Precipitate Identifies Numerous New Base Metal Soil Anomalies at Juan de Herrera Project, Dominican Republic
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Precipitate Identifies Numerous New Base Metal Soil Anomalies at Juan
de Herrera Project, Dominican Republic
Vancouver, B.C. – February 13, 2018 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG)
is pleased to announce regionally compiled results of its near property-wide soil sampling program
conducted on its 100% owned Juan de Herrera project in the Dominican Republic.
The combination of previously collected soil sampli ng analyses with recent XRF (X-ray fluorescence)
scanning data from a nearly property-wide regional scale survey has identified numerous new and very
extensive base metal anomalies (copper, lead and zi nc) on the Company’s Juan de Herrera property. The
Southeast and Peak-Melchor areas host some of the m ore significant new base-metal-in-soil anomalies,
being kilometre-scale in size and open along strike in at least one direction. These and other new zones will
require follow up soil sampling programs to better define the full extent of their surface expressions and
assist in vectoring drill targets to identify the source of mineralization.
The soil anomalies shown on the accompanying map emphasise the dominant northwest-southeast
regional stratigraphic and mineralized trends and demonstrate the extraordinary relative size and tenor of
these new anomalies in comparison to others within the regional Tireo Gold Camp. See the accompanying
map or Company’s website for the regional-scale soil sample figure.
Jeffrey Wilson, Precipitate’s President and CEO commented, “We’re pleased with these latest results fr om
our extensive soil sampling survey as they once again support, and in fact expand the project’s potential to
host multiple mineralized zones warranting detailed follow up and future drill testing. Identification of
these base-metal-in-soil anomalies is an effective and efficient vectoring tool for identifying prospe ctive
VMS (volcanogenic massive sulphide) and epithermal styles of mineralization in the Tireo Gold Camp, as
almost all significant mineralized zones within the Camp have an obvious soil anomaly signature.”
XRF soil samples were collected at a density of 25 metres by 50 metres, with over 17,000 individual so il
samples collected and over 14,000 samples analyzed with a portable XRF device. Portable XRF instruments
collect quality base metal and various pathfinder e lement data but provide limited precious metal resu lts.
All soil samples from this phase of exploration hav e been placed in secure storage for future work, wh ich
may include laboratory analyses, geological review or clay/alteration studies. Prior laboratory soil s amples
collected by Precipitate and GoldQuest Mining Corp. were collected on a wide range of densities (up to a
detailed 25m x 50m) and were submitted to Bureau Ve ritas (“BV”) for multi-element ICP-MS analysis.
Comprehensive data evaluation is ongoing and individual zone-specific detailed compilation interpretations
and illustrations are anticipated in the near future.
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.
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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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.