Precipitate’s Magnetic 3D Inversion Refines Drill Targets at Copey Hill Zone, Ponton Project, Dominican Republic
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Precipitate’s Magnetic 3D Inversion Refines Drill Targets
at Copey Hill Zone, Ponton Project, Dominican Republic
Vancouver, B.C. – December 3, 2020 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG,
OTCQB: PREIF) is pleased to announce results and in terpretation of the geophysical magnetic 3D inversion
study conducted on the highly prospective Copey Hil l epithermal gold target of the Company’s 100%
owned Ponton Project in the Dominican Republic. Hig hlight results from the survey and interpretation a re
as follows:
• Identification of numerous large and strong magneti c-low 3D anomalies (near surface and
concealed at depth) possibly attributed to magnetit e destruction alteration, a common
alteration/geophysical feature in gold epithermal systems ;
• Numerous discreet and variably linear magnetic-low anomalies aligned with gold enriched
surface soil-rock samples and silica-argillic clay alteration zones. This co rrelation is particularly
apparent at the South Anomaly where surface rock samples have reported highlight values of 53.0
g/t gold and 17.0 g/t gold* ;
• Substantial magnetic-low at South Zone extends more than 200 metres below surface, supporting
the potential for a significant sized system; and
• See 3D Magnetic Inversion Model Compilation video and accompanying magnetic inversion
anomaly map or visit www.precipitategold.com for additional illustrations of the Copey Hill gol d
exploration zones.
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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Figure: Vertical Cross Section of Magnetic 3D Inver sion – South Zone Anomaly, Copey Hill Zone, Ponton
Project
Jeffrey Wilson, Precipitate’s President & CEO stated, “We are very pleased that this magnetic 3D inver sion
study has identified multiple untested magnetic-low anomalies which vector toward potential intermediate
sulphidation epithermal gold mineralization. The ac companying 3D inversion video and map clearly
illustrate classic epithermal affinities with the presence of large, distinct magnetic-low features (dark blue)
situated directly beneath and proximal to the high- grade gold samples at surface. The 3D inversion res ults
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are a significant and critical final step forward f or prioritizing drill targets. As such, the South Z one has
developed into a high priority drill target. With o ur in-country drills and drilling crews on stand-by , upon
receipt of drill permits, we are poised to commence an exciting first phase of drilling at this advanc ing
target.”
Local-scale geological mapping indicates that the C opey Hill Zone is dominantly underlain by intermedia te
composition mixed volcanic tuffs, agglomerates and lessor flows, with a common southeast strike. The joint
interpretation of various magnetic geophysical and geological maps has inferred numerous crosscutting
structures (trending north, northeast and northwest ) that commonly overlap or are proximal to gold
enriched surface soil and rock samples and strong magnetic-low anomalies. Interestingly, the south-side of
the South Anomaly appears to wrap around a large magnetic high anomaly, which may suggest a concealed
intrusive body and a postulated catalyst for Copey Hill mineralization and alteration.
*Note: Rock grab samples are selective by nature and are unlikely to represent average grades on the property.
The Copey Hill intermediate sulphidation epithermal gold target within the Company’s 100% owned Ponton
Project is road accessible and located approximatel y 25 kilometres due east of Barrick’s Pueblo Viejo
mining operation and the Company’s Pueblo Grande project in the Dominican Republic.
The Copey Hill Zone ground magnetic survey covered an area measuring an estimated 2.8km by 1.8km. Surv ey data
was collected at 12.5 metre station intervals on 50 metre spaced grid north-south oriented lines (with peripheral lines
up to 200 metre separation) by a GSM-19 version 7 O verhauser magnetometer by Company technicians. Magn etic
Inversion processing and 3D modelling of the ground magnetic data was completed by Thomas Weis and Ass ociates
Inc. A spectral analysis model (Fastmag3D) on the t otal magnetic intensity grid was used as the initial estimate for the
Magnetic Vector Inversion (‘MVI’) model which was th en run in Geosoft’s MVI model software resulting cre ating a 3D
Voxel model with 12.5 metre cell sizes. Follow up data compilation, 3D models and video construction was completed
by Rogue Geoscience.
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”
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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 expected", "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-looking 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.