Precipitate Signs Drill Contract and Conducts Drill Site Preparations in Advance of Drilling Newly Identified Target at Pueblo Grande Project
Precipitate Signs Drill Contract and Conducts
Drill Site Preparations in Advance of Drilling
Newly Identified Target at Pueblo Grande
Project
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2026) -
Precipitate Gold Corp.
(TSXV:
PRG) (OTCQB: PREIF) (the "
Company
" or "
Precipitate
") is pleased to announce that it has completed
improvements to existing property access routes and commenced preparations of new drill site
locations within the Pueblo Grande Norte Zone of the Company's 100% owned Pueblo Grande Project
("Pueblo Grande" or the "Project") in central Dominican Republic. See photos below. In addition, the
Company has signed a drill contract with Energold Group ("Energold"), whereby the drill company has
confirmed the availability of an in-country diamond drill rig and crew prepared to commence mobilization
upon completion of the site preparations.
Completion of access improvements and drill pad construction in the coming weeks will enable timely
mobilization of the drill rig and crew, positioning the Company to commence diamond drilling
immediately thereafter. Further details on the mobilization of the drill rig and/or the commencement of
drilling will be disclosed in due course.
Photo 1: Cleared access path
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Photo 2: Completed drill pad preparations
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The target area is fully permitted for drilling and the pending diamond drilling campaign will be designed
to systematically test a newly identified, and untested cluster of induced polarization ("IP") geophysical
chargeability anomalies collectively measuring about 800 metres north-south by more than 450 metres
east-west, loosely centred at depths that range from 100 to 330 metres from surface. The chargeability
anomaly remains open in both the east and west directions. Using 2D Quantitative Vertical IP Sections,
the interpreted shape of the chargeability high anomalies suggests an epithermal alteration system
having a shallow south dipping alteration blanket or 'lithocap' (> 25 mv/v chargeability threshold), with
perhaps up to three semi-discrete strong internal east-west tending sub-horizontal lobes (> 30 mv/v
readings, up to 50 mv/v locally) and possible underlying vertical 'feeder structures' (as delineated by both
moderate to strong chargeability and resistivity readings). See the Company's
news release dated
January 22, 2026.
Energold is a well-established international drilling contractor with substantial operational experience
throughout the Caribbean and Latin America, including extensive prior work in various regions of the
Dominican Republic. The selected diamond drill rig is currently in-country and available and expected to
be mobilized to site shortly. Energold's experienced Dominican workforce are familiar with Project
specific operating conditions and the selected rig is well suited for the anticipated drill hole depths and
ground conditions.
The scientific and technical information contained in this news release has been reviewed and approved
by Michael Moore, P. Geo., Vice President, Exploration of Precipitate Gold Corporation, a Qualified
Person ("QP") as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Mr. Moore is not independent of the Company within the meaning of NI 43-101. The QP has verified the
data disclosed in this news release, including sampling, analytical and test data underlying the
information.
About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral
property interests in the Dominican Republic, including its 100% owned Juan de Herrera project located
immediately adjacent to GoldQuest Mining's Romero Project, its 100% owned Pueblo Grande project
located immediately adjacent to the Pueblo Viejo mine operated by Barrick Mining, and its 100% owned
Ponton project located 30km east of the Pueblo Viejo mine. Precipitate is also actively evaluating
additional high-impact property acquisitions with the potential to expand the Company's portfolio and
increase shareholder value, in 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
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 words 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 achieved.
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-looking information is subject to known and unknown risks,
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 all; 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 availability of external financing on acceptable terms;
conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals.
Although Precipitate has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking information, there may be other factors that cause
results not to be as anticipated, 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.
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