Precipitate Completes Pueblo Grande Project Data Review and Follow Up IP Survey that Identifies Untested & Drill Ready Chargeability Anomalies
Precipitate Completes Pueblo Grande Project
Data Review and Follow Up IP Survey that
Identifies Untested & Drill Ready Chargeability
Anomalies
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) -
Precipitate Gold Corp.
(TSXV:
PRG) (OTCQB: PREIF) (the "
Company
" or "
Precipitate
") is pleased to announce that it has completed
an extensive technical review and evaluation of exploration data primarily generated by Barrick Mining
Corporation ("Barrick") between 2020 and 2025, as part the now annulled earn-in agreement (the "Earn-
In") related to Precipitate's 100%-owned Pueblo Grande Project (the "Project"), located immediately
adjacent to the Pueblo Viejo gold-silver mine operated by Barrick in the Dominican Republic. As a follow
up to the data review, the Company conducted and completed an Induced Polarization ("IP")
geophysical survey that revealed significant and previously untested high chargeability anomalies at the
Pueblo Grande Norte zone, located immediately west of the Pueblo Viejo mining operation. See
accompanying
Figure 1
and
Figure 2
below.
Highlights:
Precipitate's technical team completed an extensive review of all data and past work conducted on
the project by various prior operators, including 5 years and US$7.2 million in exploration
expenditures by Barrick;
The data review identified possible untested IP chargeability features within the Project's
Pueblo
Grande Norte
zone (also known as Loma la Cuaba or Lithocap Zone);
As follow up to the data review, Precipitate conducted a focused 3-line deep-penetrating two-
dimensional ("2D") IP survey at the Pueblo Grande Norte zone, specifically designed to test and
confirm the presence, depth, and extent of the inferred chargeability features;
The results of Precipitate's new IP survey confirmed and refined the presence of a sizeable cluster
of
IP chargeability high anomalies collectively measuring about 800 metres north-south
by more than 450 metres east-west, loosely centred at depths that range from 100 to 330
metres from surface
. The chargeability anomaly remains open in both the east and west
directions. See
Figure 1
and
Figure 2
below;
Using 2D Quantitative Vertical IP Sections, the interpreted shape of the chargeability high
anomalies suggests an epithermal alteration system having a shallow south dipping alteration
blanket or 'lithocap' (> 25 mv/v chargeability threshold), with perhaps up to three semi-discrete
strong internal east-west tending sub-horizontal lobes (> 30 mv/v readings, up to 50 mv/v locally)
and possible underlying vertical 'feeder structures' (as delineated by both moderate to strong
chargeability and resistivity readings);
Importantly,
no historical or recent drill holes have tested the newly identified priority
chargeability high anomalies
; and
The new IP priority area is underlain by favourable Los Ranchos formation volcanic host rocks,
exhibiting strong local silica + advanced argillic alteration and weak to modest strength
geochemical rock and soil sample pathfinder data.
CEO Commentary
Jeffrey Wilson, President and CEO of Precipitate Gold, commented: "We're very excited with the
outcome of our extensive data review and follow up IP geophysical survey at Pueblo Grande. Credit to
our technical team for conducting such an exhaustive and detailed review which led to the recognition of
a previously unidentified opportunity that has now been confirmed by our follow up geophysical survey.
The delineation of a number of compelling and untested new high chargeability geophysical anomalies
located in close proximity to the world-class Pueblo Viejo gold mine offers the Company and its
shareholders an exciting new drill target. Given the target area's relative ease of access and existing drill
permits, we are keen to rapidly advance this target to a drill stage. Though the existing and emerging
targets at our flagship Juan de Herrera project remain a top priority for the Company, the emergence of
these previously unknown and untested anomalies at Pueblo Grande provides an exciting new addition
to Company's near-term drill plans."
