Precipitate Completes Extensive Induced Polarization Geophysical Survey Program Over Multiple Prospective Zones at Juan de Herrera
Page 1 of 2
Precipitate Completes Extensive Induced Polarization Geophysical
Survey Program Over Multiple Prospective Zones at Juan de Herrera
Vancouver, B.C. – May 17, 2017 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to announce it has completed an extensive Induced Polarization (“IP”) geophysical survey program
over multiple anomalous zones within its 100% owned Juan de Herrera project in the Tireo Gold Camp in
the Dominican Republic.
The Company has completed a sizeable IP geophysical program focused on Ginger Ridge and the five target
areas generated by airborne mag and last year’s first past mapping and soil and rock geochemical program
that covered areas within the Juan de Herrera property known to be underlain by favourable Tireo volcanic
rocks. Initiated in late September 2016 and complet ed in various stages, IP surveying covers the Ginge r
Ridge, Southeast, South Jenigbre, Peak, Melchor and JT zones. Company consultants are now processing
and modelling all geophysical data and generating m aps and various models as part of the interpretive
process.
Jeffrey Wilson, Precipitate’s President & CEO state d, “We are pleased to have completed IP geophysical
surveying on all six of our priority zones. This is a significant milestone for our exploration work i n the
Dominican Republic, as IP geophysics is an essentia l tool for gold exploration in the Tireo Gold Camp and
the survey completed by the Company is the most extensive to date on the project. We are now compiling
and interpreting the IP data in combination with ou r considerable geochemical data base and newly
created detailed geological maps, as part of the ongoing process of delineating and prioritizing prospective
zones for a future program of exploration drilling. Results of the ongoing interpretation and assessme nt
work will be reported as completed.”
Property-wide, a total of 80 line kilometres have b een IP surveyed, including the 2014 Ginger Ridge IP
geophysical work (which consisted of gradient, pole -dipole and Insight arrays). In addition, the Compa ny
has collected ground magnetic readings from 73 line kilometres surveyed within the project; selective
magnetic geophysical surveying is ongoing.
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 .
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 2
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.