Precipitate Gold identifies 1.6 km IP anomaly corridor

Executive Summary

• Precipitate Gold reports completion of ~75 % of its induced‑polarization (IP) ground geophysical survey on the Juan de Herrera project, identifying a new ≈1.6 km‑long northwest‑trending exploration corridor in the Southeast and Centro zones.
• High chargeability anomalies correlate with surface soil gold grades > 3.5 ppb Au and copper values up to 4.4 % Cu, with some anomalies remaining open to depths > 350 m.
• The company will finish surveying the Jengibre South zone, integrate all data, and use the results to prioritize future prospecting, rock sampling, mapping and drill targeting.

Key Details

• Survey coverage: 22.5 km of the planned 30 km line‑kilometres completed (four priority targets – Ginger Ridge East, Southeast, Centro, Jengibre South).
• Exploration corridor: Northwest‑trending, ≥1.6 km long, defined by multiple high chargeability anomalies.
• Soil geochemistry correlation:
• Line 12 – Trench 2: 4.4 % Cu and 0.3 g/t Au over 1.8 m; broader interval 1.6 % Cu & 0.2 g/t Au over 5.3 m.
• Line 10 – Trench 1: 2.8 % Cu over 3.0 m and 1.3 % Cu over 8.0 m.
• Depth of anomalies: Many remain open past 350 m below surface (gradient‑array IP).
• Chargeability magnitude: Typical 5–6 mV/V; peak readings up to ~12 mV/V.
• Resistivity correlation: High chargeability zones coincide with high resistivity anomalies, suggesting favorable host rocks and possible hydrothermal silica alteration.
• Survey methodology: Conducted by Matrix Geotechnologies Ltd. using a 10‑kW generator time‑domain IP system (Elrec Pro 10‑channel receiver, 25 m dipole spacing, pole‑dipole array). Provides 2‑D quantitative sections and 3‑D voxel modelling for drill targeting.
• Next steps: Complete IP survey of Jengibre South zone, compile full dataset, conduct additional prospecting, rock sampling, detailed mapping, and selective hand‑trench/channel sampling; advance to drill target definition.

Notable Quotes

“We are happy that the IP geophysical surveying on our Juan de Herrera project has refined, and in some cases expanded many high‑priority IP chargeability and resistivity anomalies… many of which are situated coincident with impressive soil geochemical anomalies, and are open at depths exceeding 350 metres, offering additional exploration potential.” – Jeffrey Wilson, President & CEO

Materiality Assessment: Non‑Material – Positive (provides material exploration insight but does not yet constitute a commercial development or financial transaction).