Precipitate Commences Ground Magnetic Geophysical Survey Over Lithocap Zone at Pueblo Grande Project in Dominican Republic
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Precipitate Commences Ground Magnetic Geophysical Survey Over
Lithocap Zone at Pueblo Grande Project in Dominican Republic
Vancouver, B.C. – May 7, 2019 - Precipitate Gold Corp. (“Precipitate” or the “Company” ) (TSXV: PRG) is
pleased to announce it has commenced a ground magne tic geophysical survey at the Lithocap Zone of the
Company’s 100% owned Pueblo Grande Project located three kilometres west of Barrick’s Pueblo Viejo
gold-silver mine in the Dominican Republic.
The Company’s field crews have completed a grid lin e cutting program in advance of a minimum 38 line
kilometre ground magnetic geophysical survey to be conducted over the highly prospective Lithocap Zone.
The magnetic survey will consist of an estimated 24 east-west oriented parallel lines extending up to 2.6
kilometres in length, at both 100 and 200 metre lin e spacing. The purpose of the survey is to provide
detailed ground magnetic data to augment existing airborne magnetic data along with pending results from
the Company’s recently completed infill soil sample survey conducted over the same Lithocap Zone area.
Results from the recently completed soil sampling program will be released as they become available.
Jeffrey Wilson, Precipitate's President & CEO state d, "We are pleased to initiate the ground magnetic
survey over the highly prospective Lithocap Zone as it will provide quality geophysical data for us to utilize
in combination with the exiting regional airborne m agnetic information generated by a prior operator.
When combined, the new ground and airborne data wil l improve our subsurface knowledge, particularly
via the use of 3D inversion computer modelling. Col lecting and modelling this important geophysical da ta
in conjunction with the pending geochemical results will assist vectoring toward priority target areas and
specific drill target delineation for an anticipated initial phase of drilling.”
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 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 .
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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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 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.