Precipitate Gold Advances Multiple Drill-Ready Targets in Validated Dominican District

• Precipitate Gold raised C$6.5 million in early January 2026, bringing treasury to C$9.5 million, funded by Dominican investors encouraged by GoldQuest's success
• Company identified untested chargeability anomaly at Pueblo Grande project using new IP survey, planning drill program targeting 100-350m depth with 5-8 holes
• GoldQuest's advancement (environmental approval, feasibility study, share price rise from $0.16 to $2+) validates Dominican Republic mining jurisdiction and benefits Precipitate
• Four to five drill-ready targets delineated at Juan de Herrera project through 12 months of geochemistry, mapping, and geophysics work
• Strategic positioning next to GoldQuest's 4+ million ounce Romero deposit along 40km shared claim boundary creates consolidation optionality

As gold has just exceeded $5,000 per ounce and junior mining capital markets show renewed vigor, Precipitate Gold Corporation finds itself in an enviable position. The company controls three 100%-owned projects in the Dominican Republic, two adjacent to significant mineral deposits, and has recently strengthened its balance sheet with C$6.5 million in new financing. According to President and CEO Jeffrey Wilson, this convergence of favourable market conditions, validated jurisdiction, and drill-ready targets represents an unprecedented opportunity in the company's 13-year history.

Jurisdiction De-Risked Through Neighbour's Success

The most significant development for Precipitate Gold over the past year has been the dramatic de-risking of the Dominican Republic as a mining jurisdiction, driven primarily by neighbour GoldQuest Mining Corp.'s achievements. GoldQuest's Romero project has progressed through multiple financing rounds, with Dominican-based investors driving the share price from C$0.16 to over C$2.00 in approximately 12 months.

"It obviously validates what we've been saying for some time, which is that you can get things done in the Dominican Republic. The government does in fact want to support mining and does see mining as an integral part of the economy."

GoldQuest recently received environmental impact study approval and is advancing toward a bankable feasibility study with the goal of obtaining an exploitation license. This progression has sent a clear signal to the investment community: discoveries in the Dominican Republic can be advanced and value can be created. For Precipitate Gold, this validation has opened doors to capital that was previously hesitant about the jurisdiction.

Strategic Financing from Dominican Investors

The company's recent C$6.5 million financing, closed in early January 2026, was notably supported by Dominican investors who watched their peers profit from early GoldQuest investments. Wilson noted that some wealthy Dominican business individuals who passed on GoldQuest at $0.16 or $0.50 are now seeking similar opportunities as the stock trades above C$2.00.

Combined with approximately C$3 million in the treasury at year-end 2025, Precipitate now holds roughly C$9.5 million in working capital with no underlying obligations or work commitments on its 100%-owned projects. This capital provides the financial flexibility to execute an aggressive exploration and drilling campaign throughout 2026.

Pueblo Grande: New Discovery Potential Adjacent to Barrick Mine

Perhaps the most intriguing near-term catalyst comes from Precipitate's Pueblo Grande project, which surrounds Barrick Gold's Pueblo Viejo mine. After Barrick completed a five-year, C$7 million earn-in agreement that included drilling and exploration without finding their target, conventional wisdom suggested the project had been thoroughly tested and dismissed.

However, Precipitate's technical team conducted a comprehensive review of Barrick's data and identified a previously unknown chargeability anomaly in an area with no drill holes. The company ran its own induced polarisation (IP) survey to confirm and refine this geophysical signature.

"We were pleasantly surprised to see that yes it did in fact light up for us. It is in an area that we don't see any drill holes or drill traces that cut through this chargeability anomaly." 

The anomaly exhibits both chargeability and resistivity characteristics similar to the mineralisation hosting Pueblo Viejo. Wilson acknowledged the binary nature of geophysical targets but emphasised that the company spent considerable time modelling drill traces in 3D to confirm the anomaly remains untested. The target sits at depths of 100-350 meters and benefits from existing permits and good access.

