Precipitate Completes Pueblo Grande Project Data Review and Follow Up IP Survey that Identifies Untested & Drill Ready Chargeability Anomalies

Core Viewpoint - Precipitate Gold Corp. has completed a comprehensive technical review and evaluation of exploration data from Barrick Mining Corporation, leading to the identification of significant high chargeability anomalies at the Pueblo Grande Project, which is adjacent to the Pueblo Viejo mine in the Dominican Republic [1][4]. Group 1: Technical Review and Survey Findings - The technical review incorporated US$7.2 million in exploration expenditures by Barrick over five years, identifying previously untested IP chargeability features in the Pueblo Grande Norte zone [4][9]. - A focused 3-line deep-penetrating 2D IP survey confirmed the presence of a cluster of high chargeability anomalies measuring approximately 800 meters north-south and over 450 meters east-west, at depths ranging from 100 to 330 meters [4][9]. - The chargeability anomalies suggest an epithermal alteration system with a shallow south-dipping alteration blanket, potentially containing strong internal lobes and underlying vertical feeder structures [4][9]. Group 2: CEO Commentary and Future Plans - The CEO expressed excitement over the new drill targets identified from the data review and IP survey, emphasizing the ease of access and existing drill permits for rapid advancement to the drill stage [3]. - The emergence of these new anomalies at Pueblo Grande adds to the company's near-term drill plans, alongside ongoing priorities at the Juan de Herrera project [3]. Group 3: Historical Context and Exploration Strategy - Historical exploration by Barrick included 3D induced polarization surveys and nine drill holes, but none tested the newly identified high chargeability anomalies [9]. - The new IP survey utilized advanced methodologies to validate and refine the chargeability features, indicating a strategic approach to exploration that leverages both historical data and new technologies [9][11].