Precipitate Gold Corp. provided 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 Ridge include analytical results from the initial five completed holes (GR16-07 to GR16-11) from this phase, totaling of 1,310 metres. Laboratory analytical results have been received for core samples collected in all holes, excluding the final 60 metres of Hole 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 the Company's 2014 discovery hole, testing mineralization and alteration continuity and select discrete induced polarization chargeability-high geophysical anomalies. All drill holes intersected andesitic volcanic rocks (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 strongly disseminated to semi-massive very fine grain pyrite-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 which separates the Tireo volcanic rocks from younger limestone lithologies. Importantly, the andesitic volcanic rocks are variably altered and mineralized to the thrust contact. The company is now compiling and reviewing all available 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-central portion of the Ginger Ridge Zone. The increased depth extent of the IP anomaly was not known to the Company prior to the commencement of the current program and therefore represents a new expanded target for continued drilling.