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Barrick Commences Phase Two Drilling at Precipitate's Pueblo Grande Project, Dominican Republic

(TheNewswire) Vancouver, BC - TheNewswire - September 11, 2023 - Precipitat...

articlePrecipitate Gold Corp.September 11, 20234/company/precipitate-gold-corp/news/barrick-commences-phase-two-drilling-at-precipitates-pueblo-grande-project-dominican-republic
Barrick Commences Phase Two Drilling at Precipitate's Pueblo Grande Project, Dominican Republic

About this update from Precipitate Gold Corp.

[{"type":"text","content":"Barrick Commences Phase Two Drilling at Precipitate's Pueblo Grande Project, Dominican Republic\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC -\n \n \n TheNewswire\n-\n \n \n September\n11, 2023 -\n \n \n Precipitate Gold\nCorp.\n \n \n (the “\n \n \n Company\n \n \n ” or\n“\n \n \n Precipitate\n \n \n ”)\n \n \n (TSXV:PRG\n \n \n )\n \n \n (\n \n \n OTC:PREIF)\n \n \n is pleased to announce that Barrick\nGold Corporation (\"Barrick\") has commenced a diamond\ndrilling program within the Lithocap Zone of Precipitate's 100% owned\nPueblo Grande Project, located immediately adjacent to Barrick's\nPueblo Viejo gold mine in the Dominican Republic. Barrick’s work is\npart of an earn-in agreement whereby Barrick has the right to earn a\n70% interest in Precipitate’s Pueblo Grande Project.\n \n \n \n \n Barrick Phase Two Drill Program\nHighlights\n \n \n \n \n \n \n Up to 3,000m of diamond drilling\ncomprised of up to 10 holes within the Lithocap Zone, immediately\nadjacent to Barrick’s Pueblo Viejo mining pits:\n \n \n \n \n \n \n Drilling will test multiple\nprospective, untested targets delineated by surface sampling\n(geochemistry), geological features (rock types and various fault\nstructures), geophysics (IP and magnetic) and spectrometric studies\n(clay alteration):\n \n \n \n \n \n \n Deep penetrating 2D IP surveying has\nidentified numerous untested high chargeability anomalies; some with\nreading values exceeding 40 millivolts per volt (“mv/v”):\n \n \n \n \n \n \n Barrick’s updated interpretation of\nnew and historical project data has led to an expanded drilling\nprogram, targeting near-surface high sulphidation epithermal “Pueblo\nViejo style” gold mineralization along with a possible concealed\ncopper-gold porphyry style target at depth.\n \n \n \n \n \n \n \n \n See accompanying map\nfigure for details\n \n \n \n \n \n \n Jeffrey Wilson, Precipitate's President and CEO stated,\n\"We are pleased that Barrick has commenced this highly\nanticipated second phase of drilling at the Lithocap Zone of our\nPueblo Grande project. This drill phase will test multiple previously\nuntested highly prospective targets immediately west of Barrick’s\nPueblo Viejo mining ope...

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