Precipitate Collects over 17,000 Detailed Soil Samples in Property-wide Survey at Juan de Herrera Project, Dominican Republic
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Precipitate Collects over 17,000 Detailed Soil Samples
in Property-wide Survey at Juan de Herrera Project, Dominican Republic
Vancouver, B.C. – January 30, 2018 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to announce completion of a nearly property -wide detailed soil sampling program conducted on
the Company’s 100% owned Juan de Herrera project in the Dominican Republic.
Over a four-month period, ending in December 2017, field crews collected a total of 17,414 soil sample s
from the property, achieving a near property-wide s ystematic and detailed soil sampling survey. A tota l of
14,759 (or 85%) of these soil samples have been analyzed with a portable XRF unit (X-ray fluorescence) and
data is being compiled and evaluated. The new sampl ing coverage includes the Southeast, South Jengibre,
Peak and Melchor zones located in the southern regi on of the project, as well as the previously
underexplored areas in the northern part of the project where sparse prior sampling indicates the areas are
underlain by target Tireo volcanic rocks. See the accompanying map or the Company’s website for the
detailed soil sample location figure.
A follow up soil sampling program is anticipated to commence shortly after the data has been compiled
and interpreted, and will expand sampling coverage to include specific open anomalies and to complete
comprehensive property coverage of the few remainin g areas of known Tireo volcanic which have seen
little or no sampling to date.
Jeffrey Wilson, Precipitate’s President and CEO com mented, “The completion of the formidable task of a
near property-wide detailed soil sampling survey provides the Company with an incredible amount of data
over much of our extensive property package. Adding over 17,000 new samples to the more than 5,000
already collected, increases our total sample cover age by 340%. The new XRF data will complement the
current geochemical database and help our team to vector to priority areas where few, or no samples ha d
previously been collected. We anticipate compiled results and interpretations to be disclosed in the w eeks
and months ahead. Results from this round of work c oupled with the drill-ready targets already in-place at
Ginger Ridge East and the Southeast Zones will provide the basis for a more substantial future drill program
targeting multiple zones throughout the project in 2018.”
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 from multip le prospective areas of the project where little or no
systematic exploration had previously been conducte d. The derived XRF data will further facilitate the
identification of new target areas and refine the s cope of known zones. Within the survey, samples wer e
collected at a density of 25 metres by 50 metres an d analyzed with a portable XRF analyzer by Company
technicians. Portable XRF instruments collect quali ty 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 laboratory analyses, geological review or clay/alteration
studies. Results of the comprehensive soil sampling program 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, 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.