Precipitate Gold Corp. announce the completion of a diamond drilling program at the Company's Motherlode Gold Project ("Motherlode" or the "Project") within the Burin Peninsula of southern Newfoundland, Canada. The primary focus of the drilling program tested the recently delineated IP geophysical chargeability high anomalies located within the `Motherlode Structural Corridor'; where elevated chargeability readings reflect
elevated sulphide concentration related to probable gold mineralization. The estimated three (3) kilometre long northeast trending Motherlode Structure Corridor hosts structurally related gold style mineralization, where gold enriched quartz veins-stockworks are associated with an anastomosing series of quartz-sericite shears and faults with sub-vertical to steep northwest dips, containing low pyrite sulphide concentration.
The Motherlode Zone hosts the Project's most notable gold mineralization and related surface colour gossan
identified to date, with rock grab sample values up to 25.0 g/t gold and historical drill results including 3.5m at 1.4 g/t gold.