Precipitate Renews Exploration & Drill Targeting at Juan de Herrera Project, Tireo Gold Camp in West Dominican Republic
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Precipitate Renews Exploration & Drill Targeting at Juan de Herrera
Project, Tireo Gold Camp in West Dominican Republic
Vancouver, B.C. – September 14, 2020 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV:
PRG, OTCQB: PREIF) is pleased to announce that the Company is renewing exploration work on its
volcanogenic massive sulphide (VMS) gold and copper Juan de Herrera (“JDH”) project, located within th e
Tireo Gold Camp of western Dominican Republic. The Tireo Gold Camp is a highly prospective geological
terrain that hosts GoldQuest Mining’s Romero projec t, Unigold’s Neita/Candelones project, and
Newmont’s La Miel project (Haiti).
The first phase of activity at Juan de Herrera will include submittal for full laboratory analysis of over 5,000
previously untested soil samples collected from mul tiple zones within the project. These prioritized
samples have been selected from over 17,000 individual soil samples collected by the Company in 2017 on
25 metre by 50 metre spacings within multiple known areas of interest. Over 14,000 of these soil sampl es
were previously analyzed with a hand-held X-ray fluorescence (“XRF”) scanner which assisted in delineating
numerous zones of important base metal and pathfinder elements but were not tested for gold and silver .
Full analyses and evaluation of these newly tested samples in conjunction with existing geological and
geophysical data is expected to assist in delineati ng and prioritizing targets for a future drilling a t Juan de
Herrera.
Based on results from the Company’s work conducted between 2012 and 2018, the Juan de Herrera project
hosts an extensive collection of both advanced-stag e high-priority zones and early-stage surface rock/ soil
geochemical anomalies, as shown on the accompanying Juan de Herrera target map and highlighted below.
See also the Company’s website for these and additional JDH Project related figures.
JUAN DE HERRERA PROJECT HIGHLIGHTS:
Ginger Ridge Zone: Highlight DDH GR14-05: 13.4 grams per tonne (“g/t”) gold over 5.0 metres (“m”);
within 4.5 g/t gold over 18.0 metres.
Ginger Ridge East Zone: Trench, 18m @ 2.2 g/t Au , including 8.0m @ 3.52 g/t Au . Not drill tested.
Highlight DDH EA17-03: 10.5m @ 0.83 g/t Au. EA17-06: 1.5m of 3.18% Zn & 0.4% Cu.
Southeast Zone: Rock sample highlight up to 13.5% Cu, 0.5 g/t Au and 52.1 g/t Ag*. Trench sampling
18.0m @ 0.7% Cu, including 3.0m @ 2.78% Cu .
South Jengibre Zone: Rock sample highlight up to 5.2 g/t Au*. Surface gold + pathfinder elements + IP
geophysical anomalies over an estimated 300m x 600m area.
Peak & Melchor Zones: Rock sample highlight up to 7.7 g/t Au*. Surface gold + pathfinder elements + IP
geophysical anomalies, with a trend exceeding 3,900m.
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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JT Zone: Rock sample highlight 3.7 g/t Au*. Surface gold + pathfinder elements + IP geophysical anomalies
over an estimated 200m x 350m area.
Geochemical Anomalies, Ginger Ridge North, Guamita, Cruz del Negro, Cienega and Aguacate: Surface
rock and combined XRF and laboratory soil samples, with various results up to 0.25 g/t gold, 1.0 % cop per
and 845 ppm Zn; XRF soil anomalies exceeding 1,000m x 650m, from five established early stage target
areas.
Jeffrey Wilson, Precipitate’s President & CEO stated, “We are pleased to resume our exploration effort s at
our Juan de Herrera project as the current precious metals environment combined with recent political
developments in the Dominican Republic have compell ed management to revisit the potential of this
advanced exploration play as an augment to our rapi dly progressing Ponton project in the central part of
the country. Juan de Herrera hosts multiple advance d stage exploration targets that have been delineat ed
by our extensive and detailed geochemical sampling (soil, rock, trenching), geophysical surveying
(magnetics and Induced Polarization (“IP”)), detailed geological mapping, and selective drill testing. Though
drilling to date has been limited to the Ginger Rid ge and Ginger Ridge East zones, Precipitate current ly
holds drilling permits to drill several existing and emerging zones throughout the project. We anticipate the
data resulting from the pending soil sample analysi s will supplement our existing data to yield compel ling
multi-layered anomalies, such that a substantial dr ill program, targeting multiple zones, could be
contemplated in the months ahead; particularly at o ur near term drill targets at Ginger Ridge East and the
Southeast Zones. The potential to activate our newly acquired and jointly-owned drilling equipment at two
projects in the months ahead in the current market environment is an exciting prospect for the Company
and its shareholders.”
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This news release has been reviewed by Michael Moor e, Vice President, Exploration of Precipitate Gold
Corporation, the Qualified Person for the technical information in this news release under NI 43-101
standards.
*Note: Rock grab samples are selective by nature and are unlikely to represent average grades on the pr operty. DDH
= Diamond Drill Hole. ppm = parts per million. Au = gold. Ag = silver. Cu = copper.
Core, Rock and Soil samples were bagged, sealed and delivered directly to Bureau Veritas (“BV”) preparation facility 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 Canada (an ISO 9001 accredited facility) for analy ses. Samples
were crushed (or sieved) with up to 80% passing 2mm and split using a riffle splitter (code PRP70-250) . An
approximate 250 gram sub-sample split was pulverize d to minus 200 mesh (74μ). A 15 gram sub-split from the
resulting pulp was then subjected to aqua regia dig estion and multi-element ICP-MS analysis (code AQ20 1). Rock
sample results with gold greater than 10,000 ppb we re subjected to fire assay (gravimetric finish) ana lysis (30 g pulp;
code FA530-Au, Ag).
About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration com pany focused on exploring and advancing its mineral property
interests in the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic. The Company i s actively
exploring its 100% owned Ponton and Juan de Herrera projects. The Company’s Pueblo Grande Project is subject to an
Earn-In Agreement with Barrick Gold Corporation, wh ereby Barrick can earn a 70% interest by incurring US$10M
within six years and producing a qualifying Pre-fea sibility Study. Precipitate is also actively evalua ting additional high-
impact property acquisitions with the potential to expand the Company's portfolio and increase shareho lder value, in
the Dominican Republic and other favourable jurisdictions.
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 inf ormation 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 sim ilar to those of surrounding properties; delay or f ailure to receive governmental or regulatory
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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.