12:46 PM EDT, 03/25/2026 (MT Newswires) -- Precipitate Gold ( PREIF ) on Wednesday said diamond drilling is underway at the Pueblo Grande Norte zone of the company's Pueblo Grande Project in the Dominican Republic.

The company said the drill campaign is budgeted to consist of an initial four holes, each with an estimated average drill depth of approximately 450 meters for a total expected program of approximately 2,000 meters.

The company also said the drill campaign is designed to test a newly identified cluster of induced polarization (IP) geophysical chargeability-high anomalies that were recently delineated through a comprehensive review of historical exploration data and follow-up IP geophysical surveying completed by Precipitate late last year.

Precipitate Gold ( PREIF ) said the drill program is expected to run for approximately 8 to 12 weeks, depending on various circumstances, with assay results to be reported as they become available.

"We are pleased to have successfully advanced this compelling geophysical target from data interpretation through to drilling in a relatively short period of time," said chief executive Jeffrey Wilson. "The identification of a sizeable and untested cluster of chargeability anomalies located immediately adjacent to a world-class mining operation represents an exciting exploration opportunity for the company. With drilling now underway, we look forward to testing this target and evaluating initial results to determine its potential to host meaningful gold mineralization."

The company's shares were last seen up $0.065 at $0.485 on the TSX Venture Exchange.

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