Precipitate Identifies Several Multi-Element Soil Geochemical Anomalies at the Pueblo Grande Gold Project in Dominican Republic
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Precipitate Identifies Several Multi-Element Soil Geochemical
Anomalies at the Pueblo Grande Gold Project in Dominican Republic
Vancouver, B.C. – June 3, 2019 - Precipitate Gold Corp. ( “Precipitate” or the “Company”) (TSXV: PRG) is
pleased to announce results of the detailed infill geochemical soil sampling survey conducted within t he
Loma Cuaba Lithocap Zone of the Company’s 100% owned Pueblo Grande Project located three kilometres
west of Barrick’s world-class Pueblo Viejo gold-silver mine in the Dominican Republic.
The detailed infill soil sampling program conducted within the highly altered Loma Cuaba Lithocap Zone has
identified and refined numerous multi-element anomalies of surface mineralization within the target zone;
several of which have an important northwest trend. Northwest trending geological structures at the
neighbouring Pueblo Viejo gold mine frequently host high-grade feeder-style gold mineralization. See the
accompanying map or the Company’s website (www.precipitategold.com ) for the Loma Cuaba soil anomaly
illustration map.
Highlight results are as follows.
• The largest northwest trending multi-element soil geochemical anomaly exceeds 2,000 metres
(“m”) in length, by 400m width, and is open to the southeast, projecting from the eastern
property boundary shared with the Pueblo Viejo mine site;
• Soil anomalies contain elevated gold, silver, molybdenum, copper, zinc and lead values, with
important pathfinder elements associated with high-sulphidation epithermal systems, such as
arsenic, antimony, mercury, selenium and tellurium. Soil anomalies on the north portion of Loma
Cuaba have a stronger base metal signature;
• Many of the northwest trending soil anomalies are coincident with silica enriched (erosion
resistant) topographic high ridges, which provide clear linear early stage exploration targets; and
• Historical drilling has tested only small portions of these large soil anomalies, or in some cases
not at all, leaving large areas prospective for future drill testing.
Jeffrey Wilson, Precipitate’s President & CEO stated, “We are very pleased that our first phase of field work
within this highly prospective zone has identified and refined numerous multi-element soil anomalies
enriched with many of the important elements common ly associated high sulphidation epithermal
mineralization. The infill soil sampling program provides us with an important layer of high-resolution data
that will greatly assist with our ongoing geologica l interpretation of the Loma Cuaba Lithocap Zone. We
look forward to augmenting this new geochemical dat a with pending results from our ground magnetic
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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survey and geological mapping program as we compile critical components for plotting our initial drill
targets in the months ahead.”
Detailed soil sampling now encompasses an area meas uring about 3.3km by 2.6km covering much of the
prospective Loma Cuaba Lithocap alteration zone. Th e recent infill soil samples augment the historical
samples with an updated soil sampling dataset colle cted at 50m intervals along east-west oriented grid
lines at 100m line intervals, resulting in a curren t soil sample density for most of the prospective t arget
area of 50m by 50m. The multi-element soil anomalie s outline overlapping clusters of anomalous element
zones, which collectively demark the multi-element anomalous regions of modest strength (with local spot
high values). Anomalies are defined by element values exceeding the 80 th percentile as follows: gold (14.3
ppb), silver (91 ppb), arsenic (27.0 ppm), antimony (0.9 ppm), copper (46.4 ppm), lead (14.0 ppm), zin c
(13.5 ppm), mercury (138 ppb), molybdenum (4.6 ppm), selenium (8.1 ppm) and tellurium (1.2 ppm).
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.
Soil samples were bagged, sealed and delivered dire ctly to Bureau Veritas (“BV”) preparation facility in
Maimon Dominican Republic where they were dried, sieved and pulped. Sample pulps were then delivered
to BV facilities in Vancouver BC (an ISO 9001 accre dited facility) for analyses. Samples were sieved t o with
up to 80% passing 2mm and split (code SS80). A 15 g ram sub-split from the resulting pulp was then
subjected to aqua regia digestion and ultra-trace multi-element ICP-MS analysis (code AQ251).
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
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Company also maintains the Reef property located im mediately adjacent to Golden Predator’s 3 Aces
Project in the Upper Hyland River area, Yukon Terri tory. The Company has entered into an Option to
Purchase Agreement with Golden Predator whereby Golden Predator can earn a 100% interest in the Reef
claims by making certain staged payments in cash an d shares and warrants. Precipitate is also actively
evaluating additional high-impact property acquisit ions with the 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.
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
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.