Precipitate Receives Drill Permit for Pueblo Grande Project in Dominican Republic
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Precipitate Receives Drill Permit for Pueblo Grande Project
in Dominican Republic
Vancouver, B.C. – September 18, 2019 - Precipitate Gold Corp. (“Precipitate” or the “Company”) (TSXV:
PRG) is pleased to announce receipt of the governme nt issued permit for diamond drill testing within t he
Company's Loma Cuaba Lithocap Zone at its 100% owne d Pueblo Grande Project adjacent to Barrick’s
world-class Pueblo Viejo gold-silver mine in the Dominican Republic.
The Ministry of Environment and Natural Resources o f the Dominican Republic has granted a permit
totalling 30 drill platforms at various key locatio ns within the broader Loma Cuaba Lithocap target ar ea.
Importantly, Precipitate has also obtained associat ed surface access authorization from local private
surface rights landholders, giving the Company full and immediate access to initiate ground preparations in
advance of the commencement of drilling.
Jeffrey Wilson, Company President & CEO stated, "We are pleased to have received this important drill
permit as it provides the Company the authorization to begin ground preparations as we advance toward
commencement of drilling. As recently announced, ou r technical team has identified eight (8) distinct
prioritized drill target areas within the Loma Cuab a Lithocap zone (see Company’s news release dated
September 4, 2019 ). Having permission to drill within all eight of t hose zones from up to 30 individual drill
locations provides the Company valuable flexibility in executing a timely and efficient program. Recei pt of
the permit along with landholder surface rights all ows crews immediate access to commence ground
preparations and pad construction in advance of drill.”
Prioritization of specific drill target locations within the identified drill target areas and drill plan details are
currently being refined by the Company’s technical team and are expected to be disclosed in the coming
weeks.
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.,
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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“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 inf ormation 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, politi cal and social uncertainties; the concessions
acquired by the Company may not have attributes sim ilar to those of surrounding properties; delay or f ailure 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.