Figure 1: Pueblo Grande Norte 2026 IP Survey Chargeability (plan map and vertical sections looking
west)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1718/281178_d8f1ee0fe4dd7b7f_003full.jpg
Figure 2: Pueblo Grande Norte 2026, 2D Quantitative Vertical IP Chargeability Sections (rotating virtual
gif)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1718/281178_d8f1ee0fe4dd7b7f_004full.jpg
Summary of Notable Data Review Findings & Follow-Up Precipitate IP Geophysical Survey
Precipitate's comprehensive Pueblo Grande Project data review incorporated US$7.2 million in
exploration work conducted by Barrick during the Earn-In period, as well as preceding historical work
conducted by Precipitate and other prior operators. At the Project's principal target area, the
Pueblo
Grande Norte zone
(also known as Loma la Cuaba or the Lithocap zone), Barrick completed, among
other exploration, 3D induced polarization geophysical surveying, which was then followed up with nine
exploration drill holes designed to test various geological and geophysical characteristics. Precipitate's
technical team, in collaboration with Matrix GeoTechnologies Ltd. ("Matrix"), an integrated geoscience
solution provider, completed a detailed review of this and other historical airborne geophysical datasets
and, through extensive review, identified an overlooked chargeability feature not considered by earlier
explorers. To validate and refine this interpreted geophysical chargeability feature Precipitate and Matrix
completed a follow-up deep-penetrating and high-resolution IP survey utilizing combined 2D pole-dipole
and gradient arrays over the prospective area at Pueblo Grande Norte. The survey consisted of three
north-south, two-kilometer-long IP lines spaced at about 220 metre intervals. Using Matrix's proprietary
Quantitative Section methodologies, which generates discrete two dimensional ("2D") Quantitative
Vertical IP Sections, the new IP survey successfully confirmed the presence, depth, and extent of the
inferred chargeability feature, and ultimately refined new chargeability high targets for potential future drill
testing.
The interpreted shape of the clustered chargeability high anomalies measures about 800 metres
north-south by more than 450 metres east-west and is loosely centred at depths ranging from 100 to 330
metres vertically from surface. The chargeability anomaly remains open in both the east and west
directions. The chargeability anomalies likely reflects an epithermal alteration system having a shallow
south dipping 'alteration blanket' or 'lithocap' (> 25 mv/v threshold), with perhaps up to three semi-
discrete strong internal east-west tending sub horizontal lobes (> 30 mv/v readings, up to 50 mv/v locally)
and possible underlying vertical 'feeder structures', as delineated by both moderate to strong
chargeability and resistivity readings.
These newly delineated geophysical features are overlain at
surface by favourable rock types often displaying alteration styles commonly associated with high-
sulphidation epithermal style gold mineralization, including strong silica with advance argillic alteration.
Importantly, no historical or recent drill holes have tested any of the newly identified priority chargeability
high anomalies, with only two holes passing through the vertical projection of geophysical survey line 2.
Past drill holes APV11-41 and PGN24-09 yielded nil gold values as they bisected Line 2 outside of the
newly identified priority high chargeability anomalies.
Matrix has successfully conducted numerous similar surveys for Precipitate throughout the Dominican
Republic, including recently reported geophysical results from the Company's Juan de Herrera project
where IP geophysical surveying at multiple zones throughout the project assisted in delineating
numerous potential drill targets.
The induced polarization/resistivity survey was carried out by Matrix Geotechnologies Ltd of Toronto
Ontario, using a 10 kW generator Time Domain IP system using the Elrec Pro 10 channel receiver
with a receiver dipole spacing of 25 metres, (pole-dipole array), which provides quality subsurface
resolution for 2D Quantitative Sections, two separate vertically separated gradient arrays and 3D
voxel modelling for exploration drill targeting. The figures accompanying this release shows a plan
view of interpreted gradient and 2D pole-dipole IP vertical section chargeability.
For reference: g/t = grams per tonne, Au = gold, m = metres, millivolts per volt = mv/v, IP = induced
polarization
The scientific and technical information contained in this news release has been reviewed and approved
by Michael Moore, P. Geo., Vice President, Exploration of Precipitate Gold Corporation, a Qualified
Person ("QP") as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Mr. Moore is not independent of the Company within the meaning of NI 43-101. The QP has verified the
data disclosed in this news release, including sampling, analytical and test data underlying the
information.
About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral
property interests in the Dominican Republic, including its 100% owned Juan de Herrera project located
immediately adjacent to GoldQuest Mining's Romero Project, its 100% owned Pueblo Grande project
located immediately adjacent to the Pueblo Viejo mine operated by Barrick Mining, and its 100% owned
Ponton project located 30km east of the Pueblo Viejo mine. Precipitate is also actively evaluating
additional high-impact property acquisitions with the potential to expand the Company's portfolio and
increase shareholder value, in other favourable jurisdictions.
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
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
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words 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 achieved.
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-looking information is subject to known and unknown risks,
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 all; general
business, economic, competitive, political 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 environmental
legislation affecting mining; timing and availability of external financing on acceptable terms;
conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals.
Although Precipitate has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking information, there may be other factors that cause
results not to be as anticipated, 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.
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