Precipitate Gold posts results for 2,050-metre diamond drill program at Pueblo Grande Norte Target, Dominican Republic

Precipitate Gold Corp. [TSXV: PRG; OTCQB: PREIF] reported the final results of its diamond drill program at the Pueblo Grande Norte zone of the 100%-owned Pueblo Grande Project in the Dominican Republic.

The completed drill campaign consisted of five diamond drill holes totaling 2,050 metres and was designed to test a newly identified cluster of induced polarization (IP) geophysical chargeability-high anomalies located within the central portion of the Pueblo Grande North zone. Drilling tested several of the IP geophysical anomalies. Final laboratory results indicate that no economically significant mineralization was intersected in any of the holes.

Michael Moore, Precipitate’s Vice President, Exploration, stated, “Since January, we swiftly delineated compelling untested IP geophysical anomalies warranting further investigation. We efficiently moved to drill test the main portions of these chargeability and resistivity anomalies in a targeted and cost-effective drill program. All drill holes intersected lengthy intervals of strong rock alteration and highly elevated pyrite concentrations which coincide with the recently identified IP geophysical anomalies, even so, the drill core sampling results have fallen short of our aspirations. This new drill data provides the company with important geological, alteration and structural information which is currently being compiled, interpreted and assessed for the merit of additional drill testing. Notwithstanding, our technical team will now focus its attention on the company’s primary gold and copper exploration Juan de Herrera project.”

Jeffrey Wilson, President and CEO of Precipitate Gold Corp., stated: “While the results from this initial drill program did not identify the level of mineralization we had hoped to encounter, the program successfully tested an important exploration target and has provided valuable geological information that enhances our understanding of the Pueblo Grande project.

“With this phase of drilling now complete, we intend to refocus our efforts on our flagship Juan de Herrera Project, where multiple compelling exploration targets have been delineated and advanced through ongoing target refinement and community engagement activities. We remain confident in the long-term exploration potential of Juan de Herrera and look forward to reporting progress as work advances.”

The Pueblo Grande Project is strategically located within one of the world’s premier gold mining districts.

The 2026 Pueblo Grande Norte (also known as Loma la Cuaba or the Lithocap zone) drill campaign achieved its primary objective of testing the newly delineated IP chargeability and resistivity anomalies. In most cases, the IP geophysical anomalies correlate well with core observations of notably elevated concentrations of pyrite mineralization, strong silicification and advanced argillic alteration, as well as the laboratory analytical data, evidently, validating the IP geophysical survey data. Drill core logging indicates that pyrite mineralization is dominated by very fine grained pyrite as strong disseminations, millimeter-scale clots, laminations, veinlets, mm-scale vuggy infills and local near semi-massive centimeter-scale laminations.

The drill program totalled 2,050 metres of diamond drilling in five holes from five drill platforms. Hole depths ranged from 330 to 459 metres, with hole inclinations ranging from vertical to -55 degrees. HQ and NQ diameter core quality and recovery was excellent. Rock core sampling included near 100% of each drill hole. Management is undertaking an extensive review of all new and historical analytical data to determine an appropriate strategy for possible follow up work.

Precipitate Gold is focused on exploring and advancing its mineral property interests in the Dominican Republic, including its 100%-owned Juan de Herrera project, its 100%-owned Pueblo Grande project, and its 100%-owned Ponton project. Precipitate is also evaluating additional property acquisitions with the potential to expand the company’s portfolio and increase shareholder value in other favourable jurisdictions.