Precipitate Concludes Soil Sampling and Commences Ground Magnetic Survey at Ponton Project, Dominican Republic
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Precipitate Concludes Soil Sampling and Commences Ground Magnetic
Survey at Ponton Project, Dominican Republic
Vancouver, B.C. – July 6, 2020 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG,
OTCQB: PREIF) is pleased to announce that it has co mpleted its previously announced soil sampling
program and commenced a ground magnetics geophysica l survey covering the Copey Hill Zone within the
Company’s 100% owned Ponton Project located approxi mately 25 kilometres (“km”) due east of Barrick’s
Pueblo Viejo mining operation and the Company’s Pueblo Grande project in the Dominican Republic.
Field crews have commenced a program of ground magnetic surveying over the multi-element geochemical
anomaly identified at the Copey Hill zone. The magn etic survey will consist of a minimum 40 line km of
ground magnetic surveying comprised of an estimated 20 north-south oriented parallel lines extending u p
to 2.0 kms in length, at both 50 and 100 metre line spacing. No prior geophysical survey has been
conducted over this prospective emerging geochemical zone.
Jeffrey Wilson, Precipitate's President & CEO state d, "We are pleased to initiate the ground magnetic
survey over the highly prospective Copey Hill zone as it will provide quality geophysical data for us to utilize
in combination with the existing and pending geoche mical data derived from the zone. This is the first
ground magnetic survey to be conducted on the Ponto n Property so we anticipate this newly generated
geophysical data will prove useful in our ongoing e ffort to identify and prioritize specific new targe t areas.
Of particular interest will be any magnetic-low ano malies coincident with elevated surface soil and ro ck
geochemistry, where magnetic lows are potentially i ndicative of magnetite destruction, a common
geophysical feature found within gold epithermal sy stems. This important geophysical work will advance
the Copey Hill closer to a possible drill program.”
The previously announced soil geochemical sampling program at Copey Hill (see news release dated June 9,
2020 ) has been completed. The soil sampling program is investigating the possible expansion of the existing
Copey Hill multi-element geochemical anomaly to the east and northeast. More than 300 individual
samples were collected in this program and submitte d for laboratory analysis. Results will be reporte d as
they become available.
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
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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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.