Precipitate Gold Corp.: Barrick Initiates Diamond Drilling Program at Pueblo Grande Project
Vancouver, B.C., February 26, 2025 – Precipitate Gold Corp. (the “Company” or “Precipitate”) is thrilled to share that Barrick Gold Corporation (“Barrick”) has commenced a diamond drilling program at the Pueblo Grande Project, a 100% owned property of Precipitate located in the Dominican Republic. The project is situated in close proximity to the Pueblo Viejo gold mine, which Barrick operates.
Background on the Pueblo Grande Project
The Pueblo Grande Project encompasses an area of approximately 2,600 hectares and is strategically located along the western limb of the Dominican Republic’s prolific Cotuí Gold Belt. The project’s mineralization is characterized by gold-bearing quartz veins and breccias, and previous exploration efforts have identified several high-priority target areas.
High-Priority Target Areas to be Tested
The diamond drilling program will focus on two distinct target areas: the Cemented Gold Target and the Northern Copper-Gold Target. The Cemented Gold Target is characterized by gold mineralization associated with quartz veins and breccias, while the Northern Copper-Gold Target displays copper-gold mineralization in oxide and sulfide zones.
Impact on Precipitate Gold Corp.
This drilling program represents a significant milestone for Precipitate as it brings the Company one step closer to potentially expanding its mineral resources. Successful exploration results could lead to increased shareholder value and potential partnership opportunities with major mining companies like Barrick. Moreover, the ongoing collaboration with Barrick could open doors to additional exploration opportunities in the region.
Global Implications
Barrick’s investment in Precipitate’s Pueblo Grande Project underscores the company’s commitment to exploring and developing new gold resources. This initiative could potentially contribute to the continued growth of the global gold mining industry, which has seen increased demand due to the precious metal’s role as a safe-haven asset in times of economic uncertainty.
Conclusion
In summary, Precipitate Gold Corp.’s collaboration with Barrick Gold Corporation on the diamond drilling program at the Pueblo Grande Project represents a promising opportunity for the Company to expand its mineral resources and potentially unlock significant value for shareholders. Furthermore, the exploration efforts could contribute to the global gold mining industry’s ongoing growth, making it an exciting development to follow closely.
- Precipitate Gold Corp. initiates diamond drilling program at Pueblo Grande Project.
- Barrick Gold Corporation commences exploration efforts on two high-priority target areas.
- Successful exploration results could lead to increased shareholder value and potential partnership opportunities.
- The collaboration could contribute to the continued growth of the global gold mining industry.
