Precipitate Reports Initial Results from Juan de Herrera Project Drill Program, Dominican Republic
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Precipitate Reports Initial Results from Juan de Herrera Project Drill
Program, Dominican Republic
Vancouver, B.C. – January 19, 2017 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to provide results of initial diamond drill holes from the ongoing Ginger Ridge drill program at its
100% owned Juan de Herrera project in the Dominican Republic.
Results from the Phase 2 drill program at Ginger Ri dge include analytical results from the initial fiv e
completed holes (GR16-07 to GR16-11) from this phas e, totalling of 1,310 metres. Laboratory analytical
results have been received for core samples collect ed in all holes, excluding the final 60 metres of H ole 11
which was paused for the holiday season break. Drilling of Hole 11 was recently completed and samples for
the final meterage of that hole will be submitted shortly for laboratory analysis.
Holes 7 to 11 were collared up to 150 metres from t he Company’s 2014 discovery hole (“Hole 5”), testin g
mineralization and alteration continuity and select discrete induced polarization (‘IP’) chargeability -high
geophysical anomalies. The laboratory analytical re sults for samples collected in holes 7 to 11 (parti al) are
summarized below. See the accompanying drill-hole location map and the Company’s website
(www.precipitategold.com) for additional compilation illustrations.
Table 1: Ginger Ridge Drill Summary Intervals
Hole From (m) To (m) Interval (m) Au g/t Cu % Zn %
GR16 -07 48.77 56.39 7.62 0.10
GR16 -08 39.62 45.79 6.17 nil nil 0.04
GR16 -09 0.00 28.96 28.96 nil nil 0.03
211.84 225.32 13.48 nil nil 0.19
GR16 -10 21.34 32.00 10.66 0.32
76.20 79.25 3.05 0.52 0.16
144.78 149.35 4.57 0.32 0.03
252.38 260.60 8.22 0.10
286.51 309.37 22.86 0.23 0.09
including 294.13 300.23 6.10 0.39 0.27
GR16 -11 7.62 35.05 27.43 0.49 0.01
including 28.96 33.53 4.75 1.39 0.01
39.62 53.34 13.72 nil nil 0.07
143.05 149.35 6.30 0.41 0.03 0.02
163.07 170.69 7.62 0.33 nil 0.03
196.60 202.37 5.77 0.17 0.01 0.59
Note: Interval reflects measured core length, as true widths are currently unknown.
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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All drill holes intersected andesitic volcanic rock s (mixed crystal, lapilli, lithic tuffs, fragmental and debris
flows) which exhibit zones of weak to very strong chlorite-pyrite-silica (± clay) alteration, with some lengthy
intervals (exceeding 15 metres in hole 10) of stron gly disseminated to semi-massive very fine grain py rite-
silica mineralization. Holes 10 and 11 were drilled to the southwest direction at a shallow dip angle and
successfully cut the main regional thrust fault whi ch separates the Tireo volcanic rocks from younger
limestone lithologies. Importantly, the andesitic v olcanic rocks are variably altered and mineralized to the
thrust contact.
Jeffrey Wilson, Precipitate’s President & CEO state d, “Ginger Ridge drilling continues to demonstrate that
local andesitic volcanic rocks host a large and strong mineralization/alteration system. While the laboratory
results for holes 7 to 11 are not as robust as the discovery hole, the strength and scope of observed
intervals of sulphide-silica alteration combined wi th anomalous gold-copper-zinc metal enrichment is
encouraging, as they appear to show characteristics commonly associated with a volcanogenic massive
sulphide (“VMS”) setting.”
The Company is now compiling and reviewing all avai lable data to guide the next tranche of drilling in this
program, which will likely test a newly identified IP geophysical anomaly at depth in the north-centra l
portion of the Ginger Ridge Zone. The increased dept h extent of the IP anomaly was not known to the
Company prior to the commencement of the current pr ogram and therefore represents a new expanded
target for continued drilling.
Mr. Wilson further states, “Ongoing drilling and s urface work will also be mindful of GoldQuest Minin g
Corp.’s very recently reported VMS mineralization d iscovery in its hole TIR16-09 (see GoldQuest’s news
release January 10, 2017; Cachimbo Zone), located ju st two kilometres northwest of Ginger Ridge. The
geochemical and geophysical signature of the Cachim bo Zone differs from most other known Tireo Gold
Camp exploration zones and, as a result has led Pre cipitate to review all existing Company data, with an
eye for identifying similar zinc-rich targets with a modest IP chargeability signature, as found at Ca chimbo.
GoldQuest’s new drill discovery validates the Tireo ’s potential to host significant new discoveries in
differing environments. We’re pleased to apply the intelligence gained from our latest 5 holes and
GoldQuest’s new VMS discovery hole as tools for vectoring ongoing surface work and drill testing.“
Table 2: Ginger Ridge Drill Collar Locations and Directional Data
Hole East North Elevation (m) Azimuth Dip Depth (m)
GR14 -05 267832 2095617 1185 0 -90 152.40
GR14 -06 267832 2095617 1185 045 -50 196.59
GR16 -07 267796 2095653 1172 0 -90 140.21
GR16 -08 267835 2095696 1163 0 -90 131.06
GR16 -09 267715 2095713 1164 225 -86 385.57
GR16 -10 267899 2095682 1190 225 -50 332.23
GR16 -11 267931 2095659 1177 225 -48 323.09
Collar Locations: Map Datum NAD83 Zone Q19N
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.
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Core samples were collected under the supervision o f Michael Moore, P.Geo. HQ, NTW and BTW diameter di amond
core was descriptively logged on site, aligned, mar ked for sampling and then cut in half, longitudinal ly, using a rock
saw. One-half of the core is preserved on site in c ore boxes for verification and future reference. Ro ck samples were
bagged, sealed and delivered directly to Bureau Veri tas (“BV”) preparation facility in Maimon Dominican Republic
where they were dried, crushed and pulped. Sample p ulps were then delivered to BV facilities in Vancouv er British
Columbia Canada for analyses (an ISO 9001 accredite d facility). Samples were crushed to with more than 70% passing
2mm mesh and split using a riffle splitter (code PR P70-250). An approximately 250 gram sub-sample spli t was
pulverized to minus 200 mesh (74μm). A 15 gram sub- split from the resulting pulp was then subjected to aqua regia
digestion and multi-element ICP-ES/MS analysis (cod e AQ201) and an additional 30 gram pulp spilt subje cted to fire
assay for gold (ICP-ES finish) (code FA330-Au); sam ples with results with gold greater than 8 ppm were subjected to a
second fire assay analysis and a gravimetric finish (30 g pulp; code FA530-Au). All coarse rejects and pulps are
currently stored at BV. Certified standards and loc al limestone blanks were inserted into sample shipm ents as a
quality control measure in addition to the internal quality control measures applied by the laboratory ; comprising
greater than 7% of the total sample volume.
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]
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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",
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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.