Vancouver, B.C. – June 3, 2025 – Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG, OTCQB: PREIF) is pleased to announce it has commenced an extensive ground induced polarization (“IP”) geophysical survey over multiple zones within its 100% owned Juan de Herrera Project (“Juan de Herrera” and the “Project”) in the Dominican Republic.
Having recently completed control grid line cutting, Precipitate has now initiated a large 2D pole-dipole IP geophysical survey that will cover the four priority exploration targets, Ginger Ridge East, Southeast Zone, Centro Zone, and Jengibre South (see accompanying map). An estimated 30-line kilometres of geophysical surveying will be executed as follows:
- At the Ginger Ridge East and Jengibre South zones, surveying will assess possible on-strike extensions of known mineralization and hypothesized mineralization at depth.
- At the Southeast and Centro zones surveying will refine known geophysical anomalies associated with established surface copper-gold mineralization by increasing surveying density from 200 metre line intervals to 100 metre intervals.
Jeffrey Wilson, Precipitate’s President and CEO stated, “We are very pleased to commence IP geophysical surveying on our Juan de Herrera project, as IP chargeability and resistivity geophysical anomalies, augmented by surface rock-soil samples and geological mapping, provide the Company with critical information applicable towards delineation of prospective drill targets. This type of geophysical surveying is a very effective tool for identifying potential gold and copper mineralization, often hidden at depth in the Dominican Republic’s Tireo formation volcanic rocks. We look forward to completing the IP geophysical survey and assessing the data for future ground truthing and drill targeting.”
Figure 1: 2025 Grid Lines and IP Chargeability Anomalies map, Juan de Herrera Project
The Company continues to follow up on the numerous recently announced gold and copper surface geochemical anomalies at the CN, Southeast, Centro and Jengibre South zones, where ongoing exploration will include additional prospecting, rock sampling, detailed geological mapping and selective hand trench channel sampling.
The Company’s website has additional information, maps and figures of recent and historical Juan de Herrera project data.
For reference: g/t = grams per tonne, Au = gold, m = metres, millivolts per volt = mv/v, IP = induced polarization
This news release has been reviewed by Michael Moore, Vice President, Exploration of Precipitate Gold Corporation, the Qualified Person for the technical information in this news release under NI 43-101 standards.
About the Juan de Herrera Project:
The Juan de Herrera Project is owned 100% by Precipitate Gold Corp. and comprised of approximately 12,706 hectares located immediately adjacent to GoldQuest Mining’s Romero gold-copper project within the Upper Cretaceous aged package of volcanic and sedimentary Tireo Gold Formation in San Juan Province of Dominican Republic. The project hosts intermediate sulphidation epithermal and VMS style exploration targets. Work to date, including extensive project wide geochemical and geophysical surveying and limited diamond drilling, has delineated and outlined multiple anomalous zones of gold and/or copper mineralization warranting additional exploration and drilling. Approximately 5.0 million gold equivalent ounces have been discovered and advanced in the Tireo Formation belt in the last decade, while vast areas of similarly prospective and proximal terrain, such as that situated within Precipitate’s Juan de Herrera project, remain largely underexplored.
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 investor@precipitategold.com
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.