The discovery of this untested target relates partly to historical claim boundary changes. When Precipitate sold certain ground to Barrick for C$5 million several years ago (ground needed for infrastructure), the claim boundary shifted westward. Historical drilling had focused on areas closer to Barrick's mining pits, right up against the previous claim boundary, but not in the area where this new anomaly sits.

Wilson envisions testing the target with 5-8 drill holes of approximately 400-450 meters depth, sufficient to either validate the discovery potential or conclusively rule it out. "I would want to test it in a manner in which if it's not there, we're comfortable it's not there and we can comfortably put it to bed and move on," he explained.

Interview with Jeffrey Wilson, President and CEO, Precipitate Gold

Juan de Herrera: Multiple Drill-Ready Targets

While Pueblo Grande offers near-term excitement, Precipitate's Juan de Herrera project represents the company's primary strategic focus. Located adjacent to GoldQuest's Romero deposit, Juan de Herrera has been the subject of intensive exploration work throughout 2025, advancing four to five targets to drill-ready status through geochemistry, mapping, trenching, and geophysics.

The 40-kilometer shared claim boundary with GoldQuest positions Precipitate within the same geological district and mineralised system. The genetic model remains subject to geological debate - whether classic VMS (volcanogenic massive sulfide), epithermal, or a VMS with epithermal overlay - but the district is recognised for its potential to host a "string of pearls" style mineralisation along structural and geological corridors.

Precipitate has benefited from observing GoldQuest's exploration techniques, particularly the importance of geophysics in a region with limited outcrop. The successful approach combines surface geochemistry with IP surveys, with high chargeability anomalies beneath geochemical signatures often indicating drill targets.

GoldQuest's Romero discovery came with hole 90, a reminder that significant discoveries require both financial capacity and persistence. Wilson emphasised the importance of having sufficient treasury to execute multiple drill programs: 

"Mother nature can be tricky sometimes. And so finding these deposits and where they live within these geophysical signatures can take some trial and error and can take some time."

Sequential Drill Strategy for 2026

Precipitate's 2026 exploration program will likely begin with drill testing at Pueblo Grande, given the target's ready status, existing permits, and good access. Depending on results, the company plans to shift drilling operations to Juan de Herrera, where preparatory work on access routes and target prioritisation is underway.

The strategy involves sequential testing of multiple Juan de Herrera targets, moving from one to another as assay results are pending at the laboratory. This approach maintains drilling momentum while managing capital efficiently. Wilson noted the importance of letting results dictate subsequent programs rather than committing to arbitrary meterage targets.

Concurrent with Precipitate's drilling, GoldQuest will operate multiple drill rigs on their property, conducting both geotechnical drilling for feasibility work and exploration drilling on new targets. Some of GoldQuest's priority exploration zones sit directly adjacent to Precipitate's claim boundary in areas showing similar geochemical and geophysical signatures. This creates potential for Precipitate to "piggyback" on GoldQuest's results to refine their own drill targeting.

Strategic Positioning in an Emerging District

Wilson articulated two potential exit scenarios for the broader district. First, GoldQuest may successfully build and operate the Romero mine, having attracted investors capable of providing construction capital. Second, a larger company may acquire GoldQuest and seek to consolidate the district, recognising that acquiring a 4-million-ounce deposit at a premium could look prescient if district consolidation and exploration ultimately yields 10 million ounces.

"The more perspective we can make our ground or valuable we can make our ground, the bigger part of that conversation we can have." 

However, Precipitate's immediate focus remains discovery-driven value creation rather than positioning for acquisition. The company aims to establish standalone value through drilling success at its wholly-owned projects, participating in any consolidation conversation from a position of strength rather than dependence.

