Precipitate’s Geological Mapping Yields Extensive Important Surface Silica Zones at the Pueblo Grande Gold Project in Dominican Republic
Page 1 of 3
Precipitate’s Geological Mapping Yields Extensive Important Surface
Silica Zones at the Pueblo Grande Gold Project in Dominican Republic
Vancouver, B.C. – July 10, 2019 - Precipitate Gold Corp. (“Precipitate” or the “Company”) (TSXV: PRG) is
pleased to announce results and preliminary interpretation of the geological mapping survey conducted at
the Loma Cuaba Lithocap Zone of the Company’s 100% owned Pueblo Grande Project adjacent to Barrick’s
world-class Pueblo Viejo gold-silver mine in the Dominican Republic.
The geological mapping survey has identified multiple surface exposures of untested strong silica alteration
zones, which are a commonly recognized indicator an d vector for epithermal feeder structures and
potential related mineralization. Notably, many of these silica alteration zones align with, or parall el
topographic ridge trends which have similar orientations as the main mineralization structures found at the
neighbouring Pueblo Viejo Gold Mine.
Jeffrey Wilson, Precipitate’s President & CEO state d, “We are pleased to see the prevalent presence of
surface silica zones within the target area as silica represents an important geological indicator for possible
high sulphidation epithermal mineralization. Comple tion of this detailed geological mapping survey has
provided us with yet another important layer of tec hnical data to apply to our ongoing evaluation and
interpretation of this extensive target area. We ar e now completing a comprehensive data review, with
particular emphasis on our new and exciting 3D magn etic inversion computer model. We expect the
compilation of critical components of recently derived data will lead to refinement of favourable area s for
delineation of drill targets in the near term.”
See accompanying geological compilation map or the Company’s website ( www.precipitategold.com ) for
additional illustrations of the Loma Cuaba geological compilation.
TSX VENTURE: PRG | www.precipitategold.com
625 Howe Street, Suite 1020, Vancouver, BC, V6C 2T6
Toll free: 855 558 0335
Direct: 604 558 0335
Page 2 of 3
The geological mapping survey was carried out over most of the prospective advanced argillic altered Loma
Cuaba Lithocap Zone, with the primary goals of (i) a ssessing previous historical mapping studies and (i i)
providing a strong base for ongoing interpretation of generated data related to lithology, alteration, and
structure, along with geochemical and geophysical features as important factors for drill target delineation.
The geological mapping study was completed by Warre n Pratt and Tom Rowe of Specialised Geological
Mapping Ltd.
Initial interpretation indicates that many of the s trong silica alteration zones (i) have trends to th e
northwest, north and northeast, similar to the main mineralization structures at the adjacent Pueblo V iejo
Mine and (ii) are often coincident with modest stre ngth pathfinder element geochemical rock-soil
anomalies including combinations of silver, mercury +/- gold, antimony, molybdenum, tellurium and
selenium. Geological mapping of rock exposures show s that the Loma Cuaba Lithocap Zone is dominantly
underlain by advanced argillic altered mixed interm ediate volcanic rocks with a pervasive and varied
metamorphic schistosity (a post alteration penetrat ive deformation fabric). Additionally, exposures of
younger conformable overlying Hatillo limestone rocks are found on the south regions of the Lithocap Zone
and ‘post-schistosity’ dacitic intrusive rocks are observed in the western region.
This news release has been reviewed by Michael Moor e P. Geo., Vice President, Exploration of Precipita te
Gold Corporation, the Qualified Person for the tech nical 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 also maintains the Reef property located im mediately adjacent to Golden Predator’s 3 Aces
Project in the Upper Hyland River area, Yukon Terri tory. The Company has entered into an Option to
Purchase Agreement with Golden Predator whereby Golden Predator can earn a 100% interest in the Reef
claims by making certain staged payments in cash an d shares and warrants. Precipitate is also actively
evaluating additional high-impact property acquisit ions with the potential to expand the Company's
portfolio and increase shareholder value.
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]
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.
Page 3 of 3
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",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such w ords 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 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.