Precipitate’s Ground Magnetic Survey Further Refines Drill Targets within Copey Hill Zone at Ponton Project, Dominican Republic
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Precipitate’s Ground Magnetic Survey Further Refines Drill Targets
within Copey Hill Zone at Ponton Project, Dominican Republic
Vancouver, B.C. – September 10, 2020 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV:
PRG, OTCQB: PREIF) is pleased to announce results and preliminary interpretation of the ground magnetics
geophysical survey conducted at the Copey Hill epit hermal gold target of the Company’s 100% owned
Ponton Project in the Dominican Republic.
The ground magnetic geophysical survey has successfully delineated numerous discreet and variably linear
magnetic low anomalies, which often align well with gold enriched surface soil and rock samples . This
correlation is particularly apparent at the South A nomaly where surface rock samples have reported
highlight values of 53.0 g/t gold and 17.0 g/t gold *. Many of the magnetic low anomalies are interpreted
to reflect likely zones of hydrothermally induced m agnetite destruction; a common
alteration/geophysical feature in gold epithermal s ystems. See the accompanying map or the Company’s
website for additional illustrations of the Copey Hill magnetic anomaly illustration map.
Jeffrey Wilson, Precipitate’s President & CEO stated, “We are pleased with the latest magnetic survey
results as the identification of multiple magnetic low anomalies coincidental with combined high-grade
gold rock samples and elevated gold-in-soil values supports the Company’s gold epithermal model and
vectors our drill target delineation to specific priority areas where these anomalies overlap. Additionally,
the Company has engaged former Newmont Mining chief geophysicist, Tom Weis to conduct 3D inversion
computer modelling and assist in the interpretation of the latest magnetic data to gain further insight on
the sub-surface geophysical characteristics of the Copey Hill Zone in advance of drill target selection”.
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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Initial interpretation of magnetic maps has inferred numerous crosscutting structures (trending north,
northeast and northwest) that commonly overlap or are proximal to gold enric hed overlying surface soil
and rock samples. Interestingly, the south-side of the South Anomaly appears to wrap around a large
magnetic high anomaly, which may suggest a probable concealed intrusive body and a postulated catalyst
for Copey Hill mineralization and alteration.
The primary goal of the ground magnetic geophysical survey is to aid interpretation and identification of
rock types, hydrothermal alteration zones and struc tural geological features which underlie the two
distinct and large North and South gold-in-soil anomalies within the Copey Hill Zone .
*Note: Rock grab samples are selective by nature and are unlikely to represent average grades on the property.
The Copey Hill intermediate sulphidation epithermal gold target within the Company’s 100% owned Ponton
Project is road accessible and located approximatel y 25 kilometres due east of Barrick’s Pueblo Viejo
mining operation and the Company’s Pueblo Grande project in the Dominican Republic.
The ground magnetic survey covered an estimated 62.1 grid line kilometres over the Copey Hill Zone, covering an area
measuring an estimated 2.8km by 1.8km. Survey data was collected at 12.5 metre station intervals on 50 metre
spaced grid lines (with peripheral lines up to 200 metre separation) by a GSM-19 version 7 Overhauser magnetometer
by a Company technician. Post survey data processin g and the generation of various maps and derivative s were
completed by Campbell & Walker Geophysics Ltd.
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",
"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, politi cal 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.