Precipitate Engages Geological Consultant Dr. Stewart Redwood for Review and Recommendations on New Pueblo Grande Project, Dominican Republic
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Precipitate Engages Geological Consultant Dr. Stewart Redwood for
Review and Recommendations on New Pueblo Grande Project,
Dominican Republic
Vancouver, B.C. – December 11, 2018 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV:
PRG) is pleased to announce it has engaged independent geological consultant Dr. Stewart D. Redwood for
project review and preparation of a geological repo rt and recommendations on the Company’s newest
property acquisition, the Pueblo Grande Project in the Dominican Republic.
Dr. Redwood is a renowned economic geologist, havin g worked for numerous mining and exploration
companies in over 35 countries around the world, with a specific focus and expertise within Latin America.
During his 30+ year career, Dr. Redwood has authore d multiple technical reports and published papers i n
Economic Geology and other journals and has authored (or co-authored) 11 reports on Dominican Republic
geology and ore bodies, including the Pueblo Viejo gold deposit located immediately adjacent to
Precipitate’s new Pueblo Grande Project in central Dominican Republic. Several of Dr. Redwood’s published
reports on Pueblo Viejo and its surrounding areas w ere co-authored by other notable geological
consultants, including Richard Sillitoe, David Hall, and Precipitate Director, Alistair Waddell.
Jeffrey Wilson, Precipitate President & CEO, stated , "We are thrilled to engage Dr. Redwood to review,
evaluate, and provide recommendations on our newly acquired Pueblo Grande Project. As we complete
the transaction to acquire a 100% interest in the g round and embark on our first phases of work, Dr.
Redwood’s geological expertise and extensive experi ence in and around the Pueblo Viejo region will
provide a substantial benefit for Precipitate in un derstanding the geological setting of the project a nd
implementing our near-term plans and long-term obje ctives for this prospective new landholding.
Combining Dr. Redwood’s intimate understanding of t he neighbouring Pueblo Viejo deposit and
surrounding regional geological and structural characteristics with our newly attained historic projec t data
package, will provide our technical team with invaluable guidance to identify and prioritize areas within our
large new land package for detailed initial ground work leading to drill target delineation.”
In the early 2000’s Dr. Redwood served as the first President & CEO of GoldQuest Mining, where he worked
extensively exploring and evaluating multiple projects throughout the Dominican Republic.
Stewart Redwood, BSc (Hons), PhD, FIMMM, FGS specializes in minerals exploration and project evaluation.
He has a degree in geology from Glasgow University (1982) and obtained his Ph.D. from Aberdeen
University (1986) for his work on the gold and silv er deposits of Bolivia. Over the course of his care er, Dr
Redwood has worked for the British Geological Survey, was the Director of Exploration for Mintec S.A., the
largest mining consulting company in Bolivia, worke d at Metall Mining Corporation / Inmet Mining
Corporation as a Project Geologist then a Senior Ge ologist in South and Central America, including
secondment to the Antamina copper and zinc project in Peru, where he supervised the reserve drilling
program for the feasibility study that increased mi neable reserves fourfold to 500 million tonnes grad ing
1.2% copper and 1.0% zinc, and was Chief Geologist South America for AngloGold Ltd. (now AngloGold
Ashanti).
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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Dr. Redwood is a Fellow of The Institute of Materia ls, Minerals and Mining (FIMMM), a Fellow of the
Geological Society of London (FGS), a Fellow of the Society of Economic Geologists, and a Member of th e
Geological Society of America. The FIMMM is recogni zed as a Qualifying Person under Canadian NI 43-101
rules.
Full details of Dr. Redwood’s credentials, work history and published reports can be found on his website at
sredwood.com .
About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its two district
scale landholdings in the Dominican Republic’s two most significant mining and exploration camps,
specifically its flagship Pueblo Grande Project imm ediately adjacent to Barrick’s world-class Pueblo V iejo
mine operation, and its Juan de Herrera Project adj acent to GoldQuest’s Romero Project. The Company
also maintains assets in southeast Yukon Territory, specifically the Company’s Reef property located
immediately adjacent to Golden Predator’s 3 Aces Pr oject in the Upper Hyland River area. The Company
has entered into an Option to Purchase Agreement wi th Golden Predator whereby Golden Predator can
earn a 100% interest in the Reef claims by making c ertain staged payments in cash and shares and
warrants. Precipitate is also actively evaluating a dditional high-impact property acquisitions with th e
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
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.