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Vancouver, British Columbia – (Newsfile Corp. – September 10, 2020) – Precipitate Gold Corp. (TSXV: PRG) (OTCQB: PREIF) (the “Company” or “Precipitate”) is pleased to announce the effects and initial interpretation of the magnetic floor geophysical survey performed on the Copey Hill epithermal gold target of the Ponton project, which is 100 percent owned through the corporation in the Dominican Republic.
The geophysical study of magnetic soil has effectively outlined many discrete, linearly variable weak magnetic anomalies that align well with samples of surface rocks and gold-enriched soils. 17. 0 g/t gold. Many low magnetic anomalies are interpreted as a reflection of likely spaces of hydrothermal magnetite destruction; a non-unusual geophysical alteration/characteristic in gold epithermal systems. See the attached map or corporate page online for more illustrations of the cope hill magnetic anomaly map.
Jeffrey Wilson, President and CEO of Precipitate, said: “We are pleased with the latest effects of magnetic studies, as the identity of weak magnetic anomalies matching combined samples of higher-grade gold rocks and higher gold values on the ground under support the company’s gold. epithermal model, and directs the delineation of our drilling target to express the spaces of precedence where those anomalies overlap. In addition, the company hired former Newmont Geophysicist Head of Mining Tom Weis to perform 3-d investment PC modeling and help interpret magnetic knowledge to download more data on the underground geophysical characteristics of the Copey Hill domain before the variety of drilling targets. “
Copey Hill soil geophysical pontoon project with geochemical anomalies of soil and rocks
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The initial interpretation of magnetic maps is inferred from many cross-sectional structures (north, northeast, and northwest) that overlap or are very close to gold-enriched soil and surface rock samples. Interestingly, the southern appearance of the anomaly appears to be wrapped around a giant upper magnetic anomaly, which may recommend a hidden intrusive frame most likely and a postulated catalyst for the mineralization and alteration of Copey Hill.
The main objective of the magnetic soil geophysical study is to facilitate the interpretation and identity of rock types, hydrothermal alteration zones and the geological structure underlying the two primary gold anomalies in the north and south soil of the Copey Hill area.
Note: Selected rock samples are selective by nature and do not constitute average degrees in the property.
Copey Hill’s intermediate sulfide epithermic gold target in the company’s ownership Ponton Project is available via the highway and approximately 25 kilometres east of Barrick’s Pueblo Viejo mining operation and the company’s Pueblo Grande assignment in the Dominican Republic.
The magnetic lift of the floor covered a grid line estimated at 62. 1 kilometers over the domain of Copey Hill, covering a domain measuring approximately 2. 8 km over 1. 8 km. Knowledge of the survey was collected over periods of 12. 5 meters on 50-meter spaced grid lines (with peripheral lines up to two hundred meters apart) through a GSM-19 Overhauser 7 magnetometer through a corporate technician processing post-survey knowledge and generating maps and derivatives were done through Campbell
This press release reviewed through Michael Moore, Vice President of Exploration, Precipitate Gold Corporation, qualified user for technical data contained in this press release in accordance with NI 43-101 standards.
About Precipitate Gold:
Precipitate Gold Corp. es a mining exploration company that aims to explore and sell its mining stakes in the Pueblo Viejo and Tireo Gold Trend mining camps in the Dominican Republic. The Company is actively exploring its ponton and Juan de Herrera assignments, which it owns 100%. The corporation’s allocation to Pueblo Grande is subject to a consolidation agreement with Barrick Gold Corporation, in which Barrick can obtain a 70% stake by committing US$10 million over six years and generating an eligible pre-invoicibility study. Precipitate is also actively comparing other acquisitions of high-impact assets with the prospect of expanding the company’s portfolio and increasing the price for shareholders in the Dominican Republic and other favorable jurisdictions.
Additional data can be found www. precipitategold. com the company’s website.
On behalf of the Board of Directors of Precipitate Gold Corp. ,
President and CEO of “Jeffrey Wilson”
For information, contact:
Tel: 604-558-0335 Free line: 855-558-0335 investor@precipitategold. com
Neither TSX Venture Exchange nor its regulatory service provider (as explained in TSX Venture Exchange policies) assumes the duty of the relevance or accuracy of this release.
This press release may include “forward-looking data” within the meaning of applicable Canadian securities law. All statements, other than statements of ancient fact, included in this document are forward-looking information. In general, forward-looking data can be known by using forward-looking terms such as “plans”, “expects” or “does not expect”, “proposed”, “expected”, “budget”, “planned”, “believes”, “foresees”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or the diversification of those words and expressions, or through the use of words or words that indicate that certain movements or occasions or the Effects can, can also happen or simply occur or be achieved. This forward-looking data reflects the existing ideals of Precipitate Gold Corp. (“Precipitate” or the “Company”) and is based on existing data that the Company has and on assumptions it believes are reasonable. Forward data is subject to known and unknown hazards, insecurities, and other points that would possibly cause the actual effects, point of activity, functionality or achievements of Precipitate to differ materially from those expressed or implied through this forward-looking data. . These dangers and other points would possibly include, but are not limited to: exploration concessions may not be granted on terms appropriate to the Company, or may not be granted at all; general commercial, economic, competitive, political and social insecurities; the concessions acquired through the Company may not have attributes similar to those of the surrounding properties; delaying or failing to obtain government or regulatory approvals; adjustments in the law, adding the environmental law related to mining; opportunity and availability of external investment in appropriate terms; conclusions of economic evaluations; and lack of professional and professional hard work or loss of key people. Although Precipitate has attempted to identify vital points that may also cause the actual effects to differ materially from those involved in the prospective data, it is possible that there are other points that cause the effects to be not as expected, estimated. or planned. Consequently, readers deserve not to place undue reliance on forward-looking data. Precipitate does not adopt updating forward-looking data in accordance with applicable securities laws.
To view the original edition of this press release, https://www. newsfilecorp. com/release/63571