Precipitate’s Copey Hill Zone Returns Additional High-Grade Rock Samples up to 17.0 g/t Gold at Ponton Project, Dominican Republic
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Precipitate’s Copey Hill Zone Returns Additional High-Grade Rock
Samples up to 17.0 g/t Gold at Ponton Project, Dominican Republic
Vancouver, B.C. – August 25, 2020 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG,
OTCQB: PREIF) is pleased to announce results of fol low up infill surface soil and rock geochemical sam ples
collected from the Copey Hill epithermal gold targe t of the Company’s 100% owned Ponton Project in the
Dominican Republic.
After recently reporting a 53.0 grams per tonne (“g/t”) gold-in-rock sample* from the Copey Hill Zone (see
Company news release dated July 21, 2020 ), field crews returned to the vicinity to conduct additional
detailed infill sampling in the surrounding area wh ere the latest 73 rock samples returned multiple
additional high-grade gold and silver results*, inc luding individual highlight values up to 17.0 g/t gold and
37.0 g/t silver with a total of 30 rock samples ran ging from 0.5 g/t gold to 17.0 g/t gold. Additionally,
analytical results for the 171 soil samples collected have refined the contour of the soil anomaly and report
a high value of 0.7 g/t gold. See accompany map .
Copey Hill Gold Zone Highlights to Date:
• South Anomaly highlight rock sample* gold values of 53.0 g/t, 17.0 g/t, 7.6 g/t, 7.0 g/t , 4.6 g/t, 4.2
g/t, 4.1 g/t and 3.2 g/t gold and up to 43.0 g/t si lver. Additionally, a total of 30 rock samples yielded
values ranging from 0.5 g/t to 1.8 g/t gold ;
• South Anomaly hosts an apparent concentration of el evated gold and silver sample values
measuring an estimated 400m by 200m;
• Highlight gold-in-rock samples were collected from low sulphide content quartz vein, quartz breccia or
silicification alteration mineralization hosted in the favourable Los Ranchos formation volcanic rocks.
• Current gold-in-rock correlation statistics show a strong positive correlation to important pathfinder
elements silver, lead and mercury; and
• Two distinct gold-in-soil anomalies (North Anomaly and South Anomaly) delineated within the
Copey Hill Zone ; measuring 1,000m by 500m , and 900m by 200m (open to the southwest)
respectively;
*Note: Rock grab samples are selective by nature and are unlikely to represent average grades on the property.
TSX VENTURE: PRG | www.precipitategold.com
625 Howe Street, Suite 1020, Vancouver, BC, V6C 2T6
Toll free: 855 558 0335
Direct: 604 558 0335
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Jeffrey Wilson, Precipitate’s President & CEO stated, “We are very pleased with the latest highly anomalous
gold values reported from the follow up rock sampli ng program conducted within the South Anomaly of
the Copey Hill zone. Many of these anomalous sample s occur peripherally to the previously reported 53. 0
g/t gold sample, up to 250m distance, demonstrating the potential for a large undiscovered mineralized
system. We’re excited to expand our groundwork with in Copey Hill to include additional soil and rock
sampling in tandem with ongoing ground magnetic surveying. Completion of these important layers of data
bring us progressively closer to delineating and prioritizing Copey Hill drill targets.”
The Copey Hill epithermal gold target within the Company’s 100% owned Ponton Project is road accessible
and located approximately 25 kilometres due east of Barrick’s Pueblo Viejo mining operation and the
Company’s Pueblo Grande project in the Dominican Republic.
Rock and soil samples were bagged, sealed and deliv ered directly to Bureau Veritas (“BV”) preparation fa cility in
Maimon, Dominican Republic where they were dried, crushed (or sieved in the case of soils) and pulped. Sample pulps
were then delivered to BV facilities in Vancouver BC Canada (an ISO 9001 accredited facility) for analy ses. Samples
were crushed (or sieved) with up to 80% passing 2mm and split using a riffle splitter (code PRP70-250) . An
approximate 250 gram sub-sample split was pulverize d to minus 200 mesh (74μ). A 15 gram sub-split from the
resulting pulp was then subjected to aqua regia dig estion and multi-element ICP-MS analysis (code AQ20 1). Rock
sample ICP results with gold greater than 3 g/t wer e subjected to fire assay (AAS or Gravimetric finis h) analysis (30 g
pulp; codes FA430-Au, Ag and FA530-Au, Ag).
This news release has been reviewed by Michael Moor e, Vice President, Exploration of Precipitate Gold
Corporation, the Qualified Person for the technical information in this news release under NI 43-101
standards.
About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration com pany focused on exploring and advancing its mineral property
interests in the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic. The Company i s actively
exploring its 100% owned Ponton and Juan de Herrera projects. The Company’s Pueblo Grande Project is subject to an
Earn-In Agreement with Barrick Gold Corporation, wh ereby Barrick can earn a 70% interest by incurring US$10M
within six years and producing a qualifying Pre-fea sibility Study. Precipitate is also actively evalua ting additional high-
impact property acquisitions with the potential to expand the Company's portfolio and increase shareho lder value, in
the Dominican Republic and 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 [email protected]
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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 ex pected", "budget", "scheduled", "estimates",
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phrases which state that certain actions, events or results may, could, would, or might occur or be ac hieved. 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-loo king information is subject to known and unknown ri sks, 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 a ll; 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 enviro nmental legislation affecting mining; timing and av ailability of external financing on acceptable
terms; conclusions of economic evaluations; and lac k of qualified, skilled labour or loss of key indiv iduals. Although Precipitate has attempted to
identify important factors that could cause actual results to differ materially from those contained i n forward-looking information, there may be
other factors that cause results not to be as antic ipated, 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.