Precipitate Enhances Copey Hill Epithermal Gold Zone Target at Ponton Project, Dominican Republic
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Precipitate Enhances Copey Hill Epithermal Gold Zone Target
at Ponton Project, Dominican Republic
Vancouver, B.C. – June 4, 2020 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to announce latest target refinement result s for the Copey Hill Gold Zone as derived from an
expanded compilation and review of historical geochemical data from the Company’s 100% owned Ponton
project, located approximately 20 kilometres (“km”) due east of the Company’s Pueblo Grande project in
the Dominican Republic.
Final interpretation of the Copey Hill Zone historic surface geochemical sampling data (soil, rock and
stream sediment) confirms and enhances the large an d strong multi-element geochemical anomaly
characterized by elevated concentrations of importa nt epithermal-style elements such as gold, silver,
arsenic, mercury, antimony and thallium. The accomp anying multi-element geochemical figure and grid
sampling map illustrate the detailed contours of the anomalies outlined at Copey Hill. Based on currently
available data, the Copey Hill anomaly measures up to 1,200 metres by 1,000 metres and remains open to
the northeast. At such time as current COVID-19 res trictions allow, the Company expects to commence a
follow up program of detailed geochemical sampling and a possible magnetic geophysical survey to test for
possible expansion of the zone and further delineate near-term drill targets.
As previously reported by the Company, the Copley Hill Zone hosts the region’s strongest multi-element
geochemical anomaly, likely reflective of a near su rface epithermal gold system. The accompanying mult i-
element geochemical map clearly demonstrates the co nsistency of elevated concentrations of multiple
epithermal related elements within the zone. Copey Hill has never been drill tested and will be the focus of
the Company’s drill targeting plans. See the accomp anying maps or the Company’s website
(www.precipitategold.com ) for the zone’s summary illustrations and also additional Ponton related figures.
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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Copley Hill Epithermal Gold Zone, Major Attributes
Early stage rock sampling with gold values up to 4.1 grams per tonne (“g/t”) , associated with fine
grain silica (+/- pyrite) veins, often with boxwork and cockscomb textures;
Pronounced epithermal gold system characteristics with coincident rock and soil geochemical
anomalies, including gold, silver, arsenic, mercury , antimony and thallium (and other important
epithermal pathfinder elements);
Significant size potential with current anomalous zone measuring about 1,200 by 1,000 metres and
open to the northeast;
Hosted in prospective Los Ranchos Formation volcani cs, similar to the host rocks at the Pueblo
Viejo Gold Mine located about 35 kilometres to the west; and
Excellent logistics and road access, with a high power electrical line bisecting the property.
Jeffrey Wilson, Precipitate’s President and CEO com mented, “We’re pleased that, in spite of current
COVID-19 related restrictions to our planned ground work, we have been able to utilize existing histor ical
data to refine and improve our understanding of the target via desktop analysis. The Copey Hill Epithermal
Gold Zone is evolving in the right direction as this final compilation and interpretation of the histor ic
surface geochemical sampling data reinforces our be lief that the zone reflects a near surface epitherm al
gold system. Refining the specific scope and charac teristics of these anomalies allows the Company’s
technical team to effectively formulate plans for f ollow up exploration. Copey Hill provides the Compa ny
and shareholders with a highly prospective gold exp loration target with drill-worthy anomalies, in an area
of excellent access and logistics. Once the current Covid-19 related restrictions are relaxed, we inte nd to
immediately commence fieldwork, including soil samp ling, geological mapping and ground magnetic
geophysical surveying to advance the target to a drill stage as promptly as possible.”
Ponton Property
The Ponton Project is located about 20 kilometres east of the Company’s Pueblo Grande gold project or 45
kilometres north of Santo Domingo, the capital of D ominican Republic. The Project covers 3,250 hectare s,
has excellent road access, is bisected by a high po wer electrical line and importantly is underlain by the
similar prospective Cretaceous to Lower Tertiary ag ed Los Ranchos Formation volcanic rocks that host
Barrick’s Pueblo Viejo Gold-Silver Mine. Work compl eted by past operators includes both property-wide
reconnaissance scale exploration and detailed follo w up work on two of the three surface geochemically
anomalous zones identified on the Project. The prop erty’s three notable exploration zones are (i) Copey
Hill, an epithermal gold target, (ii) Majagual Hill, a copper-gold porphyry target (tested in 2017 wit h five
diamond drill holes) and (iii) a broad area of early stage rock and stream sediment anomalies , which
require follow up investigation. The Project’s hist orical surface geochemical database includes 2,880 soil,
1,403 rock and 317 stream sediment samples. At the Majagual Hill copper-gold porphyry zone prior work
includes surface trenching, 4.7 line-kilometers of induced polarization (IP) geophysical surveying, and 1,666
metres of diamond drilling (5 holes in 2017).
The Ponton Project historical soil, rock, stream se diment and core samples collected by past operators
were collected on a wide range of surface or drill hole densities and were submitted to Bureau Veritas
(previously Acme Labs) for multi-element ICP-MS analysis, all data is stored in various digital formats and is
in the Company’s possession.
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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 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
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]
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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",
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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.