Precipitate’s Initial Drilling Intersects Mineralization in New Area South of Ginger Ridge at Juan de Herrera Project
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Precipitate’s Initial Drilling Intersects Mineralization in New Area South
of Ginger Ridge at Juan de Herrera Project
Vancouver, B.C. – August 1, 2017 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to provide diamond drilling results for the ongoing Ginger Ridge drill program at its 100% own ed
Juan de Herrera project in the Dominican Republic.
Initial results from the current Ginger Ridge drill phase include analytical data from the first four holes
drilled in the Main and South parts of the zone, to talling of 768 metres (holes GR17-12 to 15). Highli ght
results include the discovery of mineralization in a previously untested anomaly to the south of the M ain
zone yielding a 1.1 metre (‘m’) interval of 2.59 gr ams per tonne (‘g/t’) gold, (including 0.11% copper , 0.6%
lead and 0.65% zinc) (GR17-15) and a Main Zone drill intercept of 14.73m of 1.16 g/t gold, including 2. 67m
of 2.23 g/t gold (GR17-13). Laboratory results are pending for eight holes, totalling 812 metres drilled at the
Ginger Ridge East Anomaly (holes EA17-01 to 08).
The laboratory analytical results for samples colle cted in holes 12 to 15 are summarized below. See th e
accompanying drill-hole location map and the Company’s website ( www.precipitategold.com ) for
additional compilation illustrations.
Ginger Ridge Drill Summary Intervals holes GR17-12 to 15:
Note: Interval reflects measured core length, as true widths are currently unknown.
Jeffrey Wilson, Precipitate’s President & CEO state d, “We are encouraged by these results which includ e
the identification of mineralization in the previou sly untested southern portion of the Main Ginger Ri dge
zone. Though the primary objective of the current r ound of drilling was to test the new Ginger Ridge E AST
anomaly (approximately 1.0km east of these first ho les), results from holes 12 – 15 continue to eviden ce
Hole From (m) To (m) Interval (m) Au g/t
GR17 -12 no anomalous results
GR17 -13 88.93 103.63 14.73 1.16
including 92.89 95.56 2.67 2.22
and 131.06 144.03 12.97 1.05
including 134.11 140.21 6.10 1.81
GR17 -14 no anomalous results
GR17 -15 117.42 129.33 11.91 0.81
including 118.47 124.85 6.38 1.33
also 118.47 119.57 1.10 2.59
123.94 124.85 0.91 2.81
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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the prolific nature of the broader Ginger Ridge are a. This latest discovery warrants follow up detaile d
ground work and possible additional drilling, and v alidates the ongoing expansion potential of this ar ea, as
evidenced by the recent identification of Ginger Ri dge East. Having encountered gold and elevated base
metal values in core at Hole 15, we plan to mobiliz e ground crews back to the new southern area to
complete follow up work in and around the hole as p art of our ongoing effort to delineate additional d rill
worthy targets within this, and other emerging areas of the project. In the meantime, we anticipate results
shortly from eight holes drilled in the latter stages of this program at the Ginger Ridge East anomaly.”
Holes GR17-12 to 15 were collared at various locati ons within the primary Ginger Ridge Zone, extending
over a north-south distance of two kilometres. Dril l holes tested surface and sub-surface gold
mineralization and select induced polarization (‘IP ’) chargeability and resistivity high geophysical
anomalies. Hole 15, drilled 1.3 kilometres southeas t of the 2014 discovery Hole 5, encountered
mineralization related to the presence of quartz, p yrite, sphalerite (zinc), chalcopyrite (copper) nar row
vein-fracture infills, rather than the semi to mass ive pyrite mineralization identified to the north. This
southern Ginger Ridge area has a distinct gold-in-s oil anomaly measuring approximately 400 metres in
length coincident with an IP chargeability high ano maly. Follow up geological mapping and surface
geochemical sampling will be completed in this area to delineate additional drill target.
Hole 13 was drilled in a southeast direction at an inclination of -56 degrees, bisecting the Ginger Ri dge
zone’s highlight gold mineralization in hole GR14-05. Drill hole 13 gold results for this region are 1 4.73m of
1.16 g/t gold, including 2.67m of 2.22 g/t gold and a separate intercept of 12.97m of 1.05 g/t gold.
Highlight results from hole GR17-15 include a 1.1m interval of 2.59 g/t Au, which also includes 0.11%
copper, 0.6% lead and 0.65% zinc. The base metal cr edits result from the presence of quartz-pyrite-
sphalerite and trace chalcopyrite enriched narrow f racture-veinlets hosted in siliceous dacite crystal tuff
volcanics.
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.
Core samples were collected under the supervision o f Michael Moore, P.Geo. HQ and NTW diameter diamond core
was descriptively logged on site, aligned, marked f or sampling and then cut in half, longitudinally, u sing a rock saw.
One-half of the core is preserved on site in core b oxes for verification and future reference. Rock sa mples 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) for select gold sample results greater than 0.5 ppm; Al l coarse rejects
and pulps are currently stored at BV. Certified sta ndards and local limestone blanks were inserted int o sample
shipments as a quality control measure in addition to the internal quality control measures applied by the laboratory.
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
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in British Columbia and southeast Yukon Territory a nd 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.
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.