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Precipitate Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  625 Howe Street, Suite 1020
Vancouver, B.C.
Canada V6C 2T6
Tel No.: 604-558-0335
Toll Free No.: 1-855-558-0335
Web Site: www.precipitategold.com
E-mail: investor@precipitategold.com
Contact Person: Jeffrey Wilson
Position: President & CEO


Company Data

Traded Market: TSX-V
Traded Symbol: PRG
Outstanding Shares: 75.6 million
52 Week High: $ 0.24
52 Week Low: $ 0.10
Present Price: Click Here


Introduction

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Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in the Tireo Gold Trend of the Dominican Republic. Over 5.0 million gold equivalent ounces have been identified in the Tireo Gold Trend in recent years while vast areas of prospective ground have remained untested.

The Company also maintains assets in British Columbia and southeast Yukon Territory and is actively evaluating additional high-impact property acquisitions with the potential to expand the Company's portfolio and increase shareholder value.


FLAGSHIP PROJECT

Juan de Herrera Gold Project in the Dominican Republic

The Company is focused on advancing several emerging targets within its 100%-owned flagship Juan de Herrera Project. The Juan de Herrera project is variably road accessible and is well located within the Tireo Gold Trend in western Dominican Republic. The Tireo Gold Trend is a highly prospective and emerging exploration camp with intermediate sulphidation epithermal and VMS styles of mineralization. The Juan de Herrera project concessions cover an estimated 40 kilometres of prospective strike length of target Tireo lithologies.

Current Focus and Goals

  • Additional diamond drill testing and geological interpretation of the Ginger Ridge East Zone VMS mineralization target, with a goal of identifying similar VMS style mineralization as recently discovered at GoldQuest's nearby "Cachimbo Zone".
  • Southeast, South Jengibre, Peak and Melchor Zones: collection of detailed soil samples (25 metres by 50 metres density) and additional exploration target refinement for drill testing of the numerous high level multi-layered geophysical, geochemical and geological anomalies. The Southeast and South Jengibre zones are the near term focus. Especially the recently identified copper enriched Southeast Zone Trench 7 area (3.0 metres of 2.78% copper within 8.0 metres of 1.28% copper).

Ginger Ridge Main and East Zones Exploration Summary

Precipitate's primary exploration focus is to identify intermediate sulphidation epithermal and VMS styles of mineralization. Since announcing its initial Dominican Republic property acquisitions in August 2012, the Company has completed multiple phases of regional and local scale exploration work.

To date detailed exploration programs have focused on the "Ginger Ridge Main Zone", as well as the recently identified "Ginger Ridge East Zone". The Ginger Ridge South zone has seen limited exploration including surface sampling and trenching and single drill hole GR17-15.

Detailed exploration at Ginger Ridge Main Zone includes geological mapping, rock-soil sampling, hand trenching, multiple phases of induced polarization and ground magnetic geophysical surveying and 15 diamond drill holes totalling 3,270 metres (3 phases).

Early drilling (2014) at the Ginger Ridge Main Zone discovered a new zone of gold-enriched massive sulphide mineralization; ‘discovery hole' GR14-05 cut 98.1 metres of strongly disseminated, semi to massive sulphides (dominantly pyrite), containing an 18.0 metre wide interval of 4.54 g/t gold (including 5.0 metres at 13.37 g/t gold).

Holes reported from Phase 2 drilling (holes 7 to 11) were not as robust as the mineralization identified in the discovery hole. Subsequently completed holes GR17-12 to 15 reported results for the Main and South parts of the Ginger Ridge area. Highlight results include the discovery of mineralization in a previously untested anomaly to the south of the Main zone yielding a 1.1 m interval of 2.59 g/t gold, (including 0.11% copper, 0.6% lead and 0.65% zinc) (GR17-15) and a Main Zone drill intercept of 14.73 m of 1.16 g/t gold, including 2.67 m of 2.23 g/t gold (GR17-13).

Additional Target Zones

  • 5 new geochemical and geophysical anomalies identified, namely "Southeast", "Jengibre South", "Melchor", "Peak", and "JT"
  • Significant base metal values showing VMS Characteristics
  • Ongoing ground work (sampling and trenching) underway
  • Drill-worthy targets could be drilled in 2017/18

Summary

  • Ginger Ridge East Zone to see follow-up drill testing (on trend with GoldQuest's Cachimbo Discovery – VMS)
  • Copper-rich Southeast Zone undergoing additional geochemical surveying in advance of drill targeting – results pending
  • Additional zones throughout project to see ongoing exploration in attempt to delineate future drill targets
  • Well financed to complete current programs and additional exploration throughout project

Company Highlights

  • Exploration and Discovery in the Dominican Republic
    • Discovery Hole: 5.0 metres at 13.4 g/t Au within 18.0 metres at 4.5g/t Au
  • Immediately Adjacent to 2.45M oz AuEq Deposit (GoldQuest Mining)
  • Well Financed with $2.0 Million in treasury
  • 2017 Drilling Conducted at Ginger Ridge and Ginger Ridge East
  • New Copper-rich Target Identified at Southeast Zone
    • Grabs of 13.5% Cu & 8.5% Cu and Channel Samples of 3 metres of 2.78% Cu within 18 metres of 0.7% Cu
  • Multiple New Drill Targets Emerging for Future of Drilling
  • Mid-tier Producer Interest in Belt Speaks to District-scale Potential


Management

Management and Directors

Adrian Fleming, Chairman, Director

Responsible for discovery of Underworld Resources' White Gold deposit. Underworld bought by Kinross for $139.0M in 2010. Current director of multiple resource-focused public companies.

Jeffrey Wilson, President and CEO, Director

Over 20 years experience. Background in IR and finance. Past Director Welcome Opportunities (purchased by Endeavour Mining 2002) and involved in the formation of Silver Quest Res. (bought by New Gold in 2012 for a value of $130.0M). Former VP at Geologix Explorations.

Quinton Hennigh, Ph.D, Director

Economic Geologist and CEO of Novo Resources. Previous President of Evolving Gold Corp.

Alistair Waddell, Director

Former President and CEO of GoldQuest Mining Corp. Former VP, Greenfields Exploration for Kinross Gold Corp.

Gary Freeman, Director

Former President and CEO of Pediment Gold Corp. until its $137.0M merger with Argonaut Gold Inc. in 2011. Currently President and CEO of Ethos Gold Corp.

Darryl Cardey, CA, Director

Co-founder and former director of Underworld Resources. Current Director of multiple resource-focused public companies.

Michael Moore, P.Geo., Vice President of Exploration

Over 25 years experience including work on various gold systems in North America, Cuba, Ghana, Greenland and archean nickel-PGM deposits in Nunavut, and manto-CRD type systems in Mexico.


News Update

On November 28, 2017, Precipitate Gold Corp. announced that it has increased the size of its Island Zinc project located in north Vancouver Island, British Columbia, by staking an additional 675 hectares of prospective ground west of the original claim block. The new claim block covers an on-strike extension of the same favourable target limestone rocks found at the property's Main zone and includes three historical zinc-lead-silver mineral showings.

The Island Zinc property now includes two non-contiguous claims covering a combined total of 1,023 hectares.

On October 24, 2017, Precipitate Gold Corp. announced that it has completed an extensive and detailed soil sampling program throughout the southern portion of the Company's 100-per-cent-owned Juan de Herrera project in the Dominican Republic. Field crews have collected approximately 8,500 new soil samples and are now analyzing the samples with a portable XRF (X-ray fluorescence) analyzer.


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