Precipitate Gold Corp. announced the commencement 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 drill campaign calls for a minimum of 2,000 metres of diamond drilling from up to 22 permitted drill platforms within the Project's prospective Motherlode Zone.

Multiple holes can be drilled from each platform, allowing for a significant number of possible holes and flexibility to adjust drill targeting as the program progresses. The program is designed to test multiple induced polarization ("IP") geophysical chargeability high anomalies located within the Motherlode Structural Corridor, with planned hole depths ranging from 70 to 300 metres. See the accompanying geophysical IP chargeability plan map and 3D Chargeability map for additional information.

The primary focus of the drilling program will be testing 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 kilometre long northeast trending Motherlode Structure Corridor hosts structurally related orogenic 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 and arsenopyrite sulphide concentrations. 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.