Optimal Market Timing Meets Execution Readiness

Wilson emphasised that all factors have aligned in Precipitate's favor for the first time in the company's 13-year history: drill-ready targets, strong gold prices, capital availability, healthy treasury, permits, and a responsive market environment. The company deliberately avoided spending capital on drilling during periods when market conditions wouldn't reward positive results.

"I don't know that there's ever been a time in Precipitate's history where all of the stars have aligned where you've got bonafide targets, you've got a gold market that's roaring, you've got access to capital, you've got a healthy treasury, you've got permits, and you've got a market that will respond or seems to be responding to positive news."

The company's disciplined approach to capital preservation, combined with conviction in project quality, has positioned Precipitate to execute meaningful exploration in an environment where discovery can generate significant shareholder value.

The Investment Thesis for Precipitate Gold

• Jurisdiction validation: GoldQuest's advancement from C$0.16 to C$2+ per share with environmental approval and feasibility study progress demonstrates Dominican Republic mining viability, directly benefiting adjacent Precipitate projects
• Immediate catalyst potential: Untested chargeability anomaly at Pueblo Grande offers near-term binary discovery outcome with 5-8 hole drill program at 100-350m depth in permitted, accessible area with similar characteristics to neighboring Barrick Pueblo Viejo mine
• Multiple drill-ready targets: Four to five delineated targets at Juan de Herrera project ready for systematic testing, advanced through 12 months of geochemistry, geophysics, and mapping in same geological district as GoldQuest's 4+ million ounce Romero deposit
• Strong financial position: C$9.5 million treasury with no underlying obligations provides financial flexibility for aggressive 2026 exploration campaign across multiple targets without near-term dilution pressure
• Strategic location value: 40-kilometer shared claim boundary with advancing GoldQuest project creates consolidation optionality while maintaining standalone discovery potential; company benefits from neighbor's ongoing multi-rig drill programs and technical insights
• Favorable market timing: Convergence of strong gold prices approaching $5,000/oz, renewed junior mining capital availability, responsive market environment, and company's drill-ready status creates optimal execution window after years of disciplined capital preservation
• Management track record: CEO Jeffrey Wilson's 13-year commitment to projects and experience with previous district consolidation scenarios; disciplined approach evidenced by strategic Barrick ground sale (C$5M) and patient capital deployment awaiting optimal market conditions
• Exploration upside leverage: Pure early-stage discovery potential in underexplored district with proven mineralisation; VMS and epithermal targets in "string of pearls" geological setting where single discovery hole could transform company valuation

Macro Thematic Analysis

The Dominican Republic is emerging from a prolonged period of mining investment uncertainty, with GoldQuest Mining's recent achievements providing the catalyst for renewed attention to the district. GoldQuest's environmental approval, feasibility study advancement, and remarkable share price appreciation from C$0.16 to over C$2.00 in twelve months has validated what junior explorers have argued for years: the Dominican Republic government supports mining development and projects can advance to production. 

This validation arrives as gold prices push toward $5,000 per ounce and junior mining capital markets show renewed appetite for discovery-stage opportunities. Dominican investors, having watched early GoldQuest participants generate substantial returns, are actively seeking similar opportunities in the district, creating favorable financing conditions for neighboring explorers. As Jeffrey Wilson noted: 

"It's evidence to the investment community and the market that you can in fact advance a project and create value with projects in the Dominican Republic. And also it set the stage that if you find it, you can in fact extract it, which is the message we've been waiting for for the better part of a few years."

TL;DR

Precipitate Gold has positioned itself for an aggressive 2026 drill campaign with C$9.5M treasury, drill-ready targets at two projects adjacent to significant deposits (GoldQuest's Romero and Barrick's Pueblo Viejo), and a de-risked Dominican Republic jurisdiction validated by GoldQuest's recent success. Near-term catalysts include testing an untested chargeability anomaly at Pueblo Grande and systematic drilling of multiple targets at Juan de Herrera, with favorable market timing as gold approaches $5,000/oz and junior mining capital returns.

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