Precipitate’s Magnetic 3D Inversion Study Identifies Multiple New Geophysical Targets at the Pueblo Grande Gold Project in Dominican Republic
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Precipitate’s Magnetic 3D Inversion Study Identifies
Multiple New Geophysical Targets at the Pueblo Grande Gold Project in
Dominican Republic
Vancouver, B.C. – June 24, 2019 - Precipitate Gold Corp. (“Precipitate” or the “Company”) (TSXV: PRG) is
pleased to announce results and interpretation of t he geophysical magnetic 3D inversion study conducte d
on the highly prospective advanced argillic altered Loma Cuaba Lithocap Zone of the Company’s 100%
owned Pueblo Grande Project located adjacent to Barrick’s world-class Pueblo Viejo gold-silver mine in the
Dominican Republic. Highlight results from the survey and interpretation are as follows.
• Identification of five magnetic low anomalies (near surface and concealed at depth) likely
associated with magnetite destruction characteristi cs of Pueblo Viejo style high sulphidation
epithermal alteration;
• Identification of a sizeable egg-shaped magnetic lo w anomaly possibly associated with porphyry
style magnetite destruction alteration (possibly po tassic) measuring up to 450 metres in
diameter, at an estimated depth of 400 metres from surface to the top of the anomaly;
• Identification of a large magnetic low anomaly in the southeast lithocap area, concealed at depth
(+400 metres) appearing to extend eastward to Barri ck’s new exploration target called Arroyo
Hondo which is a high sulphidation epithermal target situated between Barrick’s mining pits and
Precipitate’s claim boundary; and
• None of the aforementioned geophysical anomalies ha ve been drill tested by prior operators,
making them compelling targets for the Company to prioritize for drill testing.
The computer-generated 3D inversion study utilized the combination of historical airborne data with newly
derived ground geophysical data to aid interpretati on of lithology, alteration and structural features . The
inversion study was completed by Tom Weis (ex-Chief geophysicist Newmont) and Carl Wendels of Thomas
Weis and Associates Inc.
See the accompanying two magnetic inversion anomaly maps or visit www.precipitategold.com for
additional illustrations of the Loma Cuaba Lithocap Zone illustration maps.
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 high
sulphidation epithermal mineralization and a postul ated centre core of a gold-copper porphyry style
mineralized system at depth below the Loma Cuaba Lithocap alteration zone. The 3D inversion results are a
significant and critical step forward for drill tar get prioritization. We look forward to combining th is newly
derived data with the recently completed soil geoch emical data and upcoming results from a detailed
geological mapping survey conducted within the Loma Cuaba zone, as part of our ongoing process to
delineate drill targets in the coming months.”
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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Near term Company exploration work will focus on a comprehensive interpretation of the recently
completed Loma Cuaba surface geological mapping pro gram in combination with the full Loma Cuaba
exploration data package with the goal of selecting priority exploration and drill test zones targetin g
potential high grade feeder structures and permeabl e volcanic horizons which are typical of high
sulphidation epithermal mineralization and also a w hat may be a centre core of a gold-copper porphyry
style mineralized system at depth below the Loma Cuaba Lithocap alteration zone.
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.
The recent ground magnetic survey covered an estima ted 40 grid line kilometres over the south slope of
the Loma Cuaba Lithocap Zone. Survey data was collec ted at 12.5 metre station intervals over both 100
metre and 200 metre spaced grid lines (east-west di rection) by a GSM-19 version 7 Overhauser
magnetometer by a Company technician. The 2006 Heli borne Magnetic - GeoTEM survey was flown at
100m line spacing in a northeast-southwest directio n, by Fugro Airborne Surveys. Magnetic Inversion
processing and 3D modelling of the combined ground and historical heliborne magnetic data was
completed by Thomas Weis and Associates Inc. A spectral analysis model (Fastmag3D) on the merged total
magnetic intensity grid was used as the initial est imate for the Magnetic Vector Inversion (‘MVI’) mod el
which was then run in Geosoft’s MVI model software resulting creating a 3D Voxel model with 20 metre
cell sizes.
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 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 .
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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.