Precipitate Collects 8,500 Soil Samples At Southern End of Juan de Herrera Project, Dominican Republic
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Precipitate Collects 8,500 Soil Samples
At Southern End of Juan de Herrera Project, Dominican Republic
Vancouver, B.C. – October 24, 2017 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG)
is pleased to announce completion of an extensive a nd detailed soil sampling program throughout the
southern portion the Company’s 100% owned Juan de Herrera project in the Dominican Republic.
As part of a substantial ongoing property wide deta iled soil sampling program, field crews have collec ted
approximately 8,500 new soil samples from within th e southern portion of the project and are now
analyzing the samples with a portable XRF (X-ray fl uorescence analyzer). Sampling covers the Southeast ,
South Jengibre , Peak and Melchor zones where geochemical anomalies had previously been delineated by
sparse and uneven sampling coverage. Additional sampling is ongoing, with crews now focusing on multiple
areas to the north and northwest of Ginger Ridge, as crews execute on our objective to complete property-
wide sampling coverage by December of this year. Se e the accompanying map or the Company’s website
for the detailed soil sample location figure.
Jeffrey Wilson, Precipitate’s President and CEO commented, “Over the past month and half our Dominican
field crews have been very busy collecting detailed soil samples; working expeditiously to survey an
extensive area in a short amount of time. Collectively, the XRF results for new soil samples, plus the earlier
geochemical sample results, along with induced pola rization (“IP”) and magnetic geophysical survey dat a
will assist in outlining any compelling multi-layer ed anomalies that exist throughout the JDH Property . To
truly appreciate the scale and scope of this sampli ng program, I encourage readers to view the
accompanying map to get a true sense of the sampling density. Given the known northwest/southeast
trending nature of mineralized zones in the region, it’s additionally compelling to note the relations hip
between several Precipitate zones and those recentl y noted by GoldQuest as emerging targets within its
project area. As we increase our ongoing exploration, we expect to identify additional potential drill targets
within this portion of the project, augmenting our existing drill targets at Ginger Ridge East and the
Southeast Zones such that a more substantial drill program, targeting multiple zones, could be
contemplated in the months ahead.”
The purpose of the property wide detailed soil samp ling program is to rapidly and cost-effectively com pile
an additional layer of geochemical data. The derive d XRF data will further facilitate the identificati on of
new target areas and refine the scope of known zone s; in particular areas of alteration and/or
mineralization related to Volcanogenic Massive Sulp hide (“VMS”) and Epithermal-Gold deposit models.
Within the current survey, samples are being collected at a density of 25 metres by 50 metres and analyzed
with a portable XRF analyzer by Company technicians to identify a selection of anomalous samples to
forwarded to the laboratory for analyses. Portable XRF instruments collect quality base metal and vari ous
pathfinder element data, but limited precious metal results. All soil samples from this phase of exploration
will be placed in secure storage for future analyse s. Results of the comprehensive soil sampling progr am
will be disclosed as they become available and are interpreted.
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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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:
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",
"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.