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Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) -
Precipitate Gold Corp. (TSXV: PRG) (OTCQB: PREIF) (the "Company" or "Precipitate") announces it has completed two initial drill holes of its planned 10-hole diamond drill campaign at the Copey Hill Gold Zone, part of the Company's 100% owned Ponton Project in the Dominican Republic. Following completion of the first two holes, a small faction of the local community requested additional information regarding the drill program and the Company's ongoing exploration plans therefore the Company has elected to pause the program to allow for additional dialogue and transparency with local stakeholders.
Two holes were completed as planned within the North Anomaly of the Copey Hill Gold Zone, targeting potential sub-surface mineralization within coincident geological, geophysical and multi-element geochemical anomalies hosting elevated gold and silver values. Drill core from these holes has been logged, cut and shipped for laboratory analysis. The potential for technical teams to assess and evaluate data from these initial holes in the interim will be advantageous in planning subsequent drill locations in advance of recommencing the balance of the fully permitted and budgeted drill program. The drill will be stored offsite during the recess period in anticipation of near-term redeployment to resume the program.