Precipitate Expands Copey Hill Zone and Returns Rock Sample Grading 53.0 g/t Gold at Ponton Project, Dominican Republic
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Precipitate Expands Copey Hill Zone and Returns Rock Sample Grading
53.0 g/t Gold at Ponton Project, Dominican Republic
Vancouver, B.C. – July 21, 2020 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG,
OTCQB: PREIF) is pleased to announce results of the first phase surface soil and rock geochemical sampling
conducted at the Copey Hill epithermal gold target of the Company’s 100% owned Ponton Project located
approximately 25 kilometres (“km”) due east of Barrick’s Pueblo Viejo mining operation and the Company’s
Pueblo Grande project in the Dominican Republic.
During the first phase exploration work, a total 313 soil samples were systematically collected to a distance
up to 500 metres east of the historical soil sampli ng at 50m and 100m intervals. A total of 122 rock
samples, both grab and continuous chip types were c ollected during reconnaissance level geological
mapping within the main Copey Hill anomaly and immediate surrounding area.
Copey Hill Gold Zone, First Phase Surface Geochemical Sampling Highlights:
• Highlight rock sample returned 53.0 grams per tonne (“g/t”) gold and 43.0 g/t silv er from an
outcropping 0.4 metre (“m”) wide quartz vein *;
• Expansion of the Copey Hill anomaly 100m to the eas t for a total overall footprint of 1,300m by
1,000m ; and
• Delineation of two distinct gold-in-soil anomalies within the Copey Hill Zone; measuring 1,000m by
500m , and 900m by 200m respectively.
*Note: Rock grab samples are selective by nature and are unlikely to represent average grades on the property.
Jeffrey Wilson, Precipitate’s President & CEO stated, “We are pleased that our first phase of work at Copey
Hill has expanded the extent of the known geochemical anomaly while identifying high grade rock samples
and delineating two distinct internal zones with el evated gold-in soil samples. We are moving swiftly to
prioritize target zones for detailed follow up expl oration, including additional soil and rock sample
collection, geological mapping, and ground magnetic geophysical surveying, all of which are currently
underway with results to follow. These important layers of data bring us progressively closer to delineating
drill targets.”
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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The Copey Hill soil anomalies and rock sample locat ions and their distinct multi-element geochemical
characters are shown on the accompanying gold-in soil map and multi-element-in soil map illustrating the
current scope of the surface gold anomalies, along with critical coincident pathfinder elements silver ,
arsenic, antimony, mercury and thallium. See also t he Company’s website for these and additional Ponton
related figures.
Rock samples collected during first pass reconnaiss ance scale geological mapping has returned a highli ght
gold-in-rock sample (53.0 g/t gold and 43.0 g/t silver from an outcropping 0.4 metre wide quartz vein*)
which is located 240m southwest of a previously rep orted rock sample containing 4.1 g/t gold . Both of
these highlight gold-in-rock samples were collected from quartz vein or quartz breccia mineralization
hosted within Los Ranchos formation volcanic rocks and are located within a lengthy multi-element soil
anomaly measuring an estimated 900m long.
A follow up program of detailed infill soil sampling and comprehensive geological mapping with associated
rock sampling is currently underway at this priorit ized 900m long soil anomaly. After completion of th is
priority follow-up work, field crews will move nort h to the larger gold-in-soil anomaly, measuring abo ut
1,000m by 500m to conduct additional focused geological mapping and surface sampling.
Rock and soil samples were bagged, sealed and deliv ered directly to Bureau Veritas (“BV”) preparation fa cility in
Maimon, Dominican Republic where they were dried, crushed (or sieved in the case of soils) and pulped. Sample pulps
were then delivered to BV facilities in Vancouver BC Canada (an ISO 9001 accredited facility) for analy ses. Samples
were crushed (or sieved) with up to 80% passing 2mm and split using a riffle splitter (code PRP70-250) . An
approximate 250 gram sub-sample split was pulverize d to minus 200 mesh (74μ). A 15 gram sub-split from the
resulting pulp was then subjected to aqua regia dig estion and multi-element ICP-MS analysis (code AQ20 1). Rock
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sample results with gold greater than 10,000 ppb we re subjected to fire assay (gravimetric finish) ana lysis (30 g pulp;
code FA530-Au, Ag).
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
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.