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Barrick Commences Field Work Within Lithocap Zone of Precipitate's Pueblo Grande Project, Dominican Republic
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2020) -   Precipitate Gold Corp. ...
About this update from Barrick Mining Corporation
[{"type":"text","content":"Barrick Commences Field Work Within Lithocap Zone of Precipitate's Pueblo Grande Project, Dominican RepublicVancouver, British Columbia--(Newsfile Corp. - June 17, 2020) -  Precipitate Gold Corp. (TSXV: PRG) (OTC Pink: PREIF) (the \"Company\" or \"Precipitate\") is pleased to announce commencement of exploration and field work by Barrick Gold Corp. (NYSE: GOLD) (TSX: ABX) (\"Barrick\") at the Company's 100% owned Pueblo Grande Project located immediately adjacent to Barrick's world-class Pueblo Viejo gold-silver mine in the Dominican Republic.Barrick advises it has commenced review and validation of the extensive database of field and desktop analytics, including historic drilling results and existing geochemical and geophysical data from work conducted by Precipitate and prior operators. Barrick's initial work will concentrate on the project's Lithocap Zone (or \"Loma Cuaba \") which is located immediately west of Barrick's Pueblo Viejo mining pits and was the primary focus of Precipitate's exploration work prior to execution of the earn-in agreement (see accompanying map). Barrick's planned Lithocap Zone field work for the first and second quarter of the earn-in is expected to consist of:Selective surface geochemical sampling;Systematic rock-clay alteration surveying, via portable spectral mineral analyzers;Geological mapping; andAn initial 2,500 metres of exploration drilling. Jeffrey Wilson, President & CEO, stated, \"We are pleased with the commencement of work by Barrick on our Pueblo Grande project. The timely start-up of exploration initiatives closely following the easing of certain in-country COVID-related restrictions speaks to Barrick's commitment to promptly initiate meaningful programs to explore and advance the project as efficiently and systematically as possible. We're specifically encouraged by Barrick's initial focus within the Lithocap Zone where Precipitate had previously identified multiple prospective targets. Barrick's unique and extensive experience with the style of high sulphidation mineralization being targeted offers Precipitate shareholders leverage to critical exploration expertise. The earn-in agreement's requirement for Barrick to incur a minimum US$2.0M in exploration before the second anniversary, and Barrick's intent to conduct a 2,500 metre drill program within the first two quarters...