Precipitate Strengthens New Target at Ginger Ridge East Soil Anomaly with Heightened Gold-Zinc-Lead Correlation
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Precipitate Strengthens New Target at Ginger Ridge East Soil Anomaly
with Heightened Gold-Zinc-Lead Correlation
Vancouver, B.C. – May 2, 2017 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to announce additional soil sampling result s increasing the concentration of elevated samples
within the recently identified gold-in-soil geochem ical anomaly at the Ginger Ridge East zone, within the
Company’s 100% owned Juan de Herrera Project in the Dominican Republic.
Laboratory results from additional samples collected to increase sample density over the full extent o f the
Company’s Ginger Ridge East soil anomaly have refin ed the scale and strengthened the quality of the
anomaly. Following a comprehensive and concentrated recent soil sampling effort (density of 25m by
25m), the most robust portion of the soil anomaly m easures 1,000 metres (“m”) long by an estimated
average width of 100 metres (up to 200m wide locall y). The northwest-southeast trending soil anomaly i s
both consistent and strong, with notably elevated g old, lead and zinc values throughout the surface
anomaly; along with intermittent copper values.
This recently identified multi-element soil anomaly is located approximately one kilometre east of the main
drill test area at Ginger Ridge and has developed i nto a high priority drill target for the next phase of
drilling. See the accompanying map or the Company’s website for the Ginger Ridge East soil gold + zinc +
lead + copper anomaly illustration map.
Current highlight results on the priority “East anomaly” within the Ginger Ridge Zone are as follows:
• A pronounced multi-element soil anomaly measuring 1 ,000m by 100m (up to 200m locally) with
gold values up to 842 ppb, zinc up to 2,461 ppm, and lead up to 305 ppm;
• The soil anomaly is coincident with important geoph ysical anomalies frequently associated with
gold mineralization in the Tireo Gold Camp region; including a strong magnetic low signature and
combined induced polarization (“IP”) gradient signa tures of resistivity high and moderate
chargeability;
• The zone includes a large barite subcrop exposure h osted in Tireo volcanics. Barite is commonly
associated with many notable Tireo Gold Camp minera l systems, particularly with volcanogenic
massive sulphide (“VMS”) systems.
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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• Early stage geological mapping shows the soil anoma ly to be underlain by northwest trending
intermediate volcanic rocks with an estimated dip o f -45 degrees northeast, which are overlain by
andesite-basalt volcanics to the east.
Jeffrey Wilson, Precipitate’s President & CEO stated, “Results of the recent and ongoing work at the Ginger
Ridge East soil anomaly have elevated the zone to a priority target for the upcoming drill program. Th e
zone’s coincidental geochemical and geophysical sig natures are in-line with the type of target our
exploration efforts seek to delineate. These additi onal soil sample results confirm the East anomaly a s the
most significant surface soil geochemical anomaly identified to date at the Project, even stronger tha n the
original Ginger Ridge zone, based on the anomaly’s length and consistently high sample values and
geophysical signatures. The area is currently under going additional detailed sampling, hand trenching,
geological mapping and drill access construction, to complete target delineation in advance of drilling."
Soil samples were collected on 25m by 25m grid inte rvals along northeast oriented grid lines. The mult i-
element soil anomaly is characterized by a correlat ion of gold with various pathfinder elements which
include arsenic, antimony, silver, lead, and zinc. The gold-zinc-lead-copper in-soil anomalies are defined by
values exceeding the 70 th percentile (5.1 ppb in the case of gold). To date, gold-in-soil values within the
new anomaly area range from nil to 870 ppb. Early geological mapping at the anomalous zone indicates the
zone is underlain by intermediate volcanic rocks wi th a northwest strike and an estimated dip of -45
degrees northeast which are overlain by andesite-basalt volcanics to the east.
The new soil anomaly is on general trend with the recent “Cachimbo” discovery by neighbouring GoldQuest
Mining Corp. The Ginger Ridge zone is part of a se ries of hydrothermal centers that stretch some seve n
kilometres through to Precipitate’s “Southeast” and “Jengibre South” targets, among others along trend .
Precipitate crews are working on targets in the southern portion of PRG’s Juan de Herrera project and work
from these areas will be reported separately as results are received and interpreted.
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.
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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.
May 2017
Ginger Ridge - East Soil Anomaly
Juan de Herrera Project
Copper Soil Geochemistry (ppm)
113.7 to 271.4 (>95th percentile)
93.9 to 113.7 (90-95th %tile)
78.8 to 93.9 (80-90th %tile)
68 to 78.8 (70-80th %tile)
< 68 (< 70th %tile)
JDH Property Border
Copper
Lead Soil Geochemistry (ppm)
41.3 to 305 (>95th percentile)
18.6 to 41.3 (90-95th %tile)
11.2 to 18.6 (80-90th %tile)
8.3 to 11.2 (70-80th %tile)
< 8.3 (< 70th %tile)
JDH Property Border
metres
0 500
Lead
Zinc Soil Geochemistry (ppm)
134.1 to 2,461 (>95th percentile)
103 to 134.1 (90-95th %tile)
79.4 to 103 (80-90th %tile)
69 to 79.4 (70-80th %tile)
< 69 (< 70th %tile)
JDH Property Border
Zinc
Gold
Gold Soil Geochemistry (ppb)
53.6 to 870 (>95th percentile)
21.3 to 53.6 (90-95th %tile)
8.4 to 21.3 (80-90th %tile)
5.1 to 8.4 (70-80th %tile)
< 5.1 (< 70th %tile)
JDH Property Border
metres
0 500
57
221 70
108
137
117
100
338
648
57
730
145
77
248
164
175
842232
181
188
54
73
57
94
100 120
220
153
176
185
62
57 68
93
162
175
100
68
265
220 870
111
132
87
78
102
123
378
125
235
101
1
2 3, 4
9
5, 6
7
8 10
11
-2800
-2600
-3000
-2000
-1600
-2400
-2200
-1800
-1400
-1100
-1000
-900
000
-2800
-2600
-2400
-2200
-1300
-1600
1800
-500
-700
-600
-800
-700
-1200
-1400
-1300
-1100
-500
-500
-200
-300
-400
-1000
-800
-900
-500
-300
-400
-600
0 500 1000
metres
barite
subcrop
limestone reverse fault (inferred)
Tireo
Volcanics
-600
2014, 2016 Drill hole Location
East Soil Anomaly
JDH Project border
GoldQuest Mining
Tireo Property
Gold-in-Soil Anomaly
(Au soil >70th percentile, 5.1 ppb)
GQC Cachimbo Zone ~ 2-3 km
DDH
TIR16-09
4.5m @ 13.8 g/t
Au, 1
1.8% Zn, 1.1% Cu
May 2017
Ginger Ridge
Gold in Soil Anomalies
Juan de Herrera Project
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