Precipitate Completes Data Review and Delineates Multiple Drill Targets for Pueblo Grande Project in Dominican Republic
Page 1 of 3
Precipitate Completes Data Review and Delineates Multiple Drill Targets
for Pueblo Grande Project in Dominican Republic
Vancouver, B.C. – September 4, 2019 - Precipitate Gold Corp. (“Precipitate” or the “Company”) (TSXV: PRG)
is pleased to announce it has completed an extensiv e program of data compilation and review and has
delineated and prioritized multiple highly prospect ive target areas for drill testing within the Compa ny's
Loma Cuaba Lithocap Zone at its 100% owned Pueblo Gr ande Project adjacent to Barrick’s world-class
Pueblo Viejo gold-silver mine in the Dominican Republic.
Eight distinct drill target areas have been selected within the Lithocap area, based on detailed review of all
geological, geophysical and geochemical data available to the Company. These prospective areas evidenc e
certain geological and/or geophysical characteristi cs commonly associated with high-sulphidation
epithermal and in one case porphyry style mineraliz ation, including a combination of a geophysical
magnetic inversion low anomaly, favourable host roc k or structure, silica/clay alteration and rock-soi l
geochemical anomalies. See figure 1 or the website at www.precipitategold.com
Jeffrey Wilson, Company President & CEO stated, "We are pleased to complete our extensive data
compilation and review and successfully establish m ultiple key zones for our maiden phase of drilling at
these largely untested target areas. Our in-house technical teams have worked diligently to understand the
geological and geophysical affinities of this large lithocap area in order to vector efforts toward th e most
prospective locations for drill testing. The relati ve proximity of these targets to the adjoining Pueb lo Viejo
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
mining operation makes this a very compelling oppor tunity to establish and conduct, in the weeks and
months ahead, a meaningful first phase of drilling. Additionally, the Company’s field staff has initia ted a
program of prospecting and stream sediment sampling on the east portion of the Pueblo Grande property;
a region where there is no pre-existing sampling or modern geological data.”
Drill target delineation and prioritization are bas ed on critical technical characteristics which incl ude a
varying combination of a magnetic inversion low ano maly (possible magnetite destruction), silica and c lay
alteration (particularly high temperature clays such as alunite & advance argillic facies), permeable/reactive
volcanic host rock or possible structure, prominent topographic linear, coincident surface soil-rock
geochemical anomalies, nearby anomalous historical drill hole results and proximity to the Pueblo Viej o
property’s concealed Arroyo Hondo exploration targ et. Of the eight drill targets, five are classified as
primary priority, being near surface and/or having a unique mix of important vectoring attributes.
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.
Precipitate is also actively evaluating additional high-impact property acquisitions with the potentia l 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.
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 inf ormation 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 sim ilar to those of surrounding properties; delay or f ailure 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
Page 3 of 3
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.