Precipitate Identifies New 850 metre Long Gold-in-Soil Anomaly at Ginger Ridge, Dominican Republic
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Precipitate Identifies New 850 metre Long Gold-in-Soil Anomaly at
Ginger Ridge, Dominican Republic
Vancouver, B.C. – March 2, 2017 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to announce the discovery of a new gold-in- soil geochemical anomaly at the Ginger Ridge zone,
resulting from the ongoing and wide ranging exploration activities within the Company’s 100% owned Juan
de Herrera Project in the Dominican Republic.
Recent soil sampling at and around the Ginger Ridge Zone has identified a new gold-in-soil anomaly located
approximately one kilometre (“km”) east of the main drill test area. The multi-element soil geochemica l
anomaly has a northwest-southeast (“NW-SE”) trend a nd exceeds 850 metres (“m”) in length, with an
average 100m width and is open ended to the southea st toward the eastern property boundary shared
with GoldQuest Mining Corp. Currently, Precipitate field staff are carrying out comprehensive follow-u p
work that includes additional soil and rock samplin g, detailed geological mapping and ground magnetic
surveying. See the accompanying map or the Company’s website for the Ginger Ridge gold -in-soil anomaly
illustration map. Initial work at this new anomaly within the Ginger Ridge Zone has yielded the follow ing
preliminary results:
• New Ginger Ridge gold-in-soil anomaly (plus other important pathfinder elements, including
arsenic, antimony, silver, lead, and zinc) located approximately one km east of the main drill test
area. The anomaly trends NW-SE, ranges from 75m to 250m wide by at least 850m long and
remains open to the southeast;
• The soil anomaly is coincident with recently identified induced polarization (“IP”) gradient
geophysical anomalies; resistivity high and weak to moderate chargeability; and
• Discovery of a large barite subcrop exposure hosted in altered Tireo volcanics located within the
soil anomaly. Barite is commonly associated with no table Tireo Gold Camp gold-in-soil mineral
systems and with volcanogenic massive sulphide (“VMS”) systems in particular.
Soil sample coverage was recently extended to the e ast of the Ginger Ridge main anomaly to: (i) test
recently identified gradient IP geophysical anomali es in the area; and (ii) to investigate the geology on
trend from GoldQuest’s Cachimbo ‘VMS-style’ discovery area, located 2.0km northwest of Ginger Ridge.
Jeffrey Wilson, Precipitate’s President & CEO state d, “We are very pleased that our expanded explorati on
work has identified a prospective new gold-in-soil anomaly situated immediately east of the main Ginge r
Ridge drill zone. The newly identified geochemical anomaly overlies a compelling geophysical target
comprised of a combined coincident high resistivity and weak to moderate chargeability in a geological
setting analogous to other mineralized zones that o ccur in the Tireo Formation. In addition, the disco very
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Direct: 604 558 0335
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of a large barite subcrop, hosted in Tireo volcanic rocks, within the confines of the soil anomaly is an
important g new development, as barite is commonly associated with Tireo gold systems. A more detailed
program of surface sampling and geological and grou nd magnetic geophysical surveying in the vicinity o f
the barite subcrop is ongoing and will greatly assi st with the geological interpretation of the anomal y as a
possible near term drill target.”
Soil sampling at Ginger Ridge now comprises an area measuring about 3.4km by 1.6km covering much of
the prospective Tireo volcanic rocks in the zone. T he recent soil samples were collected at 25m to 50m
intervals along northeast oriented grid lines at 10 0m line intervals. The multi-element soil anomaly i s
characterized by a correlation of gold with various pathfinder elements which include arsenic, antimon y,
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 730 ppb.
Similar field work is being conducted elsewhere wit hin and around Ginger Ridge as the Company seeks to
expand its pipeline of targets in advance of furthe r drill testing. Additional field results will be r eported as
they become available.
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.
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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.
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metres
JDH Project border
JDH Project border
GoldQuest Mining Tireo Property
GoldQuest Mining Tireo Property
barite
subcrop
limestone
limestone
thrust fault (inferred)
thrust faultTireo
Volcanics
Tireo
Volcanics
March 2017
Ginger Ridge
Juan de Herrera Project
Ginger Ridge
Juan de Herrera Project
Ginger Ridge
Juan de Herrera Project
Gold Soil Anomalies
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New Gold-in-soil
Anomaly
0.7
5.0
4.0
3.0
IP Gradient Geophysics
Total Chargeability
(mV/V)
Diamond Drillhole Location
Gold-in-Soil Anomaly
(Au soil >70th percentile, 5.1 ppb)
NEW Gold-in-Soil Anomaly
GQC Cachimbo Zone ~ 2-3 km NW
DDH
TIR16-09
4.5m @ 13.8 g/t
Au, 1
1.8% Zn, 1.1% Cu
1
2 3, 4
9
5, 6
7 8
10
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