:
• The “East Anomaly” is the most significant surface soil geochemical anomaly identified to date at
the Project, based on the anomaly’s length and consistently high sample values;
• The 1,100m by 100m multi-element soil anomaly hosts strong gold, lead and zinc values, with
gold up to 842 ppb, zinc up to 2,461 ppm and lead up to 305 ppm;
• The anomaly is coincident with a strong magnetic low geophysical signature; an important
geophysical feature for potential gold mineralization in the region; and
• The zone envelopes a large barite subcrop exposure hosted in Tireo volcanics. Barite is
commonly associated with many notable Tireo Gold Ca mp mineral systems, particularly with
volcanogenic massive sulphide (“VMS”) systems.
Jeffrey Wilson, Precipitate’s President & CEO state d, “We are delighted that follow up work on our new
multi-element soil anomaly demonstrates both strong and consistent gold, lead and zinc values over a large
area of target Tireo Volcanics. The fact that the z one is coincident with a strong magnetic low geophy sical
signature is an additional and important characteri stic. Magnetic lows are a common indicator of
underlying hydrothermal activity that led to magnetite destruction. This appears to be the most significant
surface anomaly identified to date by our crews. Th e area is currently undergoing addition detailed in fill
soil sampling, hand trenching and geological mappin g, in order to complete target delineation in advan ce
of drilling at this new high priority zone."
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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Recent soil samples were collected on 25m by 25m gr id intervals along northeast oriented grid lines. T he
multi-element soil anomaly is characterized by a co rrelation of gold with various pathfinder elements
which include arsenic, antimony, silver, lead, and zinc. The gold-in-soil anomaly is defined by values
exceeding the 70 th percentile (5.1 ppb). To date, gold-in-soil values within the new anomaly area range
from nil to 842 ppb. Early geological mapping at th e anomalous zone indicates the zone is underlain by
intermediate volcanic rocks with a northwest strike and an estimated dip of -45 degrees northeast.
The new soil anomaly is on general trend with the r ecent “Cachimbo” discovery by neighbouring
GoldQuest. The Ginger Ridge zone is part of a larg er series of hydrothermal centers that stretch some
seven kilometres through to Precipitate’s “Southeas t” and “Jengibre South” targets, among others along
trend.. Precipitate crews are working on targets i n the southern portion of PRG’s Juan de Herrera pro ject
and work from these areas will be reported separately as results are received and interpreted.
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.
Rock and soil samples were bagged, sealed and deliv ered directly to Bureau Veritas (“BV”) preparation fa cility 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. Sa mples were
crushed (or sieved) to with up to 80% passing 2mm a nd split using a riffle splitter (code PRP70-250). An approximate
250 gram sub-sample split was pulverized to minus 2 00 mesh (74μ). A 15 gram sub-split from the resulti ng pulp was
then subjected to aqua regia digestion and multi-el ement ICP-MS analysis (code AQ201). Rock sample res ults with
gold greater than 1,000 ppb were subjected to fire assay (ICP-ES finish) analysis (30 g pulp; code FA330-Au).
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 northern British Columbia and southeast Yukon Te rritory and 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 ex pected", "budget", "scheduled", "estimates",
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"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 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.
1
2 3, 4
9
5, 6
7
8 10
11
-2800
-2600
-3000
-2000
-1600
-2400
-2200
-1800
-1400
-1100
-1000
-900
-3000
-2800
-2600
-2400
-2200
-1300
-1600
1800
-500
-700
-600
-800
-700
-1200
-1400
-1300
-1100
-500
-500
-200
-300
-400
-1000
-800
-900
-500
-300
-400
-600
0 500 1000
metres
barite
subcrop
limestone reverse fault (inferred)
Tireo
Volcanics
-600
Diamond Drillhole Location
L12
Au soil >70th percentile, 5.1 ppb
NEW Gold-in-Soil Anomaly
0 500
metres
Multi-Element
“East Soil Anomaly”
Gold up to 842 ppb
Zinc up to 2,461 ppm
Lead up to 305 ppm
Copper to 218 ppm
Gold Soil Geochemistry (ppb)
53.6 to 842 (>95th percentile)
21.3 to 53.6 (90-95th %tile)
8.4 to 21.3 (80-90th %tile)
5.1 to 8.4 (70-80th %tile)
< 5.1 (< 70th %tile)
JDH Project border
GoldQuest Mining
Tireo Property
57
730
62
57
64
127
398
87
220
175
57
107
125
235
338
100
55.3
54
117
145
77
248175
842
164188
181
232
648
266
101
78
379
123
102
221
185
162
202135
212163
93
Barite
Showing
Magnetics
Total Field RTP
Ginger Ridge
Juan de Herrera Project
Magnetics + Gold Soil Anomalies
JDH Project border
GoldQuest Mining Tireo Property
Infill Soil Sample Results Pending
1,100 metres
Gold-in-Soil Anomaly
(Au soil >70th percentile, 5.1 ppb)
April 2017
GQC Cachimbo Zone ~ 2-3 km
DDH
TIR16-09
4.5m @ 13.8 g/t
Au, 1
1.8% Zn, 1.1% Cu