Precipitate Contracts Former Pueblo Viejo Chief Geologist and Completes Ground Preparations in Advance of Drilling at Pueblo Grande Project, Dominican Republic
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Precipitate Contracts Former Pueblo Viejo Chief Geologist and
Completes Ground Preparations in Advance of Drilling at Pueblo Grande
Project, Dominican Republic
Vancouver, B.C. – December 17, 2019 - Precipitate Gold Corp. (“Precipitate” or the “Company”) (TSXV:
PRG) is pleased to announce it has engaged Darren O’Brien P.Geo. to provide a project geology review and
assist with the selection of drill collar locations and orientations within the Company's Loma Cuaba
Lithocap Zone of its Pueblo Grande Project adjacent to Barrick’s Pueblo Viejo gold-silver mine. Mr. O’Brien
was the Pueblo Viejo Chief Geologist (2002-2006) fo r Placer Dome (now Barrick) at the time the positiv e
production decision was made. In addition, Company field crews have completed clearing and repairs to
the area’s main access roads, while establishment o f the necessary pathways and drill site preparation s in
advance of drilling is ongoing. See accompanying photos of field crews conducting ground preparations and
prospecting, or visit the Company’s website at 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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Precipitate’s ground team, led by Vice President, E xploration, Michael Moore, P. Geo., consists of Dar ren
O’Brien and two additional Canadian geologists with extensive Dominican Republic exploration experience.
In addition, a 14 man crew of locally-sourced field helpers and managers are clearing access routes an d
conducting final field preparations in advance of t he commencement of the upcoming diamond drill
program.
Jeffrey Wilson, President & CEO, stated, "We are pl eased to be nearing commencement of this highly
anticipated drill program. The addition of Darren O ’Brien, a former Placer Dome geologist, during this
critical stage of target refinement, heightens our team’s knowledge and understanding of the local
geological environments that will be tested in the upcoming drill program. Access to this level of exp ertise
in this stage of preparation is a vital tool in finalizing the drill plan.”
Subsequent to the completion of the Loma Cuaba Lith ocap Zone drill program preparations , the technical
team will visit other prospective but underexplored zones within the broader Pueblo Grande property
package to conduct mapping and sampling surveys to identify and prioritize additional areas that could
emerge as future targets for exploration.
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 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
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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 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.