Precipitate Completes Detailed Soil Sampling Program within Lithocap Zone of the Pueblo Grande Gold Project in Dominican Republic
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Precipitate Completes Detailed Soil Sampling Program within Lithocap
Zone of the Pueblo Grande Gold Project in Dominican Republic
Vancouver, B.C. – April 11, 2019 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to announce it has completed the previously announced geochemical survey conducted within the
Lithocap Zone of the Company’s 100% owned Pueblo Gra nde Project located three kilometres west of
Barrick’s world-class Pueblo Viejo gold-silver mine in the Dominican Republic.
The completed geochemical surveying program represe nts Precipitate’s first phase of field work at the
newly acquired project and consisted of extensive a nd detailed soil sampling (more than 1,250 samples)
within the highly prospective Lithocap Zone. Samples have been submitted for laboratory analysis and wi ll
be reported upon receipt. Results will be utilized to better interpret and understand the Lithocap Zone for
follow up ground work, geological mapping and drill target delineation.
Jeffrey Wilson, Precipitate President & CEO, stated, "We are pleased to complete our first phase of work at
the new Pueblo Grande project. Completion of this d etailed geochemical survey provides the Company
with greater technical data from within this large target area and assists in facilitating guidance for our next
phases of ground work in advance of delineating tar gets for our first phase of drilling. This new
geochemical data, combined with the ground magnetic s and detailed geological mapping planned for the
coming weeks, will provide a sound basis for plotting our initial drill targets in the months ahead.”
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
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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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.