Precipitate Commences Field Work on Copey Hill Epithermal Gold Zone at Ponton Project, Dominican Republic
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Precipitate Commences Field Work on
Copey Hill Epithermal Gold Zone at Ponton Project, Dominican Republic
Vancouver, B.C. – June 9, 2020 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to announce it has commenced exploration fi eld work on the Copey Hill Gold Zone within the
Company’s 100% owned Ponton project, located in the Dominican Republic.
With Dominican Republic COVID-19 restrictions begin ning to ease, the Company’s in-country field crews
have been mobilized to the Ponton project to initia te a program of geochemical sampling to test for
possible expansion of the existing Copey Hill multi -element geochemical anomaly. The existing anomaly is
open to the east and northeast ( see accompanying map ), so crews will expand the survey area in those
directions collecting soil samples on 50 metre by 1 00 metre spacing. Immediately following completion of
the soil sampling program, management intends to co nduct subsequent programs of geological mapping
and ground magnetic surveying over the extended are a as a means of delineating targets for a possible
near-term first phase of drilling at Copey Hill.
Jeffrey Wilson, Precipitate's President & CEO comme nted, "Within the Dominican Republic, COVID-19
restrictions have been relaxed to levels which allow the Company to commence field work. We are pleased
to initiate our first exploration program on the Co pey Hill Gold Zone since restrictions were imposed s ome
months ago. These critical programs of soil sampling, geological mapping and ground magnetic geophysical
surveying will be conducted to advance the target to a drill stage as promptly as possible.”
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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Copey Hill Gold Zone - Planned Exploration Program Highlights
• The Copey Hill multi-element soil anomaly has a sur face foot print measuring up to 1,200 metres by
1,000 metres and is currently open to the northeast and east. Approximately 300 soil samples will be
systematically collected over an area extending 500 metres east of historical soil sampling, with the
goal of defining the east limit of the multi-element soil anomaly.
• Detailed geological mapping and associated rock sam pling will cover much of the current target area,
following up on previous mapping which has identified distinctive areas of white clay argillic and silica
alteration, hosted in prospective Los Ranchos Forma tion volcanic rocks, which are similar to the host
rocks at the Pueblo Viejo Gold Mine located about 3 5 kilometres to the west. Mapping will focus
particularly on those areas with highly anomalous g old-in-rock samples, with values up to 4.1 grams
per tonne.
• Field crews will conduct a ground magnetic geophysi cal survey consisting of a minimum of 11 north-
south oriented parallel lines extending up to 1.7 k ilometres in length, at both 50 and 100 metre line
spacing. The magnetic survey will provide detailed data to assist geological mapping and to detect
potential discreet magnetic low anomalies that may reflect areas of magnetite destruction alteration;
a common magnetic geophysical feature in epithermal gold systems.
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 i s actively
exploring its 100% owned Ponton and Juan de Herrera projects. The Company’s Pueblo Grande Project is subject to an
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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]
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 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 environmental 